HRG Hogg Robinson (HRG)

Good morning and welcome to the new HRG Hogg Robinson Thread.

HRG made it to market yesterday with a launch price of 90p.
Open trading will be from Thursday 12th October at 08:00

Price currently 97p

Some reckon (based on earnings) the issue price is 30% below its sector. So potentially 120p. from here.

HRG business is very established, therefore growth will come mainly from acquisitions and development of new opportunities. (Extending existing relationships and selling clients additional services)

The IPO is thought to be 2 or 3 times over subscribed, so its possible that the value will rise in the short term and then establish a trading range. Who knows?. The original IPO was in a range with an average 180p so it will be interesting to see what happens.

So long as there are no fireworks at opening on Thursday, I'm going in for a few. Shouldn't be too much downside. Can't see any horror stories and ...nothing that (should ) take it back down below 90p. BUT remember this IS the travel sector and unforseen events can cause chaos. DYOR. Good luck, but worth a go I reckon.