HSV – DirectorsTalk Interviews https://www.directorstalkinterviews.com LSE London Stock Exchange PLC Company Interviews Fri, 19 Jul 2019 06:28:10 +0000 en-GB hourly 1 Homeserve Plc Trading in line with guidance https://www.directorstalkinterviews.com/homeserve-plc-trading-in-line-with-guidance/412788151 Fri, 19 Jul 2019 06:28:09 +0000 https://www.directorstalkinterviews.com/?p=788151 HomeServe plc (LON: HSV), the international home repairs and improvements business, has today published the following trading update for the period 1 April to 18 July 2019, to coincide with its Annual General Meeting which takes place today. Trading has been in line with the guidance given by the Company at its full year results ...

This article Homeserve Plc Trading in line with guidance was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
HomeServe plc (LON: HSV), the international home repairs and improvements business, has today published the following trading update for the period 1 April to 18 July 2019, to coincide with its Annual General Meeting which takes place today.

Trading has been in line with the guidance given by the Company at its full year results on 21 May 2019. HomeServe continues to expect further strong growth in FY20, with increased P&L investment in Home Experts offset by strong performance in Membership, particularly in North America. The planned increase in investment in Checkatrade is proceeding well, with strong results from recent advertising campaigns in North West England. HomeServe’s business remains highly seasonal with trading weighted towards the second half.

HomeServe’s business in Continental Europe continues to evolve with two notable developments this month.

In Spain, HomeServe has reached agreement to secure the ongoing billing arrangements for customers acquired through the Endesa partnership for the next five years. This enables HomeServe to continue to use on-bill arrangements for existing customers beyond the initial two year period in force when the Endesa partnership ended in May 2018 and will support the ongoing retention rate.

HomeServe sees limited opportunities for Membership growth in Italy, so has reached agreement to sell its 49% shareholding in its Italian associate, Assistenza Casa, to its partner Edison. International business development resources will be focused on the recently announced joint venture with Mitsubishi in Japan and prospecting other more attractive markets.

HomeServe plc plans to announce its interim results for the six months to 30 September 2019 on 19 November 2019.

This article Homeserve Plc Trading in line with guidance was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc 13.8% Potential Upside Indicated by JP Morgan Cazenove https://www.directorstalkinterviews.com/homeserve-plc-13-8-potential-upside-indicated-by-jp-morgan-cazenove/412786287 Thu, 27 Jun 2019 10:49:27 +0000 https://www.directorstalkinterviews.com/?p=786287 Homeserve plc using EPIC/TICKER code (LON:HSV) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ today by analysts at JP Morgan Cazenove. Homeserve plc are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set a target price of 1350 GBX on its stock. This would ...

This article Homeserve plc 13.8% Potential Upside Indicated by JP Morgan Cazenove was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc using EPIC/TICKER code (LON:HSV) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ today by analysts at JP Morgan Cazenove. Homeserve plc are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set a target price of 1350 GBX on its stock. This would imply the analyst believes there is now a potential upside of 13.8% from today’s opening price of 1186 GBX. Over the last 30 and 90 trading days the company share price has decreased 43 points and increased 167 points respectively. The 52 week high for the stock is 1275 GBX while the year low share price is currently 847.5 GBX.

Homeserve plc has a 50 day moving average of 1,180.11 GBX and the 200 Day Moving Average price is recorded at 1,019.48. There are currently 332,510,728 shares in issue with the average daily volume traded being 700,709. Market capitalisation for LON:HSV is £3,923,626,260 GBP.

This article Homeserve plc 13.8% Potential Upside Indicated by JP Morgan Cazenove was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc Investor Day https://www.directorstalkinterviews.com/homeserve-plc-investor-day/412785607 Thu, 20 Jun 2019 06:14:23 +0000 https://www.directorstalkinterviews.com/?p=785607 HomeServe plc (LON:HSV), the international home repairs and improvements business, is holding an investor day today at Checkatrade’s offices in Portsmouth. The investor day will set out HomeServe’s growth aspirations for Checkatrade and confirm the next milestone for Membership growth in North America. Richard Harpin, Founder and CEO of HomeServe, said: “After 26 years of leading ...

This article Homeserve plc Investor Day was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
HomeServe plc (LON:HSV), the international home repairs and improvements business, is holding an investor day today at Checkatrade’s offices in Portsmouth.

The investor day will set out HomeServe’s growth aspirations for Checkatrade and confirm the next milestone for Membership growth in North America.

