The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I'm expecting a HUGE drop in sp today.............do you think this will have the oppostite effect ;) It's just frustrating when we take one step forward and two back - but heyho thats investing for you!
Gringo, g3orge, with the best will in the world, i'm almost cynical enough to suggest that you two are a jinx. Everytime you post about a gain it disappears the next day....... :) On a serious note, I still see this as a hold, personally. Obviously the FSA case is still in the offing, but when that (eventually) clears up I expect this to head towards the promised land of £3+..... (fingers crossed) I admit i'm (like g3orge) lucky enough to have bought in at £1.40ish, and annoyed I didn't pile in with more than i did, but i'm sitting on a tidy profit regardless.
Don't understand why HSV has these big swings - 7% in two days...................???????????
There has to be something going on behind the scenes here. A 3.51% rise in a day on hardly any volume - I am sure someone must know something!
Again a nice klittle steady movement no boat rocking , just hope this keeps on going ... Rockhard are you still in or did you take your profit like a sensible investor would?
Gringo , I agree , No one went bust taking a profit... not legitimately anyway. It'd be nice to have some news from HSV over the weekend , or maybe a positive leak from the FSA or some news on overseas affinity partners just to give this a little more of a boost. Like you say institutions are happy to stay in this , so should we be. Mind you if this keeps going steady at this rate I will remain happy.
or was it 2 inches today? I think this is a good medium term hold, and there are several institutional investors who think likewise. Then again if you have a good profit perhaps its prudent to take it and move on...............
Rockhard , if you have a handsome profit there is no shame in taking it...personally I'm a bit more of a mid-term holder. I was in this when they were still part of South Staffordshire water and did OK with it., still wish I had not been scared to put all my eges in one basket when i bought in at 140p. I have countless stories where I have been too chicken to go heavily into something I believed in and when I am annoyed with pulling out too early....ask my ex-wives!!
seen this sell price 4-5 times since my investment in may = october was originally my exit month and 2.50 is why ive hesitated . ??
Happy to inch like today every day!
we're inching inching
we'll inch our way forwards but we will get there
every time I think we are getting somewhere we drop back the following day. Really think the sp should be higher than it is as well as a long term hold. But then everything else in my pf was down today...................GS
But I am pretty sure Mr King will have some ideas , I know it isn't a Kings ransom (no pun intended) what he has put it in but I think it says something when the board are buying in at the market price. Obviously they cannot deal in closed periods but he has jumped in pretty soon once he can buy. I make the assumption he has done so in order to buy as cheaply as possible , lets face it he wont be buying to post a loss I shouldn't think..... I am not aware of any new rumours but I did drag those broker reviews off the web which are rating it all a bit higher. I am seriously considering freeing up a bit of cash and following Mr King
No indication as to why the rise today - perhaps just a correction for the falls over the last couple of weeks. Unless the buyout rumours are re-surfacing?
Its always warming to see a board member put their own money in... Homeserve (LON: HSV)‘s stock had its “buy” rating reaffirmed by Liberum Capital Ltd in a research note issued on Tuesday. They currently have a $4.19 (260 GBX) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Homeserve in a research note to investors on Wednesday, September 26th. They now have a $4.19 price target on the stock. Homeserve opened at 216.28 on Tuesday. Homeserve has a 52-week low of GBX 136.10 and a 52-week high of GBX 487.80. The company’s market cap is £700.0 million. Homeserve plc is engaged in the provision of home emergency repairs. The Company operates in five segments: UK, USA, Domeo, Spain, and New Markets.
Homeserve Buy 28-Sep-12 £23,152.52 Jonathan King 10,921 @ 212.00p
I dont think HSV are looking for a buyer I think they already have one and they are just playing it down for the right time to announce - well thats what I think , I have no proof of course it all just seems a bit odd. I bet all the bad weather we have been having helps profits too....as for not announcinmg new affinity partners in the US maybe all that is being put back for the right time too. Solid results etc nothing too exciting but that in itself is quite exciting after the last 12 months
Net debt at the end of September is expected to be around £75m, up from £66.0m at the end of March, leaving "significant headroom against our committed facility of £250m". Jefferies Hoare Govett said it did not expect any change to the consensus earnings estimates following the trading update. "The lack of new affinity partner sign ups in the US is a disappointment while the on-going UK FSA investigation is a headache. We do not anticipate changes to consensus but the real test will come in 2H [second half] where 80% of profits are generated," the broker said.
