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.

HMV was off 2p at 123p on the back of a downgrade from Morgan Stanley, which moved to underweight on fears that the CD and DVD market seems to be in terminal decline.

Wow HMV up 49.39% in one day who would have thought that. Something must be happening, maybe RNS Tuesday.

Talk is that they have come to some sort of arrangement to the banks.

I saw that but I think there is more to this day rise.

HMV nears refinancing deal with its lenders

Monday 6th June 2011, 4:42am GMT
RETAIL

EMBATTLED retailer HMV is close to securing a vital refinancing from its lenders, a source close to the company confirmed yesterday.

Months-long talks with HMVs lending syndicate, led by Lloyds Banking Group and RBS, are close to yielding a two-year refinancing of between 210m and 230m, allowing the firm some breathing space to get its restructuring on track.

The company agreed to sell its Waterstones book chain to Russian tycoon Alexander Mamut last month, with the 53m proceeds helping to cut its debt pile.

The firm will put the sale to shareholders for approval and expects the deal to be finalised by the end of the month, around the time of results for the full year to the end of April.

HMV, which is approaching its 90th anniversary, has been ramping up sales of gaming and technology products to try and offset an industry-wide decline in CD sales. The company said in March that its underlying pre-tax profit for the year would be below market expectations of 45m.

A spokesperson for HMV declined to comment yesterday, while its banks did not return calls for comment.

Could be some profit taking today. I will try a short trade.

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 ?