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HMLH Hml Holdings Plc

36.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hml Holdings Plc LSE:HMLH London Ordinary Share GB00B16DFY89 ORD 1.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 36.50 35.00 38.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Hml Share Discussion Threads

Showing 226 to 249 of 850 messages
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DateSubjectAuthorDiscuss
18/6/2015
06:35
Yes another good set of results from what seems an excellent management team, don't hold but there's a lot to be said for boring co's.
battlebus2
18/6/2015
06:26
Its a shame, HMLH don't provide an adjusted EPS number.
shanklin
18/6/2015
06:18
another good set of results. 17% increase in revenue, eps as usual up between 10-15%. Never going to set the world on fire, but consistent steady growth
graham1ty
07/2/2015
11:32
nfs....thank you. I certainly put in lots of effort but I enjoy it which helps.
davidosh
07/2/2015
05:58
And a very nice mention for you David,and very well deserved
nfs
07/2/2015
03:17
A nice mention for HML in this story in the FT today



The completely unexpected decoupling of the Swiss franc from the euro inevitably caught many currency traders out, with those in leveraged positions no doubt particularly badly burnt. While nobody should get pleasure from the misfortunes of others, I was nevertheless profoundly irritated to read an article in a serious financial newspaper referring to retail foreign exchange traders as “investors”.

In my book, they are no such thing. An “investor” is someone who buys based on rational analysis of the likely returns compared to the price paid and the risks taken, and who holds for the longer term.

Those who trade currencies (or shares for that matter) over short periods, often employing leverage to boost their returns, are frankly little different from those who bet on horses or at the casino. Good luck to them, but they are more punters than investors.

I’d like to reassure genuine investors out there that here in the House of Lords we do battle away on behalf of the private investor. In particular, last month the vexed subject of nominee accounts came up in the second chamber. Lord Naseby, who once served as deputy speaker in the Commons, asked the government what plans it had to review with the Financial Conduct Authority the implementation of the Companies Act in relation to nominee operators “so that private shareholders with nominee accounts automatically receive reports and accounts free of charge for the companies in which they invest in?”

For the government, Baroness Neville-Rolfe expressed sympathy and indicated that the government had commissioned research “to determine how shares are currently held and what steps we might take to encourage more investor participation”. These findings are due by the end of March “and we will therefore be able to proceed with appropriate steps quickly”.

I followed this exchange by pointing out that the level of attendance at annual general meetings is on the whole pretty abysmal, and that many individual investors who do attend may be reluctant to ask questions in such a formal situation. With this in mind, I asked whether she would consider encouraging the holding of a second, more relaxed, meeting after the statutory one, so that private shareholders can meet and question non-executive directors and encourage greater shareholder involvement?

In reply, the minister drew attention to the Financial Reporting Council’s corporate governance code, which makes it clear that the board as a whole has a responsibility to ensure satisfactory dialogue with shareholders. She also pointed out that many companies and investors are already holding meetings of the kind suggested. “We have encouraged such strategic discussions outside the formality of the AGM.”

But the problem for private investors, usually operating alone, is how they can attend company presentations and meet or question company chiefs when most of the time their names do not even appear on the shareholder register.

One possible solution is private investor forums. One which I attend has been created by David Stredder, himself a keen investor and activist — it’s called Mello, (melloevents.com) after the southeast London restaurant where it used to meet, and holds a series of dinners and presentations with 300 regular followers.

Many companies have presented, including Lo-Q (now called Accesso), Judges Scientific, and more recently Crawshaw. Last month, I attended their most recent presentation; the room was packed with 70 serious investors questioning the chief executive of HML Holdings, a property management services provider, and his finance director.

I had already invested modestly in this £14m company, attracted by its niche activities and debt-free balance sheet. The presentation confirmed its conservative approach to growth both organically and by acquisition. Currently it manages approaching 50,000 individual units predominately in the Southeast, but acquisitions have been made in Bath and in Cheshire, and I foresee several years of steady growth.

In June, Mello held its first major conference in Derby with approximately 700 investors attending over the two days; a whole range of smaller companies had taken stands and a galaxy of well-known fund managers were presenters or panellists. They included Andy Brough, Giles Hargreaves, Katie Potts, Peter Pereira Gray, and Gervais Williams, plus amateurs like myself.

Such get-togethers aren’t a substitute for accessible annual meetings, of course. Companies tend to give presentations to would-be investors when times are good, whereas shareholders often need to ask hard questions when things aren’t going so swimmingly. But still, David should be congratulated for creating and developing Mello. We need more like it!


