Hargreaves Lansdown Share Discussion Threads

[dickbush] 22/5/2024 21:26

FWIW I, too, believe, this bid is derisory. £14/15 looks a minimum given the ratings of competitors.

[dickbush] 22/5/2024 20:13

Shareholders

Peter Hargreaves 93,838,474 19.78 %

Lindsell Train Ltd. 56,874,459 11.99 %

Stephen Philip Lansdown 27,087,419 5.711 %

Baillie Gifford & Co.23,517,973 4.958 %

The Vanguard Group, Inc. 14,827,238 3.126 %

BlackRock Investment Management (UK) Ltd. 14,677,495 3.094 %

Liontrust Investment Partners LLP 12,385,345 2.611 %

Metropolis Capital Ltd. 10,861,123 2.290 %

BlackRock Fund Advisors 7,827,000 1.650 %

UBS Asset Management (UK) Ltd.7,184,417 1.515 %

[adamb1978] 22/5/2024 19:58

I think the founders will be looking back at the c.1500p price a couple years ago and not sell out now. They don't need the cash, will be picking up piles of divis and will expect the price to get back there. It feels massively opportunistic from the funds

[stoopid] 22/5/2024 19:33

There will have been some big time info leakage around the 26th April regarding that approach and offer.Coincidently, that's exactly the same day as HL started it's meteoric rise from the depths of about 730...

[yf23_1] 22/5/2024 18:41

It costs a lot of money to acquire clients, especially 'sticky' clients and HL. has a lot of them.

[oggyrocks] 22/5/2024 18:38

What would people expect for this ? £11 or more ? Shorts will be closing tomorrow so that will boost price.

Only have a smallish position here - but this makes it more exciting. Bought at just over £8 per share.

GLA

[barnes4] 22/5/2024 18:32

The Arabs will improve it am sure
Scandalous that this was leaked yesterday all those late trades of yesterday and today should be investigated and people prosecuted

[adamb1978] 22/5/2024 18:32

I believe Mr H and Mr L own over 50% of the company so zero chance anything in that vague area gets done surely.

Equally given the funds will have got their investment committees to approve a 985p offer, I think it'll be hard for them to get those same committees to approve a price at the sort of level needed purely from an emotional perspective i.e. the feeling of being 'had'.

I'd be amazed if this goes anywhere

[lomax99] 22/5/2024 18:30

£9.85 is derisory.

[oggyrocks] 22/5/2024 18:23

Should make for an interesting day tomorrow.

[adamb1978] 22/5/2024 18:11

See RNS!

CVC approached with an offer of 985p in late April

Need to increase that substantially

[eigthwonder] 22/5/2024 16:58

HL goes Game Stop!

[giltedge1] 22/5/2024 16:47

Repeat of yesterday, slow start & then sudden spike. Short closing or M&A?. M&A only acquiror Charles Schwab with firepower, scrip offer. My guess short closing made a real hash of closing positions. Holders can enjoy watching from the sidelines. I was hoping £10 by year end, but looks conservative now.

[ochs] 22/5/2024 16:41

Great late move again, the spike started at 3:45 today!

We've now taken out the July 2023 high at 944p, so next target is the Feb 2023 high of 1,024p.

[adamb1978] 22/5/2024 16:38

Who was rumoured as the acquiror?

[chester9] 22/5/2024 16:33

M&A vague speculation cited along with a no comment from HL.

[adamb1978] 21/5/2024 21:02

There were 3 consecutive peaks over 18-24 months which lined up nicely and a continuation of that trend was broken around 890p

[bend1pa] 21/5/2024 18:52

It's a big move in the final 2 hours of trading, which suggests to me that shorters are starting to panic. Do the hedge funds have secret meetings amongst themselves to decide what the next best strategy might be? Or are there some buy note/s about to be put out by some silly brokers (always late to the party).

We still haven't attained the the highs of the 940s yet, last seen briefly in Feb '23. If that's surpassed in the next few days they'll be more desperate covering by hedge funds.

[giltedge1] 21/5/2024 17:47

Myself & a few others have posted being short HL is dangerous a) free float not great because of founders & LT not sellers, have to buy 1 months turnover at 5% short b) rising markets help HL anyway already up I guess 8% AUA since 31/3. c) generally undervalued anyway compared to peers. Anyway if they want to continue to line my pockets I am not going to complain. I think they got careless as stock was down so long. The theoretical loss is infinite as price can keep rising forever. Whereas going long stock can only fall to zero, so loss contained.

[thomstar] 21/5/2024 17:19

The annual summer pop is on , hoping for 1000 plus

[eigthwonder] 21/5/2024 16:50

Lomax - shorters DON’t Hold 5%, they need to buy 5% to balance their books.