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Undervaluved HMV Group's share price.....
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HMV down 10% at the moment, it ain't looking good0
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HMV down 10% at the moment, it ain't looking good
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.Remember the saying: if it looks too good to be true it almost certainly is.0 -
Bbc
bust by christmas0 -
Another horror day for HMV, classic value trap. It was around 60p at the time the thread was created, now down to 12p.0
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bottom pickers usually end up with little more than smelly fingers0
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Opened in 1921 by Edward Elgar himselfSmall 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 figures0 -
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.0 -
I hope nobody followed fuzzythinking last year and bought any HMV shares.0
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