Richard Harpin, Founder and CEO of HomeServe, said: “After 26 years of leading the HomeServe business, I have never been more excited by our growth prospects. We have made great strides forward in the development of Checkatrade and we have much more growth to come in our North American Membership business. I look forward to introducing the investment community to key members of our leadership team today, so that they can hear about our plans first hand.”

For Checkatrade, CEO Mike Fairman will set out his plans to accelerate growth in the number of trades on the Checkatrade platform, increase consumer usage, create a market-leading user experience and scale the business through technology upgrades and automation, while maintaining Checkatrade’s unrivalled reputation for checking, vetting and monitoring trades. Milestones set out today are to attract 150,000 – 200,000 trades onto the platform, achieve revenue per trade of £1200-£1300, achieve operating margins of 25-35% and generate medium to long-term adjusted operating profits of £45-90m in the UK.

HomeServe also announces today that it has completed the acquisition of the remaining 30% of Habitissimo, its Spanish Home Experts business for €8.6m, and appointed Sarah Harmon to lead the business from September 2019. Sarah is currently the Country Manager of LinkedIn in Spain and Portugal.

In Membership, Global Membership CEO Tom Rusin will describe the additional growth potential of the North American business. North America is now HomeServe’s biggest Membership business, but with c.70% of the potential market for home assistance policies still unserved, there remains considerable room for growth. The first growth milestone, set in 2016, to achieve adjusted operating profits of $160m, is now firmly in sight. Today HomeServe announces a new medium to long-term adjusted operating profit milestone of $230m, based on recruiting 6-7m customers, achieving income per customer of $120-125, building margins to 24-26% and adding $30-45m of profit from Heating, Ventilation and Air Conditioning (HVAC).

HomeServe today confirms its entry into the whole home warranty market in North America, with the launch of its Total Home Protection product drawing on HomeServe’s customer service expertise to differentiate itself in a large, attractive and fragmented market. The organic launch of Total Home Protection will be supported by the acquisition of American Home Guardian, also announced today, which adds marketing expertise in the real estate channel to HomeServe’s well established distribution via utility partnerships.

At its full year results on 21 May 2019, HomeServe stated that it expects to deliver further strong growth in FY20, with increased P&L investment in Home Experts offset by strong performance in Membership, particularly in North America. The net operating investment in Home Experts in FY20 is expected to be £10-12m, plus £2-3m in New Markets. Capital investment across all business lines in FY20 is expected to be c.£50m (excluding partner payments). The new financial year has started well, and performance is in line with expectations and the guidance given in May.

Slides from the Investor Day will be posted on www.homeserveplc.com this afternoon, followed by a full transcript of the keynote speeches.  

This article Homeserve plc Investor Day was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc 5.3% Potential Upside Indicated by Barclays Capital https://www.directorstalkinterviews.com/homeserve-plc-5-3-potential-upside-indicated-by-barclays-capital/412785342 Tue, 18 Jun 2019 10:52:10 +0000 https://www.directorstalkinterviews.com/?p=785342 Homeserve plc with EPIC/TICKER (LON:HSV) has had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘EQUAL WEIGHT’ today by analysts at Barclays Capital. Homeserve plc are listed in the Industrials sector within UK Main Market. Barclays Capital have set their target price at 1320 GBX on its stock. This now indicates ...

This article Homeserve plc 5.3% Potential Upside Indicated by Barclays Capital was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc with EPIC/TICKER (LON:HSV) has had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘EQUAL WEIGHT’ today by analysts at Barclays Capital. Homeserve plc are listed in the Industrials sector within UK Main Market. Barclays Capital have set their target price at 1320 GBX on its stock. This now indicates the analyst believes there is a possible upside of 5.3% from the opening price of 1254 GBX. Over the last 30 and 90 trading days the company share price has increased 162 points and increased 241 points respectively. The 1 year high share price is 1275 GBX while the 52 week low for the share price is 847.5 GBX.

Homeserve plc has a 50 day moving average of 1,162.22 GBX and a 200 day moving average of 1,012.02. There are currently 332,510,728 shares in issue with the average daily volume traded being 582,262. Market capitalisation for LON:HSV is £4,189,634,820 GBP.

This article Homeserve plc 5.3% Potential Upside Indicated by Barclays Capital was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc 14.3% Potential Upside Indicated by Berenberg https://www.directorstalkinterviews.com/homeserve-plc-14-3-potential-upside-indicated-by-berenberg/412784262 Thu, 06 Jun 2019 10:38:04 +0000 https://www.directorstalkinterviews.com/?p=784262 Homeserve plc using EPIC/TICKER code (LON:HSV) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Berenberg. Homeserve plc are listed in the Industrials sector within UK Main Market. Berenberg have set a target price of 1400 GBX on its stock. This would imply the analyst ...

