Homeserve Share Discussion Threads

[muscletrade] 22/11/2011 10:04

Well a valient effort to dress the results up, but still a profit warning whichever way you look at it. The first of how many??????

[lennonsalive] 22/11/2011 09:59

I think they are lucky Watchdog are not currently on BBC1, if this had been the case then 3-4 million views would have been aware of the issues around the misselling and I fell more contracts would have been cancelled.

[edmondj] 22/11/2011 09:31

Disillusioned with plumbing insurance companies I sought out a good independent firm on a traditional pay-as-you-go basis who sent out their supervisor to service my boiler. Querying his opinion on Homeserve he reckoned their dilemma is too many generalists who do everything from repairing windows to plumbing; but can you trust them for a specialist job? This seems to tally with some frustrated customer feedback online although is just one opinion.

Anyway I got a great service and am not going back to insurers.

[sanks] 22/11/2011 08:59

Like i said, the writting is on the wall. No business can servive which has no respect for its customers who have made it what it is!

Hence my buy order in at 12p
Hope its helping
Sanks

[masurenguy] 22/11/2011 08:48

Preference.

[lennonsalive] 22/11/2011 08:45

masurenguy, how come your text comments are in a different font from the rest of us? Just curious.

[masurenguy] 22/11/2011 08:42

The real issue is the impact that this whole mis-selling scenario will have on their future business. Invesco increased their holding by circa 11.5m shares in 3 tranches over 3 weeks and look to have paid and average price of around 260p. They already held over 50m before this scandal errupted so they may have been averaging down or they might have thought that a 45% fall was overdone.

The shareprice is now down by circa 53%. Nobody really knows whether Invesco's apparent view that the consequences have been overdone, or Simon Cawkwells view that the writing is on the wall for this company, will subsequently prevail. You pays your money - long or short - and you takes your chances !

[kristini2] 22/11/2011 08:41

ek was spot on, the shareholders are waking up to the problems ahead having seen the allowances being made in the resulys and impact of the review, could bleed to below £2 before the end of the week

[lennonsalive] 22/11/2011 08:31

So profits are up, however loss of 17.5% of customers in that small amount of time. 10 million restructuring costs and a further 10 million per year (unsure why).

Current year customers will reduce 5% and income renewable money down 15 million in 2013.

I'm I reading this right?

[nasprey] 22/11/2011 08:26

What were Invesco thinking?.....

[captain_kurt] 21/11/2011 19:59

Keep short till atleast £2.00 imo

[kristini2] 21/11/2011 16:53

i remain short on this one, the risk is of some fabricated statement tommorow accomopanying the results with a positive spin designed to support the share price.

Evil thinks not which provides some reassurance, clearly risky taking positions on results day. Will be up early to review the release in the morning,

[grahamburn] 21/11/2011 14:30

Invesco picked up (almost) another 4 million shares on Friday (following their two acquisitions earlier this month totalling over 7 million). Now hold in excess of 20%.

What do they know/think/expect?

[mj19] 21/11/2011 10:40

results tomorrow, something is holding this up. Anyone still short? chart looks as though it could turn up

[simon cawkwell] 20/11/2011 16:51

kristini2,

It is quite impossible for HSV to go up on Tuesday - other than on minor adjustments to buyers/sellers pressure. The fact is that this company has no idea where it is.

It must be stressed that HSV is a massively deceitful enterprise where society's retribution has yet be determined.

Personally, I reckon HSV will have faded away to all intents and purposes within a year. Just consider the refunds it will now be forced to make.

It is far from clear that there are funds available to meet these claims and, of course, a rights issue is out of the question until the financial position is clarified - and this must take months.

I doubt if there is any identifiable worthwhile business. That is the real long term problem.

Simon Cawkwell

[grahamburn] 18/11/2011 15:12

Results Tuesday not Monday.

[kristini2] 18/11/2011 15:09

falling price late pm in advance of the interims on monday, sign of a sell off?

[nasprey] 18/11/2011 08:13

Homeserve USA:

[kristini2] 16/11/2011 09:01

this share is moving up in the short term............

[kristini2] 16/11/2011 08:47

this share is treading water awaiting direction, i wonder should the interims be ok with another statement that they are dealing with the complaint process, and we see another jump in the share price, who knows?

what the market has not grasped is that with pricewaterhouse overseeing the review this is as good as the fsa being in. The work will be assessed by the fsa having been verifed by PWc, this is a way that the fsa avoid taking up too much of their resource.

the cost i assume is all met by hvs

[kristini2] 15/11/2011 16:28

you sound like that idiot elsworth who used to post his inane comments on these BBs