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This overlooked gem offers a fat yield while waiting for long-term growth


Published on 2024-12-10 00:21:08 - The Daily Telegraph
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  • A second, consecutive trading update from Hargreaves Services that provides little incremental good news might not sound like...

The article from The Telegraph discusses Hargreaves Services, a company that has been somewhat overlooked by investors despite its potential. Hargreaves, primarily known for its coal mining operations, has diversified into other areas such as property, logistics, and infrastructure services. The company's shares have experienced significant volatility, but recent developments suggest a brighter future. Hargreaves has sold off its loss-making German operations and is focusing on more profitable ventures like land sales and infrastructure projects. The article highlights that the company's infrastructure division, which includes services like earthworks and remediation, is particularly promising due to the UK's ongoing need for infrastructure development. Despite a challenging past, with shares dropping significantly from their peak, the company's strategic refocus, a strong balance sheet, and potential for growth in its new sectors make it an interesting prospect for investors looking for undervalued stocks with turnaround potential.

Read the Full The Daily Telegraph Article at:
[ https://www.telegraph.co.uk/money/investing/stocks-shares/hargreaves-services-overlooked-infrastructure-gem-questor/ ]