Hargreaves Lansdown Share Discussion Threads

[ochs] 20/3/2023 12:28

@ACTION, HL was briefly available to buy just under 750p first thing... did you bite? ;)

Thanks @Porsche1945 - a good summary of where we currently are with markets. I think you're right about banks becoming extra cautious about lending in order to protect their balance sheets, and that's not good news for the wider world economy at all.

I will give Tradezero a try later and set up a demo account.

[porsche1945] 18/3/2023 10:26

Hi Ochs. IG are pretty good, website straightforward and can get people on the phone ok, Tradezero may be better tho, have a look at them. Thoughts, cyclicals getting hammered, oil mining banks stc, because any timeline for recession has been brought forward and lending by banks will be heavily reduced as they have to prtotect balance sheets….nasdaq has had a good week, big tech and growth, think msft and Nvidia, are flying, full on rotation going on. That stuff is where to be, Fed may go .25 then no more rises and cutting by June, banking melt down more of a fear than inflation. I would steer clear of all financials especially insurance companies, the next shoe to drop, thats why l&g aviva etc all tanking, the bonds they are sitting on have cratered in value, the pensions all sitting on tons of commercial real estate the value of which is getting destroyed. Could be 2008 all over. Id be in cash or big high quality cash rich tech. The rest I think is toast for a while, I think HL has had its day too, i dont even trade it now. Could be heading for a fiver. Alot of this stuff just re-rates and never recovers.

[ochs] 17/3/2023 16:10

FTSE 100 has now bounced off 7,310/20 three times this week - if that level doesn't hold on a closing basis today then we could be in for much worse next week!

[wilksey1] 17/3/2023 14:53

hmm think you might be right this sell off has to much momentum thats what panic does was going to buy earlier glad i did,nt

[action] 17/3/2023 14:40

My lowest purchase was 735p. This time it should break 700p. Gut feeling. No chart knowledge.

[ochs] 17/3/2023 11:41

@ACTION it's a tricky one, markets are very volatile and HL is too. You might get 750p, but may need to be patient. Equally it may not quite get that low. Then again the previous low was 735p in Oct, so it could go under 750p and bounce without even testing 735p...

[jubberjim] 17/3/2023 11:24

I m not in and until this banking mess is sorted out neither will a lot of very nervous investors

No one is willing to take a risk at the moment which is not good news for the likes of Abdn (I I) A J Bell or Hargreaves

I think investors will remain sidelined and this at what should be a busy time of year with ISAs being topped up.
Am away from my computer at moment which is a good thing removes temptation

Will see how it is looking after 30 of this month as a lot of my stocks here in the U K go ex dividend or I would have sold by now

Tread softly and watch your BACS

Take care everyone

[action] 17/3/2023 08:48

To be in or not to be in ? That is the question.

[ochs] 15/3/2023 11:07

Germany 40 tanking too!

[thomstar] 15/3/2023 10:35

The markets are tanking again, must be tory budget time again then

[ochs] 15/3/2023 09:54

Looks like HL followed Schwab down on Fri/Mon. Interesting that their clients were actually adding cash to their accounts during Friday.

[bend1pa] 14/3/2023 17:10

'The company has lost its way....'
============================
Somehow, I doubt that.

[ochs] 14/3/2023 11:37

Good budget news on pensions giving HL shares a boost, so we may not quite make 750p?

[action] 14/3/2023 08:17

still waiting for 750p

[ochs] 13/3/2023 10:35

Hi @Porsche1945, recent developments certainly support your arguments about housing, so thanks for the update. As you say, markets are now very nervous on financials and insurers.

Would you recommend IG for spreads? My previous provider (ovalX/ETX) closed and moved me to Capital.com, but I'm not so sure about them so far.

[porsche1945] 13/3/2023 10:17

Hi, on the housing shares….with what’s happening now with banks, this new narrative going on….banks will have to raise deposit rates to attract capital to bolster reserves, will vaporise their profits but the big thing is they will have to cut lending, preserve capital, housing is probably 30 pc over valued….I honestly think housing stocks are heading back to 2008 melt down pricing, there is a 100pc short profit, just buy a few long dated puts on builders and U.K. banks, you can’t go wrong. Insurers looking dodgy too as their long dated bonds are getting destroyed in value.

[ochs] 12/3/2023 11:19

Yes, well done! So what's your current price target @NOVECKINGOOD? You expecting lower than 735p (oct low)?

[noveckingood] 12/3/2023 08:56

Said to avoid these in January when they were 960, it was an easy short not a buy and hold.

The company has lost its way and there are pressures on margins which will only get worse. And the threat of the inevitable market correction which has only just started.

Maybe some should have listened..

[jubberjim] 11/3/2023 15:10

Is very difficult to call this

The fallout? From events over the pond might initially see an uptick in deals being done as people may panic sell but to do that you need to provide up to date prices which in a nervous market brokers such as Hargreaves will struggle if past experience is anything to go on.

And having sold investors will be loath to rush in in the short term to provide bids for shares as they hold on to the money garnered .
I don t know about twin horns of a dilemma but triple that up with between a rock and a hard place and is going to be very difficult at a time when punters are keen to use up their remaining ISA allowance ahead of budget

Why does this ???? Always occur at this time talk about the ides of march

Will just have to hang on in there this time small amount of cash left to invest but might have to sit on hands a while longer

Hopefully this time round declared dividends will be honoured although there is a caveat in the last bit of the final results of some companies that this not be the case in certain circumstances

Never say never hang onto you hats and your money until bit more certainty ensues

Good luck everyone for next week

[ochs] 11/3/2023 14:02

Thanks re: housebuilders @Porsche1945, I'll take another look.

So it didn't take long for HL to fall under £8 again! The shares seem to have been badly hit by the Silicon Valley Bank story, although seems overdone for HL when they are mostly an investment provider and hold no debts. AJ Bell who operate a similar business were hardly hit at all by the news.

From a charting point of view the next target looks to be the 735p low from Oct 2022 as all other support has failed.

[bend1pa] 11/3/2023 10:37

"raising rates into a recession is unheard of..."
=================================================
Firstly, we are not in a recession - yet, despite most economic pundits saying we would have been in one by now. Secondly, interest rates were raised during Thatcher's early period (early 80s) while manufacturing industry in the UK was undergoing a serious recession.

[jubberjim] 10/3/2023 14:00

Thanks will do

[wilksey1] 10/3/2023 13:57

try this site think its there

[jubberjim] 10/3/2023 13:44

Silly question possibly

At what time GMT are jobless figures out please

Thanks

[porsche1945] 10/3/2023 10:46

@ Ochs….the property thing is really just getting started, it’s a bigger picture than just the interest rates, the U.K. economy is shot to pieces, weak sterling always sucking in inflation, capital because of brexit has been flooding OUT of U.K. since 2016, end of help to buy which was creating crazy distortions anyway, cost of living endlessly rising, I actually think what will happen this time is worse than 08, raising rates into a recession is unheard of and 800,000 mortgages rolling off fixed rate by June will creat massive issues, property cycles are on average 7/8 years and we are 12 months into this downturn. The capital builders have on their balance sheets is really not that great and would be vaporised pretty quick when prices really go negative. Iv made good money on IG Index on Persimmon, bought puts at 22.80, should have started sooner but they are seriously in the money. Still plenty of time to get in.