John Lee

davidosh
23/1/2015
10:41
Picked up a few here. Should grow nicely by picking up small operators and stripping out common costs. Management have meaningful but not controlling stakes. CEO has relevant background.
stemis
20/1/2015
15:41
Two years ago the annual turnover was £10.6m and this current year should end with £17m so my money is on them reaching that £24m or £25m target within three years rather than five but I am certainly very confident they will achieve it.

At some point when they have scaled up and got complete geographic coverage then I suspect a large estate agency chain or general facility management or services company will no doubt pick them off. I am comfortable sitting with them either way.

davidosh
20/1/2015
14:23
sladdjo
Thanks for info.
Did miss yeterdays mello visit.

jaws6
20/1/2015
14:20
Some brief notes from last night's Mello presentation:

There are 5.3m leasehoold props in the UK, of which 3.2m are privately owned.
HML with 1.6% mrkt share is the 3rd largest in the country. Most of the market is small and fragmented, "one man" shops with ~ £350-400k revs, who require a dose of capex and expansion of their offices to move to the next level - something that HML can help with.

Following the new ARMA regulations, more and more comps are starting to look to sell themselves. HML sees themselves as the most acquisitive company in this space and expect to do 3 - 4 small purchases every year.

Traditionally focussed around the greater London area, recently bought a company in Eastbourne and also have an office in Bristol. Now that they have offices around the country, they are more confident about expanding in those areas and inbetween.

Over the next 5 years, HML is targeting revs of ~ £24m with an operating margin of 15%, or ~ £3.6m.

My thouhgts are if they do achieve that, then there's no reason why they shouldn't be valued off at least a 10x op earns mult, or £36m, which is a ~ 20% annual return from the current markt cap of ~ £14m.

sladdjo
15/1/2015
12:06
Yes a great speaker and well worth a listen, picking up here today.
battlebus2
12/1/2015
17:45
I have been a holder here for a long time and have been trying to get the company along to our Mello event to present for quite a while. The results were out and an acquisition completed last month so our January event is the first one they could do. The 2p fall today just means an even better price to get in at especially with a Mello presentation to come next Monday..

Full details are on the Mello website so go to www.mellomeeting.com and just email me through the site if you can join us. I have 32 coming already and still a week to go. We also have a special guest joining us to give his top three holdings going into 2015....Lord John Lee the FT columnist and one of our great speakers from Mello2014

davidosh
12/1/2015
17:30
Yes I welcome the news. Surely its positive if institutional investors want a slice of the pie.Shame the 2p down rating today but maybe an opportunity to add.
bellymonster
12/1/2015
16:07
Horay, at last LTC getting rid of some stock. Is a legacy position they hold ( from when HMLH was spun out of LTC) and they really should have a smaller holding. Puts people off seeing a passive 40% holder doing nothing. This should increase liquidity and add to the number of new holders following the company.

HMLH are presenting at MELLO in Beckenham on 19th Jan and I am sure anyone would be welcome if they contact David Stredder

graham1ty
24/12/2014
10:33
They seem though happy to pay a higher price/sales ratio for their acquisitions than they are rated at themselves. This suggests they are either overpaying, believe they can generate improved returns on acquisition or undervalued themselves..............or all 3!
cockerhoop
24/12/2014
10:15
They seem to be on the acquisition rinse and repeat path so we should see steadily improving returns. This is certainly one of my favourite shares at the moment.
playful
09/12/2014
15:44
Bit of a surprise, having had a poor start to the day with PRES, to be able to use some of the proceeds of selling there to pick up 30k HMLH this afternoon at 31.2p :-)

I guess its the stock that was sold earlier at 30p.

shanklin
13/11/2014
17:46
OK, I was looking for something dated today... ...which clearly doesn't exist.

I also had not realised you are posting under different tags on different boards.

Will have a read.

By the way, I bought a few more late this afternoon Not quite such a good bargain as those available at our local MRW just before closing time, but it will do for now.

EDIT: OK I remember reading this previously :-)

shanklin
13/11/2014
17:09
Shanklin....is there on that linkmyou posted. Steady Progress.....not sure what you cannot find ?
graham1ty
13/11/2014
16:45
Martin, Its well worth reading some of the HML AGM reports from graham on the sharesoc website too...
playful
13/11/2014
16:19
Hi Graham

Yes, I had already looked there...



...but I cannot find your post.

Cheers, Martin

shanklin
13/11/2014
16:16
Discuss Within the HMLH page, not on the black scroll bar at the top.
graham1ty
13/11/2014
16:13
Look at Stockopedia. Go to HMLH page and hit Discuss tab
graham1ty
13/11/2014
16:08
Graham

I use TMF and Stockopedia but have not come across your posts. Any chance of a link to one or both please?

Thank you, Martin

shanklin
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