HARGREAVES SERVICES PLC (HSP) — Capital Markets Day

Investor webinar replay

Replay transcript excerpt

It's great to see some familiar faces here, and I'd like to welcome in particular those new friends that we've got who are spending the time with us today. And not forgetting all the folks who are online, so thank you for making the effort to do that too. So the team are here today. What we're going to do is concentrate on two particular areas of our business, where we've got some new developments to run through with you, and where we feel strongly we can grow and develop shareholder value, which is what we're all about. So those of you who are familiar with the group will not need a reminder that we're organized effectively into three really clear pillars. We have a services business. We have a land business, and we're deliberately not talking about the land business today. We have no particular surprises there. The land business continues to develop positively. And then we've got the HRMS business, which is our activity in Germany, where we do have some new news. So this structure has been in place for a number of years and is really clear cut and is the basis on which we operate. We want to and will continue to grow the services business. We'll talk further about that through the accumulation of some high quality, robust contractual positions in our target markets. And we do have a little bit of a tailwind in that area, which we'll talk to. As I've said, the land business is in good shape. And the game plan there over a period of time is to realize capital from that land portfolio, including, and we've recently announced one disposal, the renewable energy land assets. The game plan in Germany is to maximize the returns from our German joint venture and create a valuable and there I say unique asset, more of that later. So we're making good progress on those three ...