Share Name Share Symbol Market Type Share ISIN Share Description
Hml Holdings 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
  +0.00p +0.00% 41.00p 39.00p 43.00p 41.00p 41.00p 41.00p 25,000.00 07:53:46
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 18.6 1.2 2.7 15.2 18.29

HML Holdings Share Discussion Threads

Showing 476 to 500 of 500 messages
Chat Pages: 20  19  18  17  16  15  14  13  12  11  10  9  Older
DateSubjectAuthorDiscuss
27/4/2017
15:05
But the only trade today is a sell at 39.5p...... No one believes them ( or is interested)
graham1ty
27/4/2017
11:11
Good to see Paul Scott opined positively yesterday: "HML Holdings (LON:HMLH) - a trading update for y/e 31 Mar 2017. Earnings are anticipated to be in line with market expectations. This property management company is expanding with lots of small acquisitions. It looks good value, with a forward PER of only 9.42. Although bear in mind that it's an illiquid stock" IMO the next year will be key and could be transformational for HMLH given all the acquisitions. With investment and infrastructure now in place I suspect this is the reason for the director's comment about the excitement to come.
rivaldo
27/4/2017
09:55
Still think you guys are missing the elephant in the room.........they have a highly acquisitive business model but pay too much for their acquisitions which create the integration headwinds and lack of economies of scale. If they were able to pay a comparable rating to their own, then roll out the high margin insurance to the acquired companies everyone would be happy.
cockerhoop
27/4/2017
09:26
"They seem unable to run a substantially larger group with less overhead." That is indeed the problem, and has been demonstrated over a long period. Recently, they spent heavily (and one hopes wisely) on new IT infrastructure. So, holders no doubt hope or expect to see operational efficiencies flow from that investment. It's now time for the CEO to prove his competence and significantly increase productivity by improving operational efficiency. If he can't, then it's time to look for a replacement. Maybe one who's less excited and more capable.
briangeeee
27/4/2017
07:06
Martin, I have been in HMLH probably 6/7 years now. I first was attracted to the cash flow, as they throw off cash, all of which gets recycled into acquisitions. There has also been continuing eps growth. What has been most disappointing is the absence ( apparently) of any economies of scale. The acquisitions seem to cause more problems integrating than they should ( despite the fact they have made over 20) so each time they have ( in the past) said "immediately earnings enhancing", that has just not been the case. We gave them a hard time about that and they now say "earnings enhancing once integrated" which is meaningless. So in 2006 there were 94 employees and £4.2m revenue ( or £44,900 per employee). Last year 389 employees and £18.6m revenue ( £47,700 revenue pre employee). Revenue has quadrupled, but so have the number of employees. They seem unable to run a substantially larger group with less overhead. The two recent acquisitions Gordon ( revenue £1.1m) and Faraday ( £1.9m) between them add over 15% to revenue growth. If they were earnings enhancing, forecasts would have risen. Maybe the "excitement" is that there is lots of upside to come, yet it has not been factored in yet ???
graham1ty
26/4/2017
14:51
Graham1TY Thank you for sharing your thoughts re HMLH. Certainly the share price has been anything but exciting in the period whilst I have been holding shares. I am prepared to give the company a little more time in terms of firmly establishing themselves on a credible growth path. I guess I am hoping that the past will not be a reliable guide to the situation going forward. Cheers, Martin
shanklin
26/4/2017
14:31
Finncap retain their Buy and 48p price target. I suspect this may be increased after the results are out: "HML Holdings* (CORP) Positive trading update Ticker: HMLH Market Cap: £18.3m Price: 40.5p Target Price: 48.0p The group has issued a positive trading update for the year to March 2017 confirming earnings in line with market expectations. The group has a very high visibility to revenue and a predictable cash flow profile. We believe its strategic mix of organic and acquisitive expansion is capable of sustaining double-digit unit annual growth in a large and fragmented market. We retain our 48p target price, implying potential share price upside of 19%."
