BUZZ-Homeserve: staying busy
Homeserve (Other OTC: HMSVF - news) most active stock on the FTSE 250 with more than three-fourths of an average day's trading done in the first 20 minutes.
** Stock up 6.1%, best day since Jan 10 this year.
** Homeserve reports 5% growth in annual revenue, retention rate hits 82% in the UK.
** Eye on margins though as discounts offered to bring in new customers.
** Capital (Other OTC: CGHC - news) structure review raising hopes of dividends or buybacks.
** Top (Taiwan OTC: 8419.TWO - news) ranked analyst (RBC Capital Markets) suggests capital structure review, better balance sheet make company attractive to private equity.
(RM (LSE: RM.L - news) : vikram.subhedar.thomsonreuters.com@reuters.net)