This article Homeserve plc 14.3% Potential Upside Indicated by Berenberg was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc using EPIC/TICKER code (LON:HSV) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Berenberg. Homeserve plc are listed in the Industrials sector within UK Main Market. Berenberg have set a target price of 1400 GBX on its stock. This would imply the analyst believes there is now a potential upside of 14.3% from today’s opening price of 1225 GBX. Over the last 30 and 90 trading days the company share price has increased 143 points and increased 265 points respectively. The 1 year high stock price is 1240 GBX while the year low stock price is currently 847.5 GBX.

Homeserve plc has a 50 day moving average of 1,128.43 GBX and a 200 Day Moving Average share price is recorded at 1,002.40. There are currently 332,510,728 shares in issue with the average daily volume traded being 593,654. Market capitalisation for LON:HSV is £4,079,853,528 GBP.

This article Homeserve plc 14.3% Potential Upside Indicated by Berenberg was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc 3.8% Potential Upside Indicated by JP Morgan Cazenove https://www.directorstalkinterviews.com/homeserve-plc-3-8-potential-upside-indicated-by-jp-morgan-cazenove/412783049 Tue, 21 May 2019 09:33:25 +0000 https://www.directorstalkinterviews.com/?p=783049 Homeserve plc with EPIC/TICKER (LON:HSV) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at JP Morgan Cazenove. Homeserve plc are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set their target price at 1150 GBX on its stock. This now ...

This article Homeserve plc 3.8% Potential Upside Indicated by JP Morgan Cazenove was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc with EPIC/TICKER (LON:HSV) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at JP Morgan Cazenove. Homeserve plc are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set their target price at 1150 GBX on its stock. This now indicates the analyst believes there is a possible upside of 3.8% from today’s opening price of 1108 GBX. Over the last 30 and 90 trading days the company share price has decreased 36 points and increased 139.5 points respectively. The 1 year high stock price is 1171 GBX while the 52 week low for the stock is 793.5 GBX.

Homeserve plc has a 50 day moving average of 1,076.82 GBX and a 200 Day Moving Average share price is recorded at 990.86. There are currently 332,506,431 shares in issue with the average daily volume traded being 467,015. Market capitalisation for LON:HSV is £3,773,946,505 GBP.

This article Homeserve plc 3.8% Potential Upside Indicated by JP Morgan Cazenove was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
HomeServe plc Strong results across the Group https://www.directorstalkinterviews.com/homeserve-plc-strong-results-across-the-group/412783021 Tue, 21 May 2019 07:04:30 +0000 https://www.directorstalkinterviews.com/?p=783021 HomeServe plc (LON:HSV), today announced Preliminary results for the year ended 31 March 2019. 20192018¹Change²Revenue£1,003.6m£899.7m+12%Statutory operating profit£152.6m£135.0m+13%Statutory profit before tax£139.5m£123.3m+13%Basic earnings per share32.7p30.2p+8%    Adjusted operating profit³£174.8m£153.4m+14%Adjusted profit before tax³£161.7m£141.7m+14%Adjusted earnings per share³37.5p33.6p+12%Adjusted EBITDA³£221.9m£197.6m+12%    Ordinary dividend per share21.4p19.1p+12%Net debt£304.7m£237.8m+28%Total number of customers8.4m8.4m–  · Group revenue exceeded £1.0bn (FY18: £899.7m) · Adjusted operating profit up 14% to £174.8m with ...

This article HomeServe plc Strong results across the Group was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
HomeServe plc (LON:HSV), today announced Preliminary results for the year ended 31 March 2019.


2019
2018¹Change²
Revenue£1,003.6m£899.7m+12%
Statutory operating profit£152.6m£135.0m+13%
Statutory profit before tax£139.5m£123.3m+13%
Basic earnings per share32.7p30.2p+8%
    
Adjusted operating profit³£174.8m£153.4m+14%
Adjusted profit before tax³£161.7m£141.7m+14%
Adjusted earnings per share³37.5p33.6p+12%
Adjusted EBITDA³£221.9m£197.6m+12%
    
Ordinary dividend per share21.4p19.1p+12%
Net debt£304.7m£237.8m+28%
Total number of customers8.4m8.4m– 

· Group revenue exceeded £1.0bn (FY18: £899.7m)

· Adjusted operating profit up 14% to £174.8m with statutory operating profit up 13% to £152.6m

