Hargreaves Lansdown Share Discussion Threads

[lomax99] 05/7/2018 08:38

Only just over a month to go until the results....

Nucleus, a comparative tiddler, is due to float later this month. It operates an independent wrap platform serving the IFA market (2,200 advisor users, £14.3bn AUA and 90,000 customers):



Of interest is the growth Fundscape anticipates in the advised platform market over the next few years:

'Platforms as a tool for retail distribution of financial products have become increasingly important. Accordingly, between 2012 and 2017, total AUA across the advised platform market grew at a compound annual growth rate of 23 per cent., to reach £350 billion. AUA is projected to grow by a further 113 per cent. to £745 billion by 31 December 2021 (Source: Fundscape Platform Market Report Q3 2017's 'Realistic Channel Projections').'

[stewart64] 23/6/2018 09:58

They have finally got around to acknowledging prices are incorrect but only on the individual share analysis and not on the summary page. Not sure why it has taken 24 hours to let customers know. The 15 minute delay price was wrong all yesterday.

[jamtin] 23/6/2018 00:51

Same for me as well. Pretty poor that they haven't put a message or pop up on their site to advise clients. I checked their twitter feed but that had no mention either.

[norland1] 22/6/2018 19:04

Disgraceful. Tried to phone them but they have left their posts. Could have at least left some sort of message. Took me a while to see a problem. Thought I was losing it and thats before Friday night bevvy.

[bashor] 22/6/2018 17:32

Stewart same here

[stewart64] 22/6/2018 17:10

Hargreaves may be having IT problems...15 minute delay price has been yesterday's close all day on my account. Now Market is closed I am just getting yestetday's close. Anybody else?

[brahmsnliszt] 13/6/2018 11:04

classic breakout from a 4 year consolidation box

[brahmsnliszt] 12/6/2018 09:51

Homing in on £20. Looking good

[beercapafn] 08/6/2018 16:07

Yes. I dont see a moving argument as to why.. What are the benifits for me and my accounts.

[stewart64] 08/6/2018 15:48

Those one million investors are about to have to change their passwords, a password and a code for online. Just had my notification today.

[lomax99] 02/6/2018 10:35

The Times today, Share of the week: Hargreaves Lansdown


About 1 million of us invest our savings with Hargreaves Lansdown, the online wealth manager. Yet should we be buying shares in the company?

Competition has been hotting up among investing platforms and supermarkets — the websites where savers can buy and sell shares, funds and other investments. AJ Bell, the investment services company that owns the Youinvest platform, has reported record growth in customers and revenue, and is preparing for a stock market flotation later this year. Newer platforms such as Nutmeg and Moneyfarm have attracted investment from large asset managers and insurers.

With rising longevity, and the onus on us to save and provide for ourselves, coupled with the high cost of investment advice, it is likely that more people will turn to these online sites.

There are more than 20 platforms for investors to choose from. Hargreaves’s Vantage platform is the market leader, holding the largest slice of savers’ assets, while Barclays Smart Investor is second.

The business
Hargreaves Lansdown was founded by the accountants Peter Hargreaves and Stephen Lansdown in 1981 in Bristol, offering advice on investing in unit trusts and tax matters. The company grew into an online stockbroker and listed on the stock exchange in 2007. At the time, lack of a peer group made pricing Hargreaves Lansdown’s shares tricky. Both founders are now billionaires.

The industry has ballooned and so has Hargreaves; it looks after £86 billion on behalf of its 1.015 million customers and is part of the FTSE 100. It has a market capitalisation of £9 billion. Alongside the investment platform business, it has a range of multi-manager investment funds, a foreign currency transfer service and a corporate division, which administers company pensions and invests charity assets. It is also known for its Wealth 150 list of the investment funds that it believes have the brightest outlook.

Hargreaves has ambitious plans. It says there is £1 trillion of wealth in the UK that it could take a chunk of, and it is aiming to compete in the cash savings market with Active Savings, a service that offers interest-paying deposit accounts from banks and building societies.


