Ripley94
01 Nov 2019
RNS.. ABB.. RAISE OF 125M. HSV… XXXXX “Not much of a discount placed at 820… approx… 0.25% Maybe a good sine… time will tell.†Sold this today for 1210p so time told it was a sign
LifeInPlastic
09 Oct 2018
Reasons for the dip? Any news affecting HSV behind the recent circa 10% fall?
gallant02
06 Apr 2018
"Homeserve can justify its high multiple" "Emergency home repairs business Homeserve (HSV) is trading on a relatively high multiple but Liberum is expecting returns from growth and yield from the ‘scalable platform’ this year.Analyst Joe Brent retained his ‘buy’ recommendation and target price of 950p on the stock after an inline pre-close update.‘We see a 2018 price/earnings of 20.6x falling to 18.7x in 2019 as a relatively high multiple but total shareholder return will come from growth, yield, and occasional specials, and/or accretion from acquisitions,’ he said.‘We think it is legitimate to view Homeserve as a scalable platform, capable of exceptional growth.’Brent noted that UK retention rates and customer numbers were ‘expected to remain stable’ and management had strengthened to ‘assist international development’.‘Trials at the digital businesses are ongoing and we will hear more at the full year,’ he said.
Ripley94
21 Nov 2017
Re: RNS.. ABB.. RAISE OF 125M. Been keeping an eye on bought in today @ 818p .Above shows 813 to 814.5 ... Must have fell further .
Ripley94
19 Oct 2017
Re: RNS.. ABB.. RAISE OF 125M. Not much of a discount placed at 820... approx.. 0.25%Maybe a good sine.. time will tell.
Ripley94
19 Oct 2017
RNS.. ABB.. RAISE OF 125M. But no indication of price ??seems you just take on trust , in cases like this usually already covered by institutions just give a token amount out to PI to partake.824 / 825.. just -0.9 % on news.
II Editor
02 Jun 2017
NEW ARTICLE: Homeserve set to surge to all-time high "There's no stopping LSE:HSV:Homeserve, it seems. Analysts continue to call the home emergency repairs business up correctly. We heard that some were tipping the stock to above £7 after a trading update back in April with shares then at ..."[link]
oldjoe1
23 May 2017
Re: Homeserve Broker Comment........ HMS Homeserve, Broker Cazenove go.......<b>CAZ Summary.</b> HomeServe has delivered 22% growth in adjusted operating profit in FY17, towards the top end of the consensus range and 1% above our estimate. Though boosted by an FX benefit on translation, underlying organic growth was strong, reflecting the increasing traction of HomeServe’s business in North America, as well as solid growth in other markets. We increase our estimate for FY18 operating profit by 1% to £132.4 million.<b>HomeServe described FY17 as a 'transformational year' for its business in North America. The acquisition of USP accelerated the growth in operating profit (+50%) and customer numbers, which were up 28%, passing 3 million.</b> Organic growth was also an important factor. HomeServe is now at 50 million affinity partner households, in our opinion well on the path to achieve its target of 80 million in due course.
oldjoe1
23 May 2017
Re: HSV Homeserve, Fantastic Results....... HomeServe shares surge 12 per cent as profits are boosted by American expansion[link]
oldjoe1
23 May 2017
Re: HSV Homeserve, Fantastic Results....... Comment from TMF...........Positive reactionShares in home emergency, repair and installation services provider, Homeserve (LSE: HSV) have also shown great momentum over the last year. Priced at 463p exactly one year ago, they changed hands for 700p before today — a corking 51% rise. In the 2016/17 financial year, the Walsall-based business recorded a 24% increase in revenue to £785m and pre-tax profits of £98.3m — a climb of 19% on the previous year’s figure.Growth overseas was particularly impressive with record performance achieved in North America. Over the last year, the company has managed to pass the 3m customer milestone, sign up 100 new partners and increase adjusted operating profit by 75% to just over £21m. Customer numbers in France and Spain also rose, by 4% and 7% respectively.<b>Looking to the future, the £2.2bn cap is expected to post earnings per share growth of 18% next year, leaving the stocks on a P/E of 23. That’s pretty rich by most investors’ standards. Nevertheless, with such superb numbers being revealed today, I think this can be justified. Judging by the 12% jump in its share price this morning, the market would seem to agree.</b>
oldjoe1
23 May 2017
Re: Homeserve Broker Comment........ Broker Forecast - Peel Hunt issues a broker note on Homeserve PLCPeel Hunt today reaffirms its add investment rating on Homeserve PLC (LON:HSV) and raised its price target to 750p (from 650p).
LifeInPlastic
23 May 2017
Not that I'm complaining but I'm puzzled Given the very low yield on this stock I had assumed that all good news had already been priced in.Is there really an expectation that dividends will more than double from the levels just announced?
oldjoe1
23 May 2017
Re: Homeserve Broker Comment........ We think it is legitimate to view HomeServe as a scalable platform, capable of exceptional growth. SoTP gives a fair value of 760p. BUY.
oldjoe1
23 May 2017
Homeserve Broker Comment........ Broker Liberum......We maintain our estimates for FY 18, having outlined our rationale in detail in our note released in April. We continue to expect PBT of £136m, an increase of 21% on FY 17, and wecontinue to expect FD EPS of 31.4p with a usual H2 weighting of c.70%. We assume that net capex falls from £66m in FY 17 to c. £25m in FY 18. We continue to expect that net debt decreases each year to the end of our forecasting horizon assuming no further acquisitions and expect net debt / EBITDA to fall from 1.9x in FY 17 to 0.7x in FY 20. We believe there continues to be plenty of headroom given HomeServe’s strong cash generation, and c .£400m of facilities including a £300m RCF committed to 2019, a €50m term loan for re-payment by 2020, and £50m of private placement funding due for repayment in 2022. We do not expect any impact from the increase in IPT (increasingfrom 10% currently to 12% from 1st June) and the company sees it as a straight pass-through to customers.We see a CY 17 P/E of 23.4x falling to 20.8x in CY 18 as a relatively high multiple, but TSR will come from growth, yield and occasional specials or earnings enhancing deals. We think it is legitimate to view HomeServe as a scalable platform, capable of exceptional growth. SoTP gives a fair value of 760p. BUY.
LifeInPlastic
23 May 2017
I'd been pondering selling at 700 Glad I held out for the results 
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