Member Info for johnjohn

I understand we are due results this month, but they have yet to confirm a date. The 4th quarter tends to be their busiest. GL

Albania Posted on: 10 Nov 2010 at 10:32 AM HRG appoints new partner in Albania Hogg Robinson Group (HRG), the world class corporate travel services company, has announced the appointment of Arjon Travel & Tours as its new partner in Albania. The corporate travel entity will trade as HRG Albania. Arjon Travel & Tours is one of the leading agencies in Albania, with an extensive and prestigious client list servicing both local and multi-national clients alike. Keith Burgess, Company Secretary and General Counsel, at HRG comments: “We are delighted to welcome Arjon Travel & Tours to the HRG worldwide network. Their long standing expertise, together with excellent supplier relations and client testimonials made our decision to work with the agency an easy one to make.” Mimoza Xega, Managing Director, Arjon Travel & Tours adds: “We are excited to be working with HRG. Our local knowledge and expertise will no doubt bring significant value to HRG’s clients. We look forward to ensuring that they receive the best possible service in Albania. “

Airways back into profit Jonathan Prynn, Consumer Business Editor Jonathan Prynn, Consumer Business Editor 29.10.10 An unexpectedly strong surge in the sales of business and first class tickets helped push the carrier to a £158 million profit in the first half of the year. It comes after two years in the red when losses totalled almost £1 billion and chief executive Willie Walsh warned that the airline might not survive. http://www.thisislondon.co.uk/standard-business/article-23892597-british-airways-returns-to-profit-as-it-prepares-for-iberia-merger.do This change should bode well for this stock. GLA

I certainly wouldn't complain...

Welcome change but I'm sure you'll agree - volumes need to rise...

says buy at 28p (now 27.75p) . Current valuation reflects neither resilience nor return to growth.

high (City A.M) Tuesday, 27th July 2010 TRAVEL STEVE DINNEEN Travel services firm Hogg Robinson reported brisk trading in its interim management statement yesterday. It said sales were up six per cent on 2009 levels for its first three months of the financial year. Improving market conditions, aided by the calming of the Icelandic volcano, helped the results. It added it has lowered its operating costs to produce a “strong result” for the quarter. The average client’s travel spend spiked 19 per cent and it expects further gains from new corporate clients including Ernst & Young, Novartis, SGS and Volkswagen. It now expects its full-year results to be in line with expectations as the majority of its revenue is gained in the second half.

HOGG ROBINSON GROUP PLC (`HRG' or `the Company') 2010 ANNUAL GENERAL MEETING Hogg Robinson Group plc, the international corporate travel services company, today held its Annual General Meeting at The Barcelo Basingstoke Country House Hotel. All of the Resolutions put to the meeting were approved unanimously on a show of hands. The following is a summary of the votes cast including proxy votes received by the Registrars: Votes For Votes Against Votes Withheld TOTAL VOTE No. of votes % No. of votes % No. of votes % 1. To adopt the Annual Report and approve the Final Dividend 188,795,887 96.38% 3,450 0.00% 7,089,420 3.62% 195,888,757 2. To re-elect David Radcliffe as a Director 188,595,279 96.28% 3,265,215 1.67% 4,028,263 2.06% 195,888,757 3. To re-elect John Coombe as a Director 191,539,988 97.78% 320,506 0.16% 4,028,263 2.06% 195,888,757 4. To re-appoint the Auditors 191,854,877 97.94% 6,450 0.00% 4,027,430 2.06% 195,888,757 5. To renew the Directors' authority to allot shares 191,847,203 97.94% 833 0.00% 4,040,721 2.06% 195,888,757 6. To renew the disapplication of pre-emption rights 191,839,178 97.93% 20,649 0.01% 4,028,930 2.06% 195,888,757 7. To renew the Company's authority to purchase its own shares 191,844,894 97.94% 15,600 0.01% 4,028,263 2.06% 195,888,757 8. To renew the authority to call General Meetings on 14 days notice 191,259,147 97.64% 599,847 0.31% 4,029,763 2.06% 195,888,757 9. To approve the Directors' Remuneration Report 182,281,483 93.05% 9,264,990 4.73% 4,342,284 2.22% 195,888,757 * Ends -

