I guess this stock will follow the woes in Building and Housing/Mortgages in general - there being little (else, here) to "excite" average punters.

Not long ago this was bumbling about 75p, then a rush to 1 and now 35p - gloom in tyhe market, yet their T/O is not all that bad - but no dividend and falling sp looks better to WAIT, before dipping-in.....

18p - grief it has to be this debt, on buying businesses! - Oh and the Building Industry.
Arrgh - debt 52m
MMkt Cap 16m
DYOR.....Yikes! . . . . . . . . .. . . .
EDIT 3Jy08 - Now 14p - little sound from Co.
Edit: 8 Aug08 - It has fallen to 7p and Debt may be the reason, so I hear rumours. Not very clever to expand into one sector... after a good run (ie housing).
EDIT-10Oct08 - 5.5-6.6p (up 10% on zero-volume - eh?)
Ah well,
EDIT (27Oct08)- down 38% - to 3.5p . . . oooh
EDIT (24Nov)Dir buys 32k - not enough, but hard times (+see RNS)
EDIT (23Jan09) RNS states Sales down 13%, sp drops 5% - to 3.5 pence, aaaaargh! Is this over and out? - I think there is significant Debt (and Building Mkt). Nov-Director Buy near evens..
EDIT(3Feb09)- Jan RNS tells it like it is! DYOR.... no profits means Banking Covenents are busted and we might see D4E, current sp 3.1/4p oh dear and Mkt Cap is under 3m.....18Feb RNS - paints a confusing picture, but it looks like the prisoner has been given a little longer - and it took until Monday23rd for the sp to drop to abt. 4.5p from a "correction" - Frankkly, I'm surprised in current building market the stock is worth 3.5p - what's needeed is a Sector-turnaround and increased sales.
EDIT(1Jy09),Down 10% . . . . . buy=3.9p
EDIT,(10Sept09),+80% on c. 1mBuys, 1.75Sells. 5.6p/7p - er, is this silly?
EDIT (14Sept09)- 30%down, . . . the Market speaketh.
EDIT (30Sept09) - 14% down on sales-only value 10k -- sp now 3.25p - 3.75p (was 1- 2008 !).

Didn't see this, but in essence, the co is swapping Debt for equity and ( Like Jessops), will wipe out retail shareholders that are being asked to vote somewhere in Manchester ( how very convenient, yet previously their AGM's were in London....shouldn't this be a Legal requirement whenever the Co is close to failure???)

Shareholders will Vote to delist their shares and let's hope the Directorts never darken the threshold of the Stock Exchange again......all this "debt" cqme about by doing too many deals as the property market was getting toppy ( presumably Dirs thought this would never stop?). . . . . . one has to wonder "why the owners of these businesses were prepared to sell?) . . . . . and suspect HYWD paid "too much" and they had to borrow at attractive rates . . . .with little chance they'd repay presumably the same dull shareholders voted "yes" to a huge debt-burden . . . . Oh well.
Went to a London AGM ( about 4 years ago), and was not impressed enough to buy . . . so I escaped this miserable scenario. Thank goodness!

All IMHO. . . . DYOR.