rivaldo
26/4/2017
09:32
"Exciting" is one of the words that I look for in RNS announcement as a trigger to sell. Not fully reliable, but I've found it a good overall strategy, and certainly an indication of weak management. ...... ps - I haven't sold here, but it's on the watchlist.
briangeeee
26/4/2017
09:31
Sorry, meant to put the June 2014 price in there. It was 37p on the FinnCap note. Allowing for the spread, you might have paid 38p to get in. At 39p bid as I write, you are up a penny ! And have had about a penny of divis. Hardly exciting recently !!
graham1ty
26/4/2017
09:27
Shanklin, I think a read of some of the 2012-14 announcements were pretty positive. In that period forecasts rose during the course of the year, then HML beat them ( 2014 forecast 2.6p, actual 2.9p, 2015 forecast 3.1p, actual 3.2p). Then they hit a wall of costs and overhead that was the reverse of economies of scale: real teething problems in growing up to be a big company. For the year to March 2016 forecasts started at 3.6p, but they reported 3.3p. FOr this year to March 2017, the first forecasts were for 3.7p, then downgraded to 3.5p, then downgraded to 3.4p. Only at the interims in November, were they pushed up again to 3.8p. At the AGM last year there was a lot of discontent. The share price was low 30s, down from a high of mid 40s. In JAn 2015, the major shareholder LTC sold a block at 33p, then in Aug 2016 a block at 30p. By the AGM in September there was a lot of grumbling. Let us hope the new found excitement is justified. However the price remains at roughly the same level it was in 2014 when HML was a lovely Growth stock. The June 2014 FinnCap note was headed "Acquisitive Growth in prospect" with a target price of 45p. Their March 2017 note upped the target price from 45p to 48p.......just three years later.
graham1ty
26/4/2017
09:02
Having been to last year's AGM, my view is that something pretty notable must be going on for the CEO to use the word "exciting". My impression of him (purely from the AGM) is that the last thing he would want to do is to overplay HMLH's prospects.
shanklin
26/4/2017
08:09
Rivaldo, I hope you are right !
graham1ty
26/4/2017
07:55
Graham, did you perhaps miss this from today's RNS - it's HMLH themselves who say 2018 will be "exciting"! "Robert Plumb, CEO of HML, commented: "With the continued support of our investor base, we have substantially grown both our client base and our office network. With the integrations of the acquisitions well underway we look forward to an exciting 2018." Today's RNS is reassuring in itself, but the change in tone of the CEO is interesting and I would say intentional/deliberate.
rivaldo
26/4/2017
07:46
I agree, a characteristically bland statement.
mcfly79
26/4/2017
07:29
Rivaldo, it is pretty dull RNS. Concentrates on top line expansion, not a word about margin improvement and economies of scale which HML have been unable to achieve over the last five years. In line is good, but I read dull, not "exciting" !
graham1ty
26/4/2017
07:24
Good to see the trading in line for historic 3.8p EPS forecasts. HMLH now enter a year with forecast 4.3p EPS - with more acquisitions likely - which makes a 40.5p share price pretty cheap. I too did a double-take when I saw the word "exciting" as regards prospects for 2018 :o)) Hopefully this signals HMLH is finally entering a step-change in prospects after the 3 recent acquisitions.
rivaldo
26/4/2017
07:10
Not sure if I have seen HMLH use the word "exciting" before. And their TS is much sooner after Y/E than last year's. Both seem positive signs.
shanklin
24/4/2017
07:31
RNS - City Asset Management have been buying (they must have bought the 100,000) and now have well over 3% with 1.47m shares. Good news: Http://www.investegate.co.uk/hml-holdings-plc--hmlh-/rns/holding-s--in-company/201704211618540389D/ Http://www.city-asset.co.uk/ "What We Invest In As our investment approach is flexible, it gives us the freedom to use a range of different asset classes and investment strategies throughout the economic cycle. We specialise in finding the best fund managers across a range of different asset classes and sectors. Our dedicated investment management team create a diversified portfolio which will aim to generate the best risk adjusted return for your portfolio. Our in-house research team assess all investments prior to purchase. Investments are usually, but are not confined to, collective investment vehicles, both on and offshore."
