Henderson European Share Discussion Threads

[goonertone] 19/4/2006 13:01

On line prices are extremely skewed at the moment

600 @ 67p to buy
5000 @ 66 to sell or 10000 @ 65.4

I've never seen sell quotes for more than 7500 shares before.

GT

[pjetr] 06/4/2006 15:49

interesting article on cueentertainment.com


Don’t be diverted by download

Music Zone’s Darryl Gaskin is still a big fan of the plastic disc when it comes to delivering home entertainment

Downloading may be being positioned by the public prints as the death knell for packaged media â€" but for Music Zone’s Head of Visual Buying Darryl Gaskin the threat is much exaggerated.
During the last four years Gaskin has seen the demise of VHS more than compensated for by the life affirming surge of DVD, but for the time being online sales and piracy are more likely to provide the challenge â€" not downloads.
Gaskin believes press enthusiasm to push downloading as the death of retail is out of kilter with public feeling: “A vast majority of people want to go out and buy product and own the official release,” he says. “As super fast broadband becomes more commonplace perhaps it will be more of a threat but at the moment very few people actually download movies.
“The growth of online retailing is a bigger threat to us and something we would consider more seriously than downloading at the moment â€" and piracy as well, which is a much more readily available way of accessing movies very cheaply.”

New formats

On the plus side, Gaskin sees the emerging formats of Blu-ray and HD DVD breathing new life into the physical format.
“We’ll be watching the States,” he says. “The big question is what will happen in the battle between the formats? For me the key element is PlayStation 3. If there’s one factor that will define what happens it will be how people buy into the PS3, which will incorporate a Blu-ray system.” He has less faith in the bolt-on HD DVD drive, which will be made available for the Xbox 360.
Speaking of Sony, Music Zone is supporting selected UMD new releases and looking at moving into certain campaigns in a limited way to see how it performs.
“Although Sony talked it up I don’t think UMD has been anywhere near the success that people predicted,” he confides. “People were quite wrong about the content that would be most successful. The best selling UMD so far has been “250 Greatest Premiership Goals”. I don’t know if that many people are really interested in watching movies on UMD.
“If you look at percentage sales on any new release of UMD in relation to DVD, it’s tiny. We can achieve the same market share as we do on a DVD title on UMD by selling 20 copies. It’s not a resounding success so far but there’ll be a hell of a lot more PSPs in circulation when we hit Christmas this year.”

... continues


Cheers
P

[nick] 06/4/2006 11:08

real-time online bid 64.5p

[nick] 05/4/2006 16:56

Thanks goonertone.

Interesting delayed trade just appeared somebody buying at 67p.

[goonertone] 04/4/2006 10:40

Nick

Nip back to post 131 for my previous comments.

Not sure about rental I suppose it depends on the cost. I would be more looking to the sales side as I really don't think that the rental side of the business is where Choicesuk are trying to position themselves.

GT

[nick] 04/4/2006 10:12

Anybody got any views on the new Toshiba's HD-DVD standard and Sony's Blu-ray and its impact on HET's business? In terms of technology this could be a similar to the leap from video. With the trend towards HD plasma screens this will probably provide a boost to the rental market.

[goonertone] 04/4/2006 07:57

Scumdog/Bletherer

This has been niggling me for a few weeks now.

How about if you add the 47500 trade yesterday to the 850000 you get 897500. Which is about 4.99% which is chase nominees holding per the website figures that bletherer posted the other day.

However this doesn't explain why previous purchases haven't been accompanied by a second disposal RNS each time.

Was reading up about Gylenhammer and his associates the other day. They go for mainly asset plays and undervalued turnaround companies. Hence why it doesn't always work as anyone who invests in turnarounds knows that it doesn't always play out as you hope and they are cheap for a reason.

He usually spends a few months building up a small percentage stake until he has to issue an RNS then approaches management/major shareholders and tries to up stake to max 29.9% giving him enough clout to have a say in the running of the company.

I still have reservations about parts of the company ie tv which appears to have stopped but at what cost and whether the high st is breaking even. The other two parts are what interests me ie the management and distribution parts for third parties. As for Mosaic I would sell it off as it is completely peripheral to the other parts.

I will continue to hold for the time being to see how the PG saga plays out and also see if a trading statement can shed more light on the current situation.


GT

[bletherer] 04/4/2006 07:22

Scumdog - this is what I am wondering. There was another 850,000 trade that went through at the same time yesterday. I feel it must be one of the other major holders offloading as the maths just doesn't add up otherwise. Yet there have been no other holdings RNSs - why not?? Prior to Gyllenhammar's acquisitions the HET website gave major holders as totalling about 78%. If no-one has sold then that would currently mean 95% held by major holders, and a free float of fewer than a million shares. This I just don't believe...

[scumdog] 03/4/2006 16:26

From whom is Mr Gyllenhammar acquiring all these shares?

