HMV Share Discussion Threads

[n3tleylucas] 08/3/2013 23:06

Part of me cheered when HMV went bust, they destroyed so many small independent record shops in their time.

It is like they got their comeuppance, ...

Then again, life isn't as simple as that, is it? ... because after sucking the lifeblood out of a whole sub-sector, they then made efforts to do some good, too little, too late.

A funny kind of justice has happened, bitter ... not sweet really.

And yes, it's being run down, quite depressing.

WATERWORLD - 'Dead'


Messages by Maston.
From the debut album 'Shadows' released via Trouble In Mind Records February 12th.

[nolens volens] 08/3/2013 21:55

HMV Disposals:-

Asian stores to AIDS Partners Capital

Morrisons picks up 6 hmv stores i convenience stores drive

Sun says 2 parties vying for remanig stores for at least £50 million

[nolens volens] 26/2/2013 20:57

Music sales hit first upbeat since 1999

Visited one of HMV's Fopp stores today. Can't really comment as I don't visit often enough but it looked like stock levels were being run down especially headphones and vinyl though I heard that the administrators had signed fresh supplier agreements There were a couple of turntables on sale though which I had never noticed in there before and some discounts in touch i pods I think being flagged up on signs on the door.

Must Exonearte hmv from blame as I finally received my voucher for the tour of Anfield with lunch for two via the company which handles/ed hmv pure point redemptions for experiences now all I am short of is a voucher for a few single downloads Party Like its 1999

[nolens volens] 20/2/2013 18:55

There were discrepancies in the holdings RNSes issued by hmv and the list of major shareholders appearing in subsequent shareholder circulars. As far as I could tell from the information on line issued by the FT, Mr. Mamut's Channel Trustees were not listed as a major shareholder in the recent past nor were many others. So I do wonder if shares were dumped over a 13 month period without proper disclosure in terms of the FSA's Disclosure and Transparency Regulations.

hmv had a director who is married to the Chairman of the FSA and the company could only act upon information supplied to it by the major shareholders but that doesn't account for apparent discrepancies in holdings RNSes and lists of major iis appearing in shareholder circulars.

The UK Listing Authority don't seem to encourage complaints about potential breaches of regulations. In many cases, complainants are not even notifed of the outcome of their investigations and I cannot understand the logic in that though I do appreciate that the process involved in carrying out the investigations may require to be kept confidential. In any case, I think we need to see more action and a small fine imposed on a former Chairman of Morrisons in recent years is not enough to set my mind at rest but I wonder what the politicians think.

Suffice to say, I will not be lining the pockets of OpCapita or Hilco or Amazon in the future. Feel sorry for hmv's passionate staff but a lot of them weren't half as passionate as some of hmv's ordinary share holders or they would have done what Game's staff did and joined these anonymous discussion bbs in spite of any orders they had received from Fox and the now redundant Mr. Moore.

A 90 odd year heritage down the drain and a massive blow for the creative industries in this country and who's going to shop in hmv now whether or not Elton does a few free gigs? They might have honoured Christmas gift cards after a stushie but the loyalty points scheme and redemption has been suspended and on line is off line so who would return to that. For me it's like thorntons - my nearest extant branch moves further and further away. hmv RIP.

[loganair] 20/2/2013 17:16

These guys didn't actually lose that much as mostly held on behalf of us, pension funds, Unit Trusts etc so actually once again it was the ordinary person in the street that lost out.

[nolens volens] 20/2/2013 16:57

Not sure from the RNSes

how many of these guys were left in at the end:-

UBS Global Asset Management

Schroders plc (amount held?)

Hendersons ( amount held?)

Various entities connected to Channel Trustees Limited (as

trustees of the Mamut Trust) of which the beneficiary is

Alexander Mamut)

Fidelity International Limited

Blackrock, Inc

Artemis Fund Managers

Norges Bank

Legal & General Investment Management Limited (think they were out)

Standard Life Investments

Pacific Capital Sarl (think they went below 3%)

Universities Superannuation Scheme Limited(think they were out)

Thameside Metro Borough Council ?