The outlook
Milena Mileva, manager of the Baillie Gifford UK Growth fund, believes Hargreaves Lansdown’s star is rising. “The best is yet to come. People think of it only in terms of its consumer platform, but it is playing a much bigger game. It is starting to expand into other areas such as financial advice. Hargreaves has a huge number of loyal customers.”

Reporting its results for the six months to the end of 2017, Hargreaves said problems at a rival platform helped it bring in £3.34 billion of new business and 61,000 customers. This was probably a reference to Barclays Stockbrokers, which botched the launch of its new Smart Investing service. Hargreaves’s revenue came in slightly ahead of analyst expectations at £216 million. However, the company sounded a cautious note with the chief executive, Chris Hill, stating that new business would be influenced by the “geopolitical backdrop and Brexit uncertainty”.

Shares in Hargreaves have more than doubled in value in the past five years and yield 1.55 per cent. At a price-earnings ratio of 42 (the market price of the stock divided by its earnings per share) they are not cheap. Some analysts argue that an overly optimistic outlook is being priced in. The Financial Conduct Authority (FCA), the City regulator, has been scrutinising investment platforms and has concerns about value for money in the industry. “We are conscious of increasing competitive pressures and possible regulatory intrusion from the FCA,” say analysts at Liberum, the investment bank, which rates Hargreaves a “sell”.

Analysts at Peel Hunt, the broker, say Hargreaves is a unique business and that its long-term prospects justify the shares’ valuation. Nevertheless it has rated it a “hold”.

Verdict
Hargreaves is a dominant player in a growing industry and the shares have done well lately. If recent dips in price continue, the company may also present a buying opportunity. Hold.

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I wonder just how many have not invested while waiting to BTD, I will be adding further if we do get a dip, I just hope that those who do wait actually get the opportunity before the share price continues it’s ascent.... Looking forward to YE results.

[spob] 20/5/2018 18:14

sleep at night share

maybe if the pe ratio was 15 rather than 38

[broadwood] 16/5/2018 16:39

All time high - sleep at night share.

[broadwood] 16/5/2018 16:33

Second day of strong demand after those results.

No punters on this unloved thread which obviously goes under the radar.

[lomax99] 11/5/2018 06:17

Rising nicely, trading statement due on Tuesday. New highs on the horizon....

[gregpeck7] 02/2/2018 14:14

Way overvalued.

[lomax99] 02/2/2018 07:51

Good appointment, half year results on Tuesday.

[brahmsnliszt] 13/12/2017 21:37

A breakout, good volume, and a quiet BB
Great ingredients.

[lomax99] 13/12/2017 13:26

Yes, new highs, roll on the interim results on 6th February.

[chester] 13/12/2017 13:23

Continuing with the breakout. Decent Volume too.

[lomax99] 17/11/2017 08:20

Congratulations to HL, who have just crossed the 1M client mark:



Roll on the next million!

[luckymouse] 25/10/2017 15:15

Monthly view - poss nice 1000 pt slow play here with chart showing hidden bullish divergence

[lomax99] 16/8/2017 08:15

Very good results from HL.

The goal is the wider investment market. HL have 38% of the execution only UK D2C platform market (total £190bn), only 7% of the Private Wealth market (total £1.1tn) and only 3% of the Private wealth and cash market (total £2.4tn).

Lombard, FT, bemoans the delay in their 'Active savings' initiative (which is hardly surprising when you need to rely on banks IT systems to deliver in a timely manner...), they also question the margins - surely the main point of the exercise is to introduce new funds/clients to HL, with the intention of ultimately seducing them with other mutually beneficial products (i.e. margin enhancing, ideally particularly to HL funds, which grew revenues by 28% last year, and benefits from significantly higher margins 70-75bps compared to 40-41bps for other funds), after all the savings rates achievable are low......