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Am I the only one wondering what's happening here. A lot of volume, NMS is 6000 which would suggest that MM's are not flush with stock yet there are a lot more buyers than sellers. Has some one got the inside track here and is picking up cheaply????
Apparently the take over chatter will not abate.... smoke and fire perhaps.
Can this be a MBO? Invesco plus the board seem to own a hefty wedge of stock, surely a bid would have have them on their side. Given profits are on track and the overseas / USA business is strong would it not make sense to take in private and dispense with the pesky restrictions that FTSE companies have with extra regulation...
Any news on the fsa investigation which was going on about homeserve over sales? Thanks
N + 1 Brewin upgrades Homeserve from hold to add.
Homeserve (HSV) is still a "hold" in the eyes of Seymour Pierce, the broker commenting that trading at the home insurance and emergency repair business remains in line with expectations with customer number and retention targets on track. The shares trade on a prospective 2013 earnings multiple of 7.6 times, a fair valuation the broker believes considering continued investigations by the Financial Services Authority amid the mis-selling of policies. This investigation is also the reason why Seymour Pierce has played down the rumour that the company is being preyed upon by a private equity firm
ubs playing hard at 1.70 T P
my 2 quid call by oct 12 is an early riser = happy to post nearly over the line. in at 1.51p gla
International Businesses Our established international businesses in USA, France and Spain continue to grow their customer and policy numbers. Our USA business has expanded its marketing activity, with new campaigns started with EPCOR and Water One. We have also increased our number of marketable households with the signing of an affinity partner agreement with Alameda County Water District, a municipal water utility, which serves 80,000 households in California. Retention in our USA business remains high with the rate at the end of June remaining in line with 31 March 2012. Doméo, our established business in France, has maintained a high retention rate of around 87% and with continued growth in income per customer. Our test marketing in Italy with Enel is ongoing and we have also started our test activity with BS Energy in Germany. Financial Position HomeServe's financial position remains strong with net debt at 30 June 2012 of £61m, providing significant headroom against our committed facility of £250m.
UK We are making progress in simplifying and refocusing the business and remain on track to achieve our full year customer number and retention targets. Our affinity partners remain supportive and we are continuing to implement our marketing plans as well as reviewing and developing new customer propositions which we will be testing through the second half of the year. The Financial Services Authority's investigation into our past issues has started and, as we said in May 2012, will take a number of months to complete. We are making good progress in implementing our business improvement initiatives, including strengthening the UK Board with the appointment of David Bennett as Non-Executive Chairman of HomeServe Membership Limited. David has significant experience of working in the regulated financial services sector having held a number of senior executive positions including Group Chief Executive of Alliance & Leicester plc and an Executive Director of Abbey plc.
Interim Management Statement HomeServe plc, the international home emergency business, today publishes its Interim Management Statement for the period 1 April 2012 to 20 July 2012. This statement coincides with the company's Annual General Meeting which takes place today. HomeServe continues to grow its international businesses and in the UK is making progress in simplifying and refocusing the business. As in previous years, our trading will be weighted towards the second half of the financial year reflecting the seasonality of our marketing activity and associated renewals profile. We will, as usual, provide a trading update on our performance in the first six months of our financial year before we enter the close period at the end of September 2012.
http://www.investegate.co.uk/Article.aspx?id=201207200700041007I
UBS cuts target from 220p to 170p, neutral rating kept.
The Board of HomeServe plc ("HomeServe" or the "Company") notes the recent press reports. HomeServe wishes to clarify that it has not, nor is currently, engaged in any discussions which could lead to a possible offer for the Company.
This will rocket once Invesco have finished accumalating
Back in for what they sold and abit more, im confident this will be 2.50 by xmas.
In theory the dividend may be written into the price of the stock and the stock price may fall by the amount of the dividend once it goes "ex". As for the small buys and sells there can be a multitude of reasons , brokers and market makers balancing books or small holders getting rid of small pointless holdings or rounding off holdings to who knows. Hope that helps.
Why does anybody buy just a few pounds worth of shares..how to make money on that ??
Why do people sell their shares just days away from the EX DIVI date ?? From a beginer
There is a lot of volume and most of it reported out of hours, big trades either the MM's are trying to flush out the short termists by bumping the price or these are big buyers forcing up the price due to shortage of stock - its not the most liquid of stock at best of times. Big buys at cheap price...something is occurring.
and yes they have dropped some clangers , but not enough to take sp down here for years.
been a big purchase out of hours 218k some one believes in something here, overall volume decent too and twice the buyers to sellers
See its on the up, glad I'm in
If HSV keeps its profits as they were and the US side keeps on expanding , they now have coverage in 42 of the 50 states surely some big buyers are going to step in for the yield alone. This has got to move north soon irrespective of the FSA being involved. Ofcom may have sent a message with the recent fine to all of the other nuisance callers and FSA may add a little to this but I cant see how this will permanently damage their UK operations and will make them focus hard for the other institutional investors - Invesco for one will want a big improvement...
of the expert analysts.