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HMV Hmv Grp

1.10
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hmv Grp LSE:HMV London Ordinary Share GB0031575722 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.10 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.10 GBX

HMV (HMV) Latest News

Real-Time news about Hmv Grp (London Stock Exchange): 0 recent articles

HMV (HMV) Discussions and Chat

HMV Forums and Chat

Date Time Title Posts
22/9/201520:37HMV18,178
20/1/201321:33HMV-Music and Entertainment2,708
13/12/201208:14Only worth 0.75p on fundamentals...3
17/4/201220:14HMV WATERSTONE'S1
22/2/201210:34HMV...........The Educated Short..12p Target (Q3 2007)36

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HMV (HMV) Most Recent Trades

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HMV (HMV) Top Chat Posts

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Posted at 23/8/2015 10:07 by carbon man
We appear to be using Americans' Chapter 11 in this country. HMV short position still open around 8%. showing on short tracker. HIBU formerly Yellow Pages Blockbusters. Are holders of these companies being taken advange of? Most of the companies are using the same premises and trading well again.
Posted at 20/2/2013 18:55 by nolens volens
There were discrepancies in the holdings RNSes issued by hmv and the list of major shareholders appearing in subsequent shareholder circulars. As far as I could tell from the information on line issued by the FT, Mr. Mamut's Channel Trustees were not listed as a major shareholder in the recent past nor were many others. So I do wonder if shares were dumped over a 13 month period without proper disclosure in terms of the FSA's Disclosure and Transparency Regulations.

hmv had a director who is married to the Chairman of the FSA and the company could only act upon information supplied to it by the major shareholders but that doesn't account for apparent discrepancies in holdings RNSes and lists of major iis appearing in shareholder circulars.

The UK Listing Authority don't seem to encourage complaints about potential breaches of regulations. In many cases, complainants are not even notifed of the outcome of their investigations and I cannot understand the logic in that though I do appreciate that the process involved in carrying out the investigations may require to be kept confidential. In any case, I think we need to see more action and a small fine imposed on a former Chairman of Morrisons in recent years is not enough to set my mind at rest but I wonder what the politicians think.

Suffice to say, I will not be lining the pockets of OpCapita or Hilco or Amazon in the future. Feel sorry for hmv's passionate staff but a lot of them weren't half as passionate as some of hmv's ordinary share holders or they would have done what Game's staff did and joined these anonymous discussion bbs in spite of any orders they had received from Fox and the now redundant Mr. Moore.

A 90 odd year heritage down the drain and a massive blow for the creative industries in this country and who's going to shop in hmv now whether or not Elton does a few free gigs? They might have honoured Christmas gift cards after a stushie but the loyalty points scheme and redemption has been suspended and on line is off line so who would return to that. For me it's like thorntons - my nearest extant branch moves further and further away. hmv RIP.
Posted at 20/2/2013 16:49 by nolens volens
HMV to close another 37 stores including Lancaster (which I gather had a good vinyl section) and East Kilbride which had a nice selection of local confectionery in addition to the 66 closures already announced. and these lists probably don't mention that hmv Perth closed too recently.

Mind you who's to say some stores will not reopen. Noticed on this bb that a poster, jim clark, was saying that hmv Ocean Terminal looked busy before Christmas and I said that might have been because the Game shop there had closed last year when Game went into admin. Paid a visit to Ocean Terminal last week and spotted that Game had reopened there though not sure when exactly and hmv a few doors away had closing down signs up. No closing down signs at Waterstones a few doors along but then Mr. Mamut did pay a lot less for Waterstones than hmv paid for it. Anybody know if Mr. Mamut sold his hmv shares? Lloyds (main lender to hmv pre- admin) subsidiary got many of the Live venues for not much more than hmv paid to refurbish one viz. the Manchester Ritz and didn't even hand over half the monies at the time of taking them off hmv's hands and Hilco who have bought the debt and who might buy the surviving UK stores got hmv canada for a couple of million. I suppose we can add these to the list of reasons (including Corporation Tax and LVCR and Amazon , supermarkets and legal and illegal downloads) why hmv stopped becoming a profitable company which was paying a healthy dividend only two years ago. And we'll never really know whether techy sales would have gone from strength to strength, Amazon would have come under the cosh from the abolition of LVCR and the Public Accounts Committee's scrutiny of their Corp Tax evasion and the demise of Blockbuster and Comet and partial demise of Game and play.com would have helped hmv plc. Still Sir Elton to play some in store gigs - but could he not just have bought the chain if he really wanted to help

If the poster on lse theonesamurai is reading this - just want to say that I visited Avalanche Records in Grassmarket recently - aimed at a totally different market to hmv imo. Think they were selling what looked like second hand clothes. LOL Noticed TB is being accused of being an employee at his new share chat bb home but I reckon he's a freelance pr person not tied to any one company.
Posted at 24/1/2013 09:34 by loganair
Jessops brand buy-out: Camera shops in HMV stores?

