Undervaluved HMV Group's share price.....

sabretoothtigger

http://www.telegraph.co.uk/finance/markets/questor/8355892/Questor-share-tip-HMVs-dog-has-had-its-day.html

Richard_DandR

Doesn't sound good.

http://www.independent.co.uk/news/business/analysis-and-features/hmv-has-got-the-blues-but-a-darker-fate-lies-in-store-2229576.html

foxwales

HMV down 10% at the moment, it ain't looking good

jimjames

foxwales wrote: »

HMV down 10% at the moment, it ain't looking good

Quoted fund manager earlier in the week, HMV = Hasn't Much Value

Personally I can see no reason why I would ever want to go to an HMV store and that is enough for me not to buy the shares.

bobbyj_2

Bbc

bust by christmas

lvader

Another horror day for HMV, classic value trap. It was around 60p at the time the thread was created, now down to 12p.

ses6jwg

bottom pickers usually end up with little more than smelly fingers

sabretoothtigger

Opened in 1921 by Edward Elgar himself

Small Caps, AIM and PLUS

HMV (HMV), the troubled entertainment retailer, issued its fifth profit alert since last September, warning that trading difficulties would cause profits to drop to about 30 million pounds for the year. The group had earlier guided towards a pre-tax performance "moderately below" the 45 million pounds analysts had expected, and the news sent the group's shares down a further 3p to 12.25p. HMV, which has been struggling to reduce its 130 million pounds debt burden, also confirmed that it had struck an agreement with lenders to push back tests over its banking covenants.

So pre tax would also mean before cost of debt ?
30/130 so not that dire presuming the debt doesnt cost them much into double figures

Thrugelmir

sabretoothtigger wrote: »

So pre tax would also mean before cost of debt ?

No, after finance costs.

HMV's borrowing is linked to LIBOR so any increase in BOE base will reduce pre tax profitability.

malik999

I hope nobody followed fuzzythinking last year and bought any HMV shares.