Homebuy Group (HBG)

Nothing profound in this post (as usual), but I'm looking beyond the Interims etc toward the future. Interims and full year should be at least close to forecasts going by what we know so far. HBG is now spread nationwide from Edinburgh to Southampton, including Northern Ireland, now that the expansion model is confirmed. HBG have yet barely scratched the possible customer numbers available, so early stage growth very likely. By early stage I mean two/three years.

As the client numbers grow, an increase in collectors will be necessary to keep pace. The new products launched recently will obviously be sold by collectors, and it's innarestin that only those who purchase the lead product TV package qualify for these. Grist to the mill and not in the E-D forecasts. Neither (apparently) are any follow up lead product sales made by collectors (ie recommend a friend). Also an indication that bad debt is not a problem.

With no apparent comparable competition I fail to see why HBG shouldn't grow. I've looked at Debt Free Direct (DFD) and Albemarle & Bond (ABM) as comparisons for early growth.