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Homeserve - US opportunity compelling

January 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.

  • Epic Code:
  • HSV
  • Price:
  • 776p
This New Year NAP for 2017, which sells home assistance policies to cover plumbing, electrics, heating etc. has had a strong run, peaking at 864p. Last month’s strong interim results back this up and these showed underlying operating profit up 13% to £35.3m, in line with expectations. While UK profit fell from £21.2m to £9.1m, that reflected a shift in seasonality with profits second half weighted. The US was a standout performer, rising from a loss of £1.1m to profit of £11.4m, while France grew 17% to £9.4m and Spain 68% to £7.9m. Policy renewal rates were either stable or rose slightly while customer numbers rose from 7.5m to 7.8m.Also helping sentiment have been two acquisitions. ...

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Homeserve - Time to take profits and sell (August 2021)
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Homeserve - Eps forecasts upgraded by 7-11% (January 2019)
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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)
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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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