Given that we've only completed two months of 2011 so far, it might seem surprising that MHV are already on their second profits warning already.
HMV told the city that its profits were going to be "moderately" below expectations - which seems right up there with "this might sting a little" and "I've some rather bad news". Stockholders seem to have seen this through Sergeant Wilson approach, and dumped HMV shares faster than you could put Olly Murs albums into a bargain bin.
The Guardian offer this handy graph of HMV share prices:
The company is still expecting to make £45million in profits this year, but set against that is £130m worth of debt. Shares value the company at around £66m at the moment, which the astute amongst you will spot is about half of the value of the debt it carries.
Nipper, the HMV dog, is looking up at Mr Herriot with meaningful, but tired, eyes.
[Thanks to Michael M]