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 Shares Traded Last Trade
  0.00 0.0% 31.50 934 08:00:00
Bid Price Offer Price High Price Low Price Open Price
30.00 33.00 31.50 31.50 31.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 28.11 1.69 3.00 10.5 14
Last Trade Time Trade Type Trade Size Trade Price Currency
11:54:27 O 327 32.30 GBX

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Hml (HMLH) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:54:2932.30327105.62O
07:02:3832.30607196.06O
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DateSubject
22/10/2019
09:20
Hml Daily Update: Hml Holdings Plc is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker HMLH. The last closing price for Hml was 31.50p.
Hml Holdings Plc has a 4 week average price of 31.50p and a 12 week average price of 31.50p.
The 1 year high share price is 36.50p while the 1 year low share price is currently 29.50p.
There are currently 45,830,135 shares in issue and the average daily traded volume is 6,970 shares. The market capitalisation of Hml Holdings Plc is £14,436,492.53.
20/8/2019
07:22
rivaldo: RNS today - the AGM will be on 17th September. Last year saw an, erm, "succinct" trading update. Hopefully this update should be positive given the cheery outlook in the prelims: Https://uk.advfn.com/stock-market/london/hml-HMLH/share-news/HML-Holdings-PLC-Posting-of-Report-and-Accounts-an/80567712 To reiterate, the forecast for this year is 4.7p EPS, with a 0.5p dividend. That's per Finncap, who have a 57p target.
16/7/2019
09:55
davidosh: Well...long suffering shareholders who have seen zero growth in the share price over the last five years may have an out ball if current management are unable to deliver the returns that investors deserve.... Equistone Partners Europe Limited, a European mid-market private equity investor, has signed an agreement to acquire FirstPort, one of the UK’s largest residential property management firm, from Epiris and Chamonix Private Equity. The financial terms of the deal are undisclosed and completion of the transaction remains subject to approval by the Financial Conduct Authority. FirstPort, who, at The Negotiator Awards 2018 won the Silver Award and in 2017 a Gold Award, says its management team (pictured, above) will remain in the business to “pursue the same customer-focused strategy”. FirstPort manages 196,000 residential properties across more than 3,900 developments throughout the UK and the company works with developers, investors, freeholders – as well as over 200 Resident Management Companies – to provide services to leaseholders.
02/7/2019
08:04
igoe104: Finn cap upgrade. The results were slightly ahead of expectations in virtually all respects. The business model continues to deliver consistent growth and cash generation and the group remains well positioned to benefit from any further tightening of industry legislation. We have raised our target price by 8% to 57p, implying potential share price upside of 68%
02/7/2019
07:24
rivaldo: Excellent - results are ahead of even the recently increased expectations. 4.6p EPS compares to forecast 4.3p, revenues of £28.1m compare to forecast £27.3m and the dividend is up 12% to 0.47p. The outlook is confident, stating "We are confident in our ability to maintain this momentum while we continue to build our network and our central support divisions." I'm guessing Finncap may go for almost 5p EPS this year, which makes the share price pretty cheap. It's also good to see trade receivables decreasing despite the big rise in turnover. Investment in centralising the business continues - neverending! - but it seems the benefits are indeed beginning to come through as the narrative suggests, with more to come. I'd assume there will be further earnings-enhancing acquisitions from cash this year too.
02/5/2019
14:07
rivaldo: It's where the share price is going that interests me. I completely agree about the past (though I'm a more recent shareholder). But acquisitions are at the core of the company's plan, so intangible amortisation will continue to be a factor given the sector and types of companies it's buying. It's therefore necessary to accept that (or sell!). EBITDA will have risen from £2.1m two years ago to likely £2.8m+ this year, and adjusted PBT from £1.8m to probably £2.4m+. Adjusted EPS will have risen from 3.7p two years ago to likely 4.5p+ for the year just ended - so a 22% rise in the last two years is not too shabby at all. More importantly, given the £2m paid for recent acquisitions - all from existing resources - Finncap's new forecasts for this year and beyond will be interesting. I assume (and hope) they'll be conservative, but 5p EPS would mean 35% EPS growth in 3 years. Again, pretty decent.
