I have been holding HMV shares since floation and yet to make any money. In the meantime, I shorted @ 197.25 hoping to buy at 193 for a quick small gain. Strange no body else seems to be following this stock. All comments welcome.

Bernard - good luck with that!

Revised Bank Facility and Posting of Circular



Revised Bank Facility

The Company announces that it has entered into revised term and revolving credit facilities (the "Revised Bank Facility") of 220 million with its lending banks, to replace the existing bank facility of 240 million. The Revised Bank Facility comprises a 70 million term loan ("Facility A"), a 90 million term loan ("Facility B"), and a 60 million revolving credit facility ("Facility C"), and is conditional upon satisfaction of customary conditions precedent and payment of a proportion of the disposal proceeds to pay down the existing bank facility. The final maturity date of each of the facilities is 30 September 2013.

UK Taxpayers To Own Shares In HMV


(c) Sky News 2011, 8:26, Tuesday 7 June 2011


British taxpayers will become shareholders in struggling entertainment chain HMV as state-owned banks take a stake in the group.

As exclusively revealed by Sky City editor Mark Kleinman, HMV's lenders will be granted warrants in the company worth up to 5 per cent of the company's shares.

The arrangement is designed to give the struggling retailer's banks exposure to any recovery in HMV's share price during the coming years.

HMV's lending syndicate is led by Lloyds Banking Group (LSE: LLOY.L - news) and Royal Bank of Scotland (LSE: RBS.L - news) , the two banks in which the Government owns 83 per cent and 41 per cent stakes respectively.

HMV has struggled with competition from cheaper, internet-based rivals, the high street downturn and soaring property costs across its chain of shops.

Stopped out never lost money so fast. Wrong call.

Probably time to buy as rescue in place.

Losing most of its previous gains now. Good short.

HMV funny no trades, some say trades are going through on the plus market. Do not understand this.

HMV sell this dog

noticed Dir has transferred-in a large tranch of shares - is this "rearranging the deck-chairs?" - anyone explain?

I'm aware of the lack of business via Record Sales....but have they any assets which are worth a bob, or two?

http://www.redmayne.co.uk/research/securitydetails/financials.htm?tkr=HMV

hmv LOL
they lack internet access right now
gl

double LOL
nothing serious
yeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaa

et toir

http://www.youtube.com/watch?v=CRWNJk9_2hI&feature=related

This is a 4p disaster.

is HMV selling deckchairs ?

Record sale now on.

Is that a pun?

lol skinny.

HMV suffers loss of £36.4m
Grace Jennings-Edquist

Published 19 December 2011 Music giant admits an uncertain future.


Busier times: the Oxford Street, London HMV store last December.
DVD, music and games retail group HMV has admitted facing "uncertainties which may cast significant doubt on the group's ability to continue as a going concern in the future" in a first half results statement today.

The retailer, which posted a pre-tax loss of £36.4m for the six months to the end of October, has now reported devastating like-for-like sales figures in the run-up to Christmas. Shares in HMV fell nearly 10 per cent after the results were published, leaving the business valued at £16.4m.

HMV sold bookseller Waterstone's and HMV Canada in June to raise a total of £55m in a rescue deal with banks- and may now be looking to sell its live music division, which operates legendary venues such as the Forum, it conceded in a statement.

HMV chief executive Simon Fox put on a brave face today, commenting: "Like all consumer-facing companies we are facing tough trading conditions but we continue to push forwards through this period

The High street is of the past.

Blacks leisure finished trading today and there is significant doubt whether HMV will continue in its present form.