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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 0.0% 25.50 24.00 27.00 25.50 25.50 25.50 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 28.1 1.7 3.0 8.5 12

Hml Share Discussion Threads

Showing 801 to 825 of 825 messages
Chat Pages: 33  32  31  30  29  28  27  26  25  24  23  22  Older
DateSubjectAuthorDiscuss
11/5/2020
15:12
50,000 shares bought in four tranches at 26p today. Someone building up a bit of a stake from the looks of it.
rivaldo
01/5/2020
15:09
Finncap have left their forecast to March'20 unchanged at 4.7p EPS (too early for forecasts to March'21 given the pandemic).
rivaldo
01/5/2020
09:32
They say 95% has moved to home working. Does beg the question what 24 Offices are needed for, and what 600 staff actually do. There have been so few economies of scale, and staff numbers have risen in line with revenue. Using last years £1.38m net profit, that is just over £2000 per employee !!! Hardly worth the effort
graham1ty
01/5/2020
07:53
Today's year end trading update to 31/3 is probably as good as we could expect in the current pandemic, with I'd assume around 4.4p EPS or so and a likely relatively small impact going forward. And the good news is that this has curbed acquisition activity. So perhaps HMLH will be able to work even harder to deliver all those synergies and cost savings they've been aiming for.... I assume the 0.5p dividend stands since nothing has been said about it.
rivaldo
09/4/2020
13:35
I see that it has been super quiet here with no posts in two months. No Covid update from the company yet either but I fail to see how it will have a major effect on revenues and I am sure most staff can work from home. Does that equate to a 20% fall in the share price? I also note the move by Harwood Capital on Fulcram Services today by way of a tender offer.
davidosh
11/2/2020
07:30
Last night's late RNS shows Harwood Capital/Oryx continuing to buy. They now own over 15%, with 6.925m shares. They've added another 538,000 shares since November's last disclosure..... Https://www.investegate.co.uk/hml-holdings-plc--hmlh-/rns/holding-s--in-company/202002101726065442C/
rivaldo
08/1/2020
14:31
The dividend is low because they use all the earnings to acquire more companies every year. So shareholders need to see this strategy working by now or they should start paying a 7% dividend instead as it does throw off cash. The more likely outcome this year is a bid situation if the earnings do not improve dramatically because Chris Mills will either get involved or want action from an industry player with better track record. One way or another I can see 50p coming in 2020 but prefer it to be with a very successful management team improving margins and getting HMLH to new highs.....and that does not mean 20 storey resi blocks !!
davidosh
08/1/2020
14:08
That yield is much the same as you get from one year bonds - but is tax free in ISAs. Meanwhile you get the opportunity to participate in the potential upside from the acquisition strategy, if and when it comes, with (hopefully) very little downside at this valuation.
rivaldo
08/1/2020
12:49
In the meantime I'm happy to collect decent dividends 1.4% yield? In theory it's a great strategy. Buy up little operators on a modest multiple, strip out their central and owner costs and you've got a great earnings enhancement. Unfortunately it hasn't been working.
stemis
08/1/2020
11:04
They are paying an additional unspecified sum for surplus working capital so you can't even accurately speculate on value based on companies house data. The fact they aren't disclosing the metrics says it all imo - same old, same old.
cockerhoop
08/1/2020
10:55
You cannot tell much from Companies House as LML only issues micro accounts. In the year to May 2019, the balance sheet shows negligible fixed assets and Net Current Assets of £387,000. Total shareholders funds £394,000 so HMLH paying fractionally above NAV. It does show that total assets fell from £467,000 the previous year to £394,000. This could be a c£75,000 loss last year, or could just be that Ballam paid himself a dividend. You cannot tell.
graham1ty
08/1/2020
08:37
I absolutely agree with you as regards past performance. But I get the feeling from the tone and language in more recent releases that the promised synergies and economies of scale are at last within reach and may reap some or all of the hoped-for rewards. In the meantime I'm happy to collect decent dividends and know that HMLH are on a theoretically very, very cheap rating, which may enable the share price to almost double from here from the point at which sentiment finally begins to improve. And given the company's size and lack of available shares such a re-rating wouldn't take long to happen. Anyway, the next trading update is in late April/early May, so at least it's good to have some positive news flow until then.
rivaldo
08/1/2020
08:05
QS look at the two pieces I wrote on HML on Stocko. The frustration has been around for a while. These ( twenty) deals have NEVER visibly been accretive to earnings. The Faraday RNS in 2018 said that it made £249,000 in profit, yet group profit rose by just £161,000. Did they destroy value at Faraday or was the rest of the business failing ? Just one example
graham1ty
08/1/2020
07:57
am new to this stock, but often these small tuck in deals can be very accretive to earnings....let's see. Graham, get your point as well, either they improve or market punishes them or shareholders kick management out.....
