Hargreaves Lansdown Share Discussion Threads

[lomax99] 21/6/2023 13:13

We are also nearly half way through the IT transformation timeline, special dividends should re-appear in FY 24/25.

[giltedge1] 21/6/2023 12:41

Most HL clients hold US stocks, so gains either way, also take a cut on FX. Also a lot of clients have SIPPS so want comfort of security. HL has a load of cash on balance sheet should get 4% return on this. Active savings doing well, so I am hopeful!, get 5% while I wait.

[ochs] 21/6/2023 11:44

@Porsche1945 I take your points about the UK domestic economy. Do you have a view on Whitbread? It's still holding up remarkably well, mainly due to outperforming the hotel sector in general. I'm currently short, and tempted to get in deeper as surely the share price will suffer at some point?

[porsche1945] 21/6/2023 11:14

Builders, financials….anything related to domestic uk economy is getting pasted….I think there is going to be a full on hardcore recession/credit event…..it writes itself…..I just can’t see how this isn’t far far worse than 08/2012 period, credit junkie population getting vaporised by parabolic rates and inflation, something has to give, and the uk started this in bad shape anyway with brexit imbeciles in charge, the route of least resistance will be house prices so expect -30 pc there. We will see if I’m right, Iv pretty much called it bang on for 18 months plus and done well on my builders shorts. It looks like a blow off top in my US tech, prices are crazy, have been unloading those. Rest of market underneath hasn’t moved tbh. HL won’t recover, it’s had its day.

[ochs] 21/6/2023 10:23

HL shares have had a shocker in the past week after staging a very encouraging recovering out of the tight March to May trading range.

Looking at the charts I was expecting support around 796p as that was the 62% Fibonacci of the 874p June high to 748p March low, but we whizzed past there 1st thing this morning. The next support is 778.5p which is the significant low from 25 May. We appear to have bounced from just above there - for now at least!

[jubberjim] 14/6/2023 17:03

They were first class

No sadly second rate

Am amazed at rise in share price but similarly to Abdn rise

Share buy backs account for Abdn but here I haven t a clue

They are not a patch on what was a good broker

Standards have dropped

Was a time I would have bought and held sadly no more

Markets clueless !

I feel right at home n

[montyhedge] 13/6/2023 17:55

Interactive Investor pays 2.25% on cash in your account.Cheaper commission and dividends paid on time.Best broker I have used.

[ochs] 13/6/2023 17:24

I use ii, but hold shares in HL!

[wolansm] 13/6/2023 14:43

Can any one recommend a better broker than this mob

[the bug] 09/6/2023 10:09

I do like it that they have made an effort lowering fees. Junior ISAs are now free, reduced fees on LISAs plus reinvesting dividends is now free in all ISAs and SIPPs.

[mngf] 08/6/2023 21:29

Can you elaborate? Always been great service to me. I never have to call, just message and they reply next day

[stoopid] 07/6/2023 18:20

https://citywire.com/investment-trust-insider/news/hargreaves-lansdown-shares-rise-after-strong-third-quarter/a2416061?re=108585&refea=1746813Unloved and undervalued atm. Active savings is going to do well/is doing well.Revenue has increased, customer retention is high and Divi will be increased.

[jubberjim] 05/6/2023 16:36

I seen somewhere that Hargreaves were interested in going down the A.I route

I would suggest that they utilise Any Intelligence before venturing any further into it

What has happened to the service it used to provide

It is absolutely dire at the moment.

[jubberjim] 05/6/2023 13:32

Looking at the lack of movements across all shares do not see much headway for any of the brokers

Sold my Abdn this morning on that premise and doesn t look like it will improve near term

This one is on a watching brief but remaining wary

Prefer to hold cash at moment

[giltedge1] 02/6/2023 14:18

Talk of comparison with gilt yield misplaced, gilt yield 4.2%, HL yields 5%, but also reinvests another 5% in business, so thats 10% earnings yield.Also when IT upgrade finished, more special dividends. Sure riskier than gilts but adequate reward.

[giltedge1] 26/5/2023 12:42

Bought back at £7.95 looks good value No. 1 Broker & 5% yield, net cash on Balance sheet.

[ochs] 25/5/2023 12:51

Strong half-year results from AJ Bell this morning (to 31/3) - turnover up 37%, pre-tax profit up 61%, and margin up from 34.6% to 40.4% - with dividend up 26%. Although net inflows were down from £3b to £2b.

[ochs] 25/5/2023 11:24

@Porsche1945, I get your point about BP, Shell etc holding up FTSE, but if interest rates keep going up as you suggest that does benefit HL due to their high cash margin - as their clients get increasingly nervous about markets even more will probably hold cash.

[porsche1945] 25/5/2023 11:15

This will re test lows, can’t hold any gains. U.K. interest rates heading towards 6/7pc plus as core inflation still rising, nightmare, why take the risk with stocks paying 5 pc dividend when you can get same and more with U.K. gilts. The whole of the ftse now held up by 4 shares, the rest either at multi year lows or leaving the index to list in the US, when those four roll over you could be looking at 5400…watch this space. Builders have been a fantastic short, as I said, that will continue. Expect to see them halve again, brexit basket case U.K. ( even that 🤡 Farage now admitting it’s been a disaster ) in the shxt. Don’t bother to reply Jubberjim, just keep going to the adult learning centre, there a good little chap.

[lomax99] 25/5/2023 09:37

Yield back above 5%, will be adding from the low £7's down.

[ochs] 24/5/2023 10:40

@giltedge1 today is a good example of my concern for the HL share price since March - we fall when markets fall, but we failed to rise since mid-March when markets (espec Germany and UK) have been doing very well.

[ochs] 24/5/2023 07:55

Yes, its a great money making machine, and would be a sensible fit for a big UK bank, or foreign competitor or Private Equity.

One correction from your post - HL definitely do pay bonuses, but perhaps not to excess like some banks have in the past.

[giltedge1] 23/5/2023 15:48

Makes great margin on cash deposits, shows what a great profit Lloyd's, Barclays make, but they waste on staff bonuses, branch network etc. Wheres HL has one office on Bristol & no bonuses. Just checked interim report more customers than thought 1.8 m & great cash flow if you add back change in working capital & strategic spend about £190m in 6 months. Would make a great fit for a big Bank Barclays for example with founders cooperation of course.

[ochs] 23/5/2023 11:23

Fingers crossed, I certainly think it will be hard for the FCA to take action against HL. Surely if they were planning to they'd have done it at same time as Link?

High markets at present are great for monthly percentage fee income on funds, plus higher interest rates go straight to the bottom line with the £billions of cash held.