Hansard Global Share Discussion Threads

[cwa1] 24/1/2020 07:32

24 January 2020

Hansard Global plc

New business results for the six months ended 31 December 2019

Hansard Global plc ("Hansard" or "the Group"), the specialist long-term savings provider, issues its new business results for the six months ended 31 December 2019, the first half of its 2020 financial year ("H1 2020"). The three months ended 31 December 2019 are referred to as "Q2 2020" throughout this document.

Summary

-- New business for the Group for Q2 2020 was GBP44.3m in PVNBP ("Present Value of New Business Premiums") terms. This represents an increase of 6.7% on Q2 2019 and 23.7% on Q1 2020;

-- New business for H1 2020 was GBP80.1m, 8.1% higher than H1 2019;
-- Our Latin American region has been the fastest area of growth as our Hansard Worldwide proposition and award-winning levels of customer service continue to be well received;

-- Assets under administration were GBP1.09 billion at 31 December 2019, unchanged from Q1 2020.

Gordon Marr, Group Chief Executive Officer, commented:

"There is a growing momentum in the business with particularly good performances in Latin America and the Middle East. Our focus on key distribution relationships, technology and customer service has assisted our growth in sales and we are pleased to have built further upon our strong start to the financial year."

[cwa1] 07/11/2019 07:28

Trading update for the quarter ended 30 September 2019

Hansard Global plc ("Hansard" or "the Group"), the specialist long-term savings provider, issues its trading update for the period from 1 July 2019 to 30 September 2019 (Q1 2020), except where indicated.

Summary

-- New business for the quarter to 30 September 2019 was GBP35.8m in PVNBP ("Present Value of New Business Premiums") terms, 9.8% higher than Q1 2019;

-- Primary area of growth continues to come from our locally licensed business relationship in the UAE;

-- Assets under administration up marginally on previous quarter to GBP1.09 billion.
Gordon Marr, Group Chief Executive Officer, commented:

"We are pleased to have started our financial year successfully with our new business from the UAE continuing to perform strongly. Following the recent acquisition of our Investment Manager licence in Japan, our primary objective for this financial year is to finalise our new proposition and operational model with a number of potential distribution partners and to launch to new business."

[cockerhoop] 26/9/2019 14:03

Where did they give that impression?

Their actions were to stop selling in Europe permanently, that's hardly the behavior to suggest it's a small or transient issue is it?

[loganair] 26/9/2019 13:29

When Hansard first reported the litigation they gave the impression that it would only be short term, maybe a couple of years at the most then it will all be over. Sadly this has not been the case = uncertainty which the stock markets do not like.

[my retirement fund] 26/9/2019 13:03

The issue here is the litigation has been going on for years and isn't going away and it just seems to get worse.

[loganair] 26/9/2019 11:31

And also causing the share price to drop to continue giving a 10% dividend yield which investors need in order to take on the risk of buying shares in Hansard.

I made a stupid decision in buying in to Hansard in the first place as I was emotionally swayed by the high dividend yield rather then by my experience of the product they sold.

[cockerhoop] 26/9/2019 11:24

I do like to tease MRF as he can be somewhat rude to other investors on multiple boards.

Actually at HSD not much has changed, the AUM is pretty similar, the narrowing of margins as new low margin business replacing old high margin redemptions is ongoing.

FCF has predictably dropped causing the dividend to do the same.

[loganair] 26/9/2019 11:15

Over the past few years Hansard has cut its dividend by 50%, then cut it again by another 50% and has been one of my worse investment I've made.

The problem with Hansard is the founder of the company still owns well over 50% of the shares.

[cwa1] 26/9/2019 11:13

To be fair to MRF, I've changed my mind about a LOT of things since July 2016!! And a lot of things have actually changed since then...

[cockerhoop] 26/9/2019 11:06

You've changed your tune MRF - this was when the Dividend was 8.9p

My Retirement Fund28 Jul '16 - 11:36 - 731 of 978

Well its got to break very very strong resistance at this point as it will be a multi year breakout. I guess rome was not built in a day etc.

Free cash flow here is astonishing divi increase ahead imo.

[younasm] 26/9/2019 08:47

I am happy to take the risk - dividends are too good ..,

[mister md] 26/9/2019 08:31

yes I held this share until recently for the dividends, but sold in favour of some larger cap companies. The litigation does seem to be the thing worrying the market and keeping the shareprice depressed:

" Exposures from outstanding writs total EUR21.7m (GBP19.4m) at 30 June 2019, up EUR1.6m (GBP1.6m) from 30 June 2018. The primary driver of the increase has been in relation to litigation in Italy focused on a range of funds which have been illiquid for a number of years."

[my retirement fund] 26/9/2019 08:24

Eps 3.3p increasing forward costs in unproved diversification increased litigation risks and a long established history of under estimating (some would say misleading) its litigation liabilities.4.4p divi sustainable? Really? REALLY ???

[cwa1] 26/9/2019 07:32

Results out and, speaking to nothing else, that full year dividend of 4.45p on a 40p year is particularly juicy IF it can be maintained going forward.

[younasm] 13/9/2019 22:50

Full year results will be published on 26th Sept.

[younasm] 13/9/2019 18:33

Added to my ISA account ... @41p

[stpalm] 10/9/2019 11:48

when are results? does someone know something or just a big seller in the wings?

[mister md] 10/9/2019 08:40

then again, maybe not ...

[mister md] 06/8/2019 14:20

shareprice doing ok in these dodgy markets ?

[fenners66] 25/7/2019 12:00

sales comparatives good
future income streams looking up
but an admission that second half profits lower
stating that part of the reduction of profit is down to capex is not correct.
Since capex spend itself does not add charge to the p&l and since the project is not finished it should not be /attracting any depreciation or amortisation, so the only possible cost could be interest on higher borrowing /lower interest received - hardly meaningful.

Mark down looks harsh given the business is trying to build more sustainability
I do not like the share price but I can wait and see if they eventually deliver.

[younasm] 25/7/2019 11:22

RNS very mixed - do we expect another dividend cut ?

[cwa1] 21/6/2019 07:49

21 June 2019

Hansard gains regulatory approval to operate in Japanese market

Hansard Global plc, the FTSE-listed savings provider, has announced that Hansard International Limited has been granted an Investment Manager licence in Japan, marking the first step to enable the company to enter the Japanese market with a new, innovative 'next generation' savings proposition.

A General Manager has been appointed in Tokyo, who will build on the opportunity that the new licence presents and lead the development of local resource and distribution relationships.

Gordon Marr, Group Chief Executive of Hansard Global plc said: "I am delighted that we have successfully achieved our registration in Japan. This is a major development for Hansard's business in a market that we are confident demonstrates high potential, and represents a key part of our strategic growth plan. We are well advanced in implementing our business plan, which includes registering our next generation product, the appointment of a General Manager and engaging in productive discussions with distributors in the local market. There is more to do before we are fully operational but this presents us with a very significant and material opportunity to achieve a step change in Hansard's future growth potential."

ENDS

[grahamg8] 20/5/2019 07:42

Fortunately topped up in the dip. Still massively underwater. But is the recovery just a return to more normal recent levels around 50-60p, or is there something more significant going on in the background that could return us to historic level above 100p? We can but hope and wait to find out.

[mister md] 17/5/2019 20:48

nice to see a bit of shareprice recovery this week