Homeserve Share Discussion Threads

[grahamburn] 10/2/2012 16:10

Only proviso with the Money Week article is that it specifically states that it is ignoring the international business. The figures quoted on insurance premiums etc seem to confirm this. So, suppose Homeserve's success/survival (if one accepts the prospective doomsday scenario in the article of a collapse in the UK business model) depends on its international growth - if, of course, that isn't similarly affected!

[nasprey] 10/2/2012 15:14

Nice article,

The last line sums it up pretty well..

"In short, far from being a value investor's dream, Homeserve looks more like a falling knife. Do not catch it."

[jimbob] 10/2/2012 13:58

Article in moneyweek

[macau] 10/2/2012 12:59

More likely to see 300p before 200p.

[volsung] 10/2/2012 12:55

I have bought some. Target 300p

[nasprey] 10/2/2012 10:46

De-Ramping?!

This is a discussion thread about Homeserve. We are doing just that.

If the company looked positive and we thought it was going to rise, we'd be talking about that and linking charts and info that reflected that.

But since the company is looking dire and the charts and info are reflecting that, we are discussing it...on the Homeserve discussion thread.

I have had long and short positions in HSV since october, so it doesn't matter to me if it goes up or down, as long as i'm riding it at the time.

I hardly think comments on this ADVFN thread is going to affect the share price in any way.

[macau] 10/2/2012 10:39

You are probably right, but best of luck with your trading anyway..

[mechanical trader] 10/2/2012 10:07

Deramping!! macau?

can hardly call it deramping for a stock
thats forecast to go ex-growth going forward.

Homeserve ForecastsYear Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield

31-Mar-12 513.10 121.69 26.99p 9.1 2.2 +4% 11.13p 3.8%

31-Mar-13 558.74 116.91 26.03p 9.4 n/a -4% 11.50p 4.0%

Digital Look

In black and white -4% drop in EPS and i bet
thats revised down going forward.

[macau] 10/2/2012 09:44

Keep de-ramping!!

[mechanical trader] 10/2/2012 09:43

Get somemeat on the bone from
Brokers Sells.....................

190p and 220p

Date Broker name New Price Old price target New price target Broker change

08-Feb-12 Panmure Gordon Sell 240.10p 190.00p - Reiteration

08-Feb-12 Peel Hunt Limited Sell 240.10p 220.00p - Reiteration

So present share price 248p so a fair drop for holders.

[mechanical trader] 10/2/2012 09:12

Interesting to see IG Index client
numbers short 78%.....................

Client Sentiment

22% of IG clients with open positions in this market expect the price to rise

78% of IG clients with open positions in this market expect the price to fall

[lennonsalive] 10/2/2012 08:55

Everybody gets it wrong once in a while.

It's how you deal with it quickly to cut losses.

[macau] 10/2/2012 08:52

Evil Knevil gets it wrong quite often as well!

[mechanical trader] 10/2/2012 08:27

Interesting to see Evil Knevil is short
down to 200p.

...at least.

Must have a good informant.

[mechanical trader] 09/2/2012 20:20

Stock was tipped in Investors Inteligence
today as a short and added to their
portfolio.....



Homeserve - is a weak stock and should be shorted. Prices are encountering massive overhead resistance and the path of least resistance is therefor south.

Portfolio Update:

We open a short in Homeserve on its profound price weakness

[mechanical trader] 09/2/2012 20:17

Interesting to see Evil Knevil is short
down to 200p.

...at least.

Must have a good informant.

[nasprey] 09/2/2012 17:00

I agree this does have further to fall, even if there is a small increase in the short term.

Simon Cawkwell also suggested shorting to at least 200p.

A 5p increase on the day is hardly a turnaround or anything to get excited about considering it dropped 47p since yesterday....

IMO it may rise another 5-10p over the next couple of days (if it's lucky) and then drop a further 20-30p

[macau] 09/2/2012 15:59

good luck with your short..not going too well so far !!

[mechanical trader] 09/2/2012 15:45

Gone short on HVS technicals weak,
fundys weak and dont like the DEBT
position.

Target share price of 205p/200p ish ist up.

[macau] 09/2/2012 12:49

As I thought..back to realistic value soon.

[macau] 09/2/2012 10:21

oversold..

[nasprey] 08/2/2012 10:43

Hippo - Ahh yes I remember. That was another link that I saw on twitter back in November.

[mj19] 08/2/2012 10:40

Homeserve to cut 200 jobs as struggles continue

By Benjamin Chiou

Wed 08 Feb 2012
HSV - Homeserve
chart
Latest Prices
Name Price %
Homeserve 250.80p -8.80%

FTSE 250 11,188 -0.06%
FTSE 350 3,117 +0.18%
FTSE All-Share 3,047 +0.18%
Support Services 4,576 -0.22%
Homeserve to cut 200 jobs as struggles continue LONDON (SHARECAST) - FTSE 250 emergency repair group Homeserve has assured that full-year profits will be in line with expectations in spite of its recent travails that are still preventing the group from restarting some marketing operations.

With customer numbers falling and the restarting of outbound calls taking longer than ancitpated, the company has announced today that it will make hundreds of lay-offs in order to scale back its telesales operations.

The stock tanked in late October after the firm announced that it was temporarily suspending its UK sales and marketing activity following a review by audit firm Deloitte found "processes that did not meet the company's required standards."

In the UK, the company said it is making progress in "reinvigorating" its customer focus and recommencing marketing activity but said that this is taking longer than expected. The group has now recommenced inbound sales calls for 14 of its 15 water utility partners and is currently awaiting approval from the remaining one. Direct mail marketing has also restarted.

"Utility partner customer acquisition activity remains on track and in line with our previous guidance. However, our focus on our key utility partners has meant that other partner sales and marketing activity has taken longer to restart than we originally anticipated," the group said.

As such, total customer numbers for the full-year are now expected by 8% lower than last year, worse than previous guidance of a 5% reduction. Renewal revenues for the current year are estimated to be below £10m, however the group expects this to be partly offset by lower operating costs.

As a result, the company has decided to cut its UK headcount by 200 in order to focus on marketing and create a smaller outbound telephony operation.

Nevertheless, Homeserves expects adjusted pre-tax profit to be within analysts' expectations of around £122-132m for the year ending March 31st.

Net debt jumped from £59.2m in December 2010 to £109.7m, which includes the cash consideration of £83m relating to December's purchase of Veolia's 51% interest in Doméo.