Hargreaves Lansdown Share Discussion Threads

[lomax99] 13/10/2023 22:13

Https://citywire.com/investment-trust-insider/news/st-james-s-place-shares-plunge-as-fca-pressure-over-exit-fees-mounts/a2428019?re=113608&refea=1746813No read across here....

[ochs] 13/10/2023 10:31

This SJP thing seems an over-reaction as far as HL are concerned. HL are down 4% and yet AJB are only down 1.5%.

SJP are a different type business to HL, and it's been known for years that their advisory fees are inflated. Their shares are down over 16% today. Tempting looking yield of 7.65% so I've bought a few at 684.6p, as it seems overdone - especially as they haven't even made any decisions yet. I suspect it'll be a bit like HL in 2014 when the RDR came in for investment platforms... there was a reduction in charges, but that was soon made up for due to increased assets under management and more clients.

[tim 3] 13/10/2023 09:33

Just been on phone to them can't pay money in (via pay from bank) they said they had serious issues with website yesterday and could be continuing today.

[lomax99] 13/10/2023 09:11

Https://www.proactiveinvestors.co.uk/companies/news/1029594/city-analysts-cautious-on-hargreaves-lansdown-s-upcoming-quarterly-1029594.htmlTheir new share price target is 1250, only 69% above the current share price

[stoopid] 13/10/2023 07:28

Ah, yes, regulator has told them to sort out their charging structure. The FT are saying even the current small changes could knock 8% off 2024 earnings.Knock on effect and not good news I suppose as HL tries to build its own wealth business...

[thebutler] 13/10/2023 07:24

Might have something to do with its peer St James Place having issues with charges - see their RNS.

[stoopid] 13/10/2023 07:22

What's going on, down nearly 4% Can't find anything?

[techno20] 13/10/2023 07:22

Misguided collateral fallout from SJP announcement I’m guessing.

[scepticalinvestor] 13/10/2023 07:14

Why the fall?

[gemlotte55] 13/10/2023 07:06

Ex divi today?
No 19th November

[scepticalinvestor] 13/10/2023 07:04

Ex divi today?

[dickbush] 10/10/2023 11:56

FWIW. Probably not a lot.

IMF believes Bank of England rates will peak at 6% and stay around 5% until 2028. Rates are currently 5.25%.

Forecasting that far into the future is not worth the paper it is printed on, but HL's first half should look good.

[action] 09/10/2023 15:09

Ps . HL don't have debt. Only cash in Bank.

[action] 09/10/2023 13:01

If you take year's low 728.2 and take out nov23 divi 28.8p , we may see 700p exd .DYOR.

[ochs] 09/10/2023 12:50

@AdamB1978, I think technically it's not a "Head & Shoulders" (despite looking like one!) because it didn't come after a prolonged uptrend. The definition is that a Head & Shoulders Top should signal a change of trend from up to down and is marked by the 3rd peak being lower than the 2nd and around the same level as the 1st. In the case of HL prior to the 1st peak we hadn't been experiencing a prolonged uptrend.

[stoopid] 09/10/2023 12:37

Strange price action after such a good update. Meh. I will keep taking the Divis and trading....

[ochs] 09/10/2023 12:10

That's a good point @AdamB1978 - it looks like a H&S, but as you say it's pretty short term (left shoulder would indeed be June 2023) - and I think you're right that they are usually more long term. I will do some further research...

[adamb1978] 09/10/2023 11:58

I'm not a chartist at all however do H&S patterns often form in short-term charts like you mention? If I understand you right, the first shoulder was in June this year

[ochs] 09/10/2023 11:37

One word of warning is that the medium term chart (above right) is looking like it's forming a "Head & Shoulders Top" - if the "neckline" breaks (about 742.5p) it could lead to a nasty decline.

[lomax99] 09/10/2023 10:47

Joined the party, added a few more.

[ochs] 09/10/2023 10:39

Same, small top up at 746.7p... still lots of time to build up before the xd date.

[lomax99] 02/10/2023 10:07

Another small top up.