Hargreaves Lansdown Share Discussion Threads

[uhound] 08/11/2023 13:39

Plus a downgrade from UBS.

Happy to hold here!

[bend1pa] 08/11/2023 13:38

Sp still very much in a downtrend. No matter how the company is faring, sentiment has been dead against HL for most of this year, so little point in buying, until that changes.

There has been a bitter ongoing row between HL founder Peter Hargreaves and CEO Chris Hill who is due to retire soon, over the way the company has been managed during his tenure. No doubt that has affected sentiment, although latterly HL has performed well on the back of rising interest rates.

[ochs] 07/11/2023 11:52

@AdamB1978 so the share price has failed at the "bump" for now (752p), it tested 756p twice (Fri & Mon), but the highest closing price so far was 747p on Friday.

[adamb1978] 05/11/2023 09:39

Thanks Ochs

[ochs] 03/11/2023 15:49

@AdamB1978 - yes, there's a trend line from 944p summer high through the 835p Sept high and it looks like we would "bump" it at around 752p. That area could therefore provide resistance as additionally 748p was a previous low from March.

[eeza] 03/11/2023 11:37

Chart still showing lower lows and lower highs, however.

[adamb1978] 03/11/2023 11:26

Not a chartist but isnt there a clear diagonal downtrend line starting from around 925p in early summer which we *might* now be bumping up against or through?

[ochs] 03/11/2023 10:58

Attempting to fill the mid-Oct chart gap this morning, although dropping back again now. A weekly close above 738p would be bullish.

[giltedge1] 02/11/2023 21:46

IC comment today on HL, I have taken highlights.
Talk about missing the wood for the trees. Investment platform shares are trading at significant discounts, presenting a notable opportunity to buy into the sector, as more investors manage their own savings and pension pots. Despite headwinds, there is a healthy long-term outlook for the sector. The key secular trend of more and more people using do-it-yourself investment platforms shows few signs of abating. The regulatory environment is pushing consumers towards investing on the platforms, given the shift to defined contribution (DC) pension schemes and the growth of self-invested personal pensions (Sipps). Further, analysts argue that platforms are set to benefit from an ageing UK population, as investors need to put their money into the market for longer.Meanwhile analyst consensus, per FactSet, is for Hargreaves to grow AUA from £124bn in 2023 to £151bn in 2026. Peel Hunt analysts recently argued the business has “strong long-term prospects, which we do not believe are being fully reflected in the share price”. 

[ochs] 30/10/2023 20:07

Thanks @lomax99, appreciated. Nothing new, but an interesting read. Look forward to this year's AGM with interest!

[ochs] 30/10/2023 17:14

@Skinny thanks, can you or anyone post the story? - not much use behind the firewall.

[ochs] 29/10/2023 17:48

Noticed the outgoing CEO of St James Place invested £248k of his own money in their shares on Friday. If only an HL director would show some faith and do the same - arguably SJP have much bigger problems than HL and yet the CEO is happy to buy - and even rarer for an outgoing CEO to buy!

HL directors & PDMRs all seem to love their nil cost (no risk) options but none of them are willing to take a bit of risk and buy in the market at an 11 year low share price.

[ochs] 29/10/2023 17:44

Hello @Stoopid, I'm currently long but I think the Bear points would be as follows,

Risk of FCA fine over Woodford (of unknown £ amount) still hanging over the shares. Also potential further reputational risk to come if anything else creeps out from the woodwork.
Higher mortgage and other costs mean new business is slowing as clients generally have less money to invest in an ISA or SIPP each year.
HL fees are still seen as high compared to competitors (especially share dealing fees) so there's some risk of outflows - although so far that has not been an issue over the last few years. There's also risk to margin if fees do come down.
Competition from the US could increase and undercut big UK players like HL.

[stoopid] 27/10/2023 09:24

There seems to be a big short position against HL? Something like 5.5% Any particular reason why?

[lomax99] 26/10/2023 08:28

Citywire today:Buy 'deep value' Hargreaves Lansdown, says Shore CapitalShore Capital sees 'deep value' in Hargreaves Lansdown (HL) shares as they slide to 2012 levels.Analyst Vivek Raja retained his 'buy' recommendation on the Citywire Elite Companies A-rated stock, which was trading at 691p on Wednesday.He said it has been a 'torrid time' for shareholders of the UK's biggest investment platform, and 'the last time the share price was at this level it was 2012 when earnings per share was less than half its current level'.'There is now nothing implied in the valuation for growth, following a sharp deceleration in flows since the interest rate tightening cycle began, while the market has latterly become more concerned about the sustainability of interest income generation,' said Raja.'Acknowledging the likelihood over the next couple of years of limited progression in earnings per share, exacerbated by platform investment, we continue to see deep value in Hargreaves Lansdown shares.'

[ochs] 25/10/2023 12:20

Although xd not until 16/11 - so plenty of time to buy - if you dare!

[action] 25/10/2023 08:42

Exd nearing 650p.

[action] 25/10/2023 08:42

All fund managers in general are down.

[ochs] 23/10/2023 17:46

Who told you the Gov is applying pressure? Got any evidence of that?

[sunshine today] 23/10/2023 13:18

The revenue on cash amounted to a whopping £268.7m of its total turnover of £735.1m for the year.19 Sept 2023.

[sunshine today] 23/10/2023 13:16

Ochs

Any business that is making a huge slice of its profits in this manner is doomed.

It’s totally unethical

It’s sly and just like the banks the government is applying pressure

Rightly so