Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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keeps buying/selling 4 shares
up ya go
If the business model works, there is plenty of profit to be had.
https://www.tenconcierge.com/en/
Membership starts from £130 per month.
That is £1,560 a year = £130 x 12
That is for non-affinity members, i.e. anybody who wants to pay, can get it.
£1,560 is comparable to the American Express Centurion set up, but that one is invitation only.
HSBC Jade members get access through our own portal, but it's clear that the service is provided by TEN.
Wouldn't HSBC Private Bank customers feel insulted if they had to use a portal for Jade members, a lesser breed? So I assume there is a www.concierge.privatebank.hsbc.com portal for those Private bank account holders.
I assume there are different levels of membership, and charging structure.
Does Coutts pay TEN £2,000 a year membership fee, for a private bank account holder, so TEN can make as much commission as TEN can?
We give you rich client to fleece, and we pay you as well?
Coutts can't be that dumb.
If Coutts manages your money, the funds it buys for you pays Coutts a commission.
So, if Coutts invests £100k for you in a fund called Global Active Oppoortunities, GAO deducts £5,000 in upfront charges, and hands £2,000 to Coutts.
The way I expect it to work with a concierge service is this:
A member charters a plane to take his family to Courchevel, from his estate in Yorkshire.
TEN has charter companies that will play ball, i.e. pay commission/kickback, which they call partners.
The member can get to a local airport easily, but they need to get to Grenoble by plane, followed by helicopter transfer to Courchevel. Sky and Snow Ltd. charges £30,000 for this service normally. On paper, the member pays £30,000 to Sky and Snow Ltd, and TEN seems not to make a penny. 10% kickback means Sky and Snow Ltd. pays £3,000 to TEN. As part of the customer fleecing agreement, TEN then pays £1,500 to Coutts.
The FCA might be clamping down on opaque charging structures where investment is concerned, but there is nothing to stop banks gouging customers through concierge services. The hotel booking system is full of hidden commission structures, too. Booking.com still makes plenty money after they give me a Genius Discount. It's easy, when they already bumped the price up beforehand.
I knew from other incentives and perks that HSBC has no intention of spending a penny on me.
They do, however, try to fleece me like I'm a sheep, at every opportunity.
The idea that they will pay £1,560 membership for me is utterly absurd.
The really sad thing is, an idiot could pay £1,560 a year to join, for the privilege of getting fleeced.
Took me a while, but I think this is their business model.
It's basically estate agent V2.0 . The conceierge is the ultimate middle man.
They don't own or operate trains, planes and automobiles.
They don't change a single bedsheet in hotels.
They just take a cut.
What would you do?
Start a competing concierge business, or buy some
from here ????
time will tell
09-Jan-19 14:29:37 Sell* 634,696 @ 50.00p £317.35k
It smells like somebody felt the 28p was under valudued, went all-in. and just sold, because the show is over.
20p profit per share x 634,696 ~= £127k
Well done.
If the AGM on 5th February holds no surprises, he should have held on a bit longer.
Well, bird in hand.
Up it goes.
Year high over £1.60...Lets go :)
crawling upwards again
Looks like it.
after a little consolidation???
who knows
I dont
The trots have stopped. Going on a mazy run again.
ramping LOL
trots this one
That was wild, for 28th December.
No new contract, no profit warning.
It's a concierge company, for Pete's sake.
What was in that turkey?
MM’s are accumulating shares nicely here, with not many shares available they are taking it down like they did in the 30’s then off it will go again.
"Pump and dump coming up?"
has it started - or is it finishing ???
It looks like the shows over, and TENG is back to 60p.
It does feel like there are hardly any shares out there.
Pump and dump coming up?
That’s what I thought mo worries
consolidation of the price following a pretty big rise
roll on next week
Me 2
more up Tab me hopes
You’re as bad as me..still looking in even on Boxing Day hah
up up and away????????????????????
next few business days will be good
£1 - coming on
Agree after hours buy above offer always a good sign. Also the director that has bought on Friday heads up the employee loyalty (joined this year) must be happy with what she see's for the future..
From annual update -
Employee Market
Leader hired and in place in second half of the year Sales have begun and pipeline being built of potential Medium and Small contracts Peel Hunt research identifies this as a £1.1 billion addressable market.