Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I'm fairly certain the delivery drivers aren't aware who holds shares before they drop the book through your door.
Deedee. By the way, I agree. Yellow Pages does work provided you're a tradesman working in an area with an ageing population (eg Bournemouth). Unfortunately the ageing YP fans will be replaced with a generation who will use the net rather than the book. Will they use Yell.com? No. They'll use Google. Salespeople use Yell.com as a cheap database to flog their own products to Yell.com customers. As for the websites. Utter, utter garbage. Wordpress sites. No SEO. Built in India/Manilla and it shows. Broken English and generic photos....plus you pay way over the odds for hosting. Yes, they do Google AdWords. At massively inflated prices. Even with this hike, how much do you think they'd earn out of £100pm of Adwords? After they've paid the salesperson, admin costs and actually putting some of it into an ad campaign for the customer? Video...pfft. Show me one customer that made a sale from a video. And in keeping with their other 'offerings' its massively overpriced.
Deedee. Those with financial nous called it. Those who were former employees of Yell called it because they actually had an idea what was *really* happening. Hibus current predicament (The end of PI interest) is the beginning of the end, but not the end of the business. That's just around the corner. They are a dinosaur and they will not make it. The intelligent ones will get out now (actually, most are already out. But some cling on to the naive hope 'it'll get better' ) and they'll all be told by agencies that they have an endless supply of CV's already.
I mean now. Times gone by you could bawl out a policy and be heard. Now? No friggin chance. That's why I left.. And I left with an intact sales record before any non/never-were employees question me,
however somebody at yell should have cried foul at the abject lack of advertising regardin either the yell or the hibu brand during the last few years. if not for their own futures, or the integrity of the relationship between the shareholder and the employee _____________________ You think sales staff sat back and took it? When they were going out flogging white products? Do you not think they were desperate for the advertising telling people how they'd transformed? You clearly have never worked in a corp environment. And you've definitely never worked at yell. opinions? There's two choices at Hibu. 1) Agree with us 2) Get sacked. Eventually.
Total and utter nonsense. More like a sweetener for not getting a pay rise for the 5th year in a row. You seem to think there were thousands invested into hIbu. Outside of the sharesave scheme there were comparatively few employees with Hibu shares. You guys making assumptions about how much Hibu employees 'lost' in this know nothing.
All digital companies have less staff. The amount of logistics involved in selling, compiling, printing and distributing a book is immense thus staff numbers. They'll go down though. Of that I have no doubt.
I can say without a shadow of doubt the sales people work hard enough and are treated like dogs/schoolkids. It's not their fault Hibu is where it is and to tell them they have to work twice as hard is unfair. They have been hampered by a poor suite of digital products (nothing new to sell in years) and a dying book. The blame for Yell's demise lies firmly at the door of JC and that closing era. Why invest in digital products when you can go out and buy a Yellow Pages company in Spain?
I couldn't agree more.
You're going to get NOTHING. Isn't that clear from your replies on iii? Give up.
From a PI perspective this is all over. However, the company as a going concern is the other issue. I've said from day one the long term future does not look bright. With a new board in place I predict carnage. I'd recommend that sales staff look to get out, but from what I hear most are looking to do that anyway and have been for some time. One other observation - those looking to boycott Hibu in light of these events are merely giving advantage to those businesses that couldn't care less about what's happened. I really think your perception of a typical Hibu customer as being a 'captain of industry' with their finger on the pulse of the financial markets is incorrect. Having been in front of hundreds (thousands maybe) of customers over my time at Yell I can tell you that viewpoint is far from the truth. Sorry for your losses. It was inevitable IMO.
Yes, he would be on an old contract. He'll be the last of a dying breed. New employees benefits aren't as good. The basic is also lower.
No, I'm not him. I just borrowed his SHAG'd joke.
You must be. I maintain this business has no future. I made my money at the initial flotation and the subsequent 5 years.
...because PI's are always the last to know. Those giving themselves a big hug in the SHAG'd forum will no doubt disagree and find a positive spin. This business has no long term future. I maintain my stance. The digital credentials are laughable. Google Adwords at a massive markup? Crappy Wordpress websites made in Malaysia? What other products do they have? ....anyone?....no?....from a business that's apparently transformed itself? It hasn't and transforming itself is waaaaay too late. Bye bye Hibu...
From what I'm hearing, the last paragraph is probably the most laughable. Here is the full text for those that don't subscribe: Yellow Pages owner to fold under debt Simon Duke The owner of Yellow Pages is set to hand control of the company to its creditors this week after buckling under the weight of a £2.3bn debt pile. A clutch of Wall Street hedge funds and banks will seize the loss-making publisher after striking a complex deal that will slash its borrowings to less than £1bn. The debt-for-equity deal will wipe out shareholders in the company, called Hibu, which was a stalwart of the FTSE 100 until the financial crisis erupted in 2008. The phone books giant, which changed its name from Yell last year, was once worth more than £5bn but is now valued at just £6.7m. Hibu, which has 13,000 staff, is paying the price for a disastrous acquisitions spree by its former chief executive during the credit boom of the mid-2000s. John Condran borrowed heavily to fund an expensive overseas takeover spree, which took Yell into the US, Latin America and Spain. Ferocious competition from internet rivals such as Google has slashed profits, leaving Hibu at the mercy of creditors. A series of financial overhauls has reduced the company's debts from more than £3bn but its earnings are too small to sustain an interest bill of more than £150m a year. The board, led by Bob Wigley, a former investment banker, is aiming to unveil the deal on Thursday, when the annual results are due to be released. However, sources said talks could slip into next week as the company must secure an agreement with its 300 creditors, which range from hedge funds to banks and pension and insurance groups. Hibu's biggest creditors include Soros Fund Management. Deutsche Bank and Blackstone, the American private equity giant, also own large chunks of the loans. It is thought that the creditors will reduce the debt pile by about £1.5bn to £800m - a level the company would be able to service provided cash flow does not tumble further. Hibu is attempting to reinvent itself with a raft of online services for smaller business.
At no stage have I ever said this business has a long term future. Ever. So I think your comments are rather pointless and dont require an answer as i have made my position on the company clear. It's why I no longer work for them. However, to purposely wish that thousands of people lose their job because of your personal losses is somewhat distasteful IMO.
That is the most ridiculous post I've read on here. That includes Yell20's one's. There are a lot of good, honest, hard working people at Yell/Hibu. They don't deserve to lose their jobs.
So are you saying you would only employ someone if they didn't advertise with Hibu? Mad... I really think your overestimating just how much the average person cares. If they do, you'll be right and so I'll be right - because I've said all along this company won't last.
I'm with HomelandBoy. The average Hibu customer in my experience is not in the slightest bit interested in the SP of Hibu. I can count on one hand the amount of times the issue of the SP came up with a client and that's from flotation all the way through to recent times. To suggest your average plumber/brickie/spark cares in the slightest about recent goings on is rather naive. They care about one thing - do I make money from what I lay out? If the answer is no, they stop becoming customers. I'll give you an example - I know there was a sports store that had issues in recent times which upset shareholders. I genuinely don't recall who it was. Even if I did, I wouldn't care. So investors will make no difference to the overall opinion of a Hibu customer. If I were an advertiser and I'd heard that my competitors were dropping out on moral grounds, I'd be rather happy. Less competition. Return on investment is all that counts - surely as investors you get that? Although I'd have to argue whether dropping out of Hibu would lose you enquiries anyway....but that's another issue.