Hargreaves Lansdown Share Discussion Threads

[broadwood] 19/5/2016 08:17

Financial services firm Hargreaves Landsdown (HL) said assets under administration rose 9% to £60.3bn in the four months to April 30, despite a quarter of investors saying uncertainty over Britain's EU membership was "reducing their propensity to invest".
Net inflows were down to £2.30bn from £2.75 billion in the same period last year, with cumulative total net inflows of £5.07bn in the ten months to April 30 compared with £5.00bn year on year.

Despite the "Brexit" uncertainty, total active clients rose 15% year on year to 822,000.

Chief executive Ian Gorham said the company had seen "strong new business and client growth for the period notwithstanding a challenging ISA season for the industry in the context of volatile market conditions, low investor confidence and 25% of investors quoting current uncertainty over EU membership as reducing their propensity to invest".

[mikeran] 03/2/2016 08:06

a predictable start from the City players- drop it and buy in , good scheme to make more money . Thank goodness HL is not BP

[broadwood] 03/2/2016 07:37

Excellent results in a very tricky period.

[mikeran] 02/2/2016 10:10

requests for info is one thing actually choosing to buy is another . The market players already have taken and continue to take their slice of Cake. the mistakes are written in by Government a continuing PPI, giving any of this to any institution to sell And some 14 billion scooped off as the GO revenue share and a large slice to the ambulance chasers who are still advertising . Hence the today share price on Llloyds see what the results bring both for LLoyds and HL this month. But I guess another slice of market speak " below market expectations.

[packman8] 01/2/2016 09:08

Is Lloyds sale now postponed going to affect HL due to over 1/4 million requests for info?

[mozy123] 15/1/2016 12:20

Hl is leveraged to the performance of its clients investments.

Ie same fixed costs but lower revenues (AUM) - squeeze margins.

plus a P/E ratio of 40 times seems overvalued since growth has slowed in recent years.

[par555] 15/1/2016 09:30

Share price down 16% in 2 weeks. Anyone any idea why ? I know the market has declined generally but not that much.

[broadwood] 09/12/2015 16:46

Hargreaves Lansdown has been the best-performing company in the FTSE 100 so far this year, data from the London Stock Exchange has shown.

The Bristol-based company grew by 44.86 per cent between 1 January and 8 December 2015.




Danny Cox, head of communications at Hargreaves Lansdown, suggested the company may have benefitted from the introduction of pension freedoms legislation, which came into effect on 6 April.

Mr Cox said: “Pension providers are still divided into those, such as HL, who want to give their clients the choice to exercise the freedoms, and those who were more worried about asset retention.”

According to Mr Cox, the firm has also shown financial strength because it is “diverse with great value products, has a good management team, a commitment to clients and innovation, excellent compliance controls and a strong brand”.

Background

During 2015, HL launched three multi-manager funds to add to its existing five. The company has more launches planned.

In 2016, it plans to launch its peer-to-peer marketplace and a cash-broking service to allow people access to different types of cash accounts with different banks and building societies through one

[losos] 15/10/2015 11:03

HL. have been gradually refining their operation over many years and they now appeal to a wide range of investors from the new (and not financially savvy) to the experienced (who just want a low cost, reliable, nominee service)and given that people are now being allowed to do what they want with their pensions it seems to me their client list will grow. There will of course always be competition and already I see firms 'getting on the bandwagon' but in my view HL. are ahead of the game.

[beercapafn] 15/10/2015 10:47

Broadwood. Can you remember what prices the upgrades were. ?

Thanks.

[broadwood] 15/10/2015 10:32

Two broker upgrades this am.

[top tips] 14/10/2015 16:39

Seems to be doing very well.

[losos] 17/9/2015 16:41

beercapafn - better check if Google and HL are live prices, I vaguely recall that HL prices are delayed. You may be right about the ADVFN business model but I do like to have their live graph up when dealing, I don't pay for the level 2 data but I think that is their main market now.

[beercapafn] 17/9/2015 16:09

I asked why we still get alerts when post id from filtered poster are filtered.

Someone said it is because the sales department of ADVFN quote the number of clicks to justify ad charges.

Just cancelled subs with ADVFN, Google and Hargreaves being such a quality providers of info.

I think ADVFN days business model are numbered.

Bye all. Beer.

[losos] 17/9/2015 15:47

beercapafn - "that would be great"

Agree, think they are a good business with scale and prospects.

[beercapafn] 17/9/2015 10:46

Looks like it it is going to make back the div drop today - that would be great.

[losos] 17/9/2015 10:39

beercapafn - The drop (as per normal) almost exactly equals the special and final dividend but interestingly although the share price shot up to apprx 1185 on the dividends announcement, it has gone up again on Tue / Wed this week. If you bought on the day the dividends announced and sold today you would get a small capital gain and the dividends. It's not that often you see that.

[beercapafn] 17/9/2015 08:21

Doh.. Thanks CWA1.

[cwa1] 17/9/2015 08:17

XD(almost 26p)

[beercapafn] 17/9/2015 08:14

Any reason for the drop this morning.

[broadwood] 09/9/2015 14:14

Numis upgraded Hargreaves Lansdown to 'add' from 'hold' and lifted its price target to 1,280p following the company's results, which it said showed a strong underlying performance.
Numis said the numbers were in line with forecasts in terms of profit, but the 18% growth in client assets was ahead of expectations.

It said Hargreaves continues to increase its market share in a structural growth market with its share of platform assets increasing to 35.0% from 33.6% and its share of ISA flows increasing from 10.9% to 14.1%.

"We continue to believe that HL justifies a significant premium valuation given its dominant market position in a growth segment of a growth market," Numis said.

Numis said the group's scale benefits are substantial and unmatched providing it with by far the highest operating margin and the buying power to provide the cheapest fund prices in the market.

"We expect the high marginal margin and industry growth to more than offset the expected ongoing industry price compression."

As far as the industry in general is concerned, it expects substantial growth due to the increase in self-investment and the shift from defined benefit pensions to defined contribution pensions.

In addition, it said auto-enrolment should significantly increase the proportion of the population with money to manage most of which will have to be done through self-invest platforms like HL due to the scale of these pension assets.

[broadwood] 09/9/2015 08:14

Its the AUM figure which the market likes a lot of which has been as a result of pension reforms.