Member Info for Jerry76

Very well said. Operationally HRG are an embarrassment, this is where they are falling down this is not just happening on the Canadian Government Contract it is happening on others. Clients are threatening to leave if service is not improved, HRG improve the service but at the detriment of another client it is a vicious circle they are going around in.

A number of you have mentioned the recent share price drop and asked why it has happened. Like many things in life, the answer isn't simply one issue. However, a major factor is that we disappointed our investors a few weeks ago by telling them that our profits may be less this year than we originally told them they should expect. In addition and as mentioned earlier, the geo political situations across the world are having a depressing affect on many industries, with many investors moving to stocks they consider 'safe havens'. As a result, we have seen less interest in investors buying our shares at the moment, with the result that our share price has fallen. Once the investment community sees we have restored our profits, and continued with the necessary changes to the way we do business, we hope and anticipate the share price will respond positively. In closing, and as I said at the beginning, we remain a successful Company. We are in good overall shape. However, those companies that stand still, move backwards. To move forwards we need to and are making changes which will both protect the Company and position us well for the future.

This morning thought DR would have said something to investors as he did to the staff on Friday.

I have an internal statement from the company but maybe DR could share that with the market and investors.

I think it is now time for the company or DR to speak. close to a 50% drop now and it has no signs of stopping.

At 49.25 for the last couple of days have we reached the bottom. Onwards and Upwards fingers crossed.

£25K is pocket change to him considering what shares he sold at 70p plus last year. If he did have confidence in the company he would have reinvested a lot more of that cash.

A statement would be wise especially if they could advise what steps are being taken. David Radcliff is a sound business man, experienced within the industry I cannot believe he does not have a firm grip on this situation. Also I understand a staff share save scheme is coming to an end this month or maybe October would that have a bearing on the SP ????

I know in the results they advised of losing some clients, one being a major bank so that had to hurt the company. But they was confident that the new business coming in would make up the shortfall, after the last RNS it obv has not and they over budgeted on the Government of Canada. They advised on cutting operational costs and then announced a new office. I hope they are working on the operational costs now as we chat. It is very strange maybe the market has no confidence in the company but I would hope the company would be saying something that gave us confidence in them.

Low again today. Something is drastically wrong here. Yes the share has been in single figures before but we knew the reasons behind that. for the SP to be down by 50% on one profit warning does not sound right to me. I think the company should be coming out making a statement on the situation.

52 week low today sad times, is this the bottom for HRG ??????? Personally I think this will go lower still something is driving this down and I think its more than the news from a couple of weeks ago.

I understand about the long term investors, but there must be a point when those people become worried. So if this share went down to single figures are you telling me that long term investors will be happy. Business is not obviously doing well judging from the last statement when other companies within the market place are as per the 2 bits of information posted. Lets hope they are back on track when the November statement comes out because if not I think this will be below 40p.

Hrg one of the days top fallers. What is going on within the company. Down now around 30% in the last couple of weeks. Hrg said needs to rearrange operations make some cuts but how did it get into this mess because it is not industry wide, if found these two recent news articles. http://buyingbusinesstravel.com/news/0423052-diversity-travel-enjoys-revenue-jump http://buyingbusinesstravel.com/news/2823016-cwt-reports-sales-and-transactions-rise

Of sells today, I think we are in trouble here. July has been very slow for hrg business wise and they expect Aug to be the same. We/they are really hoping for a very strong September to see if those losses can be made up. Hopeful that the cost cuttings are full steam ahead. If not and a poor September this could be back in the 40s.

Just saw the RNS and it is a blow a big blow. Over spent on the government of Canada looks like someone has made a major error on that. But what gets me is the part of the RNS which states " We continue to see cost saving opportunities in the business and are accelerating our plans to reduce operating costs to match our revised expectations of client activity and business mix". It yesterday announced a new office in Norfolk that is not reducing operating costs. I think a lot of mix messages coming from business and I do hope now someone does launch a takeover bid now.

A 10% drop in the SP today ????? Does anyone have any news, with all these buy recommendations and the SP undervalued why the drop.

If this is good news or not. http://www.hrgworldwide.com/Media/Press-Releases/Pages/HRG-Expands-Office-Network-in-the-UK.aspx. Not sure why they have spent money expanding a network which is not full. We know they closed 2 offices in 2013, surely they did not need a new office with rents/overheads they could have just kept what they had in 2013.

Hogg Robinson Group (HRG), the award-winning international corporate services company, has been awarded a global travel contract for Subsea 7, one of the world’s leading global contractors in seabed-to-surface engineering, construction and services to the offshore industry. The award covers 14 markets across Europe, North America, South America, Asia Pacific and the Middle East and Africa for an initial period of five years.

In a row this has finished down despite it being at the 77p mark for most of the day. This is going to take off soon back into the 80s they cannot keep it down for to long

Hopefully this can get back into the high 80s soon. I don't think the magic £1 is to far away