Talks are underway to discuss the possibility of opening Jessops-branded outlets in HMV music stores. Hilco is now the most likely of all the prospective buyers to take over the Jessops brand.

HMV chief executive Trevor Moore was a former boss of Jessops. Moore left the camera chain last year.

Hilco is only expected to want about half of HMV's stores and so the property consultants CBRE and Savills have been brought in to help offload potentially unwanted sites. They are expected to examine offers for the stores in 10 days' time.



Supermarkets are looking at snapping up HMV outlets to boost their convenience store chains.

Morrisons is thought to be interested in up to 20 sites to boost its M Local chain.

Morrisons has 12 convenience stores at the moment and wants to open at least 50 more this year as it races to catch up with rivals. It is also rumoured to be looking at Blockbuster stores after the retailer went into administration last week. Morrisons admitted that a lack of smaller stores contributed to its poor Christmas performance compared with rivals.

Tesco and Sainsbury's, which already have significant convenience-store chains, are also thought to be looking at HMV sites.

Other retailers thought to be interested in HMV stores include New Look, JD Sports and J Crew, the US retailer which has been looking for a London flagship. Game Retail, which was bought out of administration last year by Comet's former owners, OpCapita, is interested in buying 45 stores.
Posted at 23/1/2013 10:30 by loganair
Following reports yesterday that Hilco has acquired the debt of collapsed entertainment retailer HMV, Chris Moody, creative director at global brand and innovation agency Wolff Olins, shares his thoughts on what HMV needs to do next to thrive again.

The news on Sunday that a group of music and film companies were looking to come together to save HMV by discounting products to sell in store is a cause for concern. The music and the film industries are even more broken than retail.

Don't forget that music and film are exactly the same industries that didn't come up with disruptive innovations like Amazon and Spotify. This move has the potential to perpetuate a broken business model for HMV. But now that Hilco has acquired HMV's debt, which effectively gives Hilco control of the retailer, what can it do to begin to change the game.

HMV has spent the last few years making its high street presence mini identikit versions of an Amazon warehouse, each one stocking the same anodyne guff I can buy cheaper online – I'm only likely to go in if I know what I want. There's a parallel in the world of fast food or fast fashion: the Byron hamburger chain sell patties all over London but no two restaurants are the same because no two sites are the same, Topshop has different stock in every store. What if HMV in Hackney had exclusives that HMV Kings Road didn't?

HMV has some iconic retail locations, but there is no reason to meet your mate in the once brilliant Oxford Street store. Taking its cue from unique cinema chains like Ritzy, HMV could stop acting like a supermarket and became a destination again. A place you want to hang out in and experience the passionate, exciting and escapist world of music that shaped young identities and returns spirit to old ones. In-store gigs, record label take-overs, second-hand sellers, boutique concessions. Give His Masters Voice some personality again.

Starbucks match its stores to its locations. They're places where people hang out and meet others. And while some of HMV's current stores might be the wrong size, there is still a place for various sizes and shapes of HMV stores up and down the country.

And even better if they're staffed by passionate experts, like the wine lovers at Majestic. People that live and breathe the product, where a conversation with someone in store always leads you to walking away with more great discoveries. Celebrate difference and discovery. Amazon proudly claims to never have accidents but I have discovered some my favourite bands by accident, HMV can be the place where I do that again.

Finally, embrace digital. Not as a competitor to the retail store, but something that works alongside it that gives people more of what they want. Just like our music tastes are a mixed bag of obscure artists and guilty pleasures, so too are our listening habits including Spotify, vinyl, iTunes and good-old radio. We're listening to more music than ever before. HMV can be one of the brands at the very top of the tree that helps people get more into music and become fans. Real fans feel music and will follow it everywhere. And that's a powerful place to build a brand.
Posted at 20/1/2013 15:06 by valedo
Music giants rush to save HMV (Times)


Hollywood is teaming up with record labels to save the specialist retailer - and keep Amazon and iTunes at bay

THE world's biggest music labels and film studios are assembling a multimillion-pound rescue package to prevent HMV from going out of business.

Universal Music, Warner Music and Sony are set to cut the price of CDs and DVDs, and give the retailer generous credit terms. Film giants, including 20th Century Fox, Universal Studios and Warner Bros, are also expected to throw their weight behind the rescue attempt.

