Updates

Homeserve - Quick 51% gain

August 2018

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.

Shares in Homeserve have soared to new highs close to £9 after the company, which sells home assistance insurance policies, produced results for the year ended 31st March marginally ahead of expectations. Revenues, pretax profit and eps increased 15%, 26% and 24%, respectively, to £900m, £142m and 33.6p.In the mature UK market, adjusted profit of £61.1m (FY’17: £63.2m) reflected investment in strategic initiatives to drive efficiency, expand partnerships and growing its HVAC business. A bright spot was the increase in income-per-customer of 10% to £106m, thanks to up-selling more products.France and Spain were both in line increasing profit 13% and 20%, respectively, to £31.5m a ...

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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 (May 2018)

Homeserve - US opportunity compelling (January 2018)

Homeserve - Shares hit new high of 803p (August 2017)

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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