Hargreaves Lansdown Share Discussion Threads

[giltedge1] 20/5/2023 15:15

Hello Ochs,I think we have to look at big picture. Floated 2008 round about £ 1.50 now £ 8.00 in 15 years 5x + divs, say 8x (Compare BT, VOD, LLOY all down). FUA at floating £8B now £132B, customers over 1 Million. Looks good once you step back from short term noise. Sure bumps on the way, Fund lists are tip sheets. Lawyers & FCA cannot prosecute because that is what they are, not advice.

[ochs] 20/5/2023 12:52

@giltedge1, I agree with much you say, but the big problem with the share price at present is the Woodford saga still hanging over it - seems the market won't re-rate until it is finally put to bed.

My other concern is that where the market has generally recovered very well from the mid-March lows (for example Germany reached all time highs yesterday and the Nasdaq is now above the highs from Aug 2022) the HL share price is hardly changed from March - and therefore if there were to be a general market correction HL could be in danger of falling below previous lows and perhaps under £7 or worse!

[lippy4] 20/5/2023 12:33

hl is going down the road of ai and now trying to deal with them on the phone has become very long to get to talk to a dealer,i was always happy to pay more as their service was excellent,not any more..

i complained and of course it goes over their head,ai stinks and their service does now..i see there is a article about it in the telegraph financials today..

[giltedge1] 20/5/2023 12:04

Looks good value UK No. 1 Broker, at £8 & 5% growing yield, I last sold higher, will buy back. Great beneficiary from high interest rates & passes on rates to savers, unlike Barclays, Lloyds etc. These savers will buy shares/funds when interest rates drop. Should benefit from IT spend, less workers required. Founder shareholders putting pressure on Management to improve. Low cost base, one office in Bristol, main expense staff which can be trimmed. One to add.

[jubberjim] 17/5/2023 09:09

Here's a tip

If you are going with A.I
Have a good think about it and if and when you do decide make sure the systems work

Absolutely rubbish at moment.

Yet again no updates

[ochs] 16/5/2023 20:23

Entertaining chat with Peter Hargreaves over lunch, well worth a read!

[lomax99] 04/5/2023 18:29

Ben Williams, Shore Capital:'We continue to see HL as a cheap share, with the nature of the new client experience, and of the quantum of cost savings planned both being misunderstood by the market,' he added.Https://citywire.com/investment-trust-insider/news/hargreaves-lansdown-shares-rise-after-strong-third-quarter/a2416061?re=108585&refea=1746813

[lomax99] 04/5/2023 11:29

No need for a correction, that figure I gave was clearly the YTD figure, and it was 23% up on the prior year comparative.

[ochs] 04/5/2023 10:16

Indeed, and the market has for once taken the update positively!

Slight correction @lomax99, revenue for Q3 was £188.1m (up from £146.9m 2022) and the £538.1m figure is for the 9 month period (Q1 to Q3). This statement is very positive for the bottom line "continuation of the increase in net interest margin, which MORE than offset the impact from the reduction in share dealing volumes and lower average asset values during the period." Plus another 0.25% increase is expected from the BoE next Thursday (11th).

Shame they've not also provided anything for the final tax year end period of 1 April to 5 April. You'd assume those figures would also have been good when compared to 2022?

[saltaire111] 04/5/2023 07:55

Trading update is good.

[lomax99] 04/5/2023 07:49

Solid quarter's performance. AUM £132bn, Active Savings now up to £7bn. Revenue at £538m, up 23% on Q3 FY22.

[giltedge1] 28/4/2023 19:35

UK No 1 Brokers & give their clients much better interest rates than Banks. These new customers will eventually buy shares & funds.
With founders putting pressure on management, for improved performance, no debt & markets moving higher, interesting buy.

[jubberjim] 27/4/2023 09:41

Screens frozen again not updating.
Suppose it is one way of stopping your share price from being cratering

I can see more and more investors jumping ship

[jubberjim] 13/4/2023 07:05

Anyone else having problems logging in to their account this am

[action] 05/4/2023 13:00

Based on fees hl charges and ig charges. Hl too expensive

[action] 05/4/2023 12:55

760p again. I recon further to fall b4 founders accept bid or invite one.

[stoopid] 31/3/2023 19:22

https://www.fool.co.uk/2023/03/28/this-stock-could-be-one-of-the-ftse-100s-greatest-bargains/

[ochs] 28/3/2023 16:21

I'm liking the look of CMC for Spreads, just opened a demo account.

[action] 28/3/2023 10:12

Ig no charges for platform fees and if you deal 3 deals for a month, next month deal fee is £3.

[action] 28/3/2023 10:11

Ig is ok for uk stock. May be Tradezero for us market. Hl too expensive for day trading.

[action] 28/3/2023 09:11

Hl reserves the right to delay cash withdrawal by 8 days.

[ochs] 22/3/2023 21:58

It was 6pm London time - 0.25% increase, pretty much as expected. US Markets fell sharply after Powell spoke in the press conference.

[jubberjim] 22/3/2023 11:24

When will Fed announce their decision re interest rates

Is it later on after the European markets have closed

Don t see much happening here or in USA which is bad news for broking companies

Wide spreads are no incentive to deal

Best just to watch and go back in when the uncertainty is removed