HARGREAVES SERVICES (AIM:HSP) attractive IHT planning stock or value trap?
Continuing revenue was up 3.1% to £869m, continuing underlying operating profit + 6.8% to £59.5m and continuing Diluted EPS +10.1% to 122.2p. The dividend was lifted 24% to 25p with analysts predicting that it will broadly stay at that level for the next few years.
Net debt reduced to £68.8m at year end (£77.9m prior year) with net gearing a seemingly manageable 45.9% (66%). As at 31 May 2014 interest cover was…
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