Hargreaves Lansdown Share Discussion Threads

[lomax99] 18/9/2021 10:56

Can’t quite see Vanguard being interested, Charles Schwab perhaps. I would be buying around this level if I did not already have my quota, prepared to buy more sub £14. XD next Thursday, hope the shorters enjoy that.

[ochs] 17/9/2021 21:56

At present I'd say a possible takeover bid from the likes of BlackRock or Vanguard is the most likely reason.

[growthpotential] 17/9/2021 21:34

What will be the catalyst for this to rise?

[wolansm] 16/9/2021 09:35

I see porschit is here as well... did Directline go the way you predicted.... No and Blackrock that small American company remain invested .... Filtered

[action] 15/9/2021 08:25

Agree. I take their recomendation with pinch of salt.

[ochs] 09/9/2021 11:00

Added at 1,438p this morning, hopefully the bottom for now? XD date 23/9

[ochs] 07/9/2021 11:07

@GARYCOOK, how frustrating for you - I'm hopeful they've resolved this issue by now? If not you should defo take it higher up!

[lomax99] 04/9/2021 11:25

Happy to add, progressively, from the low 13's.

[growthpotential] 04/9/2021 11:17

Never had this issue but how low will this stock go(?) muchos crazy!

[garycook] 01/9/2021 15:04

Has anyone with a HL Fund and Share account had a problem with HL removing the Nominated bank account,and stating You cannot nominate a bank account as you do not have any eligible accounts.When I have had the same nominated bank account with HL for 14 years ?

[porsche1945] 25/8/2021 14:04

Terminal. U.K. index has put on sub 8 pc in 12 months, US has shot the lights out, dax has put on 15pc and French Bourse 20pc, brexit epic fail, no reason ftse will ever catch up, it is just hated, probably becos nobody has any faith in sterling holding up long term with the tory loonies in charge. Come back Blair ( 2.07 usd to pound under labour )

[m_kerr] 18/8/2021 18:00

in that 3 year time frame, operating income is up 20%, revenue up 31%, and ordinary dividends are up 20%. operationally there's been fantastic progress, they make something like 75% operating margins and ridiculously high returns on capital. if you overpay for the shares or buy in at a very high valuation, that doesnt make it a bad company, you only have yourself to blame.

[porsche1945] 17/8/2021 17:07

No it’s not, it’s lost now almost 40 pc of its value in three years, it has just CUT its dividend, has a now declining business model profit wise, platform providers with rip-off charges like HL are gonna get hammered plus it has legal fallout from peddling Woodford’ capital destructive rubbish to mug punters for years. It’s just more ftse 100 dross, no capital growth and a poor dividend. Buy growth. BHP moving their listing to OZ, same shares in OZ worth 17pc more as ftse 100 now at 30 year discount to other major indices, maybe HL should try moving domicile to Guernsey where Lansdowne went to dodge CGT.

[m_kerr] 16/8/2021 19:01

this is a high quality, annuity like, dividend stream. it has so many good things going for it - it's a extremely high return, repeat business, cash profits company, with many industry tailwinds. i think the valuation leans towards being reasonable rather than cheap, at an expected yield of about 3.5%, but remember that with interest rates close to zero, that's an excellent yield. HL offers high earnings visibility with predictable and highly profitable growth, while returning profits to shareholders. at the right price it's a no brainer.

[robinnicolson] 10/8/2021 14:05

Sharecast: Analysts at Credit Suisse trimmed their target price for shares of Hargreaves Lansdown following the investment platform's latest full-year numbers. The target price was marked down from 1,520.0p to 1,430.0p with the recommendation on the shares unchanged at "underperform". In their opinion, specific headwinds such lower margins on funds and in share dealing, as well as higher costs offset the general tailwinds for the industry. "We believe ambitious targets on hard-to-forecast share dealing revenues, along with uncertainty on costs and ferocious competition, shrink Hargreaves' margin for error," they said. In the last quarter of the 2019 financial year, Hargreaves registered £900m of net flows excluding books purchases. Fast-forward two years later and despite £52.0m of marketing and distribution spend, and 420,000 more clients, it recorded the same net flow. It was a similar story for share dealing with Hargreaves' margin targets implying 790-990,000 deals each month. Credit Suisse had penciled-in around 700,000 per month but said that was "generous" given the normalisation already evident in retail trading. All told, the analysts trimmed their revenue forecasts for 2021-23 by 1.0-2.0% on lower expected margins on funds and modestly increased their operating cost estimates by 1.0-3.0% for over the same period. In parallel, marketing costs were expected to continue to increase by double digits, alongside staff costs, although dealing costs were also seen normalising as international volumes reduced. "Despite the limited downside implied by our TP, we continue to see a risk of further de-rating, with catalysts being weak share dealing, low Net New Business, and higher costs. "In our view, Hargreaves' pricing structure remains unsustainable, and underpins its fragility."

[robinnicolson] 10/8/2021 13:56

Citywire: Hargreaves Lansdown (HL) took a hammering after disappointing the market yesterday, but Shore Capital is still expecting "material upside" at the UK's largest investment platform. Analyst Paul McGinnis retained his "buy" recommendation and "fair value" target price of £20.60 on the stock, which closed down 9%, or 1148.2p, at £14.92 on Monday. He said the 6% increase in the share price year-to-date "seems harsh given the strength of execution over the last 18 months' and the "long-term store of value" created by an increase in the client base to 1.6 million active users. "For what we regard as a UK pioneer in the encouragement of long-term savings and a superb business model, we detect an unusual level of negativity towards Hargreaves Lansdown from analysts and institutional investors," said McGinnis. He added that "we still expect to see material upside", with the company reporting adjusted profit growth of 8%. "We think the current share price still presents a tremendous entry point and any such placing should be used to top-up further," said McGinnis.

[saltaire111] 10/8/2021 10:45

Amusing that the analysts above range the share price from £14.30 to £20.30! And they’re the experts!!

[robinnicolson] 10/8/2021 08:27

A transcript of the presentation and Q&A with analysts is available here: hTTps://seekingalpha.com/article/4447431-hargreaves-lansdown-plc-hrglf-ceo-chris-hill-on-q4-2021-results-earnings-call-transcript Analyst updates: Barclays cuts target price to 1980p from 2030p Credit Suisse cuts target price to 1,430p from 1,520p RBC cuts target price to 1,650p from 1,925p

[growthpotential] 09/8/2021 22:00

Interesting, yeh I mean I am invested in BlackRock and I remember all the pundits saying fee pressure on ETFs will squeeze profits at BlackRock. Their focus on growing AUM was the strategy and has paid off so I believe this is also what HL should focus on

[growthpotential] 09/8/2021 21:47

I added today!

[2prsimo] 09/8/2021 20:30

Ochs - yes they do hTTps://www.ii.co.uk/analysis-commentary/interactive-investor-adds-aquis-stock-exchange-platform-ii515749

[ochs] 09/8/2021 20:21

@2Prsimo - do Interactive Investor provide online trading for the Aquis Exchange?

[lomax99] 09/8/2021 19:39

I didn't mean their service on trading was necessarily good.....