rivaldo
20/4/2017
23:19
There's the real reason for the tick up - a 100,000 share institutional (OK trade) buy at 42p.....
rivaldo
20/4/2017
11:35
A tick up on a 5k buy. We should get a year end trading update in the next 3-4 weeks hopefully confirming a minimum of 3.8p EPS (with 4.3p EPS forecast this year).
rivaldo
03/4/2017
12:45
Good to see the Chairman transferring 30,000 HMLH shares into his ISA - he evidently thinks they're a safe bet.... Http://www.investegate.co.uk/hml-holdings-plc--hmlh-/rns/director-pdmr-shareholding/201704031155423823B/
rivaldo
02/4/2017
12:08
I think the 2007 result is a bit of a red herring since there were already convertible loan notes in place that aren't factored in to my figures above (all my figures above are on a pre dilution basis). I haven't looked in detail but I can see that LTC converted loans into 11m share during the 2008 year end. The company did issue shares to fund growth in that time that also diluted earnings but I'm not going to spend any time looking into the eps effect of those actions. I think the last 8 years is a long enough time to judge the management's action on. My concern is how the company will raise margins and eps going forward and I also want to get a better handle on the impact that a housing market correction or credit market tightening would have. Any thoughts on these from anyone would be appreciated.
mcfly79
02/4/2017
11:07
So in summary in the last 10 years they have grown EPS from 2.78 to 3.80 at a CAGR of 3.17%.
cockerhoop
02/4/2017
10:15
It's good to see that the company reported adjusted eps in the H1 report for the first time. I've calculated the adjusted eps going back to when the company floated to get a true reflection of growth over that time (year on year increase given in brackets). Year end March: 2007: 2.78p 2008: 1.67p (-39.9%) 2009: 0.72p (-57.1%) 2010: 0.99p (38.9%) 2011: 1.36p (36.3%) 2012: 2.05p (50.7%) 2013: 2.59p (26.6%) 2014: 3.21p (23.8%) 2015: 3.56p (11.2%) 2016: 3.79p (6.2%) Forecast 2017: 3.8p (0.3%) Forecast 2018: 4.3p (13.2%) The reason for the drop in eps from 2007 to 2009 was because a large number of shares were issued and a bad trading performance in 2009 due to the macro environment. The weighted average number of shares increased from 10.6m for 2007 to 31.5m for 2009 due to LTC converting loan notes into shares and additional shares being issued to fund acquisitions. From 2009 to 2016 the number of shares issued was not too large. For 2016 the weighted average was 37.8m. We have recently had the large share issue to fund acquisition and the number of shares is currently 44.7m. From 2009 to date the eps record has been exceptional in my opinion, and I think 2017 and 2018 will come in ahead of forecast. 2018 will make it 9 years straight eps growth. The eps growth has clearly slowed in recent years (but is due to pick up again in 2018 based on forecast). This has been put down to investment in systems and infrastructure and it’s now for the company to demonstrate that it can start reaping the benefit of that investment. In particular we now need to see the margin start to improve. This has been stagnant since 2013 at just under 8% for adjusted profit (post tax). I know this has been discussed on the board before but does anyone know if the company has a target for margins (adjusted profit or otherwise)?
mcfly79
29/3/2017
23:22
RNS late tonight - City Asset Management have gone above 3%, with 1.36m shares, having bought another 124,000 shares. Good to see another institution on board. Here's their web site: Http://www.city-asset.co.uk/ "What We Invest In As our investment approach is flexible, it gives us the freedom to use a range of different asset classes and investment strategies throughout the economic cycle. We specialise in finding the best fund managers across a range of different asset classes and sectors. Our dedicated investment management team create a diversified portfolio which will aim to generate the best risk adjusted return for your portfolio. Our in-house research team assess all investments prior to purchase. Investments are usually, but are not confined to, collective investment vehicles, both on and offshore."
rivaldo
Chat Pages: 20  19  18  17  16  15  14  13  12  11  10  9  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:42 V: D:20170427 22:26:28