just checked out FACEBOOK - which, lets face it is a very successful business... or atleast brand! and business buiding. total number of employees - full time and part time combined - total.... 4900....! Hibu... has not far from 300% more! no wonder the bottom line aint quite there!!! People costs are the biggest. Doesnt take a genius hey.
today.. rubbing its hands together with glee.... i would be if i made websites and sold google adwords lol
ah - I see. - altho one good story with some juice and they may bite. Ah in which case - perhaps just Mike... sorry didnt read it with that slant - clever reporting again.
is it just me - or is 13,000 employee base MASSIVE for that this company is turning on output? no above the line marketing - very little evidence below the line DM either. Costly field sales and all. 13,000..... erm?? no wonder the numbers aint stacking up. should be a low touch simple biz model. 13,000 is bigger than a couple of average market town populations combined!!! should be halved. make the remainders word twice as hard - or replace; stop awarding big bonuses - stinks really the more one thinks Leave it to Soros - if I am spotting that fundamental flaw then.... and still with 13,000 ... still cannot issue a suspension RNS correctly with no typo. failing that - ''invest'' in yourself - your own business.... where you have full control of all metrics and full sight, and run it as a business, not a charity. just an idea!!!!!! infact charities are of course more like a business now than hibu!!!
... the ships continues to sink... but the band play on.... but ironically the captain has now left the ship!!!!!! the team are bailing the water out as fast as possible - and just been helped by being given a much bigger bucket (wiping more debt burden) however... I feel the iceberg has just become a little bigger than they expected and waters more choppy. This too will go down in the history books !
sorry guys we as a BOD failed you - turning this ship around in this economic climate was just tooo much! or some honesty - not corporate spin - as it really does not stack up. So much so - those too close cannot see the wood for the trees and those outside have seen it all... All imho.
well - one would certainly think that the I.R Team would not be required now....?! Maybe not been there for some time... hence no answers on phone apart from Andrew - who did let it slip this was going to be the case to a few. and that was also shared here. It is perhaps ironic that when one types in Hibu - on the iphone it comes up with hindu. More offshoring without a doubt. This could very easily collapse with the role social media plays, and the fact this organisation offers nothing more than selling stuff at inflated prices which can be sought elsewhere with more usage too.! It is relying on sheer lazyness and lack of reading and writing skills and techno know how of the old plumbers and electricians. Good luck. and sorry you got suckered back in again on the words. But rest assured the BOD are all sailing into the sunset...! (aka leaving)
why not do it then? you have written some points and also have the contact details of the media..?! Also add the line 10% payrises... for complaints re loss of 12k in option price (altho the employee gambled it by not taking the face value) - but is that correct all things considered I would ask! Good luck with your endeavours.
are you Wiggles? ;) feel sorry for many as the model showed cash generation and profit - increasing now from some aspects - and other similar examples all paid shareholders a small amount. however i think they got overriding control here with how low they got the SP and the % they managed to get. enough for them to legally do this. Ethically is a diff matter -but in this world - ethics is counting for nothing. I do suggest they task some manager to remove all references to stakeholders and shareholders forthwith ! least they finished on a high - summing it all up - issuing a suspension RNS with an error in it!
your are slighly out of kilter on the BOD expecting to keep their jobs - agreement as part of this hand over of control is.... that they also leave. Remuneration of course not mentioned! but ..... just to say - it is there in one of many RNSs this morning - that they are leaving. So are they smiling or dismayed and sad/angry - up to you to decide.
The astute abilities of the organisation in question couldn't even proof read their suspension RNS - having an error in there. Fingers quivering too much with worry or too drunk from all the champagne. Make up your own minds. The phrase let the two fingers do the walking has just become here's two fingers and they are doing the talking.
Were stopped in trying to take the business over ....... In the interests of shareholder ....?! Nope. Try again. Shame the US team didn't manage it for everyone's sake IMHO from how one sees it.