Industry sources said the entertainment giants were desperate to keep alive a specialist retailer to avoid cut-throat pricing by supermarkets and internet distributors.

"They don't want their only choice to be Tesco or Amazon," one source said. Despite its struggles, HMV still accounts for one-fifth of the British music and DVD market.

The industry consortium is understood to favour a bid by Hilco, an investor that specialises in struggling retailers.

Hilco is best known in Britain for salvaging Habitat. Last year it bought HMV's Canadian arm. "They will put their weight behind anyone who has a viable plan, but Hilco has a head start," one source close to the talks said.

Last week HMV became one of the biggest high street casualties since the financial crisis began when it collapsed into administration. It has about 4,350 staff, mostly in its 220 stores in the UK and Ireland, and a handful of shops abroad, including sites in Hong Kong and Singapore.

Administrators from Deloitte were called in on Monday after poor Christmas trading. HMV's demise came during a miserable few days for retailers in which Jessops, the camera specialist, and Blockbuster, the DVD rental company, also went under.

Deloitte is now seeking investors willing to save the 92-year-old chain, whose slow unravelling was caused by its failure to keep up with fierce competition from the internet and supermarkets. Several interested parties have already come forward but only a few are being taken seriously. Retail experts think HMV has a future if it can shed its debts and half its stores.

A new owner will need the continued support of HMV's suppliers, which fought to keep it out of administration. Last year they relaxed payment terms in return for a small parcel of shares, and in the crucial trading period before Christmas they provided help worth tens of millions of pounds.

Among the lifelines under consideration is a further extension to HMV's credit lines, with some suppliers considering slashing prices, sources said. If HMV were allowed to go under, the big labels would cede even more power to Amazon and to Apple, whose iTunes store now dominates the music industry.

The stakes are even greater for Universal Music. It inherited the liability for the rent on 16 HMV stores when it took over EMI, the record label, last year. EMI was one of the investors that floated HMV in 2002. Universal could face a rental bill of millions of pounds if the stores are left vacant.

The administrators are convinced HMV can be rescued. "We're confident a deal could be announced soon," a source close to the company said.

Administrators to Blockbuster also hope to find a buyer for the rental business despite the closure of 129 stores yesterday with the loss of 760 jobs. These closures were in addition to 31 that had been announced earlier. Retail analysts are sceptical about the chain's future.
Posted at 18/1/2013 14:28 by nolens volens
Graham 2405 aka illbetabuck on interactive investor aka illbetabuck on lse

But the failure of Game in March with the closure of 300 or so stores and the closure of its flagship Oxford Street store in September along with the Hammersmith Apollo disposal monies probably did assist hmv to keep going as long as it did.

I don't claim to be an investment genius but you're not one either. The one thing montyhedge said on here that was right is that you were sitting on the fence here and didn't declare any position short or long. You post on three maybe more websites and I have seen no evidence on any of them that you have selected any stocks that have gone well for you. Before and since selling hmv, I have gone into a few stocks which have done rather nicely. Check it out on lse.

You were saying that hmv would go bust before July 2011, January 2012 and numerous other dates. The chances are that you would eventually have selected the right date. It didn't go bust though till 2013. I didn't think it would whilst it still had waterstones and then the Live venues to dispose of and the suppliers probably weighed that up and decided to back them fully at the start of last year. I took the right decision for ME here to reach breakeven and eventual profit with these shares as I made up a lot of lost ground during the numerous double digit percentage rises - remember it went up 50% in 24 hours in June 2011. I came home late on the afternoon of Friday 20th January 2012 to find the shares up over 200% and I sold the majority I had then and another smaller batch on the Monday. You might say that it was silly of me to buy other tranches thereafter but they weren't an investment and I traded them on spikes which hmv had in February, March, May, June, Ausust, September, October and December last year. After reading the rns in December with the interim results, I decided not to buy any more hmv shares unless and until there was some good news in the way of a positive Christmas trading statement or some fresh supplier initiatives or banking agreements.

Don't come on here preaching to me. As I said to you on lse everybody and their granny knew that hmv and the other retailers you have posted about were in serious trouble in their final weeks. You showed no particular expertise in predicting the outcome that many people in the country had foreseen. The only skill you have demonstrated is that you would make a good undertaker chasing an ambulance with its sirens on. I still laugh at how late you arrived on the Mouchel bb on lse. Now please ply your tacky trade without addressing any further posts to me.
Posted at 14/1/2013 20:31 by p o n a
January 14, 2013 7:54 pm

HMV set to go into administration

By Andrea Felsted and Robert Budden

HMV is poised to go into administration as early as Tuesday, after suppliers refused a request for a £300m lifeline for the struggling retailer.