· UK adjusted operating profit up 8% to £66.0m, with income per customer up 15% as the business continued its focus on delivering additional products to customers

· Adjusted operating profit in North America up 37% to $88.1m; with an adjusted operating margin of 20% (FY18: 17%) as customers reached 4.0m (FY18: 3.6m). France and Spain both delivered good growth in adjusted operating profit, up 6% and 5% respectively

· Established presence in Japan via a joint venture agreement with Mitsubishi Corporation

· Pro forma revenue growth of 33% at Checkatrade and a 23% increase in trades to 36k

· Group remains highly cash generative with a strong financial position: 116% cash conversion³; within target leverage range at 1.4x Net Debt: Adjusted EBITDA

· Proposed final dividend of 16.2p, to take the total dividend for the year to 21.4p, up 12%, in line with earnings

Richard Harpin, Founder and Chief Executive, HomeServe plc, said: “HomeServe delivered another very good year with further profit growth across the Group. North America was once again the outstanding performer and our progress there continues at pace. Allied to good performances in the UK, France and Spain, our Membership business is strong and I remain excited about its prospects.

“Checkatrade is already making great strides to strengthen its position as the UK market leader and offer an even better trade and consumer experience. In Home Experts we have a business line with huge potential. The progress we have made this year has confirmed that we are developing a winning model and gives us the confidence to increase our annual investment.

“Our mission is to make home repairs and improvements easy for both homeowners and trades and I remain as passionate as ever about our efforts to provide great service to achieve this.”

Outlook

HomeServe expects to deliver further strong growth in FY20, with increased P&L investment in Home Experts expected to be offset by strong performance in Membership, particularly North America. HomeServe increased its P&L investment in Home Experts and New Markets to £9.8m in FY19 (FY18: £4.4m), and expects to increase it to between £12m to £15m across these two areas in FY20.

This article HomeServe plc Strong results across the Group was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc 10% Potential Decrease Indicated by JP Morgan Cazenove https://www.directorstalkinterviews.com/homeserve-plc-10-potential-decrease-indicated-by-jp-morgan-cazenove/412782399 Wed, 15 May 2019 09:42:07 +0000 https://www.directorstalkinterviews.com/?p=782399 Homeserve plc with EPIC/TICKER (LON:HSV) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ today by analysts at JP Morgan Cazenove. Homeserve plc are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set a target price of 970 GBX on its stock. This would ...

This article Homeserve plc 10% Potential Decrease Indicated by JP Morgan Cazenove was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc with EPIC/TICKER (LON:HSV) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ today by analysts at JP Morgan Cazenove. Homeserve plc are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set a target price of 970 GBX on its stock. This would indicate that the analyst believes there is a downside of -10.0% from the opening price of 1078 GBX. Over the last 30 and 90 trading days the company share price has decreased 26 points and increased 110.5 points respectively. The 1 year high for the share price is 1171 GBX while the 52 week low is 754.5 GBX.

Homeserve plc has a 50 day moving average of 1,066.82 GBX and a 200 day moving average of 988.97. There are currently 332,506,431 shares in issue with the average daily volume traded being 476,561. Market capitalisation for LON:HSV is £3,591,069,120 GBP.

This article Homeserve plc 10% Potential Decrease Indicated by JP Morgan Cazenove was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
HomeServe plc Retention rate remained strong at 82% and across all geographies https://www.directorstalkinterviews.com/homeserve-plc-retention-rate-remained-strong-at-82-and-across-all-geographies/412771289 Thu, 04 Apr 2019 06:33:32 +0000 https://www.directorstalkinterviews.com/?p=771289 HomeServe plc (LON:HSV), the international home repairs and improvements business, today publishes the following update in respect of its financial year ended 31 March 2019. Trading update HomeServe has had another very good year, with adjusted profit before tax (PBT) expected to be at the upper end of market expectations¹ and significantly ahead of the ...

This article HomeServe plc Retention rate remained strong at 82% and across all geographies was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
HomeServe plc (LON:HSV), the international home repairs and improvements business, today publishes the following update in respect of its financial year ended 31 March 2019.

Trading update

HomeServe has had another very good year, with adjusted profit before tax (PBT) expected to be at the upper end of market expectations¹ and significantly ahead of the £141.7m delivered in FY18.

