Hargreaves Lansdown Share Discussion Threads

[raj k] 07/12/2023 14:44

I though that the top two law firms that are representing clients (Leigh Day and Harker Parker or whatever they are alled) would only be suing Link? Only one of the smaller ones are going after HL as well. Isnt the HL exposure to litigation minimal unless seperate lawsuits are brought after. Does anyone know the cost of total funds lost by shareholders of WIE that bought it via HL directly or through their MM funds?

[stoopid] 05/12/2023 12:43

Depends if the threat of litigation goes away...

[ochs] 05/12/2023 10:28

Yes, The Times article was saying similar - so when the result is announced, and assuming the package is accepted HL shares ought to get a boost.

Additionally as well as taking many years, even if successful a class action would give the lawyers 35%!

Found this in the Mail article "Investors in the collapsed Woodford Equity Income fund have until 5pm on 4 December to register to vote on a controversial £230million compensation package. Registered investors will cast a vote on 13 December to approve or reject the compensation scheme, which if approved will see up to £200million paid out in the first quarter of 2024. In order to pass the package will require the approval of 50 per cent of investors by number and 75 per cent by value."

Interestingly HL will be able to vote themselves based on the holdings in their 6 Multi-Manager funds... could be quite a big percentage.

[stoopid] 05/12/2023 07:08

Both articles suggest that class actions against HL and other companies could be blocked if investors vote for the FCA payment scheme.Lawyers are saying people would get more back if investors litigate. FCA and others point out it could be many years before any recovery of funds if the deal isn't voted for etc...

[stoopid] 05/12/2023 07:02

Alsohttps://www.thisismoney.co.uk/money/markets/article-12823207/Woodford-investors-5pm-register-vote-230m-payout.html

[cwa1] 04/12/2023 13:21

You've got mail ;-)

[ochs] 04/12/2023 11:43

Anyone able to post The Times Woodford article from today?

[ochs] 04/12/2023 10:26

Hi @alotto, I suspect one reason is the pending demotion to the FTSE 250 - it's now official and actually takes effect on Monday 18 December. I'm thinking tracker funds will now be selling over the next 2 weeks in advance of 18 December?

If that's the case I'm aiming to buy for the longer term at various prices all the way down to 622p.

Many companies fall into the FTSE 250 and actually bounce back 3 months later - Abrdn (who own ii) are a good example of this recently.

[alotto] 01/12/2023 10:25

why did JP Morgan lower the target price to just over £6? That's quite harsh considering the business made 300million pounds of net profits last year and considering the fat-ish dividend

[ochs] 29/11/2023 12:32

So new Chair announced today - there had been talk that Deanna might not get enough votes at the AGM on 8 Dec, so they've avoided that potential embarrassment by hurrying things through!

[montyhedge] 29/11/2023 10:55

ii, I like more plus 3.75% interest accrued daily paid monthly, great while you're waiting to trade something.

[angus mcoatup] 29/11/2023 10:18

Stoopid do you work for HL.? I just think for the high fees they charge the platform should be first class.

[ochs] 29/11/2023 06:39

Although I'm an HL shareholder I would admit that the ii platform is currently better, and more user friendly.

[angus mcoatup] 28/11/2023 14:35

Wtf is happing with the HL. platform today. Some of my holdings are showing 1000%. Platform is not fit for purpose.

[lomax99] 26/11/2023 18:35

Well in the 7 years of Chris Hill’s tenure as CEO: Revenue has gone from £326.5m to £735.1m, up £408.6m, +123%%, Profits are up from £218.9m to £438.8m, up £219.9m, +100% and AUM is up from £61.7bn to £134bn, up £72.3bn +117%. I am not sure what more could be have been expected.

W has cast a long, dark, shadow. The seeds for W pre-dates Chris Hill.

[ochs] 26/11/2023 17:42

Agree about Schwab being an option.

[lomax99] 26/11/2023 15:08

Not sure I can see that merger happening, HL do not need/want AJB. PE action could be a possibility, more likely for AJB. Still think Schwab could be interested in HL, if they ever had any ambition beyond home turf.

[stoopid] 26/11/2023 08:06

Need the Woodford Saga to be done and dusted so they can move on and also see what it will cost them. Also hanging over HL. is the costs/fees thing. I don't think HL are in the same boat or league as St James Place who got smashed over their exorbitant costs but AJ Bell and HL are both taking hits because of the forecasts of less profits and poor revenue growth...

[ochs] 24/11/2023 14:50

Then again in the last 10 years profits are up massively and yet the share price & p/e are languishing. Demotion to Ftse 250 - not a great legacy Chris Hill !

[giltedge1] 24/11/2023 14:18

Depends on reference point listed at £2.00 2008, 15 years now £7.00 so thats already 350%+, plus dividends say at least 4% pa, so looking at 400% at least. 4x in 15 years not too bad.

[porsche1945] 23/11/2023 17:50

Lost 62pc of its value in 10 years, take into ac inflation….it’s probably lost nearer 90pc, why you have to buy quality US growth stocks and not shxtty U.K. dividend stocks.

[stoopid] 22/11/2023 11:08

Ugh, may well be sold off further as funds that are FTSE 100 trackers and hold HL. Sell it off...