Aj Bell Share Discussion Threads

[saltaire111] 10/8/2020 22:42

Delusional? Moi? No. Don’t think so. HL needs to keep growing. Organic growth is getting harder. They are making progress with younger investors, but they are lower margin customers. AJB’s customer base is more mature, and they have a fabulous SIPP business that would fit beautifully with HL’s weaker pension services. I do not think I am being delusional... Salty

[lomax99] 10/8/2020 19:44

You are delusional, IMO the chances of such a tie up are sub zero!

[saltaire111] 10/8/2020 19:12

Ochs - if we can break through £4.50 convincingly, then £6.00 is not out of the question. I keep banging on about the potential in an HL and AJB tie-up. They compliment one another, with AJB’s cheaper operating base (Manchester) and complimentary pension management specialism. Put that together with HL’s customer base and there will be mahoosive revenue opportunities, and significant cost synergies. If that we’re to be under consideration, I wouldn’t rule out £8.00 a share. Salty.

[orchid5] 10/8/2020 13:28

Mine is £16-10 bags full!

[ochs] 10/8/2020 12:47

Salty, what's your target price once 450p breaks?

[saltaire111] 10/8/2020 10:01

AJB chart looking positive. Any push through £4.50 will be very bullish. AJB’s brand recognition really starting to gain traction, evidenced by customer growth numbers in the recent update. Looking good. Salty

[eaaxs06] 05/8/2020 08:35

Come on AJB, slowly, slowly, we’re getting there, to close that gap at 446p from 21/5. As soon as that’s hit, the share price could start to move ahead smartly. Good luck everyone, Sid.

[bullsvbears] 25/7/2020 18:46

.... or buy in the expectation then sell on the reality....

[umitw] 24/7/2020 12:34

It was in the price already.People were in the know, which is insider dealing IMO.

[saltaire111] 23/7/2020 12:10

Bizarre market reaction to these superb results. Salty

[ochs] 23/7/2020 12:08

Excellent results. Now where have I seen this Cash Savings Hub idea before? ;)

