Homeserve Share Discussion Threads

[nasprey] 29/2/2012 16:37

I agree with hippo, not necessarily on the sub 50p share price but even if the share price moves up a little over the next few weeks it will be short lived.

This one is going to be a long long recovery, if at all.

I can see this at around the 180p mark in the not too distant future.

They will have a real hard time winning new business via cold calling now, partly because they have had to ditch the 'aggresive' sales tactics, but also because by now every man and his dog hears the word 'Homeserve' and instantly thinks 'Avoid' due to the sheer volume of bad press this co have suffered since October. Keywords like 'Fraud' 'Mis-Selling' 'Scandal' 'FSA Investigation' etc tend to stick in peoples minds.

Keep your shorts open. All IMO of course.

[masurenguy] 24/2/2012 13:20

Not yet but it's getting warmer. I may wait for the year end trading statement next month to confirm provisions and projections unless there is further insight or other developments before then.

[kristini2] 24/2/2012 12:30

Mas

you in yet?

[masurenguy] 24/2/2012 08:31

Might have bottomed at around 220. The recent appointment of Bennett as CEO was part of a "new broom" programme but further time needs to elapse in order to see if this contributes to a "clean sweep" !

[kristini2] 24/2/2012 08:15

off she goes, what a nightmare to short, glad i closed

hope she moves much higher in advance of the results in May,

[megabear] 23/2/2012 20:32

Sanks, you might have double vision. Could be 6p.

[sanks] 23/2/2012 19:35

Can't understand why its not a penny stock yet!
I have a vision, a 12p target vision.
Sanks

[kristini2] 21/2/2012 16:11

closed the short for a decent profit this time around

Let's see if she moves up over the next few weeks
in advance of results which may present a reentry opp??

[kristini2] 21/2/2012 14:46

more selling!

good rebound off £2.20

[masurenguy] 21/2/2012 09:55

You could be right there kristini, which is why I'm still sitting on the fence here.

[kristini2] 21/2/2012 09:54

it could that short interest has increased which may be the reason for the falls,

[kristini2] 21/2/2012 09:53

there's clearly large risks in this share which are impossible to quantify.

I know having experienced their sales tactics in 2010 the potenital problems here, and the fsa are aggresive and motivated and have their agenda.

The financial 'hit' to the business could well be far worse than the market has priced in and so i am betting on the short tack.

it may be that the real damage comes out in the results in May, who knows the price could then be a recovery buy??

[masurenguy] 21/2/2012 09:52

Yawn - I'm getting really bored with your childish antics. I thought half-term finished last week so perhaps you're playing truant at the moment !

[megabear] 21/2/2012 09:47

Massageguy - Are you on some sort of medication? What's your fascination with rabbits?

[masurenguy] 21/2/2012 09:44

RLMFAO - more innuendo from the arch muppet who can't face facts or answer questions. It must be fascinating to live in your fantasy world with Peter Rabbit and the Easter Bunny for company !

[megabear] 21/2/2012 09:26

Careful. You'l blow a gasket!

[kristini2] 21/2/2012 09:25

is it RBS that has a £1.90 target? we may hit that at this rate very soon, surprised to be down another 9p today.

[masurenguy] 21/2/2012 09:20

LOL - you clearly find facts and reality to be totally alien concepts ! Since you can't deal in facts you just resort to innuendo, which is the currency of the muppet !

[megabear] 21/2/2012 09:16

You don't sound very relaxed to me. In fact quite highly strung.

[masurenguy] 21/2/2012 09:02

I'm perfectly chilled as I have no position here and can take an entirely objective view. I'm interested in informed and intelligent contrarian cases not wild assertions that are unsubstantiated or pure innuendo, which is just another form of spin.

"I expect vol ain't huge cost no one wants to buy it."

Well clearly "vol ain't huge" because there are not massive sellers either but that side of the coin obviously doesn't suit your spin ! There is never any balance in your posts at all.

"remind me again why you think the share price is off 9% in the last two days if it's nothing to do with a director selling some stock and the CPP fine?"

A fall of 6% yesterday on average trading volumes is not significant and well within the normal daily volatility for this share but since you obviously don't look at share volumes you're clearly not in a position to make any kind of informed comment on this.

"If I was short, why would I be worried when the share price has fallen 9% in the last two days alone? Weird logic."

Not weird logic at all ! If you are short, as both your spin and name implies, then you concern could be related to the price point where you went short (the shareprice was down as low as 215p in November),
or your unease that there has not been the really significant knock on effect so far that shorters probably expected from the CPP fallout.

[megabear] 21/2/2012 08:43

Masurenguy - you should chill out a bit. I expect vol ain't huge cost no one wants to buy it. Will be interesting to see if we get any holdings in company announcements over the next week to see if it is just private holders doing the selling.

Out of interest, remind me again why you think the share price is off 9% in the last two days if it's nothing to do with a director selling some stock and the CPP fine?

Your final comment makes no sense. If I was short, why would I be worried when the share price has fallen 9% in the last two days alone? Weird logic.

[masurenguy] 21/2/2012 08:26

Megabear - 20 Feb'12 - 488: Maybe she tried to sell more but couldn't find any buyers? Maybe she's still looking for buyers? Probably not having much luck today.

Megabear - 21 Feb'12 - 498: Krisitini - apart from a director, who do you think is doing the selling then? Of course instis are fleeing. They may have been aware of the FSA's investigation into HSV but they weren't aware until yesterday that the FSA was going to slap a great big fine on CPP, which led to its suspension.

You keep making these wild statements without a shred of evidence to support them. Yesterday you asserted that insider Rachel Hughes was possibly trying to sell the rest of her shares but probably could not find a buyer when the share trading volume was 5 x her actual holding.Today you are stating that "of course instis are fleeing" in the context of yesterdays CPP news. However the HSV share trading volume yesterday was exactly the same as the average daily trading volume over the past 3 months.

You just use innuendo and absurd claims in order to put as negative a spin as possible on the shareprice with a total disregard for the actual facts. As a result your credibility here is now zero ! You are obviously short and it would appear that you are also rather worried too.

Edit: 08.40 Incidentally Rachel Hughes sale of 28,000 shares represented just 2% of yesterdays total trading volume. You also fail to mention that two other directors, Mingay and David, collectively bought 37,688 shares in the company over the previous 10 days !

[kristini2] 21/2/2012 08:26

mega
there must be a substantial free float of private holders?

[kristini2] 21/2/2012 08:12

hvs seem to offer a good service that supports a genuine need, it has been their sales tactics that have let them down, they can recover from this however the cost will see the price suffer

on the other hand and imo surely most id frauds are covered by the banks if one of their customers suffers a loss?

having said that my short positon remains open, may close at £2.10 if it gets that low in the short term