HMV Share Discussion Threads

[nghomi] 15/1/2013 07:55

High street is bust with government's policies of 20% VAT and minimum wages rules. VAT should go back to 15% and even less....

[goldfeverrush] 15/1/2013 07:46

Any 1 seen MONTY HMV FOOL?

[ray hankin] 15/1/2013 07:46

Anne Summers

[deanroberthunt] 15/1/2013 07:42

So who's next, or is that it now all the chaff gone....

[bobsidian] 15/1/2013 07:31

I am more surprised at just how long HMV remained operating.

Doubtless the lenders considered it wiser to keep HMV in existence long enough to negotiate best value for the piecemeal disposal of the prime live venue sites.

HMV will probably not be the last of the major high street names to go to the wall. It was somewhat bizarre to read a recent newspaper article even questioning the viability of Marks & Spencers.

[deepvalueinvestor] 15/1/2013 07:20

Relieved I got out last week and won't need to look at nil valuations for 5 years. Horrible but a reminder that the world is changing so there is not always going to be a last man standing in the old world. A very sad day for the uk high street and will come as quite a shock to people when the next go shopping. I went into Hmv at the weekend but confess that I didn't buy anything as I thought my next visit would provide greater deals....

[crosswire] 15/1/2013 07:17

This was the nail in the coffin:

4th Jan 2013

Virgin France - Down and out - How much longer can HMV last?



Hope you all sold after that news!

[goldfeverrush] 15/1/2013 07:11

HMV Group PLC Suspension of trading in the ordinary shares
Print
Alert
TIDMHMV

RNS Number : 5345V

HMV Group PLC

15 January 2013

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN AND SOUTH AFRICA AND SHOULD NOT BE DISTRIBUTED IN, FORWARDED TO OR TRANSMITTED INTO ANY JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF LOCAL APPLICABLE SECURITIES LAWS OR REGULATIONS.

15 January 2013

HMV Group plc

("HMV" or the "Company" or, together with its subsidiaries, the "Group")

Suspension of trading in the ordinary shares and proposed appointment of administrators

On 13 December 2012, the Company announced that as a result of current market trading conditions, the Company faced material uncertainties and that it was probable that the Group would not comply with its banking covenants at the end of January 2013. The Company also stated that it was in discussions with its banks.

Since that date, the Company has continued the discussions with its banks and other key stakeholders to remedy the imminent covenant breach. However, the Board regrets to announce that it has been unable to reach a position where it feels able to continue to trade outside of insolvency protection, and in the circumstances therefore intends to file notice to appoint administrators to the Company and certain of its subsidiaries with immediate effect. The Directors of the Company understand that it is the intention of the administrators, once appointed, to continue to trade whilst they seek a purchaser for the business.

It is proposed that Nick Edwards, Neville Kahn and Rob Harding, partners of Deloitte LLP, will be appointed as the administrators of the Company and certain of its subsidiaries.

The Company's ordinary shares will be suspended from trading on the London Stock Exchange with immediate effect.

[ajmace] 15/1/2013 07:09

Shares have been suspended - that's it now for shareholders.
Those left holding the paper at the end are all losers.

[currypata kai] 15/1/2013 07:04

This is really sad...a great British name down the tube....

[vikingwarrier] 15/1/2013 06:56

Any guesses when the sale will start?

[skinny] 15/1/2013 06:04

Music and DVD chain HMV is to appoint an administrator, making it the latest casualty on the High Street and putting about 4,350 jobs at risk.

Deloitte will keep HMV's 239 stores in the UK and Irish Republic open while it assesses the prospects for the business and seeks potential buyers.

Trading in HMV shares on the London Stock Exchange is being suspended, HMV said in a statement late on Monday.

[2bung] 15/1/2013 00:17

Hope no one filled their boots here.

HOME probably next to fall.

[brando69] 15/1/2013 00:06

Wonder if HMV will still be open by the time 'The Fool Monty' comes out on DVD.

[rbonnier] 15/1/2013 00:00

Looks like that Hedge moron has been had lol !

[brando69] 14/1/2013 23:13

monty went to the hmv sale today and bought the 1p per share deal.

wait til his wife finds out...

[lennonsalive] 14/1/2013 23:06

HMV were too expensive before the internet, really sad for there staff who I'm sure worked really hard to try and make this business work.

[neilyb675] 14/1/2013 22:42

they should have a one day sale, £1 per any CD and £1 per any DVD........they would shift some stock imhpo

[brando69] 14/1/2013 22:40

Aye, not nice to gloat at others losing money... but monty has been such a pompous dweeb over the years, quick to mock others... that this is the karmic cycle coming back to bite him on the erse...

[salpara111] 14/1/2013 22:40

Sad but inevitable.