Hargreaves Lansdown Share Discussion Threads

[porsche1945] 07/2/2020 08:45

Lets hope he doesn't sell anymore or they will be back to 12 quid

[ochs] 06/2/2020 19:49

In reply to eeza... Peter H is selling to institutions (not mug punters) who are likely to lap those £500m up at around £17 a share.

[ochs] 06/2/2020 19:48

In reply to GrowthPotential the sale of HL shares made by Dampier in May was all correct and above board - he didn't sell in a closed period and at that point both Woodford funds were still in the W50. I doubt Dampier was expecting Woodford to explode a few months later - more than likely he just saw how high the HL share price was and decided to cash in some of his chips (as most over 60s would if they were lucky enough to hold as many HL shares as he does!)

[eeza] 06/2/2020 18:14

Lol !!!

Hargreaves (Peter) wants you (the mug punters) to help him with his retirement plans.

Roll-up. Roll-up.

Bend over.

[lomax99] 06/2/2020 17:48

Today's RNS, after close, explains the weakness, looking to shift £500m/ c 6.2% of current MC.

[growthpotential] 06/2/2020 16:23

Still holding HL as this will be forgotten in the long run but I'm furious with dampier, absolutely fuming with him for selling before Woodford closes his funds...if there's any investigation it should be on him

[beercapafn] 06/2/2020 16:03

More than a bit harsh..

[lomax99] 04/2/2020 13:41

Liberum trims Hargreaves target price

Near-term issues are overshadowing the long-term potential at Hargreaves Lansdown (HL), says Liberum.

Analyst Rahim Karim reiterated his ‘buy’ recommendation but reduced the target price from £21.25 to £20.75 on the shares, which rose 1.6% to £17.52 yesterday.

Despite new business being lower than expected in a half-year trading update last week as the impact of the collapse of the Woodford Equity Income fund was felt, Friday’s drop in the shares ‘appears overdone’, said Karim.

‘With signs to suggest that the long-term damage from the Woodford suspension will be limited, we believe the shares fail to reflect the long-term value that the group’s position as the clear market leader in the direct-to-consumer platform market will create,’ he said.

[intelinvestor] 02/2/2020 13:37

“Back in 2003, China accounted for just 4% of global GDP. Fast forward to 2020, and its share has increased to 17%. That means the global spillover if China’s growth slumps will be larger.”

[intelinvestor] 02/2/2020 13:26

I wonder what Monday has to bring to the markets? With the Coronavirus affecting exports and impact beef and cattle trade adding to that Russia’s decision to close its more than 4,000km-long land border with China and will halt all direct flights to China from 2100 GMT on Friday, with the exception of those operated by its national airline. U.S. Imposes Entry Restrictions Over Coronavirus. They are in talks saying the global cost of the coronavirus could be three or four times that of the 2003 SARS outbreak that sapped the world’s economy by $40 billion, according to the economist who calculated that figure. Maybe another down day for the ftse100 bringing HL to a new 52 week low. Current share price 1725, 52 Week low 1624 which is 5.8% difference. Where would the next support be?

[growthpotential] 31/1/2020 18:21

More and more people are DIY investors or will need financial advice. That's a secular growth story. HL has the best infrastructure and connectivity and well placed to offer that platform to investors

[peter27] 31/1/2020 17:26

HL has an overly complex accounting system which is why I have taken business away from them. Other brokers just have one account for capital and income which is much easier to use.

[robinnicolson] 31/1/2020 15:23

Morgan Stanley research note:

"HL's Quarter-to-December update reports weak flows and new customer numbers and a low quality PBT beat driven by costs. We expect shares to reflect weaker organic growth. GBP 0.6 billion of net flows in Quarter to December (approximately 2 percent annualised flow rate) in line with Morgan Stanley but significantly below consensus at GBP 1.3 billion. Furthermore, we expect approximately half of these flows are into the lower margin Active Savings product where AUM has increased by GBP 0.3 billion, therefore implying only one percent flow rate ex. Active Savings. Number of new clients for H1 was 50k which implies only approximately 15k in Quarter-to-December after approximately 35k the previous quarter, which also reads weak to us. Revenues of GBP 258 million was also light versus consensus GBP 260 million despite AUM in line, suggesting some margin compression, which we suspect comes from the mix of flows. Funds margin has come in just below guidance of 40-42 bps and margins on Shares drifting lower in the guidance range. This was offset by stronger cash margins. PBT of GBP 170 million was one percent ahead of consensus, driven by better cost which we think is less sustainable. Management points to structural growth drivers and pick up in investor confidence into 2020 but notably results suggest HL losing share to peers given reporting so far, reflecting the Woodford event and increasing competition. The share is trading at approximately 30x 2020e PE."

[ochs] 31/1/2020 12:15

In reply to robinnicolson... I note from the statement that net new business was £1.7b for the 3 months to 30 Sept, but down to £0.6b for 3 months to 31 Dec. Although at the end of the statement it's noted that client activity has generally picked up since the election (12 Dec), and they say "we have seen a pick-up in activity as we have moved into January 2020." This all bodes well for the important end of tax year period.

[ochs] 31/1/2020 11:34

It's always surprised me that HL have never got involved in sports or other types of sponsorship. I know it's expensive, but it's a great way to get your brand and name out there - if they want to push on and tap the £2.4tn then they really need to become a household name for more than just Woodford!

[lomax99] 31/1/2020 08:59

They need to step up their targeted marketing if they are to tap meaningful inroads, over a period, into the ten-fold+ quantum leap between the £235m DTC market and the £2.4tn 'Addressable Wealth and Cash' market shown on the Venn diagram on slide 13 of the Interim Results 2020 Analyst Presentation available on their website. (For Cash think Active Savings, as an intro to their platform).

[robinnicolson] 31/1/2020 08:33

HL net new business of £2.3 billion was below analyst expectations apparently, hence the share price drop at the opening.

[mac15] 31/1/2020 07:42

Good report and pitched about right. Increased dividend and good figures. Reaction to presentation at 9am crucial to share price

[lomax99] 31/1/2020 07:25

Solid update, pleased to see they are making ongoing progress in the underlying business.

Good to see Active Savings gaining momentum, a novel product which should be marketed more to attract both new, and existing, clients.

[lomax99] 29/1/2020 15:40

Expect robust numbers, which hopefully will be recognised as such over background noise.

[mac15] 29/1/2020 15:05

SP Still holding up. There was a lot of stock out for shorting these and there was some very erratic price swings which seemed abnormal. Maybe shorters are poised for any weak statements on Friday. I am holder but won’t blame someone else if I get caught in a share price plunge on Friday! Hopefully it will be “business as usual” and no nasty surprises.

[ochs] 28/1/2020 21:18

I suspect they are still doing very well despite the loss of fee income on Woodford and the negative publicity. As a holder the question is will the divi keep on rising? Fingers crossed as that will be a sign of confidence for the future.

I doubt they will say anything about Class Actions as it seems unlikely and they wouldn't want to stoke things. I think the update will be very much business as usual.

[mac15] 28/1/2020 16:59

Sp recovering well before Friday results. Hopefully not to big a hit due to Woodford and Hl make a robust defence on how they are going to deal with possible class Actions. Election must have helped direct a wall,of money into Sipps and expect very favourable to HL.

[ochs] 22/1/2020 12:29

Thanks. Makes sense to sell it at this point to avoid any risk of being accused of conflicts of interest. I wonder what the price tag was?