Hargreaves Lansdown Share Discussion Threads

[ochs] 01/2/2024 09:58

@AdamB1978 I agree with you about existing portfolios not moving, HOWEVER the high dealing fees are a big problem for ALL new business - and a lot of "new business" will be SIPP & ISA top ups from existing clients. Many people have accounts with more than one broker - for example a friend mentioned yesterday that despite having an existing ISA with HL, he'd put his 23/24 ISA with ii so he could buy the shares he wanted for £3-99 rather than £11-95.

This is a big problem as the market looks at new business numbers, and as with SJP last week it really can affect the share price. HL's new business figures could be poor this SIPP/ISA end of tax year season as existing clients choose to make extra SIPP/ISA payments to cheaper rivals.

[eigthwonder] 30/1/2024 22:27

got to be on the receiving end of a bid from global mega bank looking to buy a national leader at some point surely. And attractive yield to be had in the meantime. Woodie Income situation a caveat i guess of prospective buyers

[giltedge1] 30/1/2024 21:52

Yes if can break 778 will be a jump up as 7% short will need to cover.

[ochs] 30/1/2024 10:22

Looking strong atm. For those who follow the technicals there's an immediate resistance just above at 778.5p. This is the 38% Fibonacci of the 676p Oct low to 944p July 2023 high.

The share price is also challenging the Nov 2023 high of 773.5p today.

[adamb1978] 28/1/2024 22:25

re dealing charges: my view is that:

- few people churn from their broker due to dealing charges. The admin hassle, the inertia, the research needed to shave a few quid off per trade. Just don't see it as a big issue

- in my mind, its more an issue with new customers. There's no inertia and the prospective customer is looking for the best deal

So you can charge high, but your customer base will be a melting ice cube, not because of unnaturally high gross churn but because of lower sign ups

[yf23_1] 26/1/2024 17:06

Yes, but most people with a fair amount in their portfolio don't trade that much, and if they do I'm sure the few quid extra on dealing is not going to prove too demanding for say a 5k deal.

[boozey] 26/1/2024 13:45

CC2014, £3.99 a trade with II plus a few free trades every month...

[misterd1] 26/1/2024 10:49

I recall one budget measure was to make it both feasible and easier to move PART of your ISA or SIPP to an alternate supplier

To me this is a real risk as people could move bit by bit over a period of time

[giltedge1] 26/1/2024 09:56

On an upward path high beta stock, lots of room for cost cutting. Clients are sticky don't want to move £1 M Sipp to an app broker for example.

[ochs] 24/1/2024 14:13

Indeed, and if they dropped their standard dealing fee from £11-95 to £5-95 I suspect clients would generally trade more regularly and this would fairly quickly make up some of the shortfall.

[cc2014] 24/1/2024 13:45

The problem HL have is that the competition are squeezing them hard now because of their ridiculous pricing policy

£12 a trade vs £5 at most other places means they won't generate new customers and the churn is too much

The fund fee of 0.45% for open ended funds is nearly double elsewhere.

[ochs] 24/1/2024 13:39

Agree with much of that, but is it a low cost base? Costs (especially staffing) have been going up every year for many years now.

[giltedge1] 24/1/2024 11:38

Positive upward move today & good news from AJ Bell, savings rates falling can see positive gains in equities/funds FUM in 2024. With low cost base & cash on balance sheet & 5.6% yield looks good level to buy £7.40, better than savings account + market leader.

[lomax99] 18/1/2024 23:51

K Ashworth-Lord, Buffetology manager:The manager speculates that other names in the portfolio could also be vulnerable on this front. "We have got Hargreaves Lansdown (HL.) which I think could be a takeover target to someone from the US," he says. "All we have seen in the last six years at HL is a deterioration of what was a very good business and lots of cost put in. Hargreaves to me at this price is a sitting duck." However, he praises the appoint- ment of non-executive Adrian Collins, who served as executive chairman at Liontrust among other things.

[lomax99] 18/1/2024 19:59

Nah, perhaps the Chronic pulls some weight - it is their investment idea of the week.

[yf23_1] 18/1/2024 19:07

Up on the back of AJ BELL trading update by the look of it.

[yf23_1] 18/1/2024 16:43

see - just need to break 768 now.

[yf23_1] 16/1/2024 17:18

Time for this downtrend to turn.

[stoopid] 18/12/2023 12:11

They wont because they smell mis-selling blood/compensation and juicy fees.But any liability will be limited by the return of funds from the winding down of Link and paying out of monies. I think investors are lucky to be getting anything back nevermind most of their investment.

[ochs] 17/12/2023 17:34

Latest on potential Woodford claim - RGL still not given up

[tim 3] 17/12/2023 10:49

Yeah just read that their charges for pensions seem sky high.

[tim 3] 16/12/2023 16:18

Seems probably the best option for investors.But should more action not be taken against and more details be revealed of why Link who were supposed to regulate him neglected in their duties if only to ensure it never happened again,seems like they got off lightly.

[ochs] 15/12/2023 13:25

Despite the outcome of the vote, the RGL Group, the only claimant investor group to also sue Hargreaves over the scandal, promptly urged all Woodford investors who invested via the platform to join its action group.

"Now that the scheme result appears likely, subject to any upheld substantive challenge at the sanction hearing, the RGL Group intends to press on with the claims against the FTSE-100 platform provider," it stated.

Strangely we'll be FTSE 250 from Monday, which is probably not helping the share price today.