HMV Share Discussion Threads

[loganair] 16/1/2013 09:29

Last night I was listening in horror to a senior retail analyst of what the average high street will look like in 10 years from now, will lose most of the tradition retailers and become a place for socializing and for the people who are less upwardly mobile.

I think my local high street is a head of the game.

1). More coffee shops will open - local high street in the 1970's only 5 places to buy a cup of something with-in 400yds from the city centre, now 54 with another due to open soon.

2). The poor are less mobile as they do not have cars – with-in the last 3 years just off and out of view of the high street Poundland and a big Primark have opened.

2a). The poor also tend to be the one's who gamble hoping to win big – there is a Corals at either end of the city centre, plus a Ladbrooks and Stand James.

3). The elderly are also less mobile and often do not drive – we have 4 opticians doing very well with a 5th just opened.

Time to get out of the UK and go some where more sensible. Apparently the UK is becoming more of a place where Razzmatazz rules, just look at how people act now days, the shop fronts and commercials on TV. BBC 1 has now become an ITV, but without the commercials.

[loganair] 16/1/2013 09:18

zcapard - I mention Mama was the final demise, as it cost in the region of £110mln (£60mln to buy, £10mln interest, £40mln loss of product insurance)to the debt of HMV. Yes I agree good to buy for diversification, but not from debt, instead a Rights Issue at a time when HMV shares were in the region of 100p.

[festering pustule] 15/1/2013 23:39

18055:

That is if they ever paid the 25/12/12 rents. Are Uni contractually liable to the landlords? That would have been a daft move, given the very reason they agreed to pay the rent; surely, they must have left legal liability with HMV?

[zcaprd7] 15/1/2013 23:05

Not just the mama acquisition (at least it was sort of diversification) but that last dividend payment was bonkers! I'm pretty sure it was ego from Fox...

[john148] 15/1/2013 22:32

My opinion is don't buy from HMV until they honour the gift vouchers they sold to unsuspecting purchasers who bought them as gifts at Christmas. How mean spirited can you get.

[onlysmartieshavetheanswer] 15/1/2013 22:01

Universal(on the hook for a lot of the leases) Warners, Sony will buy this for a £1 - Outlet for their CD's/DVD's and Uni run down their liabilities to the land lords.

This has been on the cards for ages - Downloads are just a fad (still makes me chuckle reading that blog)

[notanewmember2] 15/1/2013 20:01

I started this thread not long after the financial crisis, lets learn OK onward and upwards;

Never go into a room that you cannot get out of.....

I.e never get into a trade that you cannot get out of later.

Good luck all with your investments.

[notanewmember2] 15/1/2013 19:56

I started this thread after the financial crisis

Good luck all with your investments.

[brando69] 15/1/2013 19:53

people being conned out of their gift vouchers, and yet they expect customers to keep buying off them... absolute scoundrels

[brando69] 15/1/2013 19:53

people being conned out of their gift vouchers, and yet they expect customers to keep buying off them... absolute scoundrels

[john148] 15/1/2013 19:00

Lucky I got out last Friday. Absolute farce. The responsibility of which I place solely on the shoulders of Simon Fox.

[graham2405] 15/1/2013 18:34

I think paying circa £600 million for Waterstones and selling it for less than £60 million probably did the trick......

[loganair] 15/1/2013 17:17

IMO - HMV's final demise was down to buying Mama Group out of debt, cost in total in the region of £60mln, the interest on that debt around £10mln, then the loss of product insurance £40mln.

If HMV had gone for a Rights Issue their debt would be well under half of what it is to day, allowing them enough financial fire power to restructure.


No doubt HMV will be bought for £1, 40 to 50 shops closed, payment of say 30p to 50p at the very most in the £ on the debt.

[gilbertd] 15/1/2013 15:29

rossstar3 15 Jan'13 - 15:23 - 18046 of 18046

Very probably, yes

[rossstar3] 15/1/2013 15:23

whats happened ? have i lost my 30 grand?

[festering pustule] 15/1/2013 14:12

They cannot accept vouchers because that is fraudulent preference - i.e. transferring funds from one set of creditors to another. They have probably transgressed in this respect for some time.

[clocktower] 15/1/2013 14:08

Will any customers trust HMV again in view they are open and will not accept the vouchers they issued or even exchange faulty goods they maybe selling now?

[skinny] 15/1/2013 13:59

15 January 2013 Last updated at 13:33

The boss of HMV has said he is confident of finding a solution to the embattled retailer's troubles.

Trevor Moore said management had begun working with administrators Deloitte.

"We remain convinced we can find a successful business outcome," he told journalists. "The intention is to continue to trade the stores."

[macau] 15/1/2013 13:06

Agree Simon Fox was an absolute disaster.

[smelgy] 15/1/2013 12:21

Sorry fx - couldn't live there if you paid me.

Far too cold and wet. Everyone suffers from a severe lack of vitamin D. Not good for your health you know!

And you wouldn't want that pseudo-"chinese" liar there anyway. His presence would pollute the streets.

[fxscotland] 15/1/2013 12:15

jsut the way we like it. back to your crowded streets....

[pickph] 15/1/2013 11:51

WILL SIMON FOX and directors hand back their salaries/bonus....i think not.
Dreadful management.

[brando69] 15/1/2013 11:42

though there are exceptions to every rule... any chance you could relocate to bucharest?