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anyone any idea what happened today. Not complaining and we are only back to where we were a couple of weeks ago but still unusual to see such a move in one day?
There really hasn't been any bad news. on the contrary I think the business travel scene is moving well and HRG are quite conservative in posting profit warnings very quickly should there be any doubts. The cost cutting has continued and I have not heard of any major losses although not heard of any wins either. Based on matching expectations which I fully believe they will, cant see any reason why this is not past 80 and on its way to 100. Maybe Radcliffe need to take it private again as he did before because the market simply didn't understand this type of company. It is ridiculously cheap at these levels
Jerry The latest 20th. February trading update to my mind anyway didn't appear to be concealing any skeletons in cupboards' Usual stuff business performing to management expectations etc. etc. End of business year last Friday so unless there's been a disastrous last six weeks of this business year I wouldn't think the results can be that bad. We'll find out soon enough. D.
With the current SP been floating between 65p & 69p are we expecting bad results ??? With the excellent results last year we should be at £1 now and just worried now the books have closed do we have bad news coming. I know they have closed some branches which will probably boost the numbers.
Jerry, happy with slow, the higher we are when finally somebody goes for it , the higher we end when they finally sell out.Radcliffe who is the key man is not getting any younger/ Lots of buys going through above 72,levels we haven't seen for a very long time, but we agree it should be at least 80 at this stage
On a slow upward curve here now I feel things are starting to happen. HRG are getting their house in order with the closure of some branches to streamline the business. I am aware of Birmingham closing with others in pipeline, I do not think anything will happen until year end IMO
Interesting amount of trades and action today. Wonder if we are about to see a bid. Would be just fabulous and we could see the price close to 100. For those that don't know 2 companies each own around 23 % of HRG and since they are both in the business, one a competitor and one a friend that one or both would launch a bid which they have to do if they reach 29%. the third option is HRG taking it private again which also would see a much higher price. Trades are pretty small but don't forget that nearly90% of the shares are owned by these 2 companies, institutions, board members or people who are sitting on these shares like myself, so not great options of turnover! Keep a close eye over the next few days. 100 would be great, but might sell some even at 90 if we ever get there!
I agree Buller the excellent results from HRG. They have held this back for far to long now nice rise to 70p and I get the feeling it is ready to Blow. I expect a strong final Q4 from HRG followed by great results in the summer where we should be at the magical pound mark before.
6 months results out today, very strong and positive on all fronts, revenue up, profits up, dividends up debt considerably down and forecast of a stron year , probably the strongest on record. The recent changes in currencies are not reflected yet and they should contribute to an even better full year when that time comes, The only thing missing is that SP needs to move , there has been no trades yet, Price needs at least 10-15% adjustment imho.
The RNS says results due 29 November. the fall of the pound should benefit the company as a lot of their earnings are in other currencies bringing them back to the UK, will only have a major effect next period. Also exports should increase so that is also a good signal. It does seem difficult to maintain a price over 70 which is ridiculous. Still hoping for close to 80 before year end and hopefully getting the magic 3 figures next year either due to good results or the long awaited takeover bid
Are they due ????? It would be good to have an update, I thought when this hit the80's it was not coming back down.
good see to a nice bounce today - i like this company - my only concern is a considerable size of the pension deficit - be comforting to receive news on how it is going to be tackled
Big tranches (for this share) buying today on this share. Looks like I am not the only one believing that we still have a long way to go upwards for this share. Maybe somebody knows about news to come!
A lot of buying to day for a company that has very few shares in general circulation and price continues to go up, nearly 20% in about 1 month. Extremely welcome and my portfolio looks much more healthy now. I am just wondering if the buyer is coincidental or if a bid is brewing. wouldn't at all be surprised and then we can hopefully see 100 and I will be a very happy bunny!
latest analysis and update from HRG. clearly undervalued: http://www.edisoninvestmentresearch.com/research/report/hogg-robinson-group36/full
That note is issued every month and there has been no change in overall number of shares. NO profit warning nd didn't expect it, the price is just getting more reflective of the true value of this company which should be above 80 long ago even without potential takeover. Ift that happens over 100.
just gone to 68 and thee has been note on the total number of shares, someone increased their holding?
On here recently. The SP has not moved upwards since the results we have actually lost around 12%. Which leads me to my next worry a profit warning on the horizon me thinks.
interesting analysis, good long term investment and price now moving: http://www.edisoninvestmentresearch.com/research/report/hogg-robinson-group34/full
so as I predicted yesterday the results were good, maybe even better than that. Profits up with further savings to come into effect this year, dividends up again and now quite substantial. 2 things stood out for me : 1) the profits for Fraedom up 75%, this gives a second string to play on so not all is dependent on the TMC services 2) the debt is down substantially and now below the target set a few years ago. They are now starting to consider how they can share more cash with the shareholders The SP doesn't move fast on this one but this is one of the best, most steady performers and with the dividends and increases in SP has served as one of the best performers in my portfolio since 2009. Always hoping for one of the two companies owning over 20% of the company to launch a takeover bod which will finally get the price up above 100 but in the meantime in here for the long run. Hope to see some reaction over the next few days with first target 80, With EBITDA as it stands and the price that other TMCs have sold for in the UK this SP should be much higher!
been quiet here for a few months and we have seen a steady climb back to 70 after seen a totally unexplained drop. After last years problems and profit warning there has been no such issues this year so would be very surprised if results coming out tomorrow are not at least line with expectations, raising dividends and good forecast for the future. I really hope and believe that should set us on the way towards the 100 which I have always believed was a fair value for this very steady company who still could be subject for a takeover at any time. Up early tomorrow morning to check out the results!
The bounce 66p to 70p down up down up nothing really happening here, thought we would have hit 80p plus by now I know the market is down in general but this is such a good share
I agree this is a very strong signal to the markets about the future of HRG. A very experienced executive, excellent track record and an in depth knowledge of the travel industry. I am delighted. Bill Brindle's appointment doenst make much difference, but he has been on the management a long time and it probably doesn't harm to be the son in law of the CEO! All in all a good day for HRG and promising a strong future and a higher SP which is all I want for Christmas
HRG has announced that Nigel Northridge will be appointed as non-executive director from January 1 and as chairman from April 2016. Northridge is currently chairman of Debenhams and the senior independent director at retail and services firm Inchcape. He has spent 32 years with Gallaher Group including seven years as chief executive between 2000 and 2007 where he “drove consistent and significant growth in shareholder value”. Northridge has also previously served as a non-executive director of Aggreko, Thomas Cook Group and Aer Lingus Group and as chairman of Paddy Power until May 2015. John Coombe, chairman of the company, said: "I am delighted that the board has chosen to appoint as my successor someone with the extensive and relevant experience of Nigel Northridge". The travel management company has also confirmed that William Brindle, the group’s chief information officer, is to be appointed to the board of the company as an executive director
Noticed that Boron Investments i.e. "John Fentener van Vlissingen,the Dutch billionaire,...........founder of BCD Group, a Dutch corporate travel operator" has increased its shareholding in IHG above 4% in support of future acquisitions by IHG. Has this any read-across for HRG in which Boron holds 24%?