In the Membership business, North America reached the milestone of 4.0m customers (March 2018: 3.6m) as the business continued to grow strongly. In the UK, customer numbers were 2.0m (March 2018: 2.2m), reflecting continued good retention but no policy book acquisitions in FY19. In Spain, customers reduced to 1.1m (March 2018: 1.3m) following the end of the affinity partnership with Endesa, as previously announced. In France, customer numbers saw a small increase and were 1.1m (March 2018: 1.1m) and a new partnership was signed with Saur, the third largest water utility. The Group retention rate remained strong at 82% and across all geographies, HomeServe’s focus on delivering additional products to those customers who value its services drove increases in net income per customer.

In Home Experts, HomeServe’s online trades marketplace, revenue at Checkatrade increased by over 30% and trades recruitment grew strongly. Consumer web visits also increased and a new management team with experience in fast growing digital businesses is now in place to drive the business forward in FY20 and beyond.

Net debt at 31 March 2019 was c.1.5x EBITDA, well within the Group’s target leverage range of 1.0 to 2.0x.

Further detail on progress with all of the Group’s business lines will be provided in HomeServe’s preliminary results on 21 May 2019.

Investor Day

HomeServe will hold an Investor Day at Checkatrade’s headquarters in Portsmouth on Thursday 20 June 2019. Further details will be communicated shortly.

¹ Estimates for adjusted profit before tax range from £159.5m to £161.7m with a mean average of £160.6m. Adjusted PBT excludes the impact of the amortisation of acquisition intangible assets.

This article HomeServe plc Retention rate remained strong at 82% and across all geographies was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc 4.9% Potential Upside Indicated by HSBC https://www.directorstalkinterviews.com/homeserve-plc-4-9-potential-upside-indicated-by-hsbc/412766997 Tue, 12 Feb 2019 11:03:02 +0000 https://www.directorstalkinterviews.com/?p=766997 Homeserve plc with EPIC/TICKER (LON:HSV) has had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘HOLD’ today by analysts at HSBC. Homeserve plc are listed in the Industrials sector within UK Main Market. HSBC have set their target price at 1000 GBX on its stock. This would indicate that the analyst ...

This article Homeserve plc 4.9% Potential Upside Indicated by HSBC was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc with EPIC/TICKER (LON:HSV) has had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘HOLD’ today by analysts at HSBC. Homeserve plc are listed in the Industrials sector within UK Main Market. HSBC have set their target price at 1000 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 4.9% from the opening price of 953.5 GBX. Over the last 30 and 90 trading days the company share price has increased 78.5 points and decreased 6 points respectively. The 52 week high for the stock is 1066 GBX while the year low share price is currently 699.66 GBX.

Homeserve plc has a 50 day moving average of 916.97 GBX and a 200 Day Moving Average share price is recorded at 946.96. There are currently 331,930,698 shares in issue with the average daily volume traded being 402,266. Market capitalisation for LON:HSV is £3,219,726,820 GBP.

This article Homeserve plc 4.9% Potential Upside Indicated by HSBC was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
HomeServe plc Delivered a strong first half https://www.directorstalkinterviews.com/homeserve-plc-delivered-a-strong-first-half/412761705 Tue, 20 Nov 2018 07:47:39 +0000 https://www.directorstalkinterviews.com/?p=761705 HomeServe plc (LON:HSV) today announced Interim results for the six months ended 30 September 2018 Six months ended Six months ended Change¹ 30 September 2018 30 September 2017 Revenue £404.3m £366.0m +10% Statutory operating profit £24.6m £27.5m -11% Statutory profit before tax £19.3m £21.2m -9% Basic earnings per share 4.6p 5.1p -10% EBITDA £60.5m £56.1m ...

This article HomeServe plc Delivered a strong first half was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
HomeServe plc (LON:HSV) today announced Interim results for the six months ended 30 September 2018

Six months ended

Six months ended

Change¹

30 September 2018

30 September 2017

Revenue

£404.3m

£366.0m

+10%

Statutory operating profit

£24.6m

£27.5m

-11%

Statutory profit before tax

£19.3m

£21.2m

-9%

Basic earnings per share

4.6p

5.1p

-10%

EBITDA

£60.5m

£56.1m

+8%

Adjusted² operating profit

£37.1m

£35.3m

+5%

Adjusted² profit before tax

£31.8m

£29.0m

+10%

Adjusted² earnings per share

7.5p

6.8p

+10%

Ordinary dividend per share

5.2p

4.7p

+11%

Net debt

£291.9m

£304.0m

-4%

Total customers

8.3m

7.8m

+5%

Strong operational performance and good progress on growth initiatives across the business

· Adjusted PBT up 10% in the seasonally quieter first half to £31.8m; statutory PBT down 9%, reflecting straight-line amortisation charges linked to prior period acquisitions

