Hansard Global Share Discussion Threads

[fangorn2] 02/1/2014 17:58

I thought alot of their biz was Asian focused, as well as ME. Plenty of Bankers cover those regions.eg Shanghai,Hong Kong, Japan.

Was just hypothesing as never really understood why their packaged products were so popular - relatively expensive aren't they? Not as bad as Man groups AHL margins but still eye watering.

[pvb] 02/1/2014 17:42

Umm... Why does this not inspire a feeling of great confidence?

Is there any evidence that bankers are doing this? UK bankers? Not European bankers as they have shut down their European business. I thought their clients were mainly rich people from the Middle East etc?

Russian 'bankers' perhaps? ;-)

[fangorn2] 02/1/2014 17:34

Rising banker's bonuses being put into the company's "tax wrapper" packaged product?

[envirovision] 02/1/2014 12:44

I would expect earnings to be picking up this year

[pvb] 30/12/2013 11:55

Uhm. It was paying 11% at one time! I guess it needs to be 8% to get people to hold it. How well covered is that 8%? Also, earnings seem pretty volatile.

[deepvalueinvestor] 29/12/2013 17:05

A loser stock paying a yield of 8%?! That's enough for me

[pvb] 27/12/2013 19:22

Well I've had enough now. I am just looking for a chance now to dump this loser stock.

This was a mistake.

[cockerhoop] 03/12/2013 21:42

My understanding is that HSD provide an Offshore Insurance Wrapper for a clients self selected investments which allows the underlying investments to be considered a insurance policy rather than the investment itself which depending on the jurisdiction allows various tax benefits including Inheritance tax.

The following is a generic description.

hxxp://www.affinity-consulting.com/Insurance-Co/offshore-bonds.pdf

[rohkap] 03/12/2013 21:10

thats the thing-I've been through the website and accounts and still do not fully understand. Probably being stupid but would be good if someone could provide a simple explanation of the business model!

[aleman] 03/12/2013 19:40

I didn't say they only charge a platform fee. I don't even know if they do as such but I thought that was the defence they used as part of the Norwegian court case. I was just answering, in principle, your question about why investors might pay a fee to a company that did not offer investment advice. I'd like to understand the business better myself. I'd have to go back through statements to remind myself and probably still would not then understand properly.

[rohkap] 03/12/2013 18:59

Thanks Aleman. So they're like a mini Hargreaves Lansdown for offshore investors. In that case, why do they bother with embedded value accounting? Seems unnecessary if all they do is essentially charge a platform fee. I also wonder if embedded value accounting is the right way forward when there were investment redemptions of £200mm (20%) last year. Wonder just how sticky the funds are?

[aleman] 03/12/2013 12:01

Many companies provide and charge for tax wrappers for SIPPs and ISAs, often without providing any investment advice. Lots of UK investors are happy to pay the fees to use these platforms to avoid UK investment taxes. Isn't this similar to what HSD are doing, albeit with a little more emphasis on offshoring wealthy investors money?

[rohkap] 02/12/2013 22:38

As a newbie to the stock attracted by the divi and high levels of operating cash flows, can someone explain how/why HSD generates it's revenues. I've read the spiel in the accounts and on the website about creating tax efficient life assurance wrappers for investment products but how can they justify charging high net worth individuals 0.5% fees when the company is not managing investments nor providing life assurance and why would anyone pay that level of fees? I'm obviously missing something here so would be grateful if someone could explain!

[gargoyle2] 28/11/2013 10:38

I'm hoping there's good support at this level, from April. Otherwise, we're going to be testing the 80p lows of Oct/Nov 2012 imo.

[zoolook] 28/11/2013 10:34

Personally speaking I could do with it being a bit lower before topping up :-)

[garycook] 28/11/2013 01:27

Anyone know what is the problem with the HSD share price at the moment?

[blanketstacker] 09/11/2013 19:31

The company also does a fair bit of business in the Phillipines, but I think on any grounds this is an over-reaction. The yield now is potentially 7.9%. I have topped up here.

[gargoyle2] 08/11/2013 10:14

The latter, i think. Went ex-divi last month.

[stemis] 08/11/2013 10:02

I'm presuming the fall is a combination of the share going ex div and some negative reaction to the IMS

[skinny] 08/11/2013 07:24

Summary
· The transfer of the Hansard Europe Limited policy administration processes to the Group's offices in the Isle of Man has commenced in accordance with plans agreed with the Central Bank of Ireland;

· New business premiums of Hansard International Limited of £34.4m PVNBP in the quarter have increased by 4.2% (Q1 2013: £33.0m). Regular premium flows of £27.8m have reduced marginally from £28.4m received in Q1 2013, while Single premium flows of £6.6m have increased by £2.0m from Q1 2013;

· New business margins on the PVNBP basis have reduced to approximately 10.0% (Q1 2013: 10.7%);

· The Group has traded profitably during the period and generated strong positive cashflows. Decreases in capital market values in the quarter have been reflected in slight reductions in the value of both policyholder Assets under Administration and in the Group's embedded value at 30 September 2013, when compared with 30 June 2013.

[this_is_me] 03/10/2013 08:39

Yes, happy to hold for the 7% dividend. I expect profits to rebuild from here over then next while as the change in business model builds it up.

[aleman] 02/10/2013 12:53

Currently down 3.25p so up 1.5p after allowing for the ex-dividend.