HMV Share Discussion Threads

[graham2405] 09/1/2013 09:27

Thats the deal...........a desperate attempt pump turnover?

Don't hang on to the gift cards for too long though. ;-)

[totally banjo] 09/1/2013 01:40

Busy with COD team tour at moment but no point in posting anything positive hmv wise.....for obvious reasons..

So will have some tunes during a break...

John Prine : Paradise (2010)


Splendiferous version:

John Prine & Nanci Griffith : Speed Of The Sound Of Loneliness



"My Dixie Darling" - The Original Carter Family



"Reno and Smiley I'm Using My Bible For A Roadmap

[peterboroughmatt] 08/1/2013 22:50

I see they are offering 20% off gift cards for AMEX holders.

Fill you boots and buy loads of Ipad's from there with your gift cards, easiest 10% you are ever going to make out of HMV.

[graham2405] 08/1/2013 18:24

zcaprd

I explain this on another forum, but here goes.........

Apollo are highly unlikely to make a bid for HMV Group plc, Why?

They have apparently bought 10% of HMVs primary debt from Allied Irish Bank, they are apparently interested in buying debt from other banks, Why?

If they buy enough debt they can call in the loans and force administration, leaving them as primary creditors to take the company.

They will not need to pay for the equity, they will have written off the supplier debt, and be able to close all the stores they want to.

Now, if they can buy the debt @ 25p in the pound (a figure which seems perfectly reasonable, nay generous, given the current risk to the banks of default) we of course have no idea what they paid for the Allied Irish debt.

In short, the debt is 170m and if they can get 50+% for circa 25% of its value they are home free....

So, for not much more than £20-30m, they could pull off a nice little deal.

Yes they could buy the equity for circa £10m, assuming it did not rise to circa 8p i.e. circa £40m. BUT, they would still owe the debt of £170m.

The total of Equity+Debt is commonly known as the Enterprise Value, it's also the cost of buying the business. When you buy a business you also buy the debt.

Now, do you see why they are buying the debt, and not the equity?

Assuming they have made their interest known to the other banks, its a matter of how much in the pound the other banks will take...........assuming they are up for a deal.

Apollo are not going to bail out shareholders, no sirs.........

All IMHO.........

[zcaprd7] 08/1/2013 15:54

Buying the debt on the cheap is one way of getting control. But blimey, buying the equity wouldn't cost all that much!

[graham2405] 08/1/2013 15:02

"Last year was the worst since 2008 for store closures and retail job losses, according to CBRE. In addition to the failure of Comet, 2012 also witnessed the demise of JJB Sports Plc, Game Group Plc, Clinton Cards Plc and Blacks Leisure Group Plc. HMV Group Plc (HMV), the U.K.'s biggest retailer of CDs and DVDs, raised fresh doubts about its future last month when it said it will probably breach debt covenants this year amid lower-than- expected Christmas sales."

[clocktower] 08/1/2013 11:46

zcaprd7,

"For sure HMV sells their stock at breakeven, or even at a loss, but its not at a loss to the suppliers who need HMV as their only highstreet channel."

BHS was selling discs/games around Christmas time.

[graham2405] 08/1/2013 07:32

Banjo

They are normally only suspended for one reason......

1. The company requests it.

Sometimes/rarely the authorities will suspend trading if they believe there is a 'market' problem.

Clearly HMV shares are effectively worthless, so why would the company suspend, they have other things to worry about than the shares.

I'd suggest that the companys priority at the moment is the banks, and perhaps the employees.

Shareholders tend to rank pretty low when a company is in this stage of a meltdown.

To that end I fully expect the next statement will be along the lines of 'little or no value for shareholders'.

Which of course is already true given that they are changing hands @ circa 1.75p, and that they are in negative equity to the tune of -31p per share.

All IMHO

[totally banjo] 08/1/2013 01:44

La Rain-The Rose of Avalanche


The The - Heartland


The Only Ones - Why Don't You Kill Yourself?


or

The Housemartins - Happy Hour

[graham2405] 07/1/2013 16:41

Only in that the banks will not get back all that they are owed.

Which explains why one bank has already bit the bullet and sold its debt to Apollo Investments, how much they got in the pound is anyones guess.

[zcaprd7] 07/1/2013 15:57

Doesn't a prepack look bad for the banks?

[graham2405] 07/1/2013 12:26

zcaprd

GAME folded, suppliers just supplied the new entity. If HMV has a place it will be with a greatly reduced number of stores and without the debt. No place for HMV Group plc...

Might be room for HMV ver 2.0, might.

In short it needs a shake and bake, a prepack.

[graham2405] 06/1/2013 09:25

Regardless of the above 'leak' by a broker, they must already be aware of the figures, hence this has some validity.

Every decent retailer has virtually live feedback from takings given modern tills and computer systems. Whilst HMV is a failing retailer, I have little doubt that their systems can produce turnover figures on at least a 24 hour basis.

If they cannot make an operating profit (at the very least) during the Xmas period, they are toast. Can't see the banks fronting up another year with now't significant left for HMV to sell.

[graham2405] 06/1/2013 09:20

Not a great surprise..........

[bigbigdave] 06/1/2013 07:57

US vulture circles HMV and Dreams

AN AMERICAN private equity giant is plotting an audacious double swoop on Britain's struggling high street.

Apollo, a vulture fund, is close to making a fresh move on HMV just weeks after gobbling up some of its loans on the cheap. Its ultimate aim is to take control of the troubled music and DVD chain.

The firm, founded by the Wall Street trader Leon Black, is weighing up a similar plan for Dreams, the bed retailer that has been put up for sale after its private equity backers refused to inject new cash.

Apollo's sudden interest in Britain's high street comes after it raised a £2bn war-chest specifically to snap up struggling businesses in Europe. A raft of retailers collapsed in 2012, including Clinton Cards, Comet and Game Group.

Apollo bought out one of HMV's bank lenders last month after the chain warned that its future was hanging by a thread. Its share price has fallen to 1.8p, giving the chain a value of less than £8m.

The American fund targets businesses whose debt problems may enable lenders to step in and seize control. It has pounced on several troubled British companies, including Gala Coral, the bingo and casino operator.

At the moment, Apollo owns only 10% of HMV's loans. It needs a majority position to stand a chance of taking over the company.

In recent weeks it has been trying to pre-empt an auction of Dreams by persuading Royal Bank of Scotland and Barclays, the company's main banks, to sell their positions.

However, for the moment the pair are holding off to give Mike Clare, the founder of Dreams, time to mount a bid to buy back the company. Apollo declined to comment.

[marmar80] 05/1/2013 23:57

Bought Marley headphones..Could not test them at store, bought them anyway. Now they don't work with android phones, only with Apple products. Can't return them to HMV... not happy at all!!

[graham2405] 04/1/2013 20:40

Keep playing the banjo............

[graham2405] 04/1/2013 20:39

"Overall sales were down 33.1% from the previous year, with purchases of home consoles, such as the PlayStation 3 and the Xbox 360, falling by 34.1%.

"Handheld consoles fell by 31.3%, despite the introduction of new products such as the PlayStation Vita and Nintendo's 3DS XL.

"Earlier this week, separate figures from the Entertainment Retailers Association painted a positive picture of the games industry, with UK digital sales topping £552m in 2012.

"That figure was mainly generated by massive multiplayer online games, social gaming and online console transactions."