A smart investment
A highly cash generative AIM company covered here remains well-placed to benefit from the rapidly evolving UK energy supply landscape. Elsewhere, a diversified industrial services group is benefiting from elevated commodity prices while an online wine retailer has a more challenging environment.
Commodity price winner Hargreaves Services (AIM: HSP), which has operations extending across land regeneration, logistics, minerals, earthworks and industrial services, announced further improvement to its expected trading results for its financial year ending 31 May 2022. The improvement is due to the continuing strong performance of its German Joint Venture, Hargreaves Raw Materials Services GmbH ("HRMS"). HRMS is a key supplier of specialist raw materials to major European customers in the steel, foundry, smelting, non-ferroalloy, sugar, limestone, insulation, refractory and ceramic industries. Results within both the HRMS materials trading business and its subsidiary DK Recycling und Roheisen are exceeding expectations…