Member Info for buller

This report came out today with the head line: Hard to fault, and to be honest there is very little one can say negative about the reults and the performance about the company.I am amazed that no more peopel jump on this train. It i shard to find anything safe these days but if you want growth in profits, good consistent management, good improving dividends and a very strong chance of a substantially higher SP in 12 months time, I find it difficult to pick a better stock. To quote just one sentence from Edison: "The company is in fine shape to face threatened headwinds and proved the resilience of corporate travel service earnings in the recession, thanks to its predominantly managed income and strict cost control. Its rating remains undeservedly well below both market and sector." For the full report click here http://www.edisoninvestmentresearch.co.uk/researchreports/Hogg011211flash.pdf

The results are even better than hoped for on all levels. Revenue, profit, EPS, dividends up, debt well down and forecast to conitnue on the same trend. I ahve been a fan of this company for a long time but they continue to impress and do the right things. The share price despite it's imprssive growth over the last 3 years is well below ots true valuation so I expect a steady rise. I dont want to guess where it will be but I know it ought to be closer to 100 than 50 and even if that takes a little time no problme for me. Congratulations to all the patient HRG fans, it is paying off! http://www.travelweekly.co.uk/Articles/2011/11/30/38937/hrg+reports+22+half-year+profit+uplift.html

This is getting on more and more peoples radar, interesting report valuing HMB at over double where we stand today http://www.edisoninvestmentresearch.co.uk/researchreports/Hambledon291111outlook.pdf

Very interesting. First of all it sasy taht 546 000 shares equates to 0.06 % . It is considerbaly more, about 2/10th of a percent. But more importantly BCDE has not moved for a very long time and if anyone thought they were about to dispose of their holding here they have certainly made their intention very clear. They are not letting either DNATA or a possible attempt by HRG to take the compan back into private hands happen for a cheap price. I fwe cna get any sort of a bidding war going here we will see over 100 in share price and at this stage that is what I am waiting for. The company launched at 90 and teh reults are now better than it was at that time, so no reason just on fundamentals that we hsould see a substantial increase over the coming months. We have seen about 10 % over the last few days, let us see what result day on Wednesday will tell us. I am expecting reults to be at least up to expectation and I could imagine the forecast being raised with the awarding of the new government contracts

and we are back at 55 today, lots of activities, results on Wednesday, should look very good and of coures HRG is one of the best dividends around, so maybe that is attracting some news

sorry for not having responded previously. One of my otehr shares have taken a lot of my attention with some real idiots runing the forum by killing off any debate and by overpromising attracting the otally worng tyoe of investor for long term investors. Anyway as you rightly say nothing much has happened here, would have loved to see a move back up to where the fundamentals say it should be, but it seems like swimming upstream with everything happening inthe world and in the markets. To be honest withthe amounts the markets are down the last week it is actually positive to see that HRG is holding very steady. Evene better to see that the markets didn't put HRG in the same boat as Thomas Cook. We of course know they have nothing to do with each otehr but the City has been known for judging travel companies as teh same. I a normal market the news about the government contracts would hvae given the SP a fair push upwards, but this is not a normal market, It is in fact great news and they beat off all theother big players inclduing Amex, CWT and BCD. The only otehr recipient of government contracts was a little known company called Redfern who focus mainly on online business. This news will increase business substantially as well as doing no harm in terms of PR value. Of course one of the reasons why the price so steady is due to results being announced next week. There has been no recent update so nothing leads me to believe that the results wont be very good at least compared to last year. The only slight worry is the pension fund which with the weakness in the market proabbly doesnt look tooo good, but HRG did all the right things during the crisis and have theri expense base at a great level and holding on to their customers. In terms of valuation in the travel trade you shoul dexpect something like 6 times profit as your capital value so HRG has still got plenty of room before teh SP reflects their true value. The last assesment made by a marekt expert was a valuation of 100 which would be brilliant. Finally let me remind every body that at some stage teh ownership issue has to be solved. 2 companies own over 20% of HRG, on a friend (DNATA) and 1 an enemy or at least a competitior or possible hostile takeover subject (BCD). I f any of them decide to go up teh 29% that a bid require or if HRG decide to take the company back on private hands our shares could soar. Nothing in the market place on this at the moment but you never know when it could happen.

Finally we are seeing a move. HRG has been stuck despite the recovery in the market. Seeing a good jump today, starting to the climb back to 65-70 where we were a few months ago and since we have had no bad news we expect results announced in Novmber to be good.

