Hargreaves Lansdown Share Discussion Threads

[ochs] 15/10/2020 09:28

Agreed, in hindsight I should have loaded up good and proper when it was briefly below £12 in March... but then virtually every share was a buy in March (with hindsight).

[lomax99] 15/10/2020 08:53

Down below £13 and I am backing the truck up....

[ochs] 15/10/2020 08:46

added again too, 1404.5p

[lomax99] 15/10/2020 08:30

Added a few.

[robinnicolson] 13/10/2020 11:48

Minor downgrade from Morgan Stanley PT 1430p. I've been accumulating on the way down this morning.

[bogman1] 13/10/2020 11:27

Is the drop inrelatipn to the robinhood hack. Or just the market...

[imastu pidgitaswell] 13/10/2020 11:24

Hefty 6-7% swing (down...) in 24 hours, following a positive previous 24 hours. Bought some here. We'll see.

[lomax99] 11/10/2020 20:40

FT: Hargreaves' Brexit buffer:Brexit bothers investors and periodically slows down the whole Hargreaves Lansdown moneymaking machine, writes Cat Rutter Pooley. Not noticeably this quarter though, even as the next Brexit deadline looms.In the three months to September, HL attracted 31,000 net new customers, it said on Thursday, despite both Brexit and Covid-19 giving investors the collywobbles. This time last year when Brexit trouble bubbled it only brought in 17,000 on a comparative basis. Many will be day traders lured by the stock market machinations since March. Elevated trading volumes helped lift HL's revenues above analysts' expectations. The new clients are potentially less lucrative than others on Hargreaves platform.They did not bring as much money with them per head as those who joined a year ago, and won't necessarily stick around once markets quieten. But flighty as day traders may be, they are helpful at a time when uncertainty is building and interest rates are at rock bottom. Many UK equity investors are already choosing to wait out the current bout of turbulence. UK shares have proved unpopular in recent months. The FTSE 100 has been slower than global peers to recover from March's plunge. Data from the Investment Association show net retail outflows from UK funds of £748m in August and £912m in July. If clients build up cash balances that is bad for HL, since rock-bottom interest rates mean it earns measly margins on the pooled money placed with banks. Those margins have historically accounted for a decent chunk of overall profits, says Shore Capital analyst Paul McGinnis: about 27 per cent in the year to June and 24 per cent in the year before that.But rates have fallen significantly since April as central banks loosened purse strings. The headwind to profits from lower rates could be about £70m if extrapolated over the course of a year, Mr McGinnis reckoned in August. HL hopes it can convert its new stockbroking clients to other assets, making them as sticky as the rest of its customer base. It does not matter too much if it can't. They are nice to have for now as a Brexit buffer.Even after Brexit is done and dusted, Hargreaves will continue to reap the benefits of the shift from defined benefit to defined contribution schemes and an ageing population with money to invest. It is as close to a perpetual motion machine as one is likely to find on the stock market.

[imastu pidgitaswell] 09/10/2020 08:20

AGM report above - predictably dull. Yesterday was (thankfully) a bit silly.

[imastu pidgitaswell] 08/10/2020 16:26

Nope - only became a shareholder earlier today... 😎

[ochs] 08/10/2020 15:44

Anyone here attend the AGM today? (or there now!) Anything to report?

[ochs] 08/10/2020 15:43

Yes natasonline, I still think the main thing holding these shares back is a risk of legal action, so until that is concluded one way or the other I can't see HL getting back over £20 again. They will probably remain a 'trading' share as Porche1945 says in the meantime.

[porsche1945] 08/10/2020 15:39

@amunro Agreed, i did use IG but it was the customer service just dire, always problems moving money in and out especially big chunks. I really rate iWeb, fiver a go, its all there,easy everything and decent staff.

[natasonline] 08/10/2020 14:58

I've started getting ads on my phone asking if I was a victim of the Woodford scandle. The law firms are getting closer to showing their hand.

[amunro] 08/10/2020 13:15

IG £3 per trade if you do enough. Amazing charting and platform. But customer care somewhat lacking (ppl cost money I guess).

[imastu pidgitaswell] 08/10/2020 12:39

I agree re trading stock - but also would be happy to hold long term if it went lower. Same as with all the shares I buy - if they go lower, I need to be happy to buy more, not sell for a stop-loss. Why HL? Mainly 'cos it's all in a SIPP, they are the biggest and for that you get some security and robust platform which works on 'mad' market days - although right now they are having a prices updating issue with some smaller caps, been going on for some time now and getting very irritating - and it's only £6 a trade if you do enough (which I do). Not worth the hassle of changing. And I can buy their shares and benefit from my own hyperactivity. Medium/longer term, I put it on here a couple of months ago - it is (to me) a question of how well they manage the current and future growth in online shares and investment activity. They're doing OK so far. I personally don't do funds, so am not being ripped off - many many others don't do direct equities and do want funds. So I can benefit from them overpaying chinless wonders to manage their money for them. Fine by me...

[porsche1945] 08/10/2020 12:17

Yes defo long on TW and HSBC, will double up over 18 months/2 years plus healthy divs’. HL a trading stock, just wouldnt want to get caught with it, if the likes of Robin Hood announce they are entering the U.K. market, forget what anyone else on here says, these will tank 30 pc plus overnight. The problem is their funds are awful, performance dire, costs high. Other platforms are cheaper and a lot of the time just better. If you are trading why not just use iWeb at a fiver a pop? I think HL has had its moment, Woodford was more of a disaster than people realise, and that isnt over. As I say, a trading stock.

[imastu pidgitaswell] 08/10/2020 12:08

P - seen you long on a few of mine - TW. and HSBA plus others. And previously that you are not fond of this lot. Bit of history? Fair enough - I am now long again (and a customer) - and frankly adding a lot to their trading revenues...

[saltaire111] 08/10/2020 12:06

Good update. No idea why market has taken the price down. Am I missing something obvious? Salty

[porsche1945] 08/10/2020 12:05

@ lomas ...think shorters are doing just fine on this, down 100 points in two days. Betting both owners wish they had unloaded the lot to institutions at 24 quid like that ugly little worm Dampier managed to do knowing what was coming down the tracks.

[ochs] 08/10/2020 10:30

Also the summer months are traditionally HL's weakest quarter, so in that context these figures are excellent. Good progress on Active Savings too - they need to push up marketing spend on that in light on NS&I news, and their (current) 1st mover advantage ahead of others such as AJ Bell.

[paulof2] 08/10/2020 09:25

Strange reaction which to me reads as a very positive update. Revenue up 12% YOY yet share price down 20% YOY. I understand the high earnings multiple but still think that’s a solid set of results considering the backdrop

[ochs] 08/10/2020 08:12

... and yet the share price falls, it's a funny world!