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.....

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.