Hargreaves Lansdown Share Discussion Threads

[ochs] 04/7/2024 17:16

Anyone got access to this comment article in The Times by Patrick Hosking? "Bidders are chasing a bargain with Hargreaves Lansdown offer" I can only see the headline, but it looks worth a read.

[ochs] 04/7/2024 11:25

Plus you already know the final divi will be 30p a share ;)

[stoopid] 04/7/2024 11:14

Well, I bailed at 1155 so, if it does drop back to circa 850, i will be back in with a nice little increase in my holding....

[ochs] 04/7/2024 09:53

Yes correct @Stoopid, if the bid falls through I would expect the share price to immediately drop back to somewhere between 850p and 900p. Of course in time it could get back towards £11.

It's hard to know what's going on behind the scenes... only Lancaster have gone public with their unease about the deal. A shame the board didn't respond to them via RNS, so others could read their defence.

Remember at present the Consortium are yet to make a firm offer - with the share price drifting over the last few days it makes me wonder if the market is getting nervous - are they still planning to proceed? Personally I still rate it at a 70% chance that the deal will go through, but I'm also hopeful that it won't.

[stoopid] 04/7/2024 07:36

How does no deal mean the share price should rise?What sort of logic is that? The share price before all the bid rumours was about 800/900If no deal emerges and the bid falls through, the share price will fall back to what the market and sellers/buyers determine a fair price is.

[growthpotential] 03/7/2024 18:32

Any news on this dogg and the dogg deal? I do not understand the argument that no deal implies the share price retreats, surely it's the other way around...

[lomax99] 29/6/2024 07:42

No, the comments are unattributed.

[growthpotential] 28/6/2024 23:26

Cheers, does it say who the other 2 shareholders are?

[lomax99] 28/6/2024 17:48

Unease grows over £5.4bn ‘two-tier’ deal to take Hargreaves Lansdown private



Two other City shareholders have now told The Times they have concerns.

“It doesn’t look like a knockout bid in terms of price,” one fund manager said, adding that it represented a discount to the valuations of listed rival AJ Bell and IntegraFin, which owns a platform used by financial advisers, as well as compared with where Hargreaves Lansdown has traded previously. Hargreaves Lansdown shares peaked above £24 in 2019 and by mid-afternoon on Friday were trading 7p, or 0.7 per cent, lower at £11.28.

Another fund manager called the “two-tier” criticism “a fair accusation” and said: “It isn’t ideal but my view is let nature take its course — in the next few weeks anything could happen.”

[growthpotential] 28/6/2024 17:21

Sell at 1155, buy at 1130, trading like a ninja (?)

[stoopid] 27/6/2024 16:22

Will buy back in if it drops below 1130 again and I can catch it. Might be a better offer or another bidder waiting in the wings, but that's a big if and the current bidders don't seem too inclined to offer a better price.Why would they up the offer if no one is pressuring them to offer a better price.May well be a bit of skulduggery going on behind the scenes....

[lomax99] 25/6/2024 11:08

I suspect CVC et al will up their bid by as little as they think they can get away with. Agree other major holders should follow Lancaster's lead, we need a vocal groundswell of discontent.

[stoopid] 25/6/2024 11:03

That's why I bailed when it hit 1155. Although, the downside is that I may miss the upside from any bidding war....

[growthpotential] 25/6/2024 10:29

I would really love to hear from Nick Train

[adamb1978] 25/6/2024 10:01

The 10% squeeze out rule could potentially be tough for the acquiror to reach if they think a reasonable numbers of shareholders are going to follow the fund from yeeterday. WOuld be good if another shareholder or two made similar noises

[ochs] 25/6/2024 08:38

@Stoopid if it were voted down you'd be able to get back in at a lower price for the longer term... plus have made good money on your previous trade already!

@lomax99 agree - it's a classic case of PE milking it for a few years, then selling it on or re-floating. Very sad that the board of directors (and founders for that matter) are being so short sighted.

[misterd1] 25/6/2024 07:45

And potentially fewer customers!

[stoopid] 25/6/2024 06:58

If this is voted down, the share price will collapse. Back to around 9 quid or lower I reckon.There is no guarantee that you will ever see your 15 quid a share again.I bailed at 1155, but then my average was about 750

[growthpotential] 24/6/2024 22:35

Out of the top 10 S/H, that accounts for around 35%, maybe not much more required to get to around 50%. Could be hard but I'm optimistic

[ochs] 24/6/2024 22:21

Not as easy as that... many small shareholders won't bother to vote, and many that do will be in favour as they'll want the cash having made a profit from buying the shares over the last 2 years.

In order for the deal not to go through Peter H, and/or Steve L plus Lindsell Train would provably need to vote against it.

[growthpotential] 24/6/2024 20:10

Apart from the old farts H and L, all that is required here is for all other shareholders to vote this deal down, surely

[adamb1978] 24/6/2024 17:19

The NEDs on the HL board must be asking questions of themselves. To have an institutional shareholder effectively say publicly that the NEDs havent been doing their job properly is pretty damning

[lomax99] 24/6/2024 17:11

Good open letter, the current offer is miserly and two tiered. HL. being taken-out at a low point only benefits the acquirer and those able to participate in an off market deal. HL.' shareholders would be better served long term by remaining as an independent entity.

[ochs] 24/6/2024 16:41

Starting gun certainly fired - and the board won't be happy that Lancaster have chosen to make the letter public via RNS. I wonder if their strategy is to try and invigorate bigger shareholders such as Lindsell Train? I suspect LT and others will also have a problem with the private equity option due to restrictions on the amount of unlisted equity they can hold in their funds? (post Woodford etc).