[saltaire111] 23/7/2020 07:06

Nice update this morning. Love the cash savings hub idea. Salty. Q3 trading update AJ Bell plc ("AJ Bell" or the "Company"), one of the UK's largest investment platforms, today issues a trading update in respect of the three months ended 30 June 2020. Performance overview Total customer numbers increased to 282,619, up 26% over the last 12 months and 8% in the quarter, with total net inflows in the quarter of GBP1.2 billion (2019: GBP1.2 billion). Total assets under administration (AUA) increased to GBP54.3 billion, up 7% over the last 12 months and 12% in the quarter. The FTSE All-Share increased by 10% over the quarter. AJ Bell's customer growth and strong net inflows during the quarter were driven by the platform business: -- Platform customer numbers increased organically by 20,370 -- Total platform customers closed at 268,444, up 27% year-on-year and 8% in the quarter o Advised customers of 106,335, up 11% over the last year and 2% in the quarter o D2C customers of 162,109, up 41% over the last year and 12% in the quarter -- Platform underlying net inflows, representing organic growth in the quarter, increased by 30% over the prior year to GBP1.3 billion (2019: GBP1.0 billion) o Advised underlying net inflows of GBP0.5 billion, in line with the prior year o D2C underlying net inflows of GBP0.8 billion, up 60% on the prior year -- Platform AUA closed at GBP47.7 billion, up 10% over the last year and 14% in the quarter Customer dealing activity and financial outlook As reported in the Company's interim results for the six months ended 31 March 2020, stock market volatility drove record levels of dealing activity by D2C customers in the first half of the financial year, generating increased transactional revenue. Although trading volumes have now fallen from the peak levels seen earlier in the COVID-19 crisis, the number of trades placed by D2C customers in the quarter more than doubled compared to the same quarter in 2019, exceeding management's expectations. As a result, management currently expects profit before tax for the year ending 30 September 2020 to be at least GBP2.5 million above current market consensus(1) . Customer dealing activity is expected to normalise in Q4 of the current financial year and therefore management reiterates its previous guidance in respect of the year ending 30 September 2021. (1) As at 20 July 2020, Company compiled consensus for profit before tax was GBP43.4 million. Further details are available at ajbell.co.uk/investor-relations/analyst-consensus Launch of AJ Bell Cash savings hub The Company is preparing to move into the GBP1.5 trillion(2) retail cash savings market with the launch of the AJ Bell Cash savings hub via its D2C platform. As part of the Company's commitment to make it easy for people to invest, the AJ Bell Cash savings hub will enable customers to access a range of competitive notice and fixed-term savings accounts from a range of UK authorised banks. They will be able to apply for multiple accounts quickly and easily, with no paperwork, and manage their cash savings via one online account that sits alongside their existing AJ Bell Youinvest accounts. It will also give them peace of mind that the savings accounts they have within the Cash savings hub will be covered by the Financial Services Compensation Scheme (FSCS), up to the limit of GBP85,000 per bank. AJ Bell will begin testing the Cash savings hub with a small group of existing customers before the end of July and expects to launch it to all AJ Bell Youinvest customers by the end of the calendar year. (2) Source: Bank of England UK households' deposits statistics, May 2020 Andy Bell, Chief Executive Officer at AJ Bell, commented: "Markets have rebounded from the lows seen in the previous quarter but remain volatile and this has helped increase the value of assets under administration and customer trading volumes. Our focus throughout the COVID-19 crisis has been on ensuring we are here for customers and advisers when they need us and this has translated into strong net inflows onto the platform and continued strong organic growth in new customers. "With interest rates so low, it is increasingly important that people regularly check the rates they are earning on their cash savings and consider switching accounts if they want to ensure they get a better return, but most people don't have the time or inclination to do that. Our new AJ Bell Cash savings hub will enable customers to manage their cash savings more effectively without having to go through lengthy, paper-based application processes each time they open a new account, whilst ensuring they benefit from FSCS protection. "The quality and commitment of our staff has enabled us to operate all services on a business as usual basis throughout the coronavirus pandemic. This operational resilience demonstrates the strength of our business model which has been appreciated by many customers and advisers. The long-term growth drivers of the platform market remain undiminished and we are well positioned within the market to benefit."

[saltaire111] 19/7/2020 20:27

I would like to see AJB develop something for millennial investors. There’s a gap that’s being tapped into by robinhood that AJB could go for. It would be worth them developing a re-hashed version of the youinvest platform for that age demographic. Salty

[eaaxs06] 19/7/2020 11:37

Another good day on Friday, it all looks very encouraging for the Q3 trading update, which is due on Thursday. Good luck everyone, Sid.

[bullsvbears] 17/7/2020 10:28

A lot of trades are shown this morning before the offical "market open". prices all over the place. Any thoughts as to significance - if any?

[bullsvbears] 16/7/2020 17:16

An interesting "read across" earlier today, too. Update should be pretty good with all the recent ups and downs in the general market.

[eaaxs06] 16/7/2020 17:03

Highest intra day, and close, for 6 weeks, even with the general market being weak. That's encoraging, let's hope there is more to come tomorrow. Good luck everyone, Sid.

[hawaly] 16/7/2020 16:05

Trading update a week today GLA 😎

[hawaly] 11/6/2020 16:33

iWeb was also down earlier..... where do you go? GLA 😎

[orinocor] 11/6/2020 16:30

Yep online trading is a gonner with AJ Bell. At least HL can provide a service.

[orinocor] 11/6/2020 16:17

Impossible to buy or sell just now on the website. Seems they cannot handle high volume of users. Very poor service for a large listed company.

[thewheeliedealer] 08/6/2020 21:43

Hi all, My mate Peter @Conkers3 and myself did a Twin Petes Investing Podcast a few days ago and part of our discussion covers AJB. We also chatted about the current situation in the Markets and covered loads of Stocks and as always a fair bit of general Portfolio Management educational stuff. Anyway, if you use Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want TPI Podcast 24) and you can find it on Soundcloud at the link below. I hope you enjoy it and find it useful, Cheers, WD @wheeliedealer hTTps://soundcloud.com/user-479955511/conkers3-wheeliedealer-24-is-cash-king-gaw-fdev-fevr-ajb-hl-grid-hfd-ocdo-php-luce