[nick] 03/4/2006 15:55

SAR 3 - Home Entertainment

RNS Number:8948A
Union Discount Co. of London Ltd
03 April 2006

FORM SAR 3


DISCLOSURE OF ACQUISITIONS
(Rule 3 of The Rules Governing Substantial Acquisitions of Shares)


Name of acquirer THE UNION DISCOUNT COMPANY OF LONDON
LIMITED

Beneficial owner, if different from above PETER GYLLENHAMMAR



Names of any other persons acting by agreement
or understanding (see SAR 5)

Company dealt in HOME ENTERTAINMENT CORPORATION PLC

Class of voting shares (eg ordinary shares) ORDINARY SHARES

Date of acquisition 3RD APRIL 2006



Number of shares acquired 850,000

Number of rights over shares acquired #

Nature of rights over shares




Total holding of voting shares (and percentage of 3,127,000 (17.33%) THIS
total voting shares in issue) INCLUDES THE COMBINED HOLDING OF THE UNION
DISCOUNT COMPANY OF LONDON LIMITED AND
FORVALTNINGS AB BRONSSTADET

Total holding of rights over shares (and
percentage of total voting shares in issue)

Combined total holding (and percentage) of
voting shares and rights over shares




Date of disclosure 3RD APRIL 2006

Contact name LYNNE JEFFREY ON BEHALF OF UNION INVESTMENT
MANAGEMENT LTD

Telephone number 0207 256 3954


# See the definition of "rights over shares" in the Definitions Section
of the SARs.

For details of the SARs disclosure requirements, see SARs 3 and 5 and their
Notes which can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.

[nick] 03/4/2006 14:57

Another RNS due soon then.

[scumdog] 31/3/2006 15:55

Could be she-ra. Whoever buys should get a bargain from the receivers.

[she-ra] 31/3/2006 13:05

Rights issue to fund aquisition of Silver Scrren? Thats the last thing shareholders need. Maybe someone will pump HEC to get the share price up so that it can offer shares. Ive seen it done before with other companies before they make an aquisition-suddenly they are getting stalked share price increases then they make an aquisition.

[she-ra] 31/3/2006 10:22

SILVER SCREEN
Edited By Clinton Manning
MORE than 550 jobs are hanging in the balance at specialist DVD chain Silverscreen.

It called in administrators yesterday, blaming competition from supermarkets. Bosses also claim more people are choosing to watch films on pay-TV.

London-based Silver-screen generates sales of nearly £70million a year from 65 stores.

Its staff are tested on their film knowledge before getting a job.

Andrew Pepper, partner at recovery specialist Kroll, said he was confident the business could be saved.

"We have already commenced negotiations with a number of interested parties," he said.

[manzarek] 30/3/2006 17:46

Heart stopping headline on teletext today, along the lines of "DVD firm in Administration" apparently it was silverscreen ,
The company blamed price deflation and internet competition. Administrators have been contacted by several interested parties for the 60 odd stores and jobs might be saved.

Food for thought if it's true but can't find anything on the web about it. Anyone else seen it?

[nick] 30/3/2006 15:26

Chart lookin real nice right now.

[goonertone] 30/3/2006 12:07

All very well pushing the price up but there are still no shares, or so it would seem

On line limits appear to be buy 500 @ 63 v sell 5000 @ 61

[goonertone] 30/3/2006 09:06

online quote currently in the region of

buy 1k @ 62 v sell 5k @ 59.2

[breadcrump] 29/3/2006 19:43

The pro news you were waiting for

[nick] 29/3/2006 19:41

As do we all from time to time. HTH is an example where he is doing ok.
BTW got the answers to your 6 questions yet?

[she-ra] 29/3/2006 18:01

Take a look at the 1 year chart of European Colour which Gyllehammer has built a significant stake in.Its tanking.Obviously this guy makes mistakes.

[nick] 29/3/2006 16:11

Yes anybody with a holding in excess of 3% has to inform the company if their holding changes.

[goonertone] 29/3/2006 13:36

Someone is obviously offloading some shares for PG to buy. The question is who.

If it was somebody with a large stake do they have to notify reductions in holdings if it doesn't take them below 3%

[goonertone] 29/3/2006 13:33

Notification of Interest

RNS Number:6046A
Home Entertainment Corporation PLC
29 March 2006

HOME ENTERTAINMENT CORPORATION PLC (the "Company")



29 March 2006



Notification of Interest



The Company has been informed by a letter dated 29 March 2006 that Forvaltnings
AB Bronsstadet, a company wholly owned by Peter Gyllenhammar, acquired 275,000
ordinary shares of 5p each ("shares") in the Company.



Following the transaction The Union Discount Company of London Limited and
Forvaltnings AB Bronsstadet now own a combined total of 2,277,000 shares (or
12.6% per cent of the issued share capital), representing Mr. Gyllenhammar's
entire interest in the issued share capital of the Company.


This information is provided by RNS
The company news service from the London Stock Exchange

[goonertone] 29/3/2006 09:52

Price drops but can't buy many and can sell loads?

Shouldn't it be the other way round?