Hargreaves Lansdown Share Discussion Threads

[tim 3] 26/5/2022 16:17

Agree sell in May and go away likely to be spot on this year but still think at some point this year there will be a massive rally probably towards the end of the year.As for HL I keep an eye on them, quite like them they have a good platform but looking at the chart over the last year would definitely put me off buying until some sort of support is formed.Good luck those holding.

[jubberjim] 26/5/2022 15:25

Nervous nervosa here took my profits sold out RR HL. and SMT

will look to go again after Queens Jubilee Holiday if at all

Markets not making any sense so best to retire and watch from sidelines

Presently watching the Shenanigans with THG never understood it but is entertaining

all the best long term holders but thats it for me small profit but uncertain times ahead

[action] 26/5/2022 09:35

Both. But old founder member near retirement and will support takeover T right price. After all they themselves are brokers.

[jubberjim] 26/5/2022 07:03

GP

I think we are still in a down market

Apart from Aviva which has continued to go against my expectations so much so that I had to buy in yesterday much against my better judgement as I l ost a lot of faith and income when they pulled their declared dividend back in the day

FOMO is what is keeping the market afloat at moment and I have succumbed

Well the old adage sell in may and go away looks very prescient at this moment in time

Well the die is cast now

Sitting nervously

Good luck everyone

[growthpotential] 25/5/2022 21:47

Which is weighing this down more; Woodford or Ukraine?

[action] 25/5/2022 09:51

More buy and still it goes down in up market.

[ochs] 24/5/2022 21:17

I think 830p is a decent price jubberjim, just above long term support at 828p. Be interesting to see if that holds by close of play tomorrow!

[growthpotential] 24/5/2022 19:52

I'd say there are still potential struggles and worries here. Inflation for one thing. Missing the rally another...

[jubberjim] 24/5/2022 17:41

Have been paying attention to the various posters
so have taken a bite

Hargreaves 830 10,000 STG

RR 80.20 8100 stg

SMT 705 22000 STG

still little bit wary but was tempted by various posts and thought to have a punt

worst case scenario else they become long term holds or (BBL s) Be Back Later

good luck you hopeful investors
Be Lucky

[growthpotential] 24/5/2022 16:40

Any tips on how to ride out the volatility not just for HL, but everything ... (?)

[jubberjim] 24/5/2022 10:12

It s not condusive to have any faith in a company when one is forever left waiting for the dividends due to be paid promptly

