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

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  • sabretoothtigger
    sabretoothtigger Posts: 10,036 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    edited 29 June 2011 at 5:01PM
    they spend around £40m a year on property, plant and equipment in order to keep it maintained. They also have £550m of current liabilities against current assets (- inventories) of £120m.

    Depreciation of asset worth while loans secured against it appreciate. I would have thought that would stop them declaring a profit

    Simpliest consideration for me is their business growing or not. Supply and demand, seems high street demand is declining in three different ways for them maybe.
    So they do totally fail the invest only in growing business slant I would want
  • atush
    atush Posts: 18,731 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    My kids had an HMV card and I made them go out and spend it 4 months ago. You could see what was gonna happen, esp after their xmas results.

    I buy them games and music for xmas and Bday. and they buy with their pocket money. but look to where it is cheapest, and new stuff is never cheapest there. What I used to buy there was older stuff on sale. But soon we will all be streaming (legally of course ;-) so I won't even be buying DVDs any more.
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