Aj Bell Share Discussion Threads

[navigo] 12/12/2023 12:36

The FTSE 100 advanced as jobs and wages data brought hopes that policymakers were a step closer to an interest rate cut, but Hargreaves Lansdown (HL) tumbled as the City watchdog ordered retail brokers to stop ripping off customers on their cash balances.

[boros10] 12/12/2023 08:59

Looks like AJ Bell has more work to do than HL to justify fair value. Hargreaves Lansdown (10k to 50k)ISAs 2.95% SIPPs 3.65%.Hargreaves Lansdown more than 100k cash)ISAs 3.70% SIPPs 4.20%.AJ Bell (above 10k) ISAs 2.45% SIPPs 3.70%.

[encarter] 12/12/2023 08:48

Shouldn't make much difference unless they decide that it has to be backdated.

[boros10] 12/12/2023 08:21

https://www.fca.org.uk/publication/correspondence/dear-ceo-letter-retention-interest-earned-customers-cash-balances.pdfEnding double dipping is unlikely to hurt earnings very much. It would likely mean excluding cash from the platform fee calculation. Brokers are currently earning higher BPS margin on cash balances Vs their platform fees BPS margin. The bigger concern is the need to demonstrate fair value against the cost of managing these cash balances. The FCA don't appear to want to hear the argument that the extra interest is partially offsetting lower brokerage income.

[blondviking] 12/12/2023 08:13

Why the drop this morning?

[glavey] 08/12/2023 02:52

Interest on client cash.

[weemonkey] 07/12/2023 13:30

AJB has had good results for years now. Today's are the best ever and have beaten expectations.

Maybe finally, the shares will 'catch a breeze'; they have gone sideways or down for the last 4 years

Given the strong growth profile over the same period, they deserve to multi-bag.

Maybe you could have argued that they were expensive 4 years ago.

Well, they are just plain cheap now.

[eaaxs06] 07/12/2023 10:24

Wow. They look cracking figures to me.

Good luck everyone, Sid.

[lancasterbomber] 07/12/2023 10:21

Excellent results this morning as reflected in share price!

[ochs] 06/12/2023 09:41

Any takeover would be well north of £3.

I think yesterday's rise was just a bounce off strong long term support around 245/250p.

Also the German 40 hit a new all time high - so good news for assets under management at all brokers.

[tenapen] 06/12/2023 05:59

I only hold the two bit broker that is Jarvis. I do though keep an eye on the sector as I believe sectors rise and fall together.
The rise across the board at circa 2pm looks to me like a re rating...... or just a blip !. Time will tell all.
Good luck.

[tudes100] 05/12/2023 20:31

You don't think it might have more to do with results coming this week LB ?!

[tenapen] 05/12/2023 17:48

Maybe !!!

Brokers across the board have had a good day, their share prices going higher as sentiment improves. Long may it last.

[lancasterbomber] 05/12/2023 17:33

interesting rise today, takeover time/

[zho] 02/11/2023 12:14

Hunting for bargain shares? They're right in front of you

Markets are too short-term when marking down the likes of Hargreaves Lansdown and AJ Bell

[likeadabble] 30/10/2023 16:10

What IS going on? Seemingly good fundamentals, making money etc. yet the share price continues to fall???

[ochs] 19/10/2023 17:26

That's true - they might have to offload some bits. It might not be for a few years, but I think it will eventually happen. Their charging structures are relatively similar for their platform businesses (unlike ii for example) and AJB have the advantage of the growing service they offer to external advisors (which HL has never done and potentially missed out on).

[riverman77] 19/10/2023 17:19

Would the competition watchdog allow a merger between Hargreaves and AJ Bell? They would end up controlling a big chunk of the market if they did.

[ochs] 19/10/2023 16:27

Yes, market has taken the full year update pretty well - surprising as they've taken HL's Q1 update badly!

I topped up AJB at 257p yesterday, got it as a longer term SIPP investment, so happy to add more if there are further falls.

I think that ultimately HL and AJB will merge as its the only way to keep costs and prices competitive and compete with US brokers trying to invade their territory. Otherwise I can see HL going to private equity at some point.

[kalai1] 19/10/2023 14:18

AJ Bell plc issued a trading update for its FY ended 30th September this morning. The platform business continues to grow solidly, customer numbers increased by 50,880 to close at 476,532, up 12% in the year. Net inflows in the year were £4.2 billion taking assets under administration to a record £70.9 billion, up 11% in the year. AJ Bell Investments continues to power ahead, net inflows in the year were £1.65 billion, up 57% versus the prior year, with AUM of £4.7 billion, up 68% in the year. The business continues to grow solidly and is very profitable. Valuation remains something of a cloud with forward PE ratio at 15.5x in the bottom quartile for the IB & IS sector. The share price also remains in a correction and lacks positive momentum accordingly. Monitor for now...

...from WealthOracle

[saltaire111] 29/9/2023 20:42

Starting to look interesting again.

I use AJB for my SSAS and investment accounts. And they’re brilliant.

So I’d happily buy shares, but at what price? £2.50 looks like good value to me.

Salty

[ochs] 30/8/2023 12:35

Worth a buy if they drop back towards previous lows around 241p to 250p. Although yield is only 2.55% so only half what you get with HL.

I think longer term HL and AJB might merge to create a UK investment powerhouse to compete with the US companies who will increasingly try and undercut and take market share over the next 10 years.

[orinocor] 30/8/2023 10:02

They've fixed it now.

[wsm812] 30/8/2023 09:52

Can you log in yet? I'm in fine with no problems

[orinocor] 30/8/2023 08:10

unable to log into the website this morning. I'll take my business elsewhere.