My old firm HRG has just
announced its results and I must say I am impressed. It seems they can and have managed without me quite well. And there was me thinking I was indispensable.
The Institute of Travel Management named the winners of its second annual
Project Icarus environmental awards, recognizing those companies that exhibited leadership in developing sustainable travel programs.
Two years after going public, shares in Hogg Robinson Group have been trading for most of this month at their all-time low. The stock price took a particularly hard hit today, closing at £0.21, or 19 percent lower. A spokesman did not hazard a guess at the cause and referred to general market conditions. The London Stock Exchange's FTSE 100 fell 1.24 percent. The company's market capitalization is roughly £64.5 million according to Yahoo Finance, versus about £275 million when
HRG launched the initial public offering.
[EDIT: The investment grew again, to about 21 percent.]
[EDIT: The investment grew again, to 16.15 percent.]
As you may also read elsewhere, an investment affiliate of BCD Travel's owner has again increased its stake in Hogg Robinson Group, this time to 14.63 percent.
This sort of information typically leads one (okay, me) to start calling people and asking them how strategic it is and whether BCD would be making a bigger move on HRG. But I've been in no rush to do that. Why does this "story" bore me? Anyone?