Sorry to see this this morning. Wildrides no idea if you still here but that alsofor you too after you argued a great case. End of day I suppose all the signs were there. Somewhat misleading comments from the company on many issues until more recently kept warning little or no value and all. Anyway. Good luck to everyone - as for hibu. I note the current BOD all leaving too - part of the agreement I expect - prob paid off handsomely?! But I see the numbers all on accelerating double digit decline. Personally with those ethics we've observed here I couldn't walk around proud and head held high working there - but most don't give a damn I'm sure just happy to get a pay chek each month But I believe what goes around comes around. Soros and co will start major cuts next on min statutory more than likely. What a big mess this one has become No thanks at all for the 660M bail out 42p RI. Up the creek without a paddle we were all taken. Best wishes to everyone and any action group. This should make some press today / weekend. And will I support hibu and its business ? Like Hell. I expect this decision will be detrimental to their customer churn now. Best wishes.
no one said it was going to be wound up.... ! just ensure you understand the statement 'ord shareholders stand to get little value or nothing' - one of the other. if holding then you must understand this and be ready for whatever tomorrow brings - ie very little (current) or indeed - nothing. Providing you fully understand that - no one can start moaning. ! Good luck to everyone.
but remember he also hedged it 100% by acquiring Debt in the company. So...... he will lose nothing at all. He hedged it! Good luck for tomorrow - 24 mins to decide...
why didnt the debt buy back programme continue? that was a very effecting lever to be pulling and expediting to slash the payments. Was this blocked? didn't hear if so. Corporate cost cutting was going well and more identified at last juncture - what happened on this? Revenues were down - but profits were up - so again showing the fat to cut away. Print local mags and all new products and interviews saying a very healthy biz and on track to return to growth in 2014 - ALL BULL POINTS and what I last heard. ------------------------------------------------------------------------ So what went wrong? why the chance of track all of a sudden and sudden silence on news and all comms.? More I think its not cos the company could not afford its debt... as the programme of debt buy back going well... and a further purchase was planned. So... so.... so.... something does not stack up at all. Its obvious if one steps back. Either print is crashing harder than anyone thought possible - and the local mags aint filling the revenue gap. Or....... Digital aint cutting the mustard. Or.... all is healthy and so healthy Soros and Co want it. On the cheap. Shame so much has to be conjecture - but only natural as there is a full embargo going on with the HQ. Cost cut on the Investor Relations team next! (if not already happenend - anyone called em?) A great business case this is - the fall of a giant... mis-management... the economy... or.....(complete in 15 words or less) A real shame to see the PLC go from PLC to private. Up to you to decide.
but of course its an old contract - as 20 years service...!!! but.... this was not in the contract - it is discretionary ! as I say - if this is ongoing - then.... well... you can coem to your own conclusions. Either the company is in a good state - and it can afford it - so fair play... and all is fine. therefore why is is about to vanish off the PLC ...! Or it is acting not in the interests of shareholders and stakeholders - and rewarding themselves and patting themselves on their own back.... when in a very unfit shape - and understandable why about to vanish....! cant have it both ways is what i think I am saying to myself. My god I think I could shake it up and solve the issue more effectively with my eyes shut - have the BOD really no other choice than take this private? Who is working for who i think the question is. Enjoy it. Sun is a shining.
Playing devils advocate - one could argue that it helps staff motivation and retention too - but for a publically listed company all seems v covert and not playing a fair game. So on one hand if they can afford this approach - then the books are not as bad as we think - or it wouldn't be possible. That's just common sense. And on the other hand if that's the case - there is no just grounds to do a complete wipe out. Unless being public isn't what the otherwise private operating company doesn't want due to all these issues. So if so brand rep and pr is high on the agenda too - so again if so I don't see a complete wipe out. Penny for your efforts lads? So this will go to the wire. CEO to retire after this? he likes a challenge for sure. Have to smile that what one types hibu into the search the phone predicts it as Hindu. ! Enjoy your day.
Just through on alerts. Half of me cannot imagine a total wipe out due to goodwill / pr and brand rep issues. As the way social media is now the business needs all the goodwill and help it can get and that can erode even faster (nb still await results to ascertain the incumbent) Anyway was speaking to a mate there coming up to 20 years service .... Amazing still gets an extra two weeks holiday and additional £1000/2000 bonus. Now some may say that in this climate and the fragile state - an employee should be grateful to have had a job for a long - let alone be rewarded even more for staying.... But hey - seems like this company really is unique !! Would we be suprised to see further acquisitions of global directories companies next ?! I see it as bad use of funds personally all this reward for failure - but we see it more and more nowadays. Anyway .... Just thru on alerts : Oh. And enjoy the thunder. Oh and great news re the little royal baby. http://www.telegraph.co.uk/finance/newsbysector/supportservices/10196217/Hibu-investors-may-sue-board-over-debt-deal.html
and hope some resolutions comes for any / all holders. Looking 4wrd to seeing the results either way.