Oh and not forgetting the Thai guy Aprichart

Anyhows

If you would like to contact us regarding a potential breach of our rules, you can write to us at:

Investigations and Enquires Team

UKLA Department

Financial Services Authority

25 The North Colonnade

London E14 5HS

[nolens volens] 20/2/2013 16:49

HMV to close another 37 stores including Lancaster (which I gather had a good vinyl section) and East Kilbride which had a nice selection of local confectionery in addition to the 66 closures already announced. and these lists probably don't mention that hmv Perth closed too recently.

Mind you who's to say some stores will not reopen. Noticed on this bb that a poster, jim clark, was saying that hmv Ocean Terminal looked busy before Christmas and I said that might have been because the Game shop there had closed last year when Game went into admin. Paid a visit to Ocean Terminal last week and spotted that Game had reopened there though not sure when exactly and hmv a few doors away had closing down signs up. No closing down signs at Waterstones a few doors along but then Mr. Mamut did pay a lot less for Waterstones than hmv paid for it. Anybody know if Mr. Mamut sold his hmv shares? Lloyds (main lender to hmv pre- admin) subsidiary got many of the Live venues for not much more than hmv paid to refurbish one viz. the Manchester Ritz and didn't even hand over half the monies at the time of taking them off hmv's hands and Hilco who have bought the debt and who might buy the surviving UK stores got hmv canada for a couple of million. I suppose we can add these to the list of reasons (including Corporation Tax and LVCR and Amazon , supermarkets and legal and illegal downloads) why hmv stopped becoming a profitable company which was paying a healthy dividend only two years ago. And we'll never really know whether techy sales would have gone from strength to strength, Amazon would have come under the cosh from the abolition of LVCR and the Public Accounts Committee's scrutiny of their Corp Tax evasion and the demise of Blockbuster and Comet and partial demise of Game and play.com would have helped hmv plc. Still Sir Elton to play some in store gigs - but could he not just have bought the chain if he really wanted to help

If the poster on lse theonesamurai is reading this - just want to say that I visited Avalanche Records in Grassmarket recently - aimed at a totally different market to hmv imo. Think they were selling what looked like second hand clothes. LOL Noticed TB is being accused of being an employee at his new share chat bb home but I reckon he's a freelance pr person not tied to any one company.

[weevie1978] 07/2/2013 12:53

Apologies if already seen ....

[sanks] 04/2/2013 22:33

Send'm the address to the farm...

...............

[peterboroughmatt] 04/2/2013 20:53

Send them any offer.

[badgeman] 04/2/2013 20:18

What about the website- it was trading after administration, but now it's closed.

[graham2405] 31/1/2013 15:31

Gay bars and club sold.....

Yesterday was deadline for buyers of HMV to declare interest, hence todays redundancies.

I dare say more are to come, details on stores and further redundancies to be released soon, when they announce details of buyers.

I expect up to 100 stores to be saved.

[loganair] 31/1/2013 10:17

Reports have suggested that Theo Paphitis has contacted HMV administrators Deloitte about taking on some of the retailer's stores.

The Ryman Group and Robert Dyas owner is also in-line to acquire Jessops and Blockbuster stores and has been in talks with administrators PwC.

Earlier this month, following being bombarded by pleas on Twitter to save the retailer, Paphitis tweeted: 'No HMV not for me, sadly has no reason to exist any more!'

This week, he said: "My interest for HMV harks from an era that thinks what a great brand. Often I have looked at things and thought is there something there?

"Also I could put a Dyas or Ryman in some of its stores, and am also talking to the administrator of Jessops where I have identified some shops, as well as Blockbuster."

[notanewmember2] 24/1/2013 19:31

HMV need next to zero rents to pay on it's premises and zero business rates (which are probably "up review only") These are killers to any shop and are probably fundng someone's bloated pension or a busybody re-rewriting the audits for the annual paperclips licence. Has your business made the necessary changes for 2013 Paperclip compliance?

