Market's view on Hargreaves Serv
Published on April 2024
- Stock watchers are optimistic as the stock price aims for 600p, currently at 580p, indicating a positive momentum.
- There’s a preference among some stock watchers for a scrip dividend option, highlighting the impact of nominee accounts on dividend distributions.
- Stock watchers noted that the dividend payment was expected on 11 April, although some received it earlier which might have influenced recent buying activity.
- The rise in stock price is speculated to be connected to dividend reinvestment or potential positive developments with Tungsten West, which could significantly benefit the company if mining proceeds.
- Concerns were raised about a recent dip in stock price, with speculation surrounding the reasons, including potential actions by large stakeholders like Downing.
- There’s a general strategy among stock watchers to buy more shares, especially when prices are perceived as low, with some managing to buy below 500p.
- The forthcoming reduction in Bank of England interest rates is seen as likely to make the company’s 7% dividend yield even more attractive.
- Some stock watchers are new to investing in dividend-yielding shares, indicating a diversification of investor profiles engaging with the company.