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    HMV call in KPMG Advisory team amid concerns about company

    SuperEd
    Breaking on skynews

    could this be HMV finally going under ?

    33 Comments

    Original Poster SuperEd

    Uh oh, will tell my bro to spend those gift vouchers asap then!

    Original Poster SuperEd

    sickly sweet

    Uh oh, will tell my bro to spend those gift vouchers asap then!



    i would, im sure zavvi started to go this way before they went under

    Banned

    Sad times

    Shame as HMV are a good company better than Zavvi ever was really and I like that the Glasgow store has free gaming tournaments with gamers chairs and such.

    Original Poster SuperEd

    ryouga

    Shame as HMV are a good company better than Zavvi ever was really and I … Shame as HMV are a good company better than Zavvi ever was really and I like that the Glasgow store has free gaming tournaments with gamers chairs and such.



    maybe so but they are pretty expensive compared to online retailers - maybe the hut group will buy the name oO

    Not good

    HMV failed to move with the times and failed to keep up with the competition (with regards to high street pricing). Is this news REALLY surprising?

    greedy companies with poor customer services ALWAYS go down in the end ..........:{

    Banned

    Would be nice and ironic if they got replaced on the high street by independent retailers.

    jcaho7

    greedy companies with poor customer services ALWAYS go down in the end … greedy companies with poor customer services ALWAYS go down in the end ..........:{



    I always found HMV reasonably priced for a high street store but not as good as specific types of shops for goods they sell i.e the deals for games werent as good as places like Gamestation sometimes but in general the normal price would be the same, and they werent as good as supermarket reductions but for every other thing like dvds they had really cheap deals.

    Plus never really had bad customer service at HMV only really experienced chatty staff mostly in early 20's and normally in education talking about shared interests.

    Brb paying something stupid like £25 for a blu ray that I can get for 6.99 on the net

    Guess i should cancel my pre-order with them for Dead Space 2 collectors edition, only problem is HMV has exclusive rights in UK for the item

    From the same blog on sky news ....

    UPDATE 17:55: HMV has been in touch with me and rightly points out that I have omitted to mention two important facts. The first is that the company is profitable (to the expected tune of about £46m this year, according to analysts) and generates a fair amount of cash.

    The second, more importantly, is that there's no immediate fear for the company's future. In other words, we're not about to wake up tomorrow morning and find that HMV has done a Woolworths.

    Only 2 small facts missed out then......

    sancho1983

    Only 2 small facts missed out then......



    That's the media for you i'm afraid ......

    sancho1983

    Only 2 small facts missed out then......



    Lol, yeah!!

    smithyp1

    From the same blog on sky news ....UPDATE 17:55: HMV has been in touch … From the same blog on sky news ....UPDATE 17:55: HMV has been in touch with me and rightly points out that I have omitted to mention two important facts. The first is that the company is profitable (to the expected tune of about £46m this year, according to analysts) and generates a fair amount of cash.The second, more importantly, is that there's no immediate fear for the company's future. In other words, we're not about to wake up tomorrow morning and find that HMV has done a Woolworths.



    the turnover may be 46m - but whats the profit ? not a lot I would guess

    this thread giving moi the chuckles.....

    get a grip hmv will not go bust- this is re bank covs

    hmv go under the same umberella as waterstones etc

    as of today i own 400k shares in hmv

    its stupid to compare hmv with woolies, the latter being a penny pic n mix outfit i may add

    jcaho7

    greedy companies with poor customer services ALWAYS go down in the end … greedy companies with poor customer services ALWAYS go down in the end ..........:{




    Fingers crossed with Anglian Windows then.

    zappp64

    the turnover may be 46m - but whats the profit ? not a lot I would guess




    £25 from that one stupid person who bought a Blu Ray instore

    I give it 3 months........

    Original Poster SuperEd

    sedd33

    this thread giving moi the chuckles.....get a grip hmv will not go bust- … this thread giving moi the chuckles.....get a grip hmv will not go bust- this is re bank covshmv go under the same umberella as waterstones etcas of today i own 400k shares in hmvits stupid to compare hmv with woolies, the latter being a penny pic n mix outfit i may add



    from sky news article - 'the announcements led to the company losing almost a quarter of its value in early share trading'

    sedd33

    as of today i own 400k shares in hmv



    Ouch. Don't think I'd be chuckling about that...

    Rumours like this cause the share price to crash and the company serious difficulties with trying to re finance the debt they have. "If" they did go under it will speed up the adoption of streaming services.

    Banned

    goonertillidie

    from sky news article - 'the announcements led to the company losing … from sky news article - 'the announcements led to the company losing almost a quarter of its value in early share trading'



    30% down since sedd33's post (Jan 19th).

    Original Poster SuperEd

    oh dear

    I didn't know that the big HMV opposite Bond St closed down!! oO

    fluffyundacrakas

    I didn't know that the big HMV opposite Bond St closed down!! oO



    Yep,closed on 5th march (no real closing down offers , some Blur rays still selling at £27 !!), there is another massive HMV in oxford street !!............:D

    Banned

    jcaho7

    greedy companies with poor customer services ALWAYS go down in the end … greedy companies with poor customer services ALWAYS go down in the end ..........:{


    +1

    was always gonna happen tbh

    high streets will just be charity shops, takeaways & restaurants & £1 shops soon.

    Banned

    bykergrove

    30% down since sedd33's post (Jan 19th).


    sedd33 is a dreaming troll though so only money lost is in her head

    smithyp1

    From the same blog on sky news ....UPDATE 17:55: HMV has been in touch … From the same blog on sky news ....UPDATE 17:55: HMV has been in touch with me and rightly points out that I have omitted to mention two important facts. The first is that the company is profitable (to the expected tune of about £46m this year, according to analysts) and generates a fair amount of cash.The second, more importantly, is that there's no immediate fear for the company's future. In other words, we're not about to wake up tomorrow morning and find that HMV has done a Woolworths.



    HMV, which also owns bookseller Waterstone's, has hired KPMG's debt advisory team to assist with a project that could include renegotiating some of the terms of its borrowing facilities with its lenders.


    lol, what profit with debt...............advice needed
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