Hargreaves Lansdown Share Discussion Threads

[ricky46] 10/8/2024 09:37

I think there will be quite a few accounts moving away from this platform with them going private, a lot of people would of been more comfortable having there funds kept within a british ftse 100 company than a private one partly foreign owed, its not the cheapest platform either, time for me to make them long awaited transfers to safe a few pound, no thought for clients here whatsoever.

[robinnicolson] 09/8/2024 18:09

Guardian article: "Hargreaves Lansdown is surrendering too cheaply to private equity"




Peel Hunt comment:

"At the offer price, the consideration equates to 16.6 times consensus FY25 [earnings], or 3.5 per cent of [assets under management] – in our view, whilst this is not a huge price, it looks to reflect the investment required. Given the time to reach a recommendation, in our view it seems unlikely that other interest will now emerge".

[chachacha] 09/8/2024 17:28

Women are just as rubbish as men when it comes to management. Positive discrimination is still discrimination. Wake up and end this wokery nonsense asap.

[nemesis6] 09/8/2024 15:01

And the HL chair is alsion Platt???? is this the same useless maggot that sunk countrywide then got a 600k payoff???? OMG this effing country


what next Paula Vennells for PM

[con90210] 09/8/2024 13:33

Shocking really! They have sold up and smacks a little of hypocrisy!

[ochs] 09/8/2024 12:54

@saltaire111 Peter H has agreed to take 50% cash and 50% in the buy out vehicle according to the CVC RNS. Steve Lansdown as agreed to take 100% in cash. The only defence I can see for them is that both of them ultimately paid zero for their shares as founders and are hence still making a huge premium.

Not sure what took so much time though? - the deal on the table and options available (ie. 35% continuing equity) are the same as originally suggested 2 months ago! Still no mention of clients holding shares in ISA/SIPP as far as I can see - no thought given to HL client holders and other retail shareholders - shocking from a company and directors who claim to champion retail investors.

[con90210] 09/8/2024 11:24

Shocked at the low price here. Surprised the founders have just rolled over.

[alotto] 09/8/2024 08:51

Disgraceful. No concrete premium was offered, yet investors drooled for a 20-30p more. How cheap of them!
Especially the business founders... they gave away their baby reaping no benefits from the sale. The share price was bound for a recovery sooner or later. Here we go again, short sighted greed.
The more I look at the LSE the more I realize it is not a place for investors.

[porsche1945] 09/8/2024 08:42

CVC will pump it full of debt and re float in two or three years, same as private equity always do, think AA and Debenhams for where this is going. Most small investors were probably buying this around 16 quid, so have probably lost out, it went as high 23 quid I think, shows what a pos U.K. shares and U.K. investing is, capital destructive rubbish. Having said that in the oncoming sell off and without a bid where would these have been, a fiver?

[saltaire111] 09/8/2024 07:09

Lomax99 - I think they have the board in their pocket. Plus major shareholders will go with the alternative deal and maintain their ownership.

Salty

[action] 09/8/2024 06:53

Deal done on hl takeover

[lomax99] 09/8/2024 06:43

Not a great result, completely underwhelmed and unimpressed! The price is far too low to have Board backing.

[techno20] 09/8/2024 06:18

Hi - not quite, it’s 1110 + 30p divi. Still too low INV, but given the conditions over the last week it’s not been the best environment to push it up.

[saltaire111] 09/8/2024 06:10

£11.40 it is then! Plus 30p divi.

* I stand corrected! It’s £11.10 plus the divi. So £11.40 in total, as expected.

Salty

[stoopid] 06/8/2024 07:22

Ochs, remember that the bid price is 1100, plus a 40p dividend that is due later this year. So, not that far off. But there must be some serious issues with the bid if it's taken this long to decide if it should be accepted and yet another extension to Friday.I will be looking to buy in again if the deal falls through because the share price will be back at 800/850 as soon as no deal is announced..

[ochs] 05/8/2024 13:24

Interesting that the share price failed to rise when the further extension was announced. We are quite far off 1,140p now. I suspect the Consortium are wary of the current volatile markets and want to see if things calm down by Friday - otherwise I hope they decide to drop out.

[giltedge1] 05/8/2024 12:20

I sold few weeks ago, didn't like 2 tier bid, good company may buy back if bids fails.
Been my best investment this year, £7.00 to £11.20 in a few months.

[lomax99] 05/8/2024 10:43

Geez, not another extension. No more extensions please, you set the added time you provide!

[ochs] 04/8/2024 20:20

Deals like this and IPOs have in the past been called off at the last minute citing "market volatility" - so we can live in hope...

[lomax99] 04/8/2024 16:14

Hargreaves Lansdown enters crunch week for £5.4bn takeover bidHttps://www.cityam.com/hargreaves-lansdown-enters-crunch-week-for-5-4bn-takeover-bid/