The next focusIR Investor Webinar takes places on 14th May with guest speakers from 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.
Is this relevant to HSV ?
https://www.youtube.com/watch?v=JBB9bA-gXL4&feature=youtu.be
Continues it's nice steady rise, also IC tip of the week.
I'm not a fan of some of their methods to be honest, they increased my mother's premiums by 60%. When I told them I was going to cancel they agreed to leave the premium as it was.
Homeserve PLC HSV UBS Buy 1,142.50 (15 minutes ago)
1,088.00 (price when issued)
1,050.00 (previous target)
1,350.00 (new target)
Upgrades
Good luck from non-holder.
Target
A whole page profile on Homeserve and the guy who runs it. Seems that the N. American side of the business is now greater than the UK. Hopefully, the business will avoid any further horrendous fines. It looks as if there is the prospect of getting future growth from the States. However, have taken profits a couple of times and reduced the buying cost to almost nil.
The SP has grown from 420 to 1100 in less than 3 years, and there looks to be no end in sight.
Share price up due to the following. (IMHO) * Analysts at UBS upgrade the stock to "buy" from "neutral", raise PT to 930 pence from 890 pence on expectation that international expansion will hit targets early and reassuring UK earnings * Customer numbers could potentially double within 5yrs and new home improvement 'platform' holds significant potential, UBS analysts say * Stifel, which says HSV remains one of its top picks in the sector, said it continue to see a significant growth trajectory in the US, with the UK and Mainland Europe providing a stable base * Stifel says it expect good progress when HomeServe report prelims on Tuesday, adding that HomeServe as ideally placed to drive further profitable growth as market leader in the nascent home assistance market. Results on the 22nd of this month, looking very good for Homeserve.
Sure there must be some reason, I've no idea idea why though. Strange.
skill58 Something must have triggered a 9.25% rise in the price, please what do you think the reason is/ Thanks.
Thanks JohL, UBS sure makes a difference, now up 9.43%. Please do you happen to know what their present target price is? Thanks again.
I doubt the upgrade by UBS would raise the price by 9%
Storm, this is what is causing the jump....Leading the FTSE 250 gainers was Homeserve, rising 7.9% after UBS raised the home repairs business to Buy from Neutral.
Nice jump today. Now 817.50 up 59.50 (7.85%) Since there is no announcement perhaps there has been a 'buy' note or recommendation somewhere. Please has anyone seen it?
forgetting one thing = Thrump is alabout nationalism AMERICA FIRST so as in all thing British it will fail in the USA Yanks are not going to allow something British to succeed
HMS Homeserve, Broker Cazenove go....... <b>CAZ Summary.</b> HomeServe has delivered 22% growth in adjusted operating profit in FY17, towards the top end of the consensus range and 1% above our estimate. Though boosted by an FX benefit on translation, underlying organic growth was strong, reflecting the increasing traction of HomeServe’s business in North America, as well as solid growth in other markets. We increase our estimate for FY18 operating profit by 1% to £132.4 million. <b>HomeServe described FY17 as a 'transformational year' for its business in North America. The acquisition of USP accelerated the growth in operating profit (+50%) and customer numbers, which were up 28%, passing 3 million.</b> Organic growth was also an important factor. HomeServe is now at 50 million affinity partner households, in our opinion well on the path to achieve its target of 80 million in due course.
HomeServe shares surge 12 per cent as profits are boosted by American expansion http://www.cityam.com/265236/homeserve-shares-surge-12-per-cent-profits-boosted-american
Comment from TMF........... Positive reaction Shares in home emergency, repair and installation services provider, Homeserve (LSE: HSV) have also shown great momentum over the last year. Priced at 463p exactly one year ago, they changed hands for 700p before today — a corking 51% rise. In the 2016/17 financial year, the Walsall-based business recorded a 24% increase in revenue to £785m and pre-tax profits of £98.3m — a climb of 19% on the previous year’s figure. Growth overseas was particularly impressive with record performance achieved in North America. Over the last year, the company has managed to pass the 3m customer milestone, sign up 100 new partners and increase adjusted operating profit by 75% to just over £21m. Customer numbers in France and Spain also rose, by 4% and 7% respectively. <b>Looking to the future, the £2.2bn cap is expected to post earnings per share growth of 18% next year, leaving the stocks on a P/E of 23. That’s pretty rich by most investors’ standards. Nevertheless, with such superb numbers being revealed today, I think this can be justified. Judging by the 12% jump in its share price this morning, the market would seem to agree.</b>
Broker Forecast - Peel Hunt issues a broker note on Homeserve PLC Peel Hunt today reaffirms its add investment rating on Homeserve PLC (LON:HSV) and raised its price target to 750p (from 650p).
We think it is legitimate to view HomeServe as a scalable platform, capable of exceptional growth. SoTP gives a fair value of 760p. BUY.
Broker Liberum...... We maintain our estimates for FY 18, having outlined our rationale in detail in our note released in April. We continue to expect PBT of £136m, an increase of 21% on FY 17, and we continue to expect FD EPS of 31.4p with a usual H2 weighting of c.70%. We assume that net capex falls from £66m in FY 17 to c. £25m in FY 18. We continue to expect that net debt decreases each year to the end of our forecasting horizon assuming no further acquisitions and expect net debt / EBITDA to fall from 1.9x in FY 17 to 0.7x in FY 20. We believe there continues to be plenty of headroom given HomeServe’s strong cash generation, and c .£400m of facilities including a £300m RCF committed to 2019, a €50m term loan for re-payment by 2020, and £50m of private placement funding due for repayment in 2022. We do not expect any impact from the increase in IPT (increasing from 10% currently to 12% from 1st June) and the company sees it as a straight pass-through to customers. We see a CY 17 P/E of 23.4x falling to 20.8x in CY 18 as a relatively high multiple, but TSR will come from growth, yield and occasional specials or earnings enhancing deals. We think it is legitimate to view HomeServe as a scalable platform, capable of exceptional growth. SoTP gives a fair value of 760p. BUY.
What a fantastic year for Homeserve. 100% gain on investment in little over a year. Good times.
BUZZ-HomeServe: hits record high on results beat<.FTMC><HSV.L> 23-05-2017 08:27 * British repair and insurance firm HomeServe <HSV.L> up nearly 10 pct to a record high after FY results beat * Revs +124% to £785m (vs Liberum £744m) and underlying FD EPS increased 22% to 26.5p (vs Liberum 25.9p) [nFWN1IP00X] * FY17F EPS 2% ahead, driven by a slightly lower tax rate, Jefferies writes * Co sells cover for household emergencies such as boiler breakdowns and burst water pipes * Best day since April, when co forecasts FY adj PBT at upper end of market consensus of £105m to £112m (reports £112.4m) [nL3N1HE2E4] * Co has ambitions to expand in one new country/yr & CEO says prospecting on multiple fronts currently * >40% 30-day daily avg vol through in 25 mins of trade * Stock outperforming midcap index YTD (esha.vaish.thomsonreuters.com@reuters.net, esha.vaish@thomsonreuters.com)
HSV homeserve............ Outlook All our businesses are performing well and have good prospects. Looking ahead, we expect further strong growth in FY18, principally driven by our rapidly-expanding business in North America. This reflects the increase in customer numbers, combined with the benefit of the USP acquisition, which we expect to deliver around $15m EBITDA this coming year. We are excited about the future for all of our businesses. We have a strong platform for growth over the years ahead and our strategic focus on home assistance, repairs and improvements will enable us to meet the needs of a wide range of customers.