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Homeserve - Take a part-profit

July 2006

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 home assistance firm Homeserve touched a new high of 1699p before the recent sell-off and recent results were also strong and ahead of expectations. For the year ended 31 March, pretax profit increased 28% to £53.6m on turnover up 66% at £367m. Earnings rose 25% to 59.2p. Following expenditure of £35m on acquisitions, Homeserve ended the year with net debt of £16.3m but debt interest is still more than 40 times covered by profit. The largest division, Policy Membership (formerly Homeservice), which sells annual insurance policies to cover emergency repair services such as plumbing, drainage and heating, performed very well with revenue increasing 26% to £161m and profit rising 9% to £ ...

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Homeserve (September 2020)

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

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Homeserve (May 2018)

Homeserve - US opportunity compelling (January 2018)

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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 - 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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Homeserve - Take a part-profit

July 2006

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