HMV

Seasonal greetings all. I'm now fully in at an average buy price of 141.62p. As per previous posts, my target for mean price in the next 6 months is 157.5p, this being partly based on being 75% of what Permira were offering just 9.5 months ago (I would reckoin that they would have been able to make a better job of valuing the company than me). So this, plus the interim divi would give a net gain of approx 12%, which would do me. However, in stating mean price, I would expect deviation of a minimum of 5% on this, meaning that I would hope to cash in on an upward blip at 165p. Anyway, all IMHO, so I am now in for the ride with you lot to suffer the various twists and turns that this one will have in store for us.

Here's hoping that the Xmas trading figures are no worse than analysts expectations and that the current depressed price has in fact priced in them being worse, so that that if they are just averagely bad we should have some upwards pressure on the sp - there's logic in there somewhere!