Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
That we have not had an RNS about the Group Commercial Director leaving the business. Stewart Harvey had been with HRG for over 30 years and is well respected within the company and industry.
very good sign, shows that we are just at the start of the upturn in SP, nobody knows it better than directors
Another buy. Not massive , 50k. But still a good sign of confidence. Good luck all
truly hope you are right :-). There is no doubt looking at what prices are paid in the industry as multiple of EBITDA HRG should be valued somewhere between 85 and 100 and that is based on quite a low profit level compared to the rest of the industry but a very steady one. I do think with takeover and utilising the strength s and repairing the weaknesses this company could generate much higher profits and if I can see it so can the hawks who might be hoping to pick up this company. I wonder whether anyone has used the period of far too low prices to pick u a few more percentages, wouldn't surprise me. Interesting few months ahead, me thinks.
To see the price over 50p I do think it is onwards and upwards now for Hrg. I was a doubter when senior management left the business late 2014 but it looks like they knew what they was doing. I think by the year end results come out this will be back in high 70s.
Interim just paid in Jan. Y/E is 31 March, last yr final results published 22 May.
Just observing the share with an interest to buy, wondering if anyone knew when the financial results will be released to the public? End of March?
Knew I shouldn't have written anything and tempted faith :-) dropped a bit again, hope we can hold above 50 and build a new floor.
Been careful being too optimistic lately but now the trend is so clear and being top of the risers board today is sensational. So is it the management report the other day that basically removes the fear that came out of the profit warning or is ti something else, like the long awaited takeover battle. I don't know but very happy to sit on a whole heap of these shares and see them rise again. It has been a few difficult months.
So anyone who thought the profit warning was the beginning of a slide down which caused a nearly 50% drop in share price are coming back and the price is creeping safely and surely back up. I assume the market expectations are revised after the profit warning but it was very mild warning so I think the results will be inline with last year when the SP was around 70 and in the meantime the cost base has been substantially reduced which promises well for future years. all in all steady as it goes and I can really only see the good trend over the last few weeks continue. Expect to be above 60 when it comes to results, remember the high dividends we get here
......now out. Full year results expected to be in line with market expectations.
.....due out this month.
It bolsters confidence that an entity like Wellcome is investing in HRG, because their bottom line is so important to their overall mission...and confirmation that they see Stability, Dividends, and potential Appreciation. Glad to have them aboard.
Yes, that is interesting, long time we have seen anyone crossing the 3%. It shows that this share is attracting interest at these prices ( no wonder). the only problem is that even fewer shares will be in circulation. So many shares in HRG are held by people who wont sell. It means it wont take a lot of buying pressure to get the price up, nice to see a small adjustment already, much more to come, would love to see 50 before end of year (march) Notice also that the CFO is leaving, no reaction in market to this. He has done an OK job, go the pension liability reduced and the interest on the debt but sure they can find somebody equally good.
Nice investment by Wellcome.
Useful comments - thanks
Although bullish on HRG , in general the holiday prices and even to most extentthe prices of air tickets have very little influence on HRG. They sell very few holidays and in the corporate world people travel when they have to travel and don't start going more because prices drop a little or go up a little. I think the rot has stopped here and we will be ready to move upwards from here in an orderly fashion. Cuts have been made throughout the organisation which will be reflected in the costs certainly next year and it looks like they finally have got Canada under control but it was costly. On the other hand I have bought quite heavily into the airlines. This drop in oil prices might not help results too much this year as they have hedged their purchasing, but at these prices they will be buying heavily possibly for years to come and these are huge savings and should give huge profits maybe larger than we have seen before, Ryanair, easyjet, BA, all already up but should have further to go.
Interesting comments Hootspur, and I am sure you are right that forward purchasing will constrict Airlines in passing on cost savings in the short term. Furthermore, because of tight margins Airlines may we'll be resistant to passing on anything like all of the eventual savings, preferring to favour increasing profit margins. So I agree there is controversy about the impact. Nevertheless, according to the Daily Mail on 21st December, some holiday prices are to already being slashed by up to 50 percent as a result of the lower cost of oil and a stronger pound. The International Air Transport Association have also said 'passengers will benefit strongly' as a result of lower oil prices and stronger economic growth. Duty for kids under 12 is also to be abolished as per the Chancellor's Autumn statement, so you may get your wish yet! My wish is for the share price here to bounce as I think it might if the more optimistic view on the prospects for travel in 2015 prevail. Best wishes
Travel will not feel the full benefit from the price of crude as it buys well in advance, and so far no major carrier has any intentions of passing on any price cuts. There are no intentions of a airline price war in the present time. What is for sure is that the price of crude will mean that the cost of producing against the cost per barrel will play badly for the oil companies. BP is already having its issues on staff rotas and staff cuts is on the cards due to production costs, and government taxes which are way too high in the UK. There are no Freddie Lakers of today, and even though you have many of the "no frill" carriers around the planet they could not afford to pass on fare reductions, as there is no room for them to go based on their tight profit margins. Only Governments can make that change in levies which will give the good feel feeling for the way things are at present. Lets hope that tour operators show some kindness fort their 2016 programmes, as it would wonderful for families who have struggled for so many years that may now have a chance to take their kids on a holiday abroad. How cool that would be now wouldn't it.....?
Good spot and positive. Could do with wider coverage though. This hasn't been picked up on my brokers site.
Positive news will help growth http://www.hrgworldwide.com/Media/Press-Releases/Pages/BMO-Financial-Group-partners-with-Hogg-Robinson-Group.aspx
..... Should provide a boost to travel and hence the bottom line here. Plenty of upside potential if we get some decent figures/news flow.
Perhaps they've only just got it working. Now that would be news!!!! Yep I have experience moving client data from one bespoke system to another, will show up any flaws in in-house computer system, from data integrity to backup/DR procedures. Good news for IT Dept in the short term....., blank cheque for overtime!!!
This Bluesky announcement is from 2012?