Hargreaves Lansdown Share Discussion Threads

[dickbush] 09/2/2024 07:37

I've been with HL for many years and, generally, the admin has been fine. I always get a reasonably quick response using Secure Messages within the account.

[bend1pa] 09/2/2024 01:55

I'm in the process of transferring my ISA to HL.

I must say as far as external emails go, their communication isn't that great. They failed to respond to a couple of queries I had before opening my account with them. However their charges seem very reasonable when you consider the interest they're currently paying on cash held in an ISA.

I'll have to see how responsive they are to email queries when logged in.

[rigsby68] 07/2/2024 22:07

good progress

[ochs] 06/2/2024 17:09

787p close today, so next target on the charts is 810p (50% level) & then 835.5p (Sept high).

[ochs] 05/2/2024 11:50

HL website actually shows Friday's close as 778.6p and the site I use for charting (CMC) shows 775.4p - so I don't think it's quite been broken - but it could well close above there today - and then 778.5p would indeed become a support level.

[evianone] 05/2/2024 11:36

Thanks Ochs,

Will bare all the above in mind, it closed on Friday at 7.85p so that's the first resistance level (38% Fib gone I presume?)

Looking strong again this morning hopefully 7.785p will become support on the down side

[ochs] 05/2/2024 10:44

Hello @evianone, I would still be a little bit cautious at this stage - I've been bitten by the HL share price too many times already over the past few years! On the charts 778.5p is a crucial resistance level (38% Fib) and an end of day close above 778.5p would be positive.

There is a risk that new business could have been weaker than expected in the 1st half - 1 July to 31 Dec, but most important will be forward guidance for the tax year end period.

HL currently make a good margin on cash, but that is coming under pressure from FCA and next move in UK rates could be down. Additionally they may reduce dealing fees at some point which could affect margins (at least in short term).

Final thing to be aware of is that US and Germany markets are currently at all time highs meaning should these begin to fall back the HL share price could suffer. Unlike the markets the HL share price is far from all time highs - but that won't stop it falling if there's a market correction.

[evianone] 05/2/2024 08:23

Wouldn't like to be short on this stock with interim results due on 22/2/24, still 7 funds are at 6.1% if they start to close their positions this hopefully will move strongly upwards, it looks like a bowl and cup forming o the charts,

Do we have any experts on shorting or charts for views?

I'm long so I may have blinkers on, have dipped my toes into this share as people are looking for better interest rates going forward by the form of dividend and the interest rates HL pay on savings account, they obviously will be obtaining a % of the rates from these companies, to me it looks like a recovery stock going forward.

[evianone] 02/2/2024 12:41

Chart is looking superb, if this breaks out it could pop, all moving averages moving nicely update in 20 days :-)

[eigthwonder] 01/2/2024 16:55

and comparing AJ Bell vs HL, for example, HL dealing price is usually an improvement on AJ Bell dealing price - of course other providers may beat HL - but the improvement can often mitigate any dealing cost disadvantages .

[mozy123] 01/2/2024 14:39

The best thing with HL is the low platform fees for ITs and Shares (£45pa) and free monthly dealing. Avoid the OEICs

It can be very competitive cost wise.

[ochs] 01/2/2024 13:29

Yes, but you seemed to be only focussing on new clients - a lot of new business comes from existing clients - that new business could be lost due to higher dealing fees.

[adamb1978] 01/2/2024 10:05

Ochs - that's exactly what I said. Its a problem with new business

[ochs] 01/2/2024 09:58

@AdamB1978 I agree with you about existing portfolios not moving, HOWEVER the high dealing fees are a big problem for ALL new business - and a lot of "new business" will be SIPP & ISA top ups from existing clients. Many people have accounts with more than one broker - for example a friend mentioned yesterday that despite having an existing ISA with HL, he'd put his 23/24 ISA with ii so he could buy the shares he wanted for £3-99 rather than £11-95.

This is a big problem as the market looks at new business numbers, and as with SJP last week it really can affect the share price. HL's new business figures could be poor this SIPP/ISA end of tax year season as existing clients choose to make extra SIPP/ISA payments to cheaper rivals.

[eigthwonder] 30/1/2024 22:27

got to be on the receiving end of a bid from global mega bank looking to buy a national leader at some point surely. And attractive yield to be had in the meantime. Woodie Income situation a caveat i guess of prospective buyers

[giltedge1] 30/1/2024 21:52

Yes if can break 778 will be a jump up as 7% short will need to cover.

[ochs] 30/1/2024 10:22

Looking strong atm. For those who follow the technicals there's an immediate resistance just above at 778.5p. This is the 38% Fibonacci of the 676p Oct low to 944p July 2023 high.

The share price is also challenging the Nov 2023 high of 773.5p today.

[adamb1978] 28/1/2024 22:25

re dealing charges: my view is that:

- few people churn from their broker due to dealing charges. The admin hassle, the inertia, the research needed to shave a few quid off per trade. Just don't see it as a big issue

- in my mind, its more an issue with new customers. There's no inertia and the prospective customer is looking for the best deal

So you can charge high, but your customer base will be a melting ice cube, not because of unnaturally high gross churn but because of lower sign ups

[yf23_1] 26/1/2024 17:06

Yes, but most people with a fair amount in their portfolio don't trade that much, and if they do I'm sure the few quid extra on dealing is not going to prove too demanding for say a 5k deal.

[boozey] 26/1/2024 13:45

CC2014, £3.99 a trade with II plus a few free trades every month...

[misterd1] 26/1/2024 10:49

I recall one budget measure was to make it both feasible and easier to move PART of your ISA or SIPP to an alternate supplier

To me this is a real risk as people could move bit by bit over a period of time

[giltedge1] 26/1/2024 09:56

On an upward path high beta stock, lots of room for cost cutting. Clients are sticky don't want to move £1 M Sipp to an app broker for example.

[ochs] 24/1/2024 14:13

Indeed, and if they dropped their standard dealing fee from £11-95 to £5-95 I suspect clients would generally trade more regularly and this would fairly quickly make up some of the shortfall.

[cc2014] 24/1/2024 13:45

The problem HL have is that the competition are squeezing them hard now because of their ridiculous pricing policy

£12 a trade vs £5 at most other places means they won't generate new customers and the churn is too much

The fund fee of 0.45% for open ended funds is nearly double elsewhere.