02/5/2019
13:41
graham1ty: Rivaldo, I do not want to be (too) negative, but reported earnings are forecast to be 2.7p, so possibly 2.8-2.9p if they are a bit ahead. The 4.3p is adjusted earnings. As they continue to make acquisitions every year ( adding little value it seems) then the argument for looking at adjusted eps looks weaker. Reported eps have risen from 2.6p in 2016, to the forecast of 2.7p three years later. Hardly stellar growth. Even adjusted eps have risen from 3.6p to forecast 4.3p over the same period, just 19% growth over three years. Even if they manage 4.5p adjusted, that is still less than 10% growth on last year’s 4.1p. And the share price remains below where it was five years ago......
29/11/2018
02:28
davidosh: With no shares traded and such a wide spread the management need to stop this failed business strategy of buying up smaller companies on big multiples of profit and with the basis of 1.25x revenues. Investors are clearly not interested in this failed strategy so they need to start building the dividend and paying back the cash thrown off in the way of dividends and occasional buyback to deliver a better return and boost the capital value of the company. If the share price does not at least return to the levels of two years ago then Mills or an external group will simply offer to take this future cash flow away from current shareholders. For that reason I am putting HMLH on my bid alert watchlist. I would like to meet management again to ask what their plans are to protect shareholders from losing the company at too low a takeout price and one which would deliver a dire return on investment over the last five years of acquisitive growth where revenues have more than doubled ?
19/11/2018
10:15
graham1ty: Interest builds ahead of the interims. Just over 2000 shares traded in the last week, or £400 worth !!! Until HMLH can show real progress in integrating acquisitions, and then rebuilding operating margin and profitability, these will continue to be written off. The share price is 15% below where it was 5 years ago today and the company is worth less than they have spent on acquisitions. Until they can be shown to have been worthwhile and that they will add to profitability, the Board is not really going to be believed. So, let us hope the interims are good and there are no further costs ( which seem to crop up every period) that are used to explain why life is tough out there.
02/11/2018
08:01
graham1ty: HMLH are just round the corner from where he lives. Despite getting to know them quite well, he did not have faith that they could deliver. At the current share price......he was right. Until they show some margin benefit from all the acquisitions, and that they can bolt together such a diverse bunch, all on the same systems, until they can do that it remains a mess and gross margin and operating margin will continue to fall. Who wants to be invested in a business when, our time, it gets more and more costly to run the show ?
29/5/2018
15:10
graham1ty: SteMis, they do have a lot to prove. I have added up the gross cost* of all acquisitions since listing and it is £15.7m. With the current market cap at c£15.5m, and HMLH IPOing at £2m, the acquisitions have “lost value” under HMLs tenure (* that is gross, assuming all earnouts paid). The reported gross margin in 1H (12.6%) was at its lowest level since 2012. Margins improved 2010-15, but have collapsed since. Combine those two paras, and in the last three years, HMLH have spent £7m on acquisitions, adding £4.4m in revenue, but generating less than £100,000 in operating profit ( £616,000 up to £713,000). That means that of additional revenue, only 2.2% has been converted to operating profit, and at a cost of £7m !! As a % of the money spent, 1.3% has been converted to operating profit. Of course this is not a problem just in the acquisitions, but represents a deterioration across the whole group. However, the question does remain: was it worth spending £7m to add just £97,000 to the bottom line ? Staff numbers have soared, so revenue per employee was £45,200 in 2010 and is now £47,800. This is a real fall when adjusted for RPI. So HMLH cannot run the enlarged group with fewer people. They just keep adding headcount. With the current c500 employers, that is c£2500 pre tax profit per employee. How do you run a business when margins are so tight ? As they have been so acquisitive, they report an adjusted eps, stripping out amortisation (ie the depreciation charge of all those acquisitions). Then you can get a rising eps number. However, statutory, reported eps......at 1.2p for 1H are the same level as 2013. Despite all those acquisitions, statutory eps are flat. And all of this is higher cost within the business. They flagged HR, then IT, then Compliance. All additional costs. Now they have warned of GDPR cost and reorganisations costs. So, there are more to come. I cannot see gross margin, or operating margin getting back on track in the near future. The only plus is that HMLH is so cash generative. It throws off cash ( all used though for these acquisitions). They have produced £1.76m, then £1.9m, then £2.1m of free cash flow in the last three years. However, ask the question again: would Shareholders be in a better place of the last three years of cash flow (c£6m) had been retained on the balance sheet, or even paid out as a special dividend ? Spending £7m has added nothing ( yet). I hope I am wrong in all of this and they shoot the lights out at the results. The problem is, it is a while since HMLH surprised on the upside.....which is why the share price is down where it is
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