Aj Bell Share Discussion Threads

[robbie1424] 09/6/2021 21:50

If you save monthly with AjBell and instruct them to buy shares for you monthly as I was doing then you should be aware of the following:They purchase shares on our behalf around the 7/8 of each month.If there is a lot of stock to be purchased I have noticed they are always bought at the top of the range (inflated share price)This is not a coincidence as I have monitored it for 5/6 months.I have ceased investing monthly and now hold it in cash until I decide to invest it back into AjBell when the shares have dropped.Hope the above helps

[eaaxs06] 09/6/2021 11:57

Any director deal (buy or sell) seems to be the kiss of death to the share price.

I was monitoring the trades on Monday and never noticed anything untoward. It looks like all those director buys that day were bulked together as a late reporting deal of 595,000 shares.

I suppose its encouraging that directors are prepared to buy at 448p, albeit in smaller amounts than they normally sell.

Good luck everyone, Sid.

[mrbeaky] 09/6/2021 10:01

RNS saying directors have been buying! I almost fainted in shock.

[mrbeaky] 08/6/2021 14:27

Spoke too soon? Weird reverse since yesterday when it was flying

[eaaxs06] 07/6/2021 13:05

Having a good day and rapidly approaching 450p.

Let's hope the directors haven't yet noticed.

Good luck everyone, Sid.

[saltaire111] 22/5/2021 09:45

Hi Sid, thanks for your kind words. I’ve sold practically all of my equity holdings (not just AJB) and the reason for selling is that I am concerned about inflation. I didn’t need to sell my equities for the building project, this had no impact on my decision to sell. I was, however, shocked at the scale of rising prices for basic building materials and that backed up my fears over inflation. I will be wrong, I always am! It’s just to what extent will I be wrong. There will be a market crash at some point, it’s just a question of when. I’ve lived through several market meltdowns, Black Wednesday, credit crisis and Covid and they have been fabulous buying opportunities. It is horribly frustrating sitting in cash waiting for it to happen, but when it does, it can be life changing!

I will be watching, and no doubt commenting, from the sidelines.

Salty.

[eaaxs06] 21/5/2021 12:26

I haven’t been on here for the last few days, so only just seen that Salty has sold his holding in AJ Bell and moving into cash for his property development.

Personally, I think that’s a great shame as his posts are always interesting and thought provoking, his knowledge will be greatly missed.

Good luck with the building project Salty, I hope it all goes well for you and we catch up with you again soon, Sid.

[saltaire111] 20/5/2021 09:33

Thanks both. We each have to make these decisions from time to time. Good luck all.

Salty

[ochs] 20/5/2021 07:54

re: building projects I read the other day that the price of lumber is up 300% since before the pandemic and these sorts of extra costs might slow down construction in the US. Good luck with your building project Salty.

[mrbeaky] 19/5/2021 14:06

Good luck! Hopefully this is just a short term blip

[saltaire111] 19/5/2021 12:04

Full disclosure: I’m out! Sold 90% of my equity holdings over the last few days (including my biggest shareholding, AJB, and moved into cash. I don’t like the look of the start of the tech meltdown, house price bubble and looming inflation.

I’m doing a building project at the moment as a side project and the cost of the basic materials for that build has gone loopy! Concrete blocks have doubled in price in six months. Steel RSJs practically doubles, even sand prices are up about 20%!!

I’m hearing stories of employers not being able to recruit staff unless they increase salaries by about 20%.

Having lived through this type of situation before, I’m taking risk off for now, and banking the profits of the last five years.

I know it’s time in the market that counts, but so does judgement and experience (and a lot of my experience has been of the bad variety!!!).

Salty.

[saltaire111] 30/4/2021 09:50

Getting back on track now...

Looking good.

Salty

[saltaire111] 28/4/2021 21:27

Bang-on Sid. Agree with every word.

Salty

[eaaxs06] 28/4/2021 09:19

I’m convinced theses “analysts̶1; sit back and see where the share price goes, and then retrospectively throw some words together to justify what has already happened. You don’t see many of them publishing straight after the update; rather they wait a few days, and then comment on what has already taken place.

So he sees the price fall back to 435p, but gives a hold rating, with a target price of 420p? I’m glad that I am not one of his clients.

Personally, I think it’s just a bit of healthy profit taking, after a run up in a month pre-update from the 400p range to the heady heights of the 475p area. It’s to be expected, even without any director selling. I’m sure it will be very similar in the run up to the figures being announced on 20th May.

Good luck everyone, Sid.

[peterbill] 28/4/2021 07:44

The latest quarterly update from AJ Bell (AJB) disappointed investors but broker Berenberg is expecting more robust first half results.

Analyst Jonathan Richards retained his ‘hold’ recommendation and increased the target price from 400p to 420p on the stock, which closed down 1.3%, or 5.6p, at 435p on Monday.

The shares have fallen nearly 7% since a quarterly update was released last week. Richards said while the overall assets under administration number of £65.2bn was in line with his own expectations, ‘the market was expecting stronger inflows and sequential growth’.

‘The company’s first half results, which will be released on 27 May, should be robust,’ he said.

‘We have increased earnings per share estimates overall by c.8% due to continued elevated commission levels, indices increasing c.10%, and additional guidance from the company.

‘We continue to view AJ Bell’s future prospects positively. However, given its current valuation of c.40x 12-month forward earnings per share, we continue to believe our “hold” rating is appropriate.’

[robbie1424] 26/4/2021 21:04

About time the directors stopped selling at around 460 and show some faith in the company.Fantastic numbers again so fully expect this to rage on over the coming years.I have however bought some at close to 400 then off loaded at 450 but getting boring now and mms are certainly not creating best market for themselves as volumes very low.Hold and accumulate

[tenapen] 22/4/2021 16:48

Your a hard crowd to please if the such good results are marked down.

:-/

[its the oxman] 22/4/2021 11:40

Expecting a gradual recovery.

[peter27] 22/4/2021 10:31

Short term, why wouldn't you buy at 415 a few days ago and now sell at 445? It's the difference between investment and speculation.

[mrbeaky] 22/4/2021 10:17

Always good results and same outcome, usually rises the weeks after. Frustrating but what can you do

[saltaire111] 22/4/2021 09:33

Trying to understand what’s not to like in the numbers?

Anyone spot anything?

Salty

[saltaire111] 22/4/2021 08:41

Bizarre response to exceptionally good results.

Salty

[eaaxs06] 22/4/2021 08:30

The price looks to be a bit of a mark down by market makers, rather than anything to do with actual selling, only 60,000 shares traded in the first half hour.

I suppose that's understandable, given the strong last 4 weeks, running up to this trading update.

Good luck everyone, Sid.

[ochs] 22/4/2021 08:22

Surely this news was already in the share price after the trading update in March? So not a huge surprise to see it fall a bit...

[mrbeaky] 22/4/2021 08:09

Always the same...