· Improved performance in the UK, with adjusted operating profit up 11% to £10.2m and three new energy partners signed

· Continued strong growth in North America, with adjusted operating profit up 28% to $18.9m

· Good progress with business development in France, with a new long-term contract signed with Veolia

· Adjusted operating profit in Spain up 9% to €9.8m, in line with expectations

· Excellent progress in Home Experts, with Trades subscribers up 17% to 54k and website visits up 17% to 51.7m, indicating increased consumer engagement

· Strong financial position: over £200m headroom against total debt facilities at 30 September 2018; additional £174.2m arranged via a US private placement on 25 October 2018

· Interim dividend up 11% to 5.2p

Richard Harpin, Founder and Group Chief Executive, HomeServe plc, commented: “We have delivered a strong first half and remain confident in our growth prospects for the full year. Business performance has been good in all our geographies and we have made progress on strategic initiatives in all four of our global business lines.

“HomeServe has just celebrated its 25th anniversary. I am as excited as ever by the opportunities to continue to build our business so that we can help homeowners with every job, in every home.”

This article HomeServe plc Delivered a strong first half was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc 27.3% Potential Upside Indicated by Berenberg https://www.directorstalkinterviews.com/homeserve-plc-27-3-potential-upside-indicated-by-berenberg-2/412760008 Tue, 16 Oct 2018 09:13:09 +0000 https://www.directorstalkinterviews.com/homeserve-plc-27-3-potential-upside-indicated-by-berenberg-2/412760008 Homeserve plc using EPIC/TICKER code (LON:HSV) had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘BUY’ today by analysts at Berenberg. Homeserve plc are listed in the Industrials sector within UK Main Market. Berenberg have set a target price of 1150 GBX on its stock. This would imply the analyst believes ...

This article Homeserve plc 27.3% Potential Upside Indicated by Berenberg was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc using EPIC/TICKER code (LON:HSV) had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘BUY’ today by analysts at Berenberg. Homeserve plc are listed in the Industrials sector within UK Main Market. Berenberg have set a target price of 1150 GBX on its stock. This would imply the analyst believes there is now a potential upside of 27.3% from the opening price of 903.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 103.5 points and decreased 63 points respectively. The 1 year high share price is 1066 GBX while the year low stock price is currently 699.66 GBX.

Homeserve plc has a 50 day moving average of 1,012.22 GBX and a 200 day moving average of 872.45. There are currently 331,896,888 shares in issue with the average daily volume traded being 869,369. Market capitalisation for LON:HSV is £2,900,002,809 GBP.

This article Homeserve plc 27.3% Potential Upside Indicated by Berenberg was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc 27.3% Potential Upside Indicated by Berenberg https://www.directorstalkinterviews.com/homeserve-plc-27-3-potential-upside-indicated-by-berenberg/412759978 Tue, 16 Oct 2018 08:53:39 +0000 https://www.directorstalkinterviews.com/?p=759978 Homeserve plc using EPIC/TICKER code (LON:HSV) had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘BUY’ today by analysts at Berenberg. Homeserve plc are listed in the Industrials sector within UK Main Market. Berenberg have set a target price of 1150 GBX on its stock. This would imply the analyst believes ...

This article Homeserve plc 27.3% Potential Upside Indicated by Berenberg was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc using EPIC/TICKER code (LON:HSV) had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘BUY’ today by analysts at Berenberg. Homeserve plc are listed in the Industrials sector within UK Main Market. Berenberg have set a target price of 1150 GBX on its stock. This would imply the analyst believes there is now a potential upside of 27.3% from the opening price of 903.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 103.5 points and decreased 63 points respectively. The 1 year high share price is 1066 GBX while the year low stock price is currently 699.66 GBX.

Homeserve plc has a 50 day moving average of 1,012.22 GBX and a 200 day moving average of 872.45. There are currently 331,896,888 shares in issue with the average daily volume traded being 869,369. Market capitalisation for LON:HSV is £2,900,002,809 GBP.

This article Homeserve plc 27.3% Potential Upside Indicated by Berenberg was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc 2.1% Potential Upside Indicated by UBS https://www.directorstalkinterviews.com/homeserve-plc-2-1-potential-upside-indicated-by-ubs/412757636 Mon, 03 Sep 2018 09:25:22 +0000 https://www.directorstalkinterviews.com/?p=757636 Homeserve plc with EPIC/TICKER (LON:HSV) had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘NEUTRAL’ today by analysts at UBS. Homeserve plc are listed in the Industrials sector within UK Main Market. UBS have set a target price of 1050 GBX on its stock. This now indicates the analyst believes there ...

