Updates

Homeserve - Shares hit new high of 803p

August 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The shares have moved ahead nicely to 722p following final results, which were slightly ahead of expectations. Revenues jumped 24% to £785m (beating Liberum’s forecast of £744m) while pretax profit rose 21% to £112.4m. Eps also beat forecasts of 25.9p with growth of 22% to 26.5p. Net debt increased from £176m to £261m, as expected given the acquisition of USP and stakes in the digital businesses. Net debt / EBITDA is 1.7x.The company sells home assistance insurance policies, guaranteeing customers that someone will come round to fix their plumbing, heating, electrics or pest control.In terms of the potential, Homeserve has marketing partnerships with a roll call of large utility firms in th ...

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JD Sports Fashion - Chairman acquires 30,000 shares at 352p

Marstons

Homeserve - Time to take profits and sell (August 2021)

Homeserve (September 2020)

Homeserve - Gain to date 118% (July 2020)

Homeserve (June 2020)

Homeserve - Gain to date: 106% (January 2020)

Homeserve - Broker price target increases from 1200p to 1350p (July 2019)

Homeserve (June 2019)

Homeserve - Eps forecasts upgraded by 7-11% (January 2019)

Homeserve - Quick 51% gain (August 2018)

Homeserve (May 2018)

Homeserve - US opportunity compelling (January 2018)

Homeserve - Results at upper end of expectations (June 2017)

Homeserve - Supplier of home assistance policies spots tremendous US opportunity (March 2017)

Homeserve (January 2013)

Homeserve - Introduce stop-loss of 201p (May 2012)

Homeserve - Results bring some respite (January 2012)

Homeserve - Mis-selling hits share price (December 2011)

Homeserve - Customer retention still high (November 2011)

Homeserve - Results push shares to high (July 2011)

Homeserve - Provider of home repair insurance eyes strong overseas growth (May 2011)

Homeserve (March 2009)

Homeserve - Shock fall in renewal rates (January 2009)

Homeserve - Renewals holding up (November 2008)

Homeserve - Share price fall overdone (August 2008)

Homeserve - Significant new opportunity in the USA (April 2008)

Homeserve - Large US opportunity (October 2007)

Homeserve - US deal (October 2006)

Homeserve - Take a part-profit (July 2006)

Homeserve - Shares gain 378p in 10 months (January 2006)

Homeserve - Director buying boosts shares (May 2005)

Homeserve - Home assistance firm going great guns (March 2005)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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