Sort it out

[growthpotential] 23/5/2022 19:36

I agree, if you get overly nervous perhaps investing isn't for you

[lomax99] 19/5/2022 19:23

It is on Citywire:Next month marks the third anniversary of the suspension of the Woodford Equity Income fund and 36 months since the Financial Conduct Authority launched an inquiry into the scandal affecting 300,000 investors. Star fund manager Nick Train wants to know what on earth the hold-up is, believing the uncertainty is weighing on the shares he holds in Hargreaves Lansdown.Speaking at the Frostrow investment companies conference in the City of London yesterday, Train, whose firm Lindsell Train is Hargreaves' second biggest shareholder with a 12.8% stake, called for those involved in the running and promotion of Neil Woodford's fund and business to be either 'sued or exonerated'.Train, who holds Hargreaves in his £1.8bn Finsbury Growth & Income (FGT) investment trust and £5.3bn Lindsell Train UK Equity fund, said there was 'no point in not being transparent and candid' about the poor performance of the shares.Despite operating the UK's largest retail investment platform, with £132bn of assets under administration and a leading share of the growing market in DIY investing and shares in the FTSE 100, the Bristol-based broker has lost 64% in three years. By contrast the UK stock market is up 13%.Hargreaves played a leading role in supporting Woodford (pictured above) when the former star equity income fund manager left Invesco to set up his own business. It invested heavily in the Equity Income fund through its own multi-manager funds and included it in its Wealth 50 recommendations list right up until the fund's suspension in June 2019.Train (above), who also runs the £6.9bn Lindsell Train Global Equity fund, said the involvement had hung over the investment platform, noting that the FCA had failed to draw any conclusions or pin any blame despite an ongoing report into the scandal.'It is three years almost to the month since the suspension of the Woodford fund and we have not been offered any report on the circumstances,' said Train.'People who participated in that – to a greater or lesser extent – need to be sued or exonerated. I can see why people are waiting for that.'Hargreaves not AmazonTrain also noted that heavy selling of Hargreaves shares by founders Peter Hargreaves and Stephen Lansdown had held back the stock. The former sold £300m of shares in February 2021, just a year after offloading £550m of stock, while the latter sold more than £250m of shares post-lockdown.Train said the selling was 'not helpful' to the share price.He also criticised the company for failing to invest more in the platform business until this year, choosing instead to reward shareholders with special dividends.'We are forever badgering Hargreaves to stop paying so much in special dividends and invest more in functionality and opportunities that present themselves to the biggest investment platform in the UK,' he said.'There is evidently major opportunities to expand the business... but they need to spend to do it,' Train said.However, the fund manager noted Hargreaves was not given credit when it did invest. In February, the shares tumbled more than 15% when it canned its accustomed additional dividend to plough £175m into a new five-year digital and advice strategy.Train said if Amazon had announced a similar investment strategy 'then the shares would have been up 15% because investors would have rewarded the entrepreneurial spirit.' The Hargreaves investment was 'not afforded any value' because of the previous focus on the special dividend, he said.Last December FCA chief executive Nikhil Rathi (above) told MPs on the Treasury Select Committee that all key evidence had been gathered in the Woodford inquiry and he expected all investigation work to be complete by the end of the year. However, he cautioned that the evidence would be subject to legal review that could necessitate 'the need for further focused evidence acquisition'. Broker's cash pileMeanwhile, Hargreaves Lansdown has accumulated a cash pile of £433m at the end of last year, which could be useful if it receives a fine in this high-profile case, although the execution-only broker will doubtless argue it never advised investors to buy Woodford's fund.Aside from the regulatory uncertainty, Hargreaves' sliding share price decline mystifies Train. While it has faced growing competitive pressure, the broker has, as the manager highlighted in Finsbury Growth's results this week, proved remarkably profitable, generating an impressive 50% return on equity, the best in his portfolio. From its May 2019 peak of £24.19 the stock has tumbled £15.58 to 861p, down a further 3.2% today, and no longer features as a top-10 holding in Train's trust or funds.Hargreaves' poor share performance sums up a torrid 18 months for Train who, having outperformed the FTSE All-Share for up to 18 years, has fallen way behind the index as his quality growth style has fallen out of favour.Over three years, even with dividends included, Finsbury Growth shares have fallen 7%, compared to the 15% total average return of trusts in its AIC UK Equity Income sector. Nevertheless, he is confident his picks of financially strong global franchises such as Diageo, Burberry and Unilever will re-rate as markets again appreciate their reliability.

[growthpotential] 19/5/2022 19:09

Where did you see the item on HL?

[spectoacc] 19/5/2022 07:02

Interesting how many seem keen on ADM - as a DLG holder, I'm aware what the market's view of insurance is atm :)

HL - Nick Train was ramping it again the other day, talking about 50% margins and future growth. I'd like to see some signs of them sorting out the customer experience, rather than trying to ramp customers into their funds.

[jubberjim] 18/5/2022 17:53

Underwater on admiral (apt)

But I think not withstanding hoped for takeover this is headed even lower than my worst case scenario previously

This is due in no small part to the markets and the myriad small investors willing or able to deal in these uncertain times

Add to that the paucity of the service and the unwillingness of investors to meaningfully engage and take positions

Sell in may and go away seems to be a proven adage

If e spent my money (I never learn)

Enforced sitting on hands until there is a marked upturn for me

Good luck hoping tide turns soon

[giltedge1] 17/5/2022 09:11

Yes Agree nice fit for Banks, especially LLoyds, great cross selling opportunities.
Founder shareholders willing sellers at right price.

[growthpotential] 13/5/2022 20:34

Hideously undervalued is this stock. What would a take over offer be, would be happy with 1600 but I won't have gained much for the 3 years or so I've been in...

[robinnicolson] 13/5/2022 13:38

Tempus article in The Times today:

"...Hargreaves downward march naturally raises the potential for a takeover bid, particularly for banks looking for a less capital-intensive way to boost returns."

[giltedge1] 13/5/2022 13:25

congrats OCH & Porche1945 for well timed trade yesterday, a steal at low £ 8,
worth over £ 10 easily will be a major beneficiary for market bounce.
Interest on cash pile £ 13 Billion will be alone, I make it £ 50M extra next 12 months.

[ochs] 13/5/2022 08:19

Update from JP Morgan this morning - a bit like a back handed compliment, they say 'underweight' but have a price target of 1,060p!

[ochs] 13/5/2022 07:42

@jubberjim my memory of 2020 was a big shock in March, but then steady recovery for the rest of the year. The loss of dividends was really disappointing - especially from all the housebuilders.

ps. I like Admiral for my car insurance - been using them for a few years, and the yield looks attractive at current prices.