Hargreaves Lansdown Share Discussion Threads

[ochs] 04/5/2023 09:16

Indeed, and the market has for once taken the update positively!

Slight correction @lomax99, revenue for Q3 was £188.1m (up from £146.9m 2022) and the £538.1m figure is for the 9 month period (Q1 to Q3). This statement is very positive for the bottom line "continuation of the increase in net interest margin, which MORE than offset the impact from the reduction in share dealing volumes and lower average asset values during the period." Plus another 0.25% increase is expected from the BoE next Thursday (11th).

Shame they've not also provided anything for the final tax year end period of 1 April to 5 April. You'd assume those figures would also have been good when compared to 2022?

[saltaire111] 04/5/2023 06:55

Trading update is good.

[lomax99] 04/5/2023 06:49

Solid quarter's performance. AUM £132bn, Active Savings now up to £7bn. Revenue at £538m, up 23% on Q3 FY22.

[giltedge1] 28/4/2023 18:35

UK No 1 Brokers & give their clients much better interest rates than Banks. These new customers will eventually buy shares & funds.
With founders putting pressure on management, for improved performance, no debt & markets moving higher, interesting buy.

[jubberjim] 27/4/2023 08:41

Screens frozen again not updating.
Suppose it is one way of stopping your share price from being cratering

I can see more and more investors jumping ship

[jubberjim] 13/4/2023 06:05

Anyone else having problems logging in to their account this am

[action] 05/4/2023 12:00

Based on fees hl charges and ig charges. Hl too expensive

[action] 05/4/2023 11:55

760p again. I recon further to fall b4 founders accept bid or invite one.

[stoopid] 31/3/2023 18:22

https://www.fool.co.uk/2023/03/28/this-stock-could-be-one-of-the-ftse-100s-greatest-bargains/

[ochs] 28/3/2023 15:21

I'm liking the look of CMC for Spreads, just opened a demo account.

[action] 28/3/2023 09:12

Ig no charges for platform fees and if you deal 3 deals for a month, next month deal fee is £3.

[action] 28/3/2023 09:11

Ig is ok for uk stock. May be Tradezero for us market. Hl too expensive for day trading.

[action] 28/3/2023 08:11

Hl reserves the right to delay cash withdrawal by 8 days.

[ochs] 22/3/2023 21:58

It was 6pm London time - 0.25% increase, pretty much as expected. US Markets fell sharply after Powell spoke in the press conference.

[jubberjim] 22/3/2023 11:24

When will Fed announce their decision re interest rates

Is it later on after the European markets have closed

Don t see much happening here or in USA which is bad news for broking companies

Wide spreads are no incentive to deal

Best just to watch and go back in when the uncertainty is removed

[ochs] 20/3/2023 12:28

@ACTION, HL was briefly available to buy just under 750p first thing... did you bite? ;)

Thanks @Porsche1945 - a good summary of where we currently are with markets. I think you're right about banks becoming extra cautious about lending in order to protect their balance sheets, and that's not good news for the wider world economy at all.

I will give Tradezero a try later and set up a demo account.

[porsche1945] 18/3/2023 10:26

Hi Ochs. IG are pretty good, website straightforward and can get people on the phone ok, Tradezero may be better tho, have a look at them. Thoughts, cyclicals getting hammered, oil mining banks stc, because any timeline for recession has been brought forward and lending by banks will be heavily reduced as they have to prtotect balance sheets….nasdaq has had a good week, big tech and growth, think msft and Nvidia, are flying, full on rotation going on. That stuff is where to be, Fed may go .25 then no more rises and cutting by June, banking melt down more of a fear than inflation. I would steer clear of all financials especially insurance companies, the next shoe to drop, thats why l&g aviva etc all tanking, the bonds they are sitting on have cratered in value, the pensions all sitting on tons of commercial real estate the value of which is getting destroyed. Could be 2008 all over. Id be in cash or big high quality cash rich tech. The rest I think is toast for a while, I think HL has had its day too, i dont even trade it now. Could be heading for a fiver. Alot of this stuff just re-rates and never recovers.

[ochs] 17/3/2023 16:10

FTSE 100 has now bounced off 7,310/20 three times this week - if that level doesn't hold on a closing basis today then we could be in for much worse next week!

[wilksey1] 17/3/2023 14:53

hmm think you might be right this sell off has to much momentum thats what panic does was going to buy earlier glad i did,nt

[action] 17/3/2023 14:40

My lowest purchase was 735p. This time it should break 700p. Gut feeling. No chart knowledge.

[ochs] 17/3/2023 11:41

@ACTION it's a tricky one, markets are very volatile and HL is too. You might get 750p, but may need to be patient. Equally it may not quite get that low. Then again the previous low was 735p in Oct, so it could go under 750p and bounce without even testing 735p...

[jubberjim] 17/3/2023 11:24

I m not in and until this banking mess is sorted out neither will a lot of very nervous investors

No one is willing to take a risk at the moment which is not good news for the likes of Abdn (I I) A J Bell or Hargreaves

I think investors will remain sidelined and this at what should be a busy time of year with ISAs being topped up.
Am away from my computer at moment which is a good thing removes temptation

Will see how it is looking after 30 of this month as a lot of my stocks here in the U K go ex dividend or I would have sold by now

Tread softly and watch your BACS

Take care everyone

[action] 17/3/2023 08:48

To be in or not to be in ? That is the question.