UK operating profit is expected to be similar to the £25.8m seen at the interim stage last year, with lower revenue and the increased costs of improved governance and control being offset by reduced marketing activity and other efficiency savings. Jefferies Hoare Govett had predicted a UK operating profit of £18m. In the US, the group reckons that when the final numbers are in, customer and policy numbers at the end of September will both be around 20% higher than a year earlier. The retention rate remains at around 79%. However, the growth in customer numbers is being driven by increased marketing spend which is expected to result in higher revenues and an operating loss in the first half of the current financial year. In France, Doméo has maintained a high retention rate of around 87% and this, together with an increase in income per customer, is expected to result in a strong financial performance in the period. Customer and policy growth in the first half of the year is expected to be lower than in previous periods reflecting the timing and number of marketing campaigns undertaken. In Spain, Homeserve expects the number of customers and policies at the end of September 2012 to be over 35% higher compared to September 30th, 2011. "We expect the operating loss in Spain in the first half of the year to be lower than in the same period last year (HY12: £1.0m loss), reflecting both the growth in the membership business and improved operating efficiency in the claims handling operation," the company said. Elsewhere, the company continues to invest in marketing in Italy and is also dipping its toe into the German market.
HomeServe, the international home emergency business, has a reputation for being accident prone, but it comforted the market on Wednesday morning by reiterating its full-year guidance after a solid first half. The company, which is the subject of an ongoing investigation by the Financial Services Autority (FSA) over what the company described as 'certain historic issues', said adjusted profit before tax for the six months to the end of September is expected to be up on last year's interim result of £23.5m. In large part the improvement is down to the strong financial performance of Doméo, which is now wholly owned, whereas last year Homeserve only had a 49% stake. Though it did not give a precise number for half-year pre-tax profits, the fact that it will be higher than a year ago means it will have exceeded broker Peel Hunt's expectations; Jefferies Hoare Govett also said the results were ahead of its expectations. Despite the company doing better-than-expected in some quarters, there was no change to full-year guidance. As usual, the company's full-year results will be weighted to the second half. The first half typically only contributes about one-fifth of full-year profits. In the UK Homeserve is on track to achieve its full year customer number target of between 2.2m and 2.4m and a policy retention rate of around 80%. Customer numbers at the end of September 2012 are expected to be around 2.5m, down from 3.0m at the half-way point of the previous financial year, while the policy retention rate is expected to be around 78%.
Looking back at 2011 results there was a huge bias towards 2nd half of the year (winter i guess), although hard to work out how much aquisitions accounted for increases in t/o and apbt. Either way it does all seem a bit down played but if HSV were looking for a buyer surely they would big up the share price to max the sale. BTW I would be happy with your prediction ;-)
I still believe that this is all a bit of down play - there is a bit of HSV commentary in the papers and I still think it is being managed while a deal is being struck in the background. I am pretty sure the profits of HSV have always been weighted towards the latter half of the year - its a statement I have read before....hence it sounds a bit "same oldy" and therefore is to disguise something else ocurring.....oh god I now sound like a conspiracy theorist , paranoid and desparate. Anyway I still think these are worth £3...any one? any one at all?.... OK just me out here in the cold with my predictions.
In company news, first half profits from international home emergency business Homeserve will be higher than in the corresponding period of l ast year, and therefore higher than some broker estimates. Adjusted pre-tax profit for the six months ending September 30th is expected to be higher than the £23.5m achieved at the interim stage last year, principally due to the benefits of increasing ownership of Domeo from 49% to 100%. Broker Peel Hunt had forecast £20m.
I have come accross these large UT trades before and research shows the following (not sure I understand it but I am sure you will). To quote: The last trade at 16:35 is a "UT" uncrossing trade and can generally be ignored. For those of you who want to know how it is calculated: The Uncrossing Algorithm performs a series of passes within an individual market, matching the best bids and best offers present in the price time sequence. When all crossed volume has been matched, an Uncrossing Trade Price can be determined for the market. This price is found by applying one of the following calculations. The calculation used is determined by the presence of residual limit volume within that market following uncrossing. The four possible cases are: • There is no remaining bid or offer limit volume in the market Uncrossing Trade price = the average of the bid and offer price from the last match. • There is remaining limit offer volume but no limit bid volume in the market Uncrossing Trade Price = offer price from last match. • There is remaining limit bid volume but no limit offer volume in the market Uncrossing Trade Price = bid price from last match. • There is remaining limit offer and limit bid volume. To determine the Uncrossing Trade Price in this case: • Determine what the Best Offer Price is. Determine what the Bid Price is from the last match. Take the lowest of these. This is known as the ‘High Price’. • Determine what the Best Bid Price is. Determine what the Offer Price is from the last match. Take the highest of these. This is known as the ‘Low Price’. The Uncrossing Trade Price is the average of the ‘High Price’ and ‘Low Price’. If this value is halfway between two tick values the price allocated to all uncrossed business will be rounded towards zero (rounded down if the value is positive, rounded up if the value is negative). If no matches occur within a market there will be no Uncrossed Trade Price for that market.