qs99
08/1/2020
07:54
They cannot resist further acquisitions. So, all the cash flow is used to grow revenue. But since 2015 there have now been 20 acquisitions at a gross cost of £10.5m, and operating profit 1H 2015 vs 1H 2019 was up only £72,000, a disastrous conversion rate. Operating margin has fallen from 7.6% to 4.4%. For ten years they have struggled to integrate new businesses and have NEVER produced economies of scale. One day they must stop acquiring, bed down everything they have got, and show what this might be worth. Rivaldo, I know we disagree on HMLH. But until they can show margin improvement, and that they can generate greater profits from the greater scale....until then, the shares will languish below where they were five years ago ( unless Chris Mills engineers a lowball bid). Good luck all
graham1ty
08/1/2020
07:21
Looks good
qs99
08/1/2020
07:17
Yet another acquisition from cash, this time for around £0.5m. Looks like one of those where the founder needs to sell out given that he's retiring after completion, so hopefully the price is an attractive one for HMLH: Https://www.investegate.co.uk/hml-holdings-plc--hmlh-/rns/acquisition/202001080700060560Z/ "The Acquisition is in line with the Group's strategy of acquiring leasehold management businesses that can quickly be integrated into the Group and that provides further regional coverage. We are pleased to welcome all the team at LML into the HML Group."
rivaldo
02/1/2020
14:27
Nice to see the first trade of the year is a small buy at 34p - a full 1p above the 33p published offer price. Let's hope 2020 is the year all those long-anticipated synergies come about and the shares re-rate to the 50p-60p where they "should" sit if that happens.
rivaldo
28/12/2019
13:05
Rob Plumb retires with 820,000 options presumably to be abandoned, as all out of the money. The 2014 options have an exercise price of 33p, which shows what the share price has done over five years ( down if you had not noticed). The 2015s were at 41p, 2016s at 32p, 2017s at 36p and 2018s at 33.5p. He has 190,000 options from 2013 exercisable at 15.25p. So, at 32p they are worth about £30,000. Not much of a return from options issued over almost a seven year period. His shares are worth a short £ million. Obviously if the share price was 60p he would have £2 million. But it isn’t.
graham1ty
11/12/2019
07:27
Let's hope last night's options grants to various employees and directors - exercisable at 32p - are indicators that the Board believe it's upwards and onwards from here: Https://www.investegate.co.uk/hml-holdings-plc--hmlh-/rns/grant-of-options---pdmr-dealing/201912101702324231W/
rivaldo
27/11/2019
16:13
Maybe it would be worth looking at similar block management companies and establishing their profit margins and which activities are actually most profitable. I do think there is room for improvement here and they have started to release problem blocks that are clearly not profitable. The margins should start to improve with the management changes that have been made too.
davidosh
27/11/2019
16:10
Chris Mills is also accumulating a lot of stock in SUR as well has over 19% of the company now.
igoe104
26/11/2019
15:24
Looking at the accounts, you can see the profits that HMLH make from insurance. They broker deals, so the client is not getting ripped off, however, the ( very blunt) segmental revenue shows Insurance making £2.333m profit on £3.050m revenue. Nice if you can get it. Meanwhile Property Management made £741,000 on £23.238m of revenue. That is a 3% margin. Surveying services also made £240,000 on £1.8m of revenue. BUT this is before allocation of central overheads of £1.578m. Let us take a stab at where Management time is spent, and therefore how central overheads might be allocated. Insurance looks after itself, is very profitable, and probably uses little Management time. Let’s allocate, say, £250,000 of central overhead to insurance and £150,000 to surveying. The bulk of Management time however, is on property management, so the rest, about £1.2m might be allocated to property management. AND THAT MAKES PROPERTY MANAGEMENT ACTUALLY A LOSS MAKING ACTIVITY, propped up only by Insurance. It may actually even be worse than this as, if you allocate central overhead by % of revenue, property management would be wearing 83% of the overhead, or over £1.3m. This is not an exact science as we cannot see where profit is actually taken ( it’s only in the signed, audited accounts......) and we cannot see how overhead is allocated. But it is a fair guess that property management is an unprofitable activity
graham1ty
26/11/2019
15:12
I have only just had time to crunch some numbers. Revenue rose 6.5% on 2H and 14.3% on 1H last year. Gross profit fell from £1.76m in 1H last year, and £2.01m in 2H to £1.75m. So, 13% fall on 2H last year, despite a 6.5% increase in revenues. Gross margin fell to 11.3% GROSS MARGIN HAS NEVER BEEN THIS LOW SINCE MY ANALYSIS BEGAN IN 2012. In 2012 gross margin was 16%, and was still 16% in 2H 2015, but has fallen consistently since then. A fall from 15.9% in 1H 2016 to 11.3% now, is a 29% fall in gross margin over a period when revenue has increased 72%......(£15.49m vs £8.98m). Reported Operating profit in 1H fell 12% relative to 1H last year, but 28% from the £954,000 in 2H down to today’s £688,000. Operating margin was 4.4%. This is the lowest since 2H 2012. In 1H last year it was 5.8% and in 2H 6.6%. THIS IS A CATASTROPHIC FALL. Using the same time period as above, 1H 2016 compared to today, revenue has risen by £6.5m ( using £15.49m and £8.98m as above) and operating profit has risen by £67,000 ( £688k vs 621k in 2016). So, AN ADDITIONAL £6.5m OF REVENUE HAS PRODUCED A MARGINAL 1% RETURN. This is appalling. Since 2006, HMLH has spent approximately £18m on acquisitions ( the gross, including all earnouts would be £18.7m). The market cap is, at 32p, £14.5m. Value destruction. Using the same period as above, from March 2016 to date they have spent £9.3m on acquisitions........to add.........£67,000 of extra profit. Says it all really
graham1ty
26/11/2019
14:55
Ive sold as well, just about even overall. probably now means they will be taken over at a premium now. sold for 32.5p.
igoe104
Chat Pages: 33  32  31  30  29  28  27  26  25  24  23  22  Older
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