Hargreaves Lansdown Share Discussion Threads

[spob] 04/8/2017 08:06

being hugely overrated doesn't help

[cwa1] 04/8/2017 07:35

Interesting announcement, don't suppose the market is going to like it:-

[patientcapital] 06/7/2017 07:51

No troubles with app on iOS.

[garycook] 06/7/2017 07:48

Problem with Logging in to HL.Website this morning.It is not accepting even the correct 3 Digits from your Master Password !!!

[broadwood] 18/5/2017 08:27

Financial advising firm Hargreaves Lansdown said assets under administration rose 10% to £77bn as it reported a trading update for the four months to April 30 and announced that chairman Mike Evans was stepping down.


Evans said he would leave HL once a successor was found.

HL said net new business for the period came in at £3.3bn, with year to date net new business at £5.6bn, driven by a recovery in investor confidence ahead of the end of the tax year, new product launches, higher annual ISA allowance and the launch of Lifetime ISA.

Year-to-date total net revenue rose 17% to £315.7m.

"The group's flows have also benefited from its increased digital marketing presence, including the launch of our new smart phone apps, and transfer activity as our clients continue to consolidate their wealth onto our platform. We welcomed 56,000 new clients in the period, taking active client numbers to 932,000," HL said.

Hargreaves shares were hit hard on Tuesday (May 16) as rival Vanguard launched a low-cost direct-to-consumer service with an annual account fee of 0.15%. Hargreaves charges 0.45% per cent of invested wealth for a tax-efficient ISA account on top of fees charged by the fund managers

[broadwood] 18/5/2017 07:08

We are pleased to report a strong period for net new business, reflecting the diversified nature of Hargreaves Lansdown.

The breadth of our product offering combined with the provision of high quality services tailored to help meet the needs of our clients has allowed us to deliver significant growth over a period of improving investor confidence. These attributes position us well for the structural growth opportunity in the UK savings and investments market

[lomax99] 17/5/2017 08:06

Not expecting a lasting impact for a long time, inertia will ensure that and HL will have evolved further in the meantime. Trading statement due tomorrow.

[edwardt] 17/5/2017 07:51

apparently on 5% of hl clients are in trackers. this stock could be interesting if slide worsens...

[edwardt] 16/5/2017 16:22

8% fall on back of vanguard coming to the uk d2c market . really? bet a quick survey of hl clients would be 99% would not just buy tracker funds from one provider. also no sipp business on vanguard offering. I may sharpen me pencil here if the fall continues....

[tyranosaurus] 19/10/2016 13:20

I would not invest in HL.
They have made a complete mess of the Tritax Big Box share offer.
More than one day after the new shares started trading, lots of investors cannot trade these and have not been communicated with at all.
Not the way to keep customers.

[broadwood] 07/9/2016 11:35

Hargreaves Lansdown slipped slightly lower this morning, despite the group announcing a record pre-tax profit of £218.9m for the year to 30 June. Hargreaves said that customer numbers rose by 100,000 to 836,000, lifting assets under administration by £6bn to a new record of £61.7bn.
Its legendary profit margins appear to remain intact. The group’s operating margin rose to 56%, up from 50% in the previous year. Although critics have sometimes suggested that such high margins may be vulnerable to increased competition, Hargreaves’ dominant market share appears to have prevented this so far.
The group’s overheads are largely restricted to staff and IT costs. Capital expenditure was just £6.6m last year, and 91% of this year’s profits will be returned to shareholders as dividends.
One slight concern is that chief executive Ian Gorham has decided to step down after seven years in the job. Mr Gorham will leave by 30 September 2017, with finance director Chris Hill expected to take over the position. There’s clearly nothing untoward here, but chief executives often time their departures to coincide with a company’s peak performance.
Hargreaves stock trades on 35 times trailing earnings with a dividend yield of 2.6%. The group’s past growth and profitability help to justify this valuation. However, earnings and dividend growth are expected to be slower in the future.
While I believe the shares remain a strong hold, I’d want a higher dividend yield before buying more

[broadwood] 07/9/2016 07:08

Strong statement.




"We are delighted to present a set of results demonstrating a healthy profit growth and continued substantial new assets and clients. Hargreaves Lansdown is well positioned to take advantage of the structural opportunity for growth in the savings and investments market, including the launch of the Lifetime ISA in April next year

[broadwood] 19/5/2016 08:17

Financial services firm Hargreaves Landsdown (HL) said assets under administration rose 9% to £60.3bn in the four months to April 30, despite a quarter of investors saying uncertainty over Britain's EU membership was "reducing their propensity to invest".
Net inflows were down to £2.30bn from £2.75 billion in the same period last year, with cumulative total net inflows of £5.07bn in the ten months to April 30 compared with £5.00bn year on year.

Despite the "Brexit" uncertainty, total active clients rose 15% year on year to 822,000.

Chief executive Ian Gorham said the company had seen "strong new business and client growth for the period notwithstanding a challenging ISA season for the industry in the context of volatile market conditions, low investor confidence and 25% of investors quoting current uncertainty over EU membership as reducing their propensity to invest".

[mikeran] 03/2/2016 08:06

a predictable start from the City players- drop it and buy in , good scheme to make more money . Thank goodness HL is not BP

[broadwood] 03/2/2016 07:37

Excellent results in a very tricky period.

[mikeran] 02/2/2016 10:10

requests for info is one thing actually choosing to buy is another . The market players already have taken and continue to take their slice of Cake. the mistakes are written in by Government a continuing PPI, giving any of this to any institution to sell And some 14 billion scooped off as the GO revenue share and a large slice to the ambulance chasers who are still advertising . Hence the today share price on Llloyds see what the results bring both for LLoyds and HL this month. But I guess another slice of market speak " below market expectations.

[packman8] 01/2/2016 09:08

Is Lloyds sale now postponed going to affect HL due to over 1/4 million requests for info?

[mozy123] 15/1/2016 12:20

Hl is leveraged to the performance of its clients investments.

Ie same fixed costs but lower revenues (AUM) - squeeze margins.

plus a P/E ratio of 40 times seems overvalued since growth has slowed in recent years.

[par555] 15/1/2016 09:30

Share price down 16% in 2 weeks. Anyone any idea why ? I know the market has declined generally but not that much.

[broadwood] 09/12/2015 16:46

Hargreaves Lansdown has been the best-performing company in the FTSE 100 so far this year, data from the London Stock Exchange has shown.

The Bristol-based company grew by 44.86 per cent between 1 January and 8 December 2015.




Danny Cox, head of communications at Hargreaves Lansdown, suggested the company may have benefitted from the introduction of pension freedoms legislation, which came into effect on 6 April.

Mr Cox said: “Pension providers are still divided into those, such as HL, who want to give their clients the choice to exercise the freedoms, and those who were more worried about asset retention.”

According to Mr Cox, the firm has also shown financial strength because it is “diverse with great value products, has a good management team, a commitment to clients and innovation, excellent compliance controls and a strong brand”.

Background

During 2015, HL launched three multi-manager funds to add to its existing five. The company has more launches planned.

In 2016, it plans to launch its peer-to-peer marketplace and a cash-broking service to allow people access to different types of cash accounts with different banks and building societies through one