HELLO,

MY HEART SAYS BUY, MY HEAD SAYS NO!

ANY THOUGHTS?

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

Struggling with to much debt.Even after 50 odd million for the book store. A dead dog. The internet (play.com etc) did not help.
Perhaps they did not move with the times quick enough?

We also have the electronic book and supermarkets selling ever cheaper. Is Waterstones going to go the same way?

HMV : RIP