Henderson European Share Discussion Threads

[goonertone] 28/5/2006 21:00

JT

AMU & HET sorry for the delay.

Tough one.

Some parts of each have synergies but the high street part of choices stands out like a sore thumb. Would I want the unpredictable nature of the high street stores to impinge on the steady solid distribution business of AMU.

I supppose it depends on your view of the benefits of the benefits from the the cross selling of the locals business of HET with the distribution business of AMU. They would appear from first glance to be fairly seperate client bases but with similar size profiles.

You could possibly put a small sales area in each high street store as long as you didn't try to make it into a CD emporium. More of a rent a romantic film buy a cd of lovesongs for afterwards type of thing.

If nothing else was done either HET sells mosaic to AMU or AMU sells maximum ent to HET as I think each of them on their own are to marginal to the main business to make it worthwile. Could well be a case of sum of the parts etc.

I wouldn't want to see it until we know where the high street side of HET is going. If that has stabilised then their might just be some mileage in the idea.

GT

[goonertone] 28/5/2006 20:47

A few things to mull over, some maybe good some maybe bad you can decide.

Change of name to be ratified on 6th June. i think this is a positive move.

Developments with Lovefilm.
s far as I know the company is still running the fulfilment services for Lovefilm as they are still based at Choices warehouse.

Lovefilm recently merged with Video island to give a co with a combined userbase of 435,000+ compared to the 50000+ when it bought out moviechoices from HET. They are about to embark upon a £15 million advertising campaign.

Lovefilm are also starting downloads, this includes hosting downloads for AOL, the initial trial consists of 35 films form universal. You can download one from the site direct to your computer and one for transfer to a portable player. They will also send you a hard disk as well. So this is the advent of movies on demand. Depending on your view of the potential for the Download on demand market this is either a disaster or proof that mass downloads are miles away.

Finally its been raining for weeks now, isnt that meant to be good for DVD rentals, OK I'm running out of info now as you can see.

GT

[jtcod] 26/5/2006 15:16

There's only one crystal ball in existence fordtin and I doubt HB would sell it.

[horneblower] 26/5/2006 11:18

fordtin,

"TA magic stuff for absolute beginners"

Should I write the book? It's a good title.

[jtcod] 24/5/2006 15:23

Topped up 10,000 at 78.25p today

[horneblower] 24/5/2006 06:58

fordtin,
I've been away all week...will reply later when I'm organised.

[jtcod] 23/5/2006 17:42

Agreed GT

At least it ties them in for a few years.

[goonertone] 23/5/2006 16:17

Share Options

RNS Number:4560D
Home Entertainment Corporation PLC
23 May 2006

HOME ENTERTAINMENT CORPORATION PLC (the "Company")



23 May 2006



Share Options



The Company was informed today that Anthony Skitt has renounced 182,500 share
options, issued under The Home Entertainment Corporation PLC 2001 Executive
Share Option Scheme, with an exercise price range of between 168.5p and 222.5p
per share, exercisable in tranches between 24 October 2004 and 27 October 2013.
Anthony Skitt has been issued 300,000 new options over ordinary shares, issued
under the above Scheme, with an exercise price of 78.5 pence, exercisable
between 23 May 2009 and 23 May 2016. He now holds a total of 300,000 options
over the ordinary share capital of the Company.



Christopher White has renounced 37,500 share options, issued under The Home
Entertainment Corporation PLC 2001 Executive Share Option Scheme, with an
exercise price range of between 168.5p and 222.5p per share, exercisable in
tranches from 24 October 2004 to 27 October 2013. Christopher White has been
issued 100,000 new options over ordinary shares, issued under the above Scheme,
with an exercise price of 78.5 pence, exercisable between 23 May 2009 and 23 May
2016. He now holds a total of 100,000 options over the ordinary share capital
of the Company.







I would have liked the strike price to be a little higher but to make any meaningful money from these options they still need to get the shareprice well north of its current position.

GT

[jtcod] 22/5/2006 22:22

Sporticus
The company hasn't changed in the last week. Only the markets have changed.

HET is still way undervalued imo and I think it has held up pretty well over the last week compared to the oil sector for instance.

My experience in the past has been that stocks like HET (when bought at very low P/E's) have fallen less than their sector, on the drops and bounced higher when bargain hunter's have returned. Let's hope that trend continues.
JT

[sporticus] 22/5/2006 17:59

Something is very very wrong with this company and no news again.

JT Cod, Ive lost over 70% on this share. Stupid I may be, but I really believed in them. A few words of wisdom please.

[goonertone] 18/5/2006 07:07

Now thats what I call a spread

[jtcod] 16/5/2006 17:35

Cheers GT

So poster's to this thread still hold a decent slice of the free float.

Ask them if they have contemplated a marriage with AMU.;-)

[goonertone] 16/5/2006 17:05

Website has been updated.

Revised list shoes 87% which would seem to be more like it.

Got to give the company credit where its due. I emailed them out of the blue yesterday morning and by yesterday close they had corrected the calculation and today they have been out talking to the registrars and updated the website accordingly.

So what shall I ask them next :)

GT

[jtcod] 16/5/2006 08:14

The thing I like about the share spit is that the management can't get 90 % of the shares in issue with a silly offer via an MBO.

They would have to pay the going rate if they wanted to launch an MBO imo.

[goonertone] 15/5/2006 16:25

Just been advised that they are in contact with registrars and hope to have a definitive list on the website tomorrow.

GT

[goonertone] 15/5/2006 09:15

I emailed them first thing to point it out and also asked where the figures came from. I'll let you know if I hear anything back.

GT

[bletherer] 15/5/2006 09:01

They have now amended their "principal shareholders" list so that it adds up right - 93.3% total instead of the 96.3% they gave previously.

[knowing] 14/5/2006 22:47

There are quite a few out there such as;

IFM
RGM
AAIR
DCS

[jtcod] 14/5/2006 22:42

CHNS has 79.53 % tied up by directors.

I also hold 192,898 about 1 %


AMU has 72 % tied up, including directors holdings.

I also hold 218,570 about 1.25 %*

Edit 16/5/2006 now hold 236,697 (1.375%)