||'A' ORD SHS 5P
||EPS - Basic
||Market Cap (m)
Real-Time news about Homebuy A (London Stock Exchange): 0 recent articles
|masurenguy: When the CEO or the principal inside shareholders sell a large chunk of their stock - watch out ! I've seen it happen so many times with small caps. Usually such a sale is followed by a significant fall in the share price within 3 months.
What was different in this case was the 125K share purchases from the NXD's in July. Given that the shares were subsequently suspended due to cashflow problems less than a month later is quite amazing !
I sold most of my holding here in January after Harwood and Meredith disposed of more than 4m shares between them in December. I retained a small holding which fortunately limits my exposure.|
|nurdin: What Id like to know is why have you guys come out of the wood works now?Where were you when the share price was rising and the Directors buying by the bucket loads?|
|masurenguy: Well they have not been 'taking cash to the bank'. They need cash to finance their credit operation and the fact that they appear to have expanded beyond their agreed cash facilites does not suggest prudent financial management. Cashflow is king and any rapidly expanding credit provider needs to ensure that they have enough to fund their rate of growth.
I'm fairly confident that the business will find their additional funding requirement through a balance of loans and new equity but existing shareholders will inevitably be penalised by this. This situation was avoidable and matters should never have reached this stage so credibility will also be an issue going forward and this won't help the future share price either.|
|masurenguy: The ominous aspect is a potential significant discount to the last quoted share price PLUS a dilution.|
|diogenesj: Well done, Shanks. I did fear that Leadenhall might turn into Leadenballoon, and so it turned out. Sold all mine too, for a good profit - but I made the mistake of buying a few back after the fall in the share price and the recent director buys.
M: very significant dilution is absolutely the best we can hope for. Whatever happens here now is not going to be great news, I'm afraid. I've mentally written off half the value of my holding, and am fully prepared to write off the rest.|
|kdwilson: welll cant bee too far off taking out the weak holders....so many little spivs piling out that they must dry up soon. the great news is that pa punters generally call it wrong (as they act on share price moves not fundamentals) so they will be back ...just much higher up|
|tony5000: Share price movements never cease to amaze me - great results, excellent growth profile, heavy institutional support, directors buying, low pe ratio, etc, etc.
This share price must go up particularly in view of strong current trading also recently announced.|
|tony5000: Following the recent positive update and news flow Homebuy looks very undervalued on fundamentals. Ultimately value will out and the market should start to acknowledge the fantastic growth prospects of this company - share price should start to build shortly IMHO.|
|cashbunny: did you bolt for the door on this one kdwilson? he he .
lack of news updates and the management pulling surprise new business ideas out of the hat if definately a part of the share price drift downwards, but my guess is the big drop is because of the dti investigations into rip off door to door lenders anounced a few days ago. homebuy was the subject of a sanctimonious little scottish gits' watchdog programme a while ago and the share price took a kick in the nuts then too. a few weeks later it was back up, as it will be a few days from now. and not just because everybody gets over the urge to bail out, but because the trading update will be out very soon with some stonking figures to trumpet and everybody will be bailing in.|
|sussex02: some interesting trades going through after the close, i would say mostly buys that had been getting filled through the day.
I agree that 2006 could be a great year for the HBG share price, I expect the 2nd half figures to be considerably better than the 1st half based on a full six months of telebank conversions, where i estimate we only had 3 months worth in the interims. Also the fact that the salemand now how laptops and some very clever software that aids in the sale process the sky is the limit.
Does anyone know if there has been any other broker upgrades other than the 2 we had. Am surprised we've not had any coverage in the IC either. Some good press now, followed by some buting will soon see this well through 2.50 and probably close to 3.00.
Homebuy share price data is direct from the London Stock Exchange