RE: Undervalued?26 Nov 2020 10:53
Sorry ICL - my post was reported....... and removed :D :O
I'm both a member of Ten and shareholder (through positive use of the service) - not under HSBC Jade but knowing the bad press around Quintessentially recently I probably wouldn't want to use a service associated with them.... RYANAIR?
I like to watch every announcement and it appears that these guys are lapping up and retaining contracts, not because they are cheap but because they are proving their value. The way they explained they pivoted through COVID on RNS/online videos speaks for itself.
I think the point here is - yes you can do all those things, on all those websites - but as a user - where can I do all of those things in one place, targeted at me?
They are very clear on their SR strategy - its only generally around 10% of their revenues, and ofcourse lower this year as people aren't travelling which they call out (I am assuming a lot of this commission is hotels/airlines than other). Watch the CEO's videos/other videos - they do not seek out a commission based model they drive value through a subscription model with the banks (i.e pay by request or account?) so I believe they get paid for doing "something" for the member. They engage with suppliers, build deep rooted relationships and help bring business from wealthy individuals - not try and take money from suppliers :/
coincedentally - they just released a video which sums their business model to a tee - labelled "Tens growth Engine"... I suggest you watch it - https://www.tenlifestylegroup.com/investors/
Thoughts?
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