The majority of HRG’s revenue comes from client fees rather than from supplier commissions. So, whilst upgrades in class of travel and standards of accommodation are positive indicators of the overall improving health of the corporate travel market, they do not necessarily lead to a direct increase in the Group’s revenue. HRG’s client retention rate remains high and it is from this loyal client base that the Group will increasingly benefit as our existing clients’ staff travel more frequently. In addition, we expect to see the benefit from last year’s client wins coming through as they begin to trade with HRG. These include additional business from Ericsson and the wins of Ernst & Young, Novartis, SGS and Volkswagen AG. In terms of new business, since the start of the current financial year, we are delighted to have welcomed several new clients and to have extended our existing relationships with others. These include Agilent, HCL AXON, Institute of International Education and Syngenta. Successful contract renewals include ABB, National Australia Bank, Takeda and Willis. Our new business pipeline remains healthy and offers significant opportunities for HRG to grow its business around the world. Financial position The Group has committed funding in place at attractive rates until September 2011. Based on our current forecasts, the Board believes that these facilities provide sufficient headroom. Preparation is already underway for the renegotiation of these facilities, which is likely to result in an increase in the cost of funds. Outlook The financial year has started well. Despite the limited visibility that is inherent for corporate travel management, at this early point in our financial year our confidence is increasing. We expect travel activity amongst our existing clients to continue to increase in line with macroeconomic conditions. We will see additional benefit from new clients that have yet to trade with HRG and will maintain tight control over our cost base without damaging our reputation for superior client service and value. The majority of the Group’s earnings have traditionally come in the second half of the financial year. The Board believes HRG will continue to progress and deliver a full-year performance in line with its expectations. - Ends -

26 July 2010 Hogg Robinson Group plc (‘HRG’, ‘the Company’ or ‘the Group’) INTERIM MANAGEMENT STATEMENT Ahead of today's Annual General Meeting, Hogg Robinson Group plc, the international corporate travel services company, announces its first Interim Management Statement for the year ending 31 March 2011, covering the period from 1 April to 26 July 2010. Market conditions Market conditions have generally continued to improve during the period since our last update to the market on 26 May 2010, which was based on trading to end April 2010. The International Air Transport Association (IATA) reported strong growth in air travel in May having been depressed in April by the impact of airspace closures associated with the Icelandic ash cloud plume, and has confirmed that during the first five months of 2010 air travel, measured as revenue passenger kilometres (RPK), rose 7.2% year-on-year, above the 6-7% average run-rate achieved during the last two decades. The most recent data for hotel occupancy issued by STR Global shows continued monthly revenue per available room (RevPAR) year-on-year growth albeit the improving trends were most marked in Asia Pacific. Group performance HRG has performed very well during the first three months of the financial year with client revenue 6% ahead of last year at constant currency. When coupled with lower operating costs, this has produced a strong result for the quarter. We continue to manage our cost base carefully and will benefit from increased operational gearing as activity increases. Client activity While we have seen some early evidence from selected clients of a return to premium travel, the majority continue to seek help from us in tightly controlling their travel costs. However, compared to last year, client travel spend in the first quarter was up by 19% at constant currency. Contin...

Outlook The financial year has started well. Despite the limited visibility that is inherent for corporate travel management, at this early point in our financial year our confidence is increasing. We expect travel activity amongst our existing clients to continue to increase in line with macroeconomic conditions. We will see additional benefit from new clients that have yet to trade with HRG and will maintain tight control over our cost base without damaging our reputation for superior client service and value. The majority of the Group’s earnings have traditionally come in the second half of the financial year. The Board believes HRG will continue to progress and deliver a full-year performance in line with its expectations. - Ends - http://investors.hoggrobinsongroup.com/hrg/en/investor-relations/presentation

Annual Report http://investors.hoggrobinsongroup.com/hrg/en/investor-relations/reports

21 Jun 2010 Annual Report and Financial Statements 2010 (2765KB PDF)

Hogg Robinson shares have not had a good recession. Trading at more than 60p in September 2008, they plunged to 5p in January 2009 and have been hovering near today's 30p for most of this year. At this price, they are cheap. Hogg has worked hard to streamline its business. It offers a range of attractive services to companies and profits should improve considerably once the economy picks up. Buy

Hogg's global links provide a smooth ride There was a time in the Sixties and Seventies when air travel was faintly glamorous. People dressed up to go abroad and the flight was part of the overall excitement. http://www.thisismoney.co.uk/investing/share-tips-and-fund-tips/article.html?in_article_id=506112&in_page_id=23

Thanks for clarifying things, cheers mate.

I fail to understand how the sale of 14 shares could bring this stock down by 1.5 points - nearly 5%...

no prob! cheers mate... (best of luck with your new home:-) ) doing o.k considering the choppy waters...

I was advised by HRG that the Div will be paid on the 2nd August

As others have mentioned, it's always good to hear from you, and also thanks for the FT's +ive summing up.