By the way 2 months ago the CEO of the company bought more shares at 49 p, doesnt look like he is ecpecting any bad news!

the 6-months accounts are due sometimein NOvember but the 3 month statement told revenue up 9% (a lot in this business) after a very good previous year with everything in line with expectations. Expectations are for increased profits with costs under control and I don't see any reason for that to have changed. It was after that statement that a broker predicted sp of 100 so if we get what we should be getting I am pretty certain we will be much closer to 70 than to 40, but only time will show

Cant see any real reason for the recent drop besides of course the general weakness in the market and the very rapid rise we ahve seen the last few years, so this might have been an adjustment. The weakness of business overall has refelcted in some softening of premium class flying but I have not heard of any travel bans or severe cutbacks as we saw a few years ago and as HRG's income is transaction based the class of travel matters far less than it used to for them. I can't say if it has any further to go, it did dip to about 44 for a very short time a few months ago but that was quickly snapped up and in my opinion this is another good buying opportunity. It might laos be an opportunity for one of the interested parties to launch a takeover attempt or battle, could be tempting and easier at this level instead of waiting till it is back in the 60's which it surely will be in the forseeable future. NO RNS from HRG which to me indicates that we are on track for another improved profit and dividend and if so we are clearly undervalued at this level. With one broker predictingthis at 100 we are back in the region where a doubling of value is possible. GL

me too,as you can see I topped up at 45. My holding in this share is large enough to counteract all the minuese in the rest of the portfolio. Is not some thing I would reccoemnd, I normally would say no more than 10% in one share but woth an average of 11 and refusing to see any of my shares here it has just developed like that. I am still looking at 80 before I will even consider sellling any of them. GL

Everything else extremely red, you are right. Interesting that the volume on HRG was very high (For that share) . There was a lot of buying going on and soembody is definitely trying to build a bigger stake, Are we about to see an end game in the ownership saga?

Back into the 60's, 40% up in 5 days after an uqually carzy drop. Hope a lot of you got in at the lower levels as reccomended

and we are back to 57, about 30% up from the low yesterday where i was lucky enough to top up. This share should be in 60's or maybe 70's by now and the reaction from the marekt was totally out of reason, the same way it was carzy the way this share fell during the recession. It has provided me with nice nest egg, but I will never udnerstand why the marekts react like this . There are lots of buying opportunites out there now and looks like people are beginning to pick them up. HRG certainly is a very solid company and the way their business runs should mean that no news should affect the company in a way that justifies 1/3 drop in days. Hope you all got in, still room for a good rise

Jump aboard, on the way back (but no guarantees), my trade from this morning already showing healthy profit

I know the markets arein turmoil but the losses we ahve seen on HRG are not only much larger than the market fall but also without any reality to any fundamentals. At thislevel this is the best buying opportunity Ithink we will ever get on this share. It might take 3-6 months to get up to the 60's agian but with analyst tipping the share at 100 the vlaue could double up and I honestly didnt think that would be possible agian with HRG. Obviously the loss hurts although with an average of 10 I still have to look at the bigger picture andI can't predict the bottom but I think 45 is a great level to get in here. I have already done my topping up this morning

I guess you didnt see the news or the SP today, very good results, over 7% increaseon SP and dividends reinstated. We have already started the way up and this is a trulely global company that is doing very well indeed and is one of the more solid and steady shares in my portfolio

If anyone is interested in this cmpany and the business this research document just released is a very good description. Interesting that there is no other compnay of it's sort on the exchange but the PE of 8 is well below the service sector average of 13, so still plenty of scope for growth: http://www.edisoninvestmentresearch.co.uk/researchreports/HRG270711Review.pdf

The statement issued the other day was only good news. Good growth in sales and revenue and everything on track . Considering the problems in Japan and the middle east which has stifled travel to these areas it could have been even better. The news basically is catching up to the growth in the SP we have seen this year. I do think HRG has reached a reasonable level and is taking a breather at this level before the next move upwards. One broker has target price of 100 but I think it might be 12-18 months before we can reach that level. This is no more a share for doubling or tripling but it will have a good increases and great dividends and there is always an above average chance of a takeover or MBO which will give an instant boost to the price. The chance of a downturn is very minimal.

The fact is that all the profits come from one hole in the ground and some currency and finacial one-off transactions. They surely do have cash but nothing to spend it on for now and the prospects of future developments are a long way away. I think the company is safe and this is probably a good price but Iam not sure we will see big gains for at least 12-18 months