The market is not in a forgiving mood at this time......

Sold fuel supplier and logistics company Hargreaves Services (AIM: HSP) made a trading statement today in which it revealed two things

http://www.investegate.co.uk/Article.aspx?id=201205280700181...

The Group's performance for the current year will be in line with management's expectations.

Unprecedented geological conditions at the Groups Maltby open cast coal mine will delay production in 2012/13, knocking £12m - £16m off profits for next year.

The share price is down 30% knocking £85 million off market capitalisation. Hargreaves now trades on a prospective P/E for the current year of 6.1