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Hansard Global plc
New business results for the year ended 30 June 2020
Hansard Global plc ("Hansard" or "the Group"), the specialist long-term savings provider, issues its new business results for the financial year ended 30 June 2020 ("FY 2020").
Summary
· New business for the year ended 30 June 2020 was £159.8m in PVNBP ("Present Value of New Business Premiums") terms, up 2.5% from FY 2019 of £155.9m.
· New business for Q4 2020 was £41.3m, 13.2% lower than Q4 2019 of £47.6m.
· The Covid-19 environment presented challenges for our distribution network to meet clients and conclude sales activity during Q4 2020. While this impacted our Q4 2020 new business, our technology-based processes and business continuity preparedness helped greatly to mitigate against these challenges.
· Our Latin American region was the highlight for new business growth over the course of FY 2020, finishing up 44.0% compared to FY 2019.
· Assets under administration recovered in Q4 2020 after the global stock market sell-off in March and totalled £1.09bn at 30 June 2020, up from £1.08bn at 30 June 2019.
· The Group remains well capitalised with highly liquid shareholder funds.
Gordon Marr, Group Chief Executive Officer, commented:
"In one of the most challenging periods in living memory, Hansard has delivered a resilient new business result for the year, finishing 2.5% up on 2019. Our staff and distribution partners have dealt admirably with the challenges presented and have shown that with flexibility, innovation and technology, many hurdles can be overcome.
While the outlook for new business depends largely on the severity of on-going Covid-19 restrictions, our core strategic projects of Japan and our systems upgrade continue to make progress. Importantly, we still plan to launch our new proposition in Japan before the end of this calendar year."
Is there any hope for this share? Price just keeps going down and with the stock markets all scared of endless corona lockdowns will the company continue to make money?
If the dividend is cut again then the price could go below 20p.
I was hoping for a return to above 50p by now.
Excellent results in these testing times I like how they see no reason to stop paying the dividend, I dont care if the stock price stays down here forever if the money keeps rolling in.
430k
I saw a Hansard advert next to the mens toilet at Ronaldsway airport on the Isle of Man. really? How much is that costing?? A waste of my investment money. And GM, you know who you are SPENDING too much on your expenses. Can't you just eat a sensible meal instead of all those posh meals? And I understand you 'claim' the 'tip' for your meals via expenses. REALLY?? GET REAL YOURE RIPPING OFF A ONCE GREAT COMPANY!!!!!
Japan has been approved! Rns today
Any updates on the Japan saga?
plant care has just disappeared or whatever its called so I will try looking at this and refresh
The endless legal disputes against Hansard Europe must be costing the company serious money, they just keep coming. The newest in Italy of over £5 million. Good that the comapny won a £6 million case in Belgium but the case is likely to be appealed. With slow growth in revenue the company needs to get these cases out of the way for share price recovery.
There are moving their product jurisdiction out of the Isle of Man which introduces commission disclosure in Jan 2019.
A drop of 10p in one week with the new floor at 66p, what went wrong here and what is the lowest it will go?
Update shows not much of change here, its waiting game to see if Hansard's new products deliver more money over the long term, I don't expect any short term change in the share price. Dividend worth 5% at �0.8 a share though. Holding for the next decade.
Share price starting to recover now, good vote of confidence by the Wellcome Trust today.
110 by June is my estimation good divi
but that was okay.
Not sure I would influenced too much by Neil Woodford these days but the trading update has impressed me.
Well I think this was excellent - market seems somewhat less impressed. Will add a few more.
Good to see some press on this from Neil Woodford
the results are ok, share price likley to stay where it is until it goes ex dividend in october, we will know then where the share price will stay at until the company raises its dividend again ( I hope it does) assuming an increase in profit.
Looking good shh
unlikely to rise back to 100 for some time, everything depends on the results issued in the next few weeks, they will be ok at best, but nothing good. After this last dividend is payed it will be cut from then on by 50%. Everything hinges on a recovery with their new business model, I am holding for the long term so will see what happens, the company won't go broke so the share price stays where it is or recovers slowly over the next few years
Bought at low 70 and would expect rise back to 100 before Nov need some news
you're
Shouldn't be a problem, unless your sticking out for a certain price...HSBC will take mine. Keep checking, sometimes takes a while. Mind you, could be fate telling you to hold - HSD might be turning a corner. Who knows, not me! atb
I have just tried to sell half my holding and there were no takers... Is this usual?