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HSV Homeserve Plc

1,198.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Homeserve Plc LSE:HSV London Ordinary Share GB00BYYTFB60 ORD 2 9/13P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1,198.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
1,198.00 1,199.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1,198.00 GBX

Homeserve (HSV) Latest News

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Homeserve (HSV) Discussions and Chat

Homeserve Forums and Chat

Date Time Title Posts
17/10/202210:00Homeserve - Outlook1,025
18/7/201414:09Alan Green says to BUY and HOLD in Homeserve PLC-

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Homeserve (HSV) Top Chat Posts

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Posted at 17/5/2022 13:47 by alotto
I wouldn't say so. I think the long term price target (5 years) for HSV is about £15. and turning down an offer can result in a immediate share price climb (When I Unilever turned down the Heinz Kraft offer the shares went up 10%, and that's on a company with a 100B market cap, which pleased me quite a bit)
Posted at 22/4/2022 10:18 by horndean eagle
I doubt that happens. Competition authorities would be all over it. Here are some of Davy's thoughts on HSV

Davy speculated the conditions "may well revolve around the requirements to retain management", or whether the private equity firm wishes to retain the whole group. Davy asked if Homeserve's Home Experts business could be demerged, or does Brookfield want all the pieces of the core.

At the beginning of April, Homeserve said its Home Experts division was profitable for the first time on a full year basis, and was predominantly thanks to progress at Checkatrade.

The company expects Checkatrade's average revenue per trade to exceed a target of GBP1,200, up from GBP939 in in the financial year ended March 31, 2022.

Brookfield now has until May 19 to make a firm offer, which was extended from Thursday as the pair now enter discussions.

"Our core valuation on a sum of the parts basis is GBP11 - although this is conservative as it attributes no valuation to Japan and puts Checkatrade and Habitissimo in at cost," Davy said. "On the same basis, we can get to a take-out valuation for the North American operations alone at around GBP7. Our discounted cash flow gives much higher long-term value at over GBP15 รข€“ growth paring back to 3% terminal, operating margin rising to 21% but fading back to 19%"
Posted at 22/4/2022 09:50 by aeu97137
I think it would be a great opportunity for CVC to acquire HSV and combine it with Domestic and General.
Posted at 21/4/2022 17:34 by value viper
The fact that HSV is engaging with Brookfield for starters and there has been an extension - multiple possible deal options it seems Brookfield has been running through Some on here said nothing would come of this situation - that may well still be the case of course .....If Brookfield has seemingly serious intentions - it raises the possibility of others possibly entering the fray
Posted at 24/3/2022 19:34 by justiceforthemany
Blackrock had a 0.64% short here so not large but on a wider point why is it that hedge funds seemingly always manage to suppress and crash a share price as soon as they open a position? So many examples out there. Morrisons was held down for years by shorts before going for almost twice the prior share price

How is this a fair and regulated market?
Posted at 24/3/2022 18:53 by paulof2
Just to corroborate my final statement -

Per the FT
"Private equity firms are offering the highest premiums for listed companies in more than two decades, paying almost 70 per cent above the prior share price in some cases, in a sign of the widening gap between cash-rich buyout groups and public market investors.

Buyout groups paid an average premium of 45 per cent for European companies in 2021, the highest since the data company Refinitiv’s records began in 1980. In the US, the premiums hit 42 per cent this year, the highest since 1999."

Not to mention the fact there will be companies which actually need a takeover to survive which pull down that premium (e.g AA), the premium only increases when you have a company growing both the top line and profit, as well as having a huge untapped market which they are only just beginning to scratch the surface of (US).
Posted at 24/3/2022 16:30 by topvest
I would have thought any offer would have to be well above £10, and maybe up to £12, as this is a quality outfit. The share price drop recently looked totally anomalous and baffled all onlookers.
Posted at 25/2/2022 11:22 by alotto
Hi Disco, are you trying to discredit me? :D
I am not invested in VIC as I am not a big fan of companies of recent listing.
I don't feel there are enough elements to determine a fair price for VIC as yet but it is on my watchlist. Results from latest announcements are not massively encouraging. If you want to connect to share ideas and opinions on a number of stocks I am all for it. I seem to understand you do your research when picking stocks. Or you wouldn't be here!

Rudder, my opinion on HSV and debt. I am not a fan of companies with Zero debt. A certain level of debt and equity keeps new ventures away from taking on market share. A business that can be start on a small initial investment will likely face competition from new ventures approaching the market.

I think HSV has a manageable debt and sufficient liquidity (cash). Quick ratio and dividend cover is good too. Interest rates won't rise to a significant level in the medium term. Inflationary pressure will be a reality for the coming 2-3 years
Macroeconomics are very difficult if not impossible to predict. The best investors in history didn't pay much attention to macroeconomics. I would focus on healthy attractive businesses at an attractive price.
Posted at 01/2/2022 17:58 by rudder
The share price given the overall market bounce over the last couple of days, especially at this level.
Posted at 01/2/2022 15:55 by alotto
What are you talking about? The company or the share price?
Homeserve share price data is direct from the London Stock Exchange

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