Hargreaves Lansdown Share Discussion Threads

[giltedge1] 13/7/2023 09:35

HL is not a wealth manager is a depositary & toll business. Everytime you trade, takes a cut, funds held, takes a commission, & cash from investors or its own cash puts on deposit at now 6%, 'money for old rope'. All from one office in Bristol.

[tenapen] 12/7/2023 15:59

He's gone.

The only way is Up !

[dickbush] 12/7/2023 12:43

If every broker or "wealth manager" was sued every time a recommendation lost money for a client, there wouldn't be any left.

Old saying.

"Want to make a small fortune in the stock market? Give a large fortune to a stock broker."

[tenapen] 09/7/2023 06:19

I'm guessing you don't like HL.

Hahahaha


Mr Hunts Mansion House speech 'could' be positive ..... We will see.

[ochs] 03/7/2023 10:14

Indeed, also when you look at how high German and US markets are that all feeds through to the bottom line as percentage fees on funds are taken monthly, so will be higher in £s as markets remain elevated.

[giltedge1] 03/7/2023 08:33

Seems undervalued in market based on being market leader, success of active savings & cash on balance sheet. Should be able to cut admin costs as well going forward.

[thomstar] 30/6/2023 10:43

I see hardon pantsdown are doing well today

[stoopid] 28/6/2023 13:07

Active savings will be making them a lot. Bet the inflows are large....

[action] 27/6/2023 18:49

Looking interesting. Still waiting for July23.

[lomax99] 27/6/2023 17:30

Yes, it's been a disaster, first multiple, easy access platform, and they only been able to attract have nearly £7Bn under management :)

[dickbush] 27/6/2023 16:26

New product coming, Global Corporate Bond, which can go into ISA's and SIPP's as well as taxable funds. A nice little earner for HL.

[ochs] 27/6/2023 12:22

Yes, do you know if that's something they plan to offer? Assume you can't use it in an ISA either?

[techno20] 26/6/2023 21:44

Trouble is you can’t use Active Savings in a SIPP.

[ochs] 26/6/2023 19:39

HL are offering better rates - have you ever had a look at Active Savings? It's a great way of encouraging clients who decide to come out of the markets to stay with HL and get a decent return on their cash - much like the Vantage service for funds/shares clients can change between different savings providers (ie. banks/building societies) within the HL Active Savings service. HL get paid a fee by the banks, so don't charge the client.

[jubberjim] 26/6/2023 17:35

My view is that caution will prevail more and more investors will be staying on sidelines and conserving cash

Hargreaves will have to offer ever more better rates to entice those investors to stay because to be quite frank the service they offer has disintegrated in the last 4 years.

More competition for those funds but applies across all front facing broking services hence down on Abdn and Ajb

Will continue to avoid and treat with caution

[ochs] 25/6/2023 20:46

@jubberjim if anything events in Russia could have led to a market rally if Putin had been overthrown, due to hope of a ceasefire in Ukraine. As it now seems like he'll continue I can't see it making much difference on Monday.

[jubberjim] 24/6/2023 19:11

Fear?

And past form in my experience.

No one will be in any hurry to deal and will be very surprised and happy if proven wrong but past experience colours my thinking.

Not too long until results but not holding my breath or Hargreaves Landsdown shares for that matter will look again at eow all being well

Keep the faith but keep liquidity too

[stoopid] 24/6/2023 18:53

What news? What are you waffling on about? Russia?

[jubberjim] 24/6/2023 18:29

News coming out over the weekend leads me to believe that Hargreaves might just be going missing along with other well respected(?) Brokers first thing Monday morning

Think previous support will be taken out.

But think lots of shares particularly financials will be suffering the same fate so stay a look ert and liquid.

Really hope events of this weekend will lead to swift resolution of conflict but we can but hope

Staying in cash for foreseeable future but invested elsewhere as find HL lamentable at moment .

[ochs] 21/6/2023 14:12

@giltedge1 how do you know "most HL clients hold US stocks" - have they provided figures to confirm this? Agree with you about the cash side of things, and base rate likely to go up at least another 0.25% tomorrow.

HL year end is 30 June, so if no RNS around this time we can assume full year results will be in line with expectations.

[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?