Deloitte, which has been advising HMV's lending banks, is being lined up as administrator to the chain, putting 4,000 jobs at risk.

The expected administration continues the grim start to the new year for the high street, following the collapse of Jessops, the camera retailer, which closed on Friday, with the loss of 1,400 jobs.

Late last week, HMV asked its suppliers, which include music labels, game makers and film companies, for around £300m in additional financing to pay off its bank debt and fund an overhaul of the company's business model.

But the proposal has been turned down, raising fears that the company will be forced into administration.

A year ago, suppliers stepped in to support HMV, taking a 5 per cent equity stake in the company to secure its position as the UK's leading entertainment retailer.

The closure of HMV could strike a damaging blow to the UK retail market for video games, CDs and DVDs. According to Verdict, HMV's share of the combined music and video market, defined as physical and downloaded products bought on and offline, was 22.2 per cent in 2012.

HMV's market share and its sales peaked in 2009, following the closure of Woolworths in 2008. Its market share remained steady for the following few years, despite falling sales, as other competitors such as Zavvi fell by the wayside.

HMV warned last month that it was poised to breach its banking covenants, sending its shares down 40 per cent on the day, and putting the future of the entertainment retailer under threat.

The company looked at options, including a Company Voluntary arrangement - a deal with creditors to prevent administration - to shed part of its store base.

Deloitte has been acting for HMV's lending banks, Royal Bank of Scotland and Lloyds. KPMG has been acting for the company.

Concerns about the future of HMV have intensified in recent days, after the company launched a big promotional sale at the weekend.

HMV's trade has deteriorated over the past year. The company said in December it was facing a "probable covenant breach at the end of January 2013" and blamed poor sales in the run-up to the crucial Christmas trading period.

Trevor Moore, chief executive of HMV, is the former chief executive of Jessops, while non-executive director David Adams, is the former chairman of Jessops.
Posted at 14/1/2013 14:45 by totally banjo
Apollo Said to Rule Out HMV Bid After Buying Passive Debt Stake
By Sarah Shannon on January 14, 2013

Apollo Global Management LLC (APO) will remain a passive investor in HMV Group Plc (HMV) after acquiring a stake in the U.K. retailer's bank debt, according to two people familiar with the matter.

The asset-management firm has no plans to make an offer for the seller of CDs and DVDs, according to the people, who declined to be identified because the matter is private. The Sunday Times reported on Jan. 6 that New York-based Apollo was considering a takeover of HMV, which last month said it will probably breach debt covenants in 2013 amid continued losses.

Apollo acquired the stake of about 6 percent in HMV's bank debt about two weeks ago, the people said. Neither HMV nor Apollo would comment on the price paid.

The holding is too small to influence any planned restructuring of the business, they said. Lloyds Banking Group Plc (LLOY) and Royal Bank of Scotland Group Plc (RBS) are the lead banks and will lead any restructuring discussions, the people said.

A spokesman for HMV declined to comment. HMV shares have fallen 41 percent this year, adding to last year's 44 percent slump and reducing the company's market value to 4.9 million pounds ($7.9 million). The retailer last month reported a first- half net loss of 36.2 million pounds and on Jan. 12 started selling CDs, DVDs, box sets and games at a 25 percent discount. Its net debt was 176.1 million pounds as of Oct. 27.

Apollo is the smallest stakeholder in the bank debt and has no plans to make additional purchases, the people said.

The asset-management firm in December agreed to buy U.K. luxury jewelry retailer Aurum Holdings, which includes Watches of Switzerland, Mappin & Webb and the Goldsmiths brands.
Posted at 14/1/2013 10:20 by jimrclark
No matter how black it looks, as with some shares that have gone before, e.g. JJB, the hint of any rescue deal will see the share price rise. OK, it may eventually collapse but the share price will shift about before then.

You only have to look at what happened to HMV this time last year. I'm pretty sure that there were a few doomsayers heralding its demise a year ago. I'm not convinced that the shutters are coming down imminently. I think that it is highly unusual to publicly announce that covenants will be breached and to have a month long 25% sale. Could be acts of desperation or it could be some cunning plan... ok, they're acts of desperation.

Nevertheless, I reckon that there is some fight left in this share, at least for a couple of weeks. aimho

PS Would I not be right in saying that if you borrowed a stock to short and it is suspended, you still have to make good your debt? I think with JJB, some of the last gasp rallies were punters closing their short positions.
HMV share price data is direct from the London Stock Exchange

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