RE: Price perking up - nice to see9 Mar 2023 14:32
Bought some at 63p on the way down.
Would be double at £1.26.
Capital Gains allowance going down, so will sell before April 2023.
HSBC is dis-continuing the Jade program, but it is not clear whether the TEN concierge perk carries on. Depending on assets invested with HSBC, you are either a Private Bank, or Premier customer. I expect Private Bank customers will keep the concierge service, and Premier customers not.
I worked for a company, let's say X, the catering company we used to provide the staff canteen was company Y. Guess what, our CEO, of X, was also a director of Y.
Booking business travel is a gravy train.
I have seen companies having policies that insist you book through appointed agents.
They say this way they get bulk discount, but if you bought a ticket from the airline yourself,
it's way cheaper. When you dig a little, you find the director that forced the policy is also connected to the travel company.
What we want, is for these new TEN directors to be on the board of BP, etc. ,
and make all travel bookings go through TEN. A business class ticket for £2,000 normally,
would be quoted as £3,000 full price, but you get a corporate discount so it's only £2,400.
What a bargain. You get 100kg of luggage allowance, and caviar, if anybody asks awkward questions.
The flaw in the gravy train business model is, business travel is tax deductible,
whereas a concierge service user is spending his own money, with no tax deduction.
So why would they pay extra to book through TEN, if they can get the ticket cheaper by booking direct?
If TEN can handle cancellations and refunds, that's worth something, but I doubt they want to touch it with a barge pole.