This article Homeserve plc 2.1% Potential Upside Indicated by UBS was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc with EPIC/TICKER (LON:HSV) had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘NEUTRAL’ today by analysts at UBS. Homeserve plc are listed in the Industrials sector within UK Main Market. UBS have set a target price of 1050 GBX on its stock. This now indicates the analyst believes there is a possible upside of 2.1% from the opening price of 1028 GBX. Over the last 30 and 90 trading days the company share price has increased 31.5 points and increased 135.5 points respectively. The 52 week high for the share price is currently at 1046 GBX while the 52 week low for the stock is 699.66 GBX.

Homeserve plc has a 50 day moving average of 983.32 GBX and the 200 Day Moving Average price is recorded at 836.42. There are currently 331,873,120 shares in issue with the average daily volume traded being 741,609. Market capitalisation for LON:HSV is £3,316,497,220 GBP.

This article Homeserve plc 2.1% Potential Upside Indicated by UBS was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc 9.6% Potential Upside Indicated by Liberum Capital https://www.directorstalkinterviews.com/homeserve-plc-9-6-potential-upside-indicated-by-liberum-capital/412757474 Thu, 30 Aug 2018 09:44:52 +0000 https://www.directorstalkinterviews.com/?p=757474 Homeserve plc with EPIC/TICKER (LON:HSV) has had its stock rating noted as ‘Retains’ with the recommendation being set at ‘BUY’ today by analysts at Liberum Capital. Homeserve plc are listed in the Industrials sector within UK Main Market. Liberum Capital have set a target price of 1120 GBX on its stock. This now indicates the ...

This article Homeserve plc 9.6% Potential Upside Indicated by Liberum Capital was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc with EPIC/TICKER (LON:HSV) has had its stock rating noted as ‘Retains’ with the recommendation being set at ‘BUY’ today by analysts at Liberum Capital. Homeserve plc are listed in the Industrials sector within UK Main Market. Liberum Capital have set a target price of 1120 GBX on its stock. This now indicates the analyst believes there is a possible upside of 9.6% from the opening price of 1022 GBX. Over the last 30 and 90 trading days the company share price has increased 10 points and increased 144.5 points respectively. The 52 week high for the share price is currently at 1037 GBX while the 52 week low for the share price is 699.66 GBX.

Homeserve plc has a 50 day moving average of 978.49 GBX and a 200 Day Moving Average share price is recorded at 837.97. There are currently 331,873,120 shares in issue with the average daily volume traded being 734,545. Market capitalisation for LON:HSV is £3,391,530,105 GBP.

This article Homeserve plc 9.6% Potential Upside Indicated by Liberum Capital was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc 8.1% Potential Upside Indicated by UBS https://www.directorstalkinterviews.com/homeserve-plc-8-1-potential-upside-indicated-by-ubs/412753963 Wed, 04 Jul 2018 10:04:39 +0000 https://www.directorstalkinterviews.com/?p=753963 Homeserve plc with EPIC/TICKER (LON:HSV) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at UBS. Homeserve plc are listed in the Industrials sector within UK Main Market. UBS have set a target price of 1000 GBX on its stock. This indicates the analyst now believes ...

This article Homeserve plc 8.1% Potential Upside Indicated by UBS was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc with EPIC/TICKER (LON:HSV) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at UBS. Homeserve plc are listed in the Industrials sector within UK Main Market. UBS have set a target price of 1000 GBX on its stock. This indicates the analyst now believes there is a potential upside of 8.1% from today’s opening price of 925 GBX. Over the last 30 and 90 trading days the company share price has increased 29.5 points and increased 184.5 points respectively. The 1 year high share price is 936.5 GBX while the year low share price is currently 682.5 GBX.

Homeserve plc has a 50 day moving average of 854.33 GBX and the 200 Day Moving Average price is recorded at 806.75. There are currently 329,812,896 shares in issue with the average daily volume traded being 820,466. Market capitalisation for LON:HSV is £2,980,429,552 GBP.

This article Homeserve plc 8.1% Potential Upside Indicated by UBS was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc 6.2% Potential Upside Indicated by Liberum Capital https://www.directorstalkinterviews.com/homeserve-plc-6-2-potential-upside-indicated-by-liberum-capital/412751726 Fri, 25 May 2018 09:50:57 +0000 https://www.directorstalkinterviews.com/homeserve-plc-6-2-potential-upside-indicated-by-liberum-capital/412751726 Homeserve plc with EPIC/TICKER (LON:HSV) had its stock rating noted as ‘Retains’ with the recommendation being set at ‘BUY’ today by analysts at Liberum Capital. Homeserve plc are listed in the Industrials sector within UK Main Market. Liberum Capital have set their target price at 950 GBX on its stock. This would indicate that the ...

