Hansard Global Share Discussion Threads

[stemis] 09/11/2011 12:09

Maybe its an indication that better times are returning. It's inconceivable that Polonsky, Chairman and 40% shareholder, would allow other directors to rape the company in the way that is being implied on TMF.

There are plenty of small companies where management, with little in the way of shareholdings, are lining their pockets at the expense of shareholders. Hansard isn't one of them.

[centipede] 09/11/2011 11:29

Two posts which sum things up for me:





I feel, like the latter, that this process may be an indication of an underlying shift, and this tips the balance.

[davidosh] 08/11/2011 16:24

I am holding on for now and hopefully those sales related bonuses will eventually come through into profits or there is a clawback I note. I wonder how a growth in profits and directors pay since the listing would look if compared directly over last six years ?

[nurdin] 08/11/2011 15:25

Excellent response SteMis....think I will hold on to my shares...:o)

[stemis] 08/11/2011 15:18

I've posted my rebuttal on TMF



Polonsky isn't going to let the company's money be given away for nothing

Most of the increase is a bonus to the 'sales director' relating to the excellent new sales figures and the restoration of pension contributions/salary cuts given up in 2009 so shareholders could have a 5% dividend increase!

[centipede] 08/11/2011 15:15

WTF!

I am now out of this share. All just a bit too wiffy for me.

[davidosh] 08/11/2011 12:46

Any possible explanation ?



In 2010 aggregate remuneration for MD Gordon Marr was £190,681 and for Chief Distribution Officer Joseph Kanarek it was £180,942 (Kanarek was appointed to the Board midway through the FY, though he had been previously employed by trhe company in a non-Board role). The corresponding FY 2011 figures are a staggering £295,802 and £635,383.

Moreover, the AGM notice asks shareholders to approve an increase in the maximum level of LTIP from 1x salary to 3x salary.


Staggering increases compared to increased profitability at HSD.

[grahamburn] 22/9/2011 16:33

Interesting - and possibly concerning - comments scattered throughout the statement about a number of writs from clients in respect of claims for poor advice etc. Each time it is stated that the writs will be contested strenuously after taking independent advice and that the company has not made any allowance in the accounts in respect of these claims (ie that the writs will indeed be successfully defended) which should be reassuring. However, the company also states that it is expecting further writs. If the company has a solid defence and states this publicly, it seems a little strange that it is expecting further writs.

[cestnous] 22/9/2011 15:38

Nice results; blue on a bad day .

[shauney2] 22/9/2011 10:11

Good steady results.Go ex divi next week.
Panmure retains its 230p target.

[stemis] 22/9/2011 09:26

8.4% yield at current price and a discount of 12.4% on EEV. Despite a relatively flat profit performance (pretty good itself in the current climate) there has been heavy investment in infrastructure. New business is up 33% at improved margins, so the outlook for the future seems very good.

[fangorn2] 22/9/2011 08:17

Results for anyone interested...

[soi] 05/9/2011 16:03

Hi

I bought some about a month ago, relatively stable considering how volatile many
other shares are currently.
Not much buying /selling activity on these shares.

[vatacarma] 02/9/2011 15:53

The should consider that they distri

[blueledge2] 02/9/2011 15:52

Thinking about looking into these and getting some. I keep seeing and hearing the name.

[envirovision] 02/9/2011 15:47

Numis upgrades Hansard Global from hold to add.

[envirovision] 27/7/2011 09:00

DJ Hansard Global Assets Of GBP1.2B At June 30, Sees Growth In 2H


LONDON (Dow Jones)--Hansard Global PLC (HSD.LN), a long-term savings provider, Wednesday reported assets under administration at June 30 of GBP1.2 billion, up 7.4% from last year, and said its outlook for sustained growth in new business and profitability remains positive.

MAIN FACTS:

-New business flows of GBP221.1 million in the year

-New business in the last quarter of this financial year was GBP59.0 million

[envirovision] 22/7/2011 11:41

Tipped in this weeks IC

[loganair] 12/7/2011 19:43

Those who have asked will the IOM start charging company tax and therefore eat into the profits of Hansard - form the Manx Budget speech 2011:

"A year ago, we estimated needing to take £114 million from reserves in order to balance our budgets over the five year period. Now we have a realistic chance of not needing any withdrawals at all.

In summary regarding this important piece of tax policy, we believe that there is no basis for changing the zero-ten system itself."

The Isle of Man Government has in the region of 1.5bln in reserves or equivalent to 3 years Government expenditure and has NO debt what so ever.

[loganair] 29/6/2011 08:56

I notice on the MF thread one of the posters asked what would happen to Hansard if the big banks come into the market and why they haven't.

Obviously this person isn't aware that the big player's are in the market. When I was working in the Middle-East I was offered a very similar product to Hansard but by Lloyds Bank who charged 9% up front fee and 1.5% per year which meant in the first year one would pay a fee of 10.5%. Minimum investment £100,000.

Lloyds had 4 risk catagories (Low, Medium, High & Very High.) Low was UK/USA treasuries or cash funds. 10.5% up front fee to buy UK treasuries when on line I could buy the same for less than 1%.

Very High - example Fidelity Korean Fund. I was already invested in this fund directly from Fidelity paying an up front fee of 4%.

The only part of the product I did like was the ability to be able to invest in funds where the minimum investment was £1mln. Lloyds would gather all the small investments in this particular fund to make one big investment and therefore the small investor was able to invest with the big boys.

In the company I was working for, all 64 of us were offered to see the financial adivsor who worked with this Lloyds product (was not directly paid or employed by Lloyds), 20 of the 33 British took up the offer, I didn't as I thought the up front fee was rediculously high with most the products I could invest directly myself at a fraction of the up front fee.

[loganair] 29/6/2011 08:20

The reason for the high dividend payout, around 100% of profit is that the 40% share holder and Chairman only takes £1 per year in pay.

Basically all his pay comes in the form of the dividend paid via his 40% holding. Therefore the more profitable Hansard are the more his pay goes up and conversly the less profitable Hansard are the less pay he'll recieve.

I Just wish other companies would run on the same basis, only if a said companies profits rise does the Chairman also get a pay rise and no bonuses. Actually as far as I understand none of the directors recieve bonuses.

[hieronymous1] 28/6/2011 20:05

Having just read the MF posts (thanks SteMiS4 and JRR774) I am now a much happier holder and will add when funds become available.

[jrr774] 28/6/2011 19:29

There's an excellent futher review of the Hansard presentation and investment case over at the MF:

[envirovision] 21/6/2011 19:53

JR774

VC imo gave a fairly detailed presentation in the time we had, it was certainly not lightweight. In response to litigation explained their legal advisers had informed them they had little chance of success but would not go into detail of the number or size of the claim. It did seem as though they were not particular concerned about these claims and the claim was certainly not in one of their core target growth areas. Regarding claims in general, it seems the general policy is one of avoidance, in other words simply to target countries with less legal and regulatory regime where less problems are likely to arise or pressures put on changes in regulatory regimes from disgruntled clients.

In response to a question regarding IOM corporation tax, VC said in his opinion it was unlikely there would be any change to tax laws any time soon, if ever and no one there was expecting any changes. (VC is a IOM resident and well connected there).


One person asked if they hedged their foreign capital but the answer was no since they were comfortable working in dollars and sterling and the client was the exposed party. They tend to keep most of their capital in sterling and have around £59M in cash and the dividend is covered from earnings.