gretel
30 Apr 2018
Re: Good trading update today Finncap retain their Buy and 48p target today - almost 60% upside - along with that 4.1p EPS and 0.4p dividend forecast. That's a historic P/E of 7.4.I assume they'll issue this year's forecasts when the full prelims are released.They also point out:"The statement also implies a strong profit performance during the second half of c. £1.2m at the adjusted PBT level, compared with £1.0m in H1 and £0.90m in H2 the previous year. This better performance over H1 was driven in part we believe by lower costs associated with acquisition integration."It seems HMLH are finally seeing all those trumpeted acquisition synergies and savings finally coming through.
gretel
30 Apr 2018
Good trading update today Short but relatively sweet trading update today confirming trading in line for last year - that means 4.1p historic EPS per Finncap, with a 0.4p dividend.Looking extremely cheap at these levels imho:"HML Holdings plc (AIM: HMLH), a leading provider of property management, insurance and ancillary services to residential property blocks, is pleased to announce that the board anticipates being able to report trading in line with market expectations for the 12 month period ended 31 March 2018.The board looks forward to releasing results in relation to this period on 26 June 2018."
gretel
04 Apr 2018
Christopher Mills' Harwood Capital buying Good to see Harwood Capital buying more and increasing to over 13% with a total of 6.04m shares:[link] last holdings RNS was in December, when they held 5.125m, so they've bought more than 900,000 shares since then.
gretel
30 Nov 2017
H1 results out today The H1 results are pretty underwhelming. I do consider that HMLH are substantially undervalued - and have good upside potential. But once again there's no catalyst for a re-rating, and once again integration and other investment/costs are the apparent reason for the masking of decent revenue and operating profit growth.However....a glimmer of hope from today's Finncap update.They retain their Buy and 45p target. And they have upgraded their revenue forecast for the year by 6% to £25.5m, whilst conservatively leaving their EBITDA and PBT forecasts unchanged at £2.6m and £2.2m.In particular, the "record pipeline of 17,000 units, compared with 8,000 the previous year, is very encouraging".Given forecast 4.1p EPS for this year - with a 0.4p dividend - HMLH remains cheap imo, especially with pretty high revenue visibility. A 45p-50p share price is justifiable, but how long it will take to get there is another matter.
gretel
01 Sep 2017
RNS: City Asset fund buying shares again City Asset Management have bought another 406,000 shares and are now above 4% with 1.875m shares....[link]
gretel
01 Sep 2017
Encouraging move by CFO The 22nd August RNS shows the CFO transferring £24,000 of shares into his SIPP. Logically one can infer this means he believes the share price will increase and he wants to protect any gains. Let's hope so.The AGM is on 19th September. Not long to go.
gretel
04 Jul 2017
Current year P/E of 9.6 I note Finncap have 4.3p EPS pencilled in for this year (with a 0.4p dividend). With a following wind and decent performance by the acquisitions we could see a 55p share price at some point if that forecast is met or slightly bettered.
gretel
04 Jul 2017
Decent results today 3.9p EPS is actually a tad ahead of expectations (which were 3.8p)! With a 0.37p dividend too.HMLH looks reasonably cheap bat the current 40p or so.The big acquisitions will benefit this year, which will hopefully be extremely exciting by HML's standards 
))
gretel
16 Jun 2017
Moving up, buying above offer price Good to see a keen 24k buy at 42p this morning - that's 2p above this morning's 40p offer price.Interesting comment on the HMLH web site regarding the appalling Grenfell House fire, which reinforces the need for professional and properly organised property managers:[link] SafetyThe dreadful events at Grenfell Tower on the 14th June remind us all how critically important it is that we as property managers fulfil our duties in advising our clients on the fire risks inherent in blocks of flats.As the circumstances that gave rise to this tragic event are revealed in the coming weeks and months, we anticipate they will reflect mostly on the safety design and fabric of the building. There is however so much that can be done procedurally and organisationally to reduce fire risks. HML as professional managing agents will re-double our efforts to ensure that fire risk is professionally assessed and mitigated wherever possible.Our thoughts and prayers are with the victims and their friends and families who have so unfairly been affected by this tragedy."
gretel
26 Apr 2017
Re: Good year end trading statement Finncap retain their Buy and 48p price target. I suspect this may be increased after the results are out:"HML Holdings* (CORP)Positive trading updateTicker: HMLH Market Cap: £18.3mPrice: 40.5p Target Price: 48.0p The group has issued a positive trading update for the year to March 2017 confirming earnings in line with market expectations. The group has a very high visibility to revenue and a predictable cash flow profile. We believe its strategic mix of organic and acquisitive expansion is capable of sustaining double-digit unit annual growth in a large and fragmented market. We retain our 48p target price, implying potential share price upside of 19%."
gretel
26 Apr 2017
Good year end trading statement Pleased to see the trading in line with historic 3.8p EPS forecasts. HMLH now enter a year with forecast 4.3p EPS - with more acquisitions likely - which makes a 40.5p share price pretty cheap imo.I did a double-take when I saw the word "exciting" as regards prospects for 2018 )) Hopefully this signals HMLH is finally entering a step-change in prospects after the 3 recent acquisitions.
gretel
24 Apr 2017
Re: City Asset Management are buyers City Asset Management have been buying more (including a block of 100,000) and now have well over 3% with 1.47m shares. Good news:[link]
gretel
30 Mar 2017
City Asset Management are buyers RNS late last night - City Asset Management have gone above 3%, with 1.36m shares, having bought another 124,000 shares. Good to see another institution on board.Here's their web site:[link] We Invest InAs our investment approach is flexible, it gives us the freedom to use a range of different asset classes and investment strategies throughout the economic cycle. We specialise in finding the best fund managers across a range of different asset classes and sectors. Our dedicated investment management team create a diversified portfolio which will aim to generate the best risk adjusted return for your portfolio. Our in-house research team assess all investments prior to purchase. Investments are usually, but are not confined to, collective investment vehicles, both on and offshore."
gretel
29 Mar 2017
Finncap raise forecasts and target price Finncap have today raised their price target to 48p, and their forecast for this year starting on Saturday to 4.3p EPS.Finncap themselves say their forecasts are conservative. 48p represents 20% upside from here, which is fine by me for the moment. It's good to have some slow and steady stocks in the portfolio - though the volatility is such that if HMLH ever gets any press/tip attention then it usually moves up 2p-3p at a time.At the current 40p HMLH looks like pretty good value to me. It's also possible that with 2.1p EPS in the bag from H1, this year's forecasts of 3.8p EPS may also be beaten.
gretel
29 Mar 2017
RNS : yet another acquisition It's a biggie as predicted, with £2.3m paid for £0.4m PBT and immediately earnings-enhancing. London-based too - looks a good one to me:[link] imagine forecasts will have to be increased now.