This article Homeserve plc 6.2% Potential Upside Indicated by Liberum Capital was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc with EPIC/TICKER (LON:HSV) had its stock rating noted as ‘Retains’ with the recommendation being set at ‘BUY’ today by analysts at Liberum Capital. Homeserve plc are listed in the Industrials sector within UK Main Market. Liberum Capital have set their target price at 950 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 6.2% from today’s opening price of 894.5 GBX. Over the last 30 and 90 trading days the company share price has increased 162.5 points and increased 147.5 points respectively. The 1 year high stock price is 914.5 GBX while the 52 week low for the stock is 682.5 GBX.

Homeserve plc has a 50 day moving average of 761.69 GBX and a 200 day moving average of 788.17. There are currently 329,812,907 shares in issue with the average daily volume traded being 873,890. Market capitalisation for LON:HSV is £2,941,931,130 GBP.

This article Homeserve plc 6.2% Potential Upside Indicated by Liberum Capital was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc 20.5% Potential Upside Indicated by JP Morgan Cazenove https://www.directorstalkinterviews.com/homeserve-plc-20-5-potential-upside-indicated-by-jp-morgan-cazenove/412748950 Fri, 06 Apr 2018 08:58:23 +0000 https://www.directorstalkinterviews.com/homeserve-plc-20-5-potential-upside-indicated-by-jp-morgan-cazenove/412748950 Homeserve plc with EPIC/TICKER (LON:HSV) has had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at JP Morgan Cazenove. Homeserve plc are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set their target price at 890 GBX on its stock. This ...

This article Homeserve plc 20.5% Potential Upside Indicated by JP Morgan Cazenove was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc with EPIC/TICKER (LON:HSV) has had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at JP Morgan Cazenove. Homeserve plc are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set their target price at 890 GBX on its stock. This would imply the analyst believes there is now a potential upside of 20.5% from today’s opening price of 738.5 GBX. Over the last 30 and 90 trading days the company share price has increased 1 points and decreased 64.5 points respectively. The 52 week high share price is 872 GBX while the 52 week low for the stock is 571.5 GBX.

Homeserve plc has a 50 day moving average of 747.40 GBX and a 200 Day Moving Average share price is recorded at 781.27. There are currently 329,713,342 shares in issue with the average daily volume traded being 755,620. Market capitalisation for LON:HSV is £2,426,690,197 GBP.

This article Homeserve plc 20.5% Potential Upside Indicated by JP Morgan Cazenove was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc 28.3% Potential Upside Indicated by Liberum Capital https://www.directorstalkinterviews.com/homeserve-plc-28-3-potential-upside-indicated-by-liberum-capital/412748873 Thu, 05 Apr 2018 10:21:03 +0000 https://www.directorstalkinterviews.com/?p=748873 Homeserve plc with EPIC/TICKER (LON:HSV) had its stock rating noted as ‘Retains’ with the recommendation being set at ‘BUY’ this morning by analysts at Liberum Capital. Homeserve plc are listed in the Industrials sector within UK Main Market. Liberum Capital have set a target price of 950 GBX on its stock. This would imply the ...

This article Homeserve plc 28.3% Potential Upside Indicated by Liberum Capital was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>
Homeserve plc with EPIC/TICKER (LON:HSV) had its stock rating noted as ‘Retains’ with the recommendation being set at ‘BUY’ this morning by analysts at Liberum Capital. Homeserve plc are listed in the Industrials sector within UK Main Market. Liberum Capital have set a target price of 950 GBX on its stock. This would imply the analyst believes there is now a potential upside of 28.3% from today’s opening price of 740.5 GBX. Over the last 30 and 90 trading days the company share price has increased 12.5 points and decreased 64 points respectively. The 1 year high for the share price is 872 GBX while the 52 week low is 560.5 GBX.

Homeserve plc has a 50 day moving average of 748.33 GBX and a 200 Day Moving Average share price is recorded at 781.20. There are currently 430,053,000 shares in issue with the average daily volume traded being 741,910. Market capitalisation for LON:HSV is £2,453,283,865 GBP.

This article Homeserve plc 28.3% Potential Upside Indicated by Liberum Capital was written by DirectorsTalk Interviews.


©2017 DirectorsTalk Interviews
]]>