[loganair] 24/1/2013 09:34

Jessops brand buy-out: Camera shops in HMV stores?

Talks are underway to discuss the possibility of opening Jessops-branded outlets in HMV music stores. Hilco is now the most likely of all the prospective buyers to take over the Jessops brand.

HMV chief executive Trevor Moore was a former boss of Jessops. Moore left the camera chain last year.

Hilco is only expected to want about half of HMV's stores and so the property consultants CBRE and Savills have been brought in to help offload potentially unwanted sites. They are expected to examine offers for the stores in 10 days' time.



Supermarkets are looking at snapping up HMV outlets to boost their convenience store chains.

Morrisons is thought to be interested in up to 20 sites to boost its M Local chain.

Morrisons has 12 convenience stores at the moment and wants to open at least 50 more this year as it races to catch up with rivals. It is also rumoured to be looking at Blockbuster stores after the retailer went into administration last week. Morrisons admitted that a lack of smaller stores contributed to its poor Christmas performance compared with rivals.

Tesco and Sainsbury's, which already have significant convenience-store chains, are also thought to be looking at HMV sites.

Other retailers thought to be interested in HMV stores include New Look, JD Sports and J Crew, the US retailer which has been looking for a London flagship. Game Retail, which was bought out of administration last year by Comet's former owners, OpCapita, is interested in buying 45 stores.

[loganair] 23/1/2013 10:30

Following reports yesterday that Hilco has acquired the debt of collapsed entertainment retailer HMV, Chris Moody, creative director at global brand and innovation agency Wolff Olins, shares his thoughts on what HMV needs to do next to thrive again.

The news on Sunday that a group of music and film companies were looking to come together to save HMV by discounting products to sell in store is a cause for concern. The music and the film industries are even more broken than retail.

Don't forget that music and film are exactly the same industries that didn't come up with disruptive innovations like Amazon and Spotify. This move has the potential to perpetuate a broken business model for HMV. But now that Hilco has acquired HMV's debt, which effectively gives Hilco control of the retailer, what can it do to begin to change the game.

HMV has spent the last few years making its high street presence mini identikit versions of an Amazon warehouse, each one stocking the same anodyne guff I can buy cheaper online – I'm only likely to go in if I know what I want. There's a parallel in the world of fast food or fast fashion: the Byron hamburger chain sell patties all over London but no two restaurants are the same because no two sites are the same, Topshop has different stock in every store. What if HMV in Hackney had exclusives that HMV Kings Road didn't?

HMV has some iconic retail locations, but there is no reason to meet your mate in the once brilliant Oxford Street store. Taking its cue from unique cinema chains like Ritzy, HMV could stop acting like a supermarket and became a destination again. A place you want to hang out in and experience the passionate, exciting and escapist world of music that shaped young identities and returns spirit to old ones. In-store gigs, record label take-overs, second-hand sellers, boutique concessions. Give His Masters Voice some personality again.

Starbucks match its stores to its locations. They're places where people hang out and meet others. And while some of HMV's current stores might be the wrong size, there is still a place for various sizes and shapes of HMV stores up and down the country.

And even better if they're staffed by passionate experts, like the wine lovers at Majestic. People that live and breathe the product, where a conversation with someone in store always leads you to walking away with more great discoveries. Celebrate difference and discovery. Amazon proudly claims to never have accidents but I have discovered some my favourite bands by accident, HMV can be the place where I do that again.

Finally, embrace digital. Not as a competitor to the retail store, but something that works alongside it that gives people more of what they want. Just like our music tastes are a mixed bag of obscure artists and guilty pleasures, so too are our listening habits including Spotify, vinyl, iTunes and good-old radio. We're listening to more music than ever before. HMV can be one of the brands at the very top of the tree that helps people get more into music and become fans. Real fans feel music and will follow it everywhere. And that's a powerful place to build a brand.

[kjpounder28] 22/1/2013 19:44

Do you think they will start trading again??

[clocktower] 22/1/2013 14:06

VK74 - Use them to keep you warm or wipe your backside, they are worthless.