HELLO,

MY HEART SAYS BUY, MY HEAD SAYS NO!

ANY THOUGHTS?

bookseller Sussex Stationers gone into administration - another competitor to Waterstones out of the way

the bookshop chain also one of the last ones left on the high street

I hardly think the demise of a small player is something to celebrate. Rather they are a symptom of the problem that managements face, esp. if they ignore the obvious.....Woolworth being the most recent example, having already taken jobs and shareholder funds to the abys.

It's possible HMV can be rescued, or that they have done this already and the Market hasn't cottoned-on. I'm swaying in the breeze on this, not wanting to add to my losses, Marconi, Woolworths, ROK and so on.

It seems to be a monstrous dereliction of Duty that our Regulators cannot undertake a review of the events leading to large failures, perhaps in the hope they might be avoided in the future. After they are never short when it comes to lifting money from the Public to run their empires.

I fear HMV will join that list, given a little more time.

what on earth have the regulators got to do with the demise of a retailer, unless there has been some criminal wrongdoing?

Nothing at all. Cannot blame regulators for a failure of business strategy. The share price has been slipping downhill every year since 2005 - plenty of time in which to do something about it. Any investor who has chosen to hang on instead of selling at some set exit level can blame nobody but themselves.

Ordinary business failure is not for Regulators, I agree.#However, these are FTSE companies that support the pensions of investors and shareholders have only the RNS and what the Co tells us. Also, consider the employees, they spend money in the economy.
Yet it seems in the case of (Marconi, Woolworths, ROK and several more), the company suddenly collapses having given "OK" signals.

Call it self Delusion, or hope that "something will turn up" - but that is hardly the basis for continuing business as usual, in what might be considered a ship that's holed below the water-line......continuing to take-on passengers might be regarded as dishonest, if not "criminal"?

If as has been suggested that nothing has been done (causing the sp decline), then the Market is not creating any desire by the Execs to act. Yet they continue to tell the Market things are about the recover (how I read the An.Report), so they continue to offer platitudes, rather than harsh root/branch action.

When there is a train/AIr-crash there is an investigation to establish what might be learnt. All I'm suggesting is that Regulators need to be stomping about the debris to understand what action might be effective "next-time" - otherwise they will continue to provide bundles of "Rules" that are unlikely to provide any comfort for investors - otherwise what's the whole purpose of Regulation?

((As an aside, are you happy with the existing Regulations that our Banks are enjoying?))

http://www.forexpros.com/news/stock-market-news/scenarios-what%27s-in-store-for-struggling-uk-retailer-hmv%20-193839

A bit of a squeeze.

HMV warns of potential covenant breach



http://www.growthcompany.co.uk/news/1605728/hmv-warns-of-potential-covenant-breach.thtml

Dire Staits comes to mind.

This is ever-dropping its pants.

So whats new..?

I'm not buying it even at 12p.

This looks bad,

ditto that - how low will hmv go one wonders?

Holding up well today.

Sinking due to recent radio coverage.

i have a friend who is connected here, and he tells me to expect some news in the next 2-3 weeks. i'm long, and so is he now, but not sure the market will respond that favourably(waterstones just isnt worth that much anymore)
i've only got 10k, so just a small punt to try and alleviate the boredom from this
lackadasical market....poor investment reasoning, but.......

Death throws.
Fire sale

HMV selling Waterstone's for 53m
StockMarketWire.com
HMV Group has conditionally agreed to sell the Waterstone's business to A&NN Capital Fund Management for a total cash consideration of 53m.

A&NN is controlled by a trust in which Alexander Mamut has an interest,

The disposal, which represents an important step towards strengthening the capital structure of the remaining HMV Group, is conditional upon shareholder approval.

The disposal is also conditional on the receipt of approval from the pension trustee, the Pensions Regulator and consent from HMV Group's lending banks including a renegotiation of the Group's lending facilities.

Completion of the disposal is expected to occur by the end of June.



The total cash consideration for the Disposal of 53 million on a cash-free, debt-free basis is subject to certain closing adjustments.

Shockingly bad deal for HMV but also 100% necessary.

Current trading is REALLY shocking as well

-16.6% growth in the last 16 weeks is absolutely aweful.

yep waterstone went for a pittence in reality - one of the last throws of the dice - dont really see where hmv can go from here unless that have a major strategy review & re-think / rebranding / relaunch et cetera

nothing major!! lol

long - try eternity
but gl anyone stuck here and sorry to anyone sat on a paper loss