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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Homeserve - Results bring some respite

January 2012

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.

  • Epic Code:
  • HSV
  • Price:
  • 286p
Notwithstanding the ongoing threat of a mis-selling investigation, Homeserve's results have provided a little respite with adjusted pretax profit up 10% to £23.5m and eps rising 11% to 5.2p. Encouragingly, global retention (renewal) rates only fell fractionally to 83.3% while net debt fell sharply from £61.5m to £36.6m. The UK was by far the most profitable region, with profits rising from £24.1m to £25.8m and this is why Homeserve's suspension of “outbound†marketing has hit the shares so hard. The company has identified particular issues in the way its “c ...

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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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