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I was trying to make the point that press seems to be fairly positive about this. And maybe the strategic aim is to get rid of crappy emergency sections of the business and concentrate on generating something that creates revenue. Just because you had a personal bad experience does not make it a poor investment. Their expansion into the fragmented US market may prove to be a brilliant business plan.
Missed your point? Homserve is selling off its crappy emergancy serve. What has that got to do with that article that praises its warranty business?
IMO nobody will buy it for atleast 2-3 years and then they will decide to split it up and sell it individually, I:E plumbing, glazing, chemdry ect..... British Gas and the rest of them will fish around but why on earth would they buys such an unproffitable mammoth with such a poor reputation?
I've been following HSV for a while now, i am curious if anyone knows or can speculate on who will buy the Emergency Services part of Homeserve. I have heard rumours of Connaught and British Gas. Last year Norwich Union (Arriva) where interested in aquiring this part of the company but i do not think they are interested this time.. Any thoughts on the subject? Unfortunately i have heard nothing of a Reactfast buyout, but i can only imagine with the sale of the Emergency Services part of the company which confussed the city and the purchase of another warranty company will only be seen as a posititve in the eyes of the city, i would predict a rise in the share price.
rumour has it that they're about to buy reactfast, a maintenance warranty business based in birmingham - what will this do to their share price?
this company suck the big one IMO. they bought a company i worked for a few years ago and when i refused to join there master plan and resigned to work with a competitor they set there solicitors on me which was quite amusing and painless. The reason i left is that they seamed to have far to much soft backing which meant that they where allowed to fail too often and got bailed out and recruited these softly softly managers with no gut for a fight and no balls. When the aquisition of the company i worked for started to go wrong when all the senior amangement went to the major competitor the MD of Homeserve (who was well out of his depth as he was some sort of M&S regional manager before) got out of his pram and refused to deal with it so they moved him to plumming? which i guess was appropriate because i was the last one to jump ship and as god is my witness when i resigned and he called me on my mobile when he heard i swear he was crying (not 100% sure but it really sounded like it)
the rise today - whilst HSV have decided to sell this part of their business it includes their property repair division which frankly is underperforming and some existing insurance clients are pulling out - they own Chem Dry which earned good money last year following the 07 floods, is not expected to see this again (pending more floods of course) They heavily rely on cross selling to existing customers and whilst they have been successful to date there is only so many policies people will buy - it is new customer growth they need - at a time that people are cutting back on non essential maintenance policies. I'm still of the opinion this stock will retrace over the next 6 months - I have not yet opened my short (thankfully, after todays rise) but still intend to do so. GL
I still believe these are a growth stock. Richard Harpin was one of the founders of this company and he should know what parts of the business fit with the strategy of making it grow - a big customer base is what this company needs plus they are expanding in the US. Also what are RBS doing employing analysts?
The decision by home emergency insurance cover specialist Homeserve (LSE: HSV.L - news) to get shot of its UK Emergency ADVERTISEMENT Services division has been welcomed by analysts at Panmure Gordon and Royal Bank of Scotland (LSE: RBS.L - news) . Panmure Gordon analyst Andy Brown reckons the decision to exit the UK emergency services area will remove 'a key uncertainty behind the share price,' a view echoed by Jane Sparrow at Royal Bank of Scotland (RBS), who says the move 'simplifies the group going forward.' Against this, Sparrow notes that the company has spent a lot of money building this business and it will probably only receive a fraction of its investment back when it sells it,
Richard Harpin is more interested in the Policy side of the business i have been working with them for many years. I don't think this side of the business will be sold but i can't find out HSE has now grown as much as it is possible for the coming years and the insurance industry are been a lot more carefull on who they use. Ian Carlise was until Jan this year COO of this side of the business Look luck i'm really not sure about the shares!
Hiya, what stands out most to you there? I've fancied these for a while, based on consumers repairing rather than replacing when times are tough. That seems to have been factored in to the SP now though so may follow your lead
Just spoken to Homeserve PA HSE Is up for sale!
I will be shorting this stock longterm as I believe there are problems ahead http://www.guardian.co.uk/business/marketforceslive/2009/may/19/homeserve
that there is a good chance that Homeserve is putting part of business up for sale - am looking into more details but I will be watching this over next few days as I can see a drop on the way.
these are a must for a portfolio.
HSV should form part of a long term growth portfolio, they are FTSE100 stock in the making and if their US business grows nicely as it has been they will keep going up nice and steady
Rising still 1052-1056p live
your not the only one sam, just made some nice safe 15% profits with these, could of gone higher, but want to reduce stock before xmas and the possible new year sales on here.
Am I the only one making any profit on these ? just hit 1000 mark
Does anyone have any thoughts re this one - I was right to predict todays rise of 10% but still think there's some more to come tomorrow - I am hopeful of it hitting 1000, which would be another 5% approx. any views ?
Although the sp is 29% down today on the back of its interim results, I feel the focus on the 1% retention drop detracts from a pretty good set of results generally. I think these will bounce a little tomorrow (maybe 10-15%) definately worth a look IMO