HL have a deadline of 12 noon on 7th Feb to decide if we want the alternative unlisted shares instead of cash.
I've got a few shares in a Fund & Share account so am considering it for those. 2 questions :-
1) Is anyone aware whether they've stated if ongoing dividends are likely to be paid?
2) Would opting for the unlisted shares still trigger a capital gain/loss in the same way as taking the cash offer? |
Restored now. |
Same here. although I haven't actually dealt only got quotes |
Same Gary, can't see stocks held but can deal ok. |
Anyone else having a problem getting there Portfolio today. Mine showing Loading Portfolio since Opening of the Market. |
Serial ramper posting that has no relation please dyor before investing a penny! |
So the tight wads will hold on to our interim dividend if this drifts.... |
It's not confirmed yet, first quarter of 2025. |
When does the lousy deal close? |
AJ Bell will be featured and analysed on the Mello Monday Show tonight
Programme
6pm Interview with Stephen English, Stellar Asset Management
6:30pm “Where are the markets going in 2025” Fund Manager panel featuring Judith MacKenzie, Downing, Rosemary Banyard, Downing, Gervais Williams, Premier Miton and Stephen English, Stellar Asset Management
7:15pm Educational Presentation
7:30pm Mello BASH (Buy, Avoid, Sell, Hold) panel featuring Mark Simpson (Brave Bison), Damian Cannon (Tatton Asset Management) and Kevin Taylor (AJ Bell) |
Ridiculously low? Let's see! |
Many thanks, ianguerin. I will take a look at the website to check that it is easy to navigate and provides plenty of information wrt e.g. the history of purchases and sales, ease of transactions. A son has an account with Fidelity for US purchases and I am not impressed. |
HL. – Hargreaves Lansdowne
3*
Hargreaves Lansdowne issued a decent AUM update for the 3 months ended September 2024. AUA finished the quarter at £157.3 billion driven by a positive market movement of £1.5 billion and net new business of £0.5 billion (Q1 2024: £0.6bn). The Group saw accelerated client growth with net client growth of 18,000 in the quarter (Q1 2024: 8,000) driven by net new clients in the SIPP, ISA and Active Savings accounts. Share dealing volumes also picked up to average 738,000...from WealthOracle
wealthoracle.co.uk/detailed-result-full/HL./922 |
Agreed, Lomax99. I am so disgusted that I and my family will be moving our various SIPPs, ISAs and funds out to someone else. A pity because I thought very highly of the website and almost all of the people I dealt with over many, many years. Not sour grapes. Various funds making 35-40% including divi even at the current price. £15 should have been nailed on for this business..
Anyone have an alternative for family funds to switch to that they are really happy with? |
The trading update show performance metrics heading up, just as it is agreed to sell the business for a derisory price. |
Ta, did manage to verify the info else where but good to have it confirmed. |
You can still buy in the market should you wish to, at around 1,086p, and should get 1,110p early 2025 when the takeover finally completes. |
Is it too late to get in on this or has the deadline passed for the pay off. |
Hargreaves Lansdown PLC - Bristol, England-based wealth management platform - Acquisition by a private equity consortium led by CVC Capital Partners PLC is set to complete in the first quarter of 2025, Hargreaves says, as shareholders on Monday approve the offer. The general meeting vote is 86.6% for and 13.4% against. Hargreaves back in August accepted a GBP5.44 billion offer from a consortium made up of CVC private equity funds, Nordic Capital XI Delta and Platinum Ivy B 2018 RSC Ltd, part of Abu Dhabi Investment Authority. Shareholders will receive 1,140 pence per share in cash, including a 30p dividend from Hargreaves. |
This will go ahead, lemming instii's will vote for cash, doh! I voted against, pretty sure that will be in vain. |
So I was wrong about the xd - the share price still dropped nearly 30p!
The voting deadline for HL clients is 7pm this Weds (9 Oct) - so please vote if you haven't already! Other brokers may have a different deadline. The meetings about the takeover happen a week today (14 October) so it won't be long until we know if this is going ahead or not... |
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