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EHR European Home

22.00
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
European Home Retail Investors - EHR

European Home Retail Investors - EHR

Share Name Share Symbol Market Stock Type
European Home EHR London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 22.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
22.00 22.00
more quote information »

Top Investor Posts

Top Posts
Posted at 22/9/2006 18:24 by earthian
At the risk of talking to myself on here ;)

Just to let anyone with an interest in what might be going on know, I have sent an email to investor relations at EHR today.

...maybe if others do the same they might be shamed into updating us...?
Posted at 26/7/2006 12:26 by skintvestor
Looks like investors are still picking their bottoms!
Posted at 13/7/2006 23:55 by the analyst
Well, it's not a pleasant thought, but yes, the debt warning could be serious. Obviously banks have not been forthcoming with the funds or there would have been a pretty quick announcement to ease the investors minds.

Until they secure the financing they are only worth net assets minus debt. I don't know how much that is currently - any thoughts?
Posted at 13/7/2006 13:31 by the analyst
I'm not sure about price targets, but I agree it's not looking good Tonyx.

Every day without news of funding is bad news and every drop in share price means that the terms of funding are likely to be getting worse and worse for investors. The other possibility is that they do not get the funding and have to close or sell-off parts of the company.

Investors here really need some news.
Posted at 19/5/2006 03:14 by bird of dawning
OK....so whats your point? Is my positive criticism of the Kleeneze networking opportunity promotional policy, an invitation to bring in the political `heavy hitters'!? Of course direct selling is a big part of our domestic market.

As to the merit of EHR as a value investment, well, their net profit of around 1.5% is back in the black and the operating profit is reasonable at 3.8%. However, please note that they seem to be permanently saddled with negative working capital (i.e. they're strapped for cash). The total amount of negative working capital is around 50% greater than their total market capitalisation.......oh what! Furthermore they also have not NAV......but NLV!

Perhaps Tony Blair should be brought back in to woo new investors at the next annual general meeting!....I'm confident he'll do a great pitch! Though he might also want to bring Gordon Brown with him, to benefit from his renowned forensic skills, to polish up the EHR balance sheet (and reassure the electorate?!).

As an ex Kleeneze mlm'er, I'm very aware that they have a great rapport with the UK public, but its time to adapt. Their catalogue customers are clearly their greatest resource, why not get them on board as distributors too? Now that the majority of homes in the UK have a computer that catalogue should be on it 100%.
Regards
bod
Posted at 16/5/2006 07:26 by fusebox
PP misled investors on a dividend on INX and withdrew a lengthy note after the share price slipped badly.
Posted at 16/5/2006 07:25 by fusebox
This is what pp says about all the shares he ramps.

The fact is investors have suffered huge losses in paticular on FWY and INX.
Posted at 15/5/2006 18:49 by paulypilot
She-ra,

You said ...

You say everything has its price but you thought that when Invox had a mkt cap of more than £55million where it now stands at £7.2 million unloved and in trouble.

Yes that's perfectly true. So what ? As an investor, I get some investments right, and others wrong. The same is true of ALL investors.
Invox was clearly one I got wrong, it happens.


"it's not difficult to see these shares being a 4 or 5 bagger if management get it right."
I love the way you dangle a carrot to the naive.Im sure you said the same with Invox.

Ridiculous !! Again you assign some sort of imaginary motive to me, which exists only in your head. Can you not understand that I'm just expressing my opinions on a share, that's all.


I wish you would add a caveat that if it doesnt (and it may not be its fault if it cant-i.e world economic slump,even China's looking wobbly) sort the problems out then this company could go to the wall.

Why should I have to add any sort of caveat ? People can read the accounts, and make their own minds up. You talk as if investors are mindless lemmings, unable to make up their own minds on the merits of a particular share.
You should have a bit more faith in your fellow investors, people are a lot more savvy than you seem to believe.


Of course EHR is vulnerable to an economic downturn, as all companies are. In terms of its direct selling model, it could be argued that EHR is actually much more recession-proof than a bricks & mortar retailer (whose cost base is largely fixed, mainly rent+rates, plus semi-fixed wages costs).
I used to be a retail FD, so understand this point better than most.

EHR on the other hand has no such fixed cost base, as it operates through door-to-door agents, paid on commission.

Personally I'm not that convinced about the long-term future of door-to-door selling - it's an outdated concept - people much prefer to buy things all in one go at Tesco/Asda.

Naturally, if trading at EHR went badly wrong (which it has NOT done as yet, as far as we know), and the company racked up large losses, then yes I agree that there is nothing in the way of downside protection from the Balance Sheet.
So in that scenario, you are perfectly correct to state that EHR could be vulnerable to going under. On the other hand, it could dispose of parts of the group to repay debt. The obvious route would be to IPO Kitbag.com and IWOOT.

Both websites seem to be performing very well. The trading update mentioned Kitbag not being able to cope with demand at Xmas (from memory), which is a pretty good problem to have.

To my mind, investing in these shares is not about pretending that this is a great company with great prospects. It's actually about weighing up the bad news, factoring in the possibility of more bad news, and then looking at what the upside might be if trading improves (and there were some positive signals in the last set of accounts).

For me, at £24m mkt cap, the upside potential outweighs the downside risk. Clearly you disagree, that's what makes a market !! (and a bulletin board)

Paul.
Posted at 15/5/2006 16:55 by paulypilot
She-ra. I've held 7% of IndigoVision since 2004. I'll leave you to do the sums.

And can you please stop personalising everything. This board is here to discuss EHR, not my personal finances ! But if you sling (misinformed) mud at me, I'll sling it straight back at you mate.

As for EHR, there is nothing whatsoever to suggest that it might go bust. Sure the Balance Sheet is fairly weak, but that only presents a problem if a company is loss-making, which this isn't.
The current market cap is probably less than Kitbag.com & Iwoot.com are worth alone, with the rest of the business thrown in for free.

The interesting thing with EHR is that the factors which caused the deterioration in profitability (e.g. trading losses at the Ezee TV) have already been dealt with, but will drop out into future results. So looking ahead, there is a perfectly sensible rationale for expecting a turnaround in profits. It may or may not happen, we'll just have to wait & see.

Equally, the downside is that management might screw things up again & issue another profits warning. That's the call that we have to make as investors. I just think the current mkt cap is sufficiently low to make the risk worth taking, as there's considerable upside if profitability recovers.
But there's no guarantee that profitability will recover, of course.
Posted at 07/12/2005 12:41 by pre
Fall looks way overdone - expect this to come back as investors digest the results. Some decent buys reported.

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