Hargreaves Lansdown Share Discussion Threads

[action] 19/10/2023 08:39

Down 5.8%.

[robinnicolson] 19/10/2023 08:38

Now at a 10-year low.

[action] 19/10/2023 08:36

My exd target was 700p. This came with divi. To bite or not to bite that is the question.

[adamb1978] 19/10/2023 08:34

Stoopid

WE're in a market environment where you need to beat expectations in order for the share price to stay flat. There's much you can do as an investor in this scenario - either try to time the market both in moving to cash and then moving back in, or just checking that your companies are trading ok, have sensible balance sheets and cashflow etc.

Adam

[stoopid] 19/10/2023 08:25

I didn't think the trading update was that bad, I thought it was rather good considering the current climate.

[jubberjim] 18/10/2023 14:11

I hadn t realised Hl.were due to update tomorrow

Was aware of AJ Bell update tomorrow

Have stayed out for past few weks but have had a bit of brainstorm and gone long STJ Might have to pop into sock drawer if it doesn t pan out and looking at the lack of any meaningful movement over last few days am not at all hopeful

The market is scared and unwilling to jump one way or the other

Just keep collecting the dividends and avoid those banana skins
Good luck

[ochs] 17/10/2023 13:32

@Stoopid, what you do need to be aware of this week for HL is that there's a Q1 trading update on Thursday (19 Oct) - that will cover 1 July to 30 Sept.

Oh and I've just realised that rival AJ Bell have a full year trading update on the same day!

[stoopid] 16/10/2023 16:12

Meh, apologies, its CBG go ex this week... mix up....

[lomax99] 16/10/2023 13:30

Goes XD 16/11?

[stoopid] 16/10/2023 13:20

Ex divi tomorrow.....28.8p down.... Will be interesting to see if it recovers at all especially as up 2% today already strangely....

[ochs] 15/10/2023 15:51

Yes @lomax99 no read across at all, FCA are looking at exit fees and set up fees, HL don't do those and haven't for ages now.

[stoopid] 14/10/2023 22:14

Would only apply to the wealth management to business surely? None of the other current fee structures would be affected surely?

[lomax99] 13/10/2023 23:13

Https://citywire.com/investment-trust-insider/news/st-james-s-place-shares-plunge-as-fca-pressure-over-exit-fees-mounts/a2428019?re=113608&refea=1746813No read across here....

[ochs] 13/10/2023 11:31

This SJP thing seems an over-reaction as far as HL are concerned. HL are down 4% and yet AJB are only down 1.5%.

SJP are a different type business to HL, and it's been known for years that their advisory fees are inflated. Their shares are down over 16% today. Tempting looking yield of 7.65% so I've bought a few at 684.6p, as it seems overdone - especially as they haven't even made any decisions yet. I suspect it'll be a bit like HL in 2014 when the RDR came in for investment platforms... there was a reduction in charges, but that was soon made up for due to increased assets under management and more clients.

[tim 3] 13/10/2023 10:33

Just been on phone to them can't pay money in (via pay from bank) they said they had serious issues with website yesterday and could be continuing today.

[lomax99] 13/10/2023 10:11

Https://www.proactiveinvestors.co.uk/companies/news/1029594/city-analysts-cautious-on-hargreaves-lansdown-s-upcoming-quarterly-1029594.htmlTheir new share price target is 1250, only 69% above the current share price

[stoopid] 13/10/2023 08:28

Ah, yes, regulator has told them to sort out their charging structure. The FT are saying even the current small changes could knock 8% off 2024 earnings.Knock on effect and not good news I suppose as HL tries to build its own wealth business...

[thebutler] 13/10/2023 08:24

Might have something to do with its peer St James Place having issues with charges - see their RNS.

[stoopid] 13/10/2023 08:22

What's going on, down nearly 4% Can't find anything?

[techno20] 13/10/2023 08:22

Misguided collateral fallout from SJP announcement I’m guessing.

[scepticalinvestor] 13/10/2023 08:14

Why the fall?

[gemlotte55] 13/10/2023 08:06

Ex divi today?
No 19th November

[scepticalinvestor] 13/10/2023 08:04

Ex divi today?