Hargreaves Lansdown Share Discussion Threads

[ochs] 29/1/2019 10:26

Yep, noticed that, thanks. Would you mind checking if you can access the results statement on the HL site via the "Company Announcements" tab when viewing the HL share price? I can't (on Chrome or Explorer) but I gather some people can, so I'm not sure what the problem is.

[lomax99] 29/1/2019 09:51

The Interim results, analyst presentation and data pack were here:



before market open this morning.

[ochs] 29/1/2019 09:23

So as per my comment above in order to read the HL half year results statement you must use ADVFN rather than their own website ;)

[ochs] 28/1/2019 21:08

Anyone else noticed that no RNS's are showing on the HL website for any stocks since early December as far as I can tell. Seems a little carless to say the least!

[lomax99] 16/1/2019 09:07

Another decent portfolio transfer for HL, it’s 7th such transfer. Up to £420m being transferred from Witan:

[saltaire111] 11/12/2018 11:48

EH9 - I’m hanging onto AJ Bell, in fact considering buying more. I think they are a threat to HL given their excellent service levels, keen pricing and reliability. Their marketing’s better too. HL’s marketing is lousy these days. They used to be great but not any more.

Salty

[lomax99] 07/12/2018 13:23

HL. are the class act in the sector. I can't see them losing any sleep over having AJB as a competitor, in any event HL.'s long term growth will come from targeting the right segments of the general wealth/savings market, not what is already on D2C platforms.

[eh9] 07/12/2018 13:17

It looks like every customer was capped at £50k. Question is whether to sell

[saltaire111] 07/12/2018 10:46

Well nobody likes a smarty-pants but the 33% increase in the AJ Bell share price this morning is bang in line with my prediction from last week!

As expected my application was scaled back and I ended up getting just £50k worth of shares - I applied for £250k.

I’m hanging onto the shares and will watch with interest as AJ Bell starts to gobble up market share from HL.

Salty

[saltaire111] 05/12/2018 11:25

I’m going for it with the AJ Bell float. The numbers look good to me and the discount against HL is compelling. I think AJ Bell’s prospects are better than HL in the longer term, I think their platform is better and HL’s marketing is poor in my view in comparison. I received HL’s latest pensions marketing message the other day and the covering letter sent to me was blank - Dear Mr ..... and that was it!!

I’m suspect my application will be scaled back but let’s see...


Salty.

[tyranosaurus] 30/11/2018 10:21

I went on HL website and viewed my recently viewed shares.
I had not logged in !!
This is rather disconcerting.

The new issues news on HL is poop as last entries are June and July.
They could really do a lot better.

[saltaire111] 28/11/2018 20:42

I got the 12.3 by dividing the current HL share price with the mean forecast float price for AJBell. Because I’ve looked at the total number of shares in issue for both companies and the respective earnings per share, I think this works ok as a like for like indicator. And it suggests that AJ Bell is undervalued at £1.60 a share.

[mozy123] 28/11/2018 12:52

Not sure on your 12.3 figure, you seem to be comparing the price of two shares and not looking at the market value of the company.

In a market statement released this morning, AJ Bell said the price range for its IPO on 12 December will be between 154p and 166p per share.

Based on 2019 analyst forecasts, that will place the shares on a price-earnings (PE) ratio of between 22 times and 24 times. FTSE 100-listed Hargreaves Lansdown (HRGV) trades on a PE ratio of 33 times.

[saltaire111] 27/11/2018 20:56

Dear HL shareholders, I’m trying to evaluate the investment case presented by the AJ Bell float. Looking at the prospectus that’s just been published, AJ Bell made profit before tax of £28,359k. HL made £292,600k. HL’s EPS is £0.496. AJ Bell will have 406,516,420 shares in issue post float. That means the AJ Bell EPS will be about £0.0698 per share. The range for AJ Bell shares is an average of £1.60 per share so AJ Bell’s indicative pricing per share is a factor of 12.3 against HL. So you get 12.3 AJB for each HL equivalent. This puts AJ Bell EPS on a like for like basis at £0.846 per share - much better value than HL. Am I missing something obvious?

Thanks for your help.

Salty

[beercapafn] 08/11/2018 14:14

Iomax99 A big Thank You... That was very informative.

[tenapen] 16/10/2018 08:35

.... of which a Director isn't after buying yesterday and leading to good volume today .... so far !

[tenapen] 13/10/2018 08:17

Lemmings !

[thomstar] 12/10/2018 16:31

still tanking

[rndm355] 12/10/2018 12:49

Hargreaves Lansdown article - The type of company to buy when Mr Market is gloomy

[beercapafn] 11/10/2018 14:17

1945... Totaly wrong. H&L are brillent. Worderful platform - loads of info and research.

[lomax99] 11/10/2018 13:47

Citywire:

Hargreaves Lansdown shares dive 7% on 'industry-wide slowdown' warning
Hargreaves Lansdown shares have dropped 6% in mid-morning trading after it warned of an ‘industry-wide slowdown’ in net retail flows.

Hargreaves Lansdown shares dive 7% on 'industry-wide slowdown' warning


Hargreaves Lansdown shares dropped more than 7% in mid-morning trading after it warned of an ‘industry-wide slowdown’ in net retail flows.

Amid a wider global equity sell-off which sent the FTSE 100 down 1.6% in early trading the warning from Hargreaves - which is highly geared to moves in the stock market - appeared to strike a nerve.

In a trading update, the firm warned that an uncertain market environment and weak investor sentiment has caused net retail flows to be hit across the industry during the past three months.

Hargreaves Lansdown reported net new business of £1.3 billion in the third quarter of this year, down 13% on the £1.5 billion it accumulated in the same period a year ago.

But it also reported a 3% rise in assets under administration to £94.1 billion, and net revenue for the period of £120.8 million, up 16% year-on-year.

Hargreaves Lansdown chief executive Chris Hill (pictured) said: ‘I'm pleased to report a solid start to our financial year for growth in clients, net new business and revenue.

‘The past quarter has seen an uncertain market environment and weak investor sentiment resulting in an industry-wide slowdown in net retail flows.

‘Despite this backdrop, we believe the strength of our business model positions us well for when sentiment improves.’

It comes after the firm last month warned that retail investors are feeling more fearful than they have been at any point in the last 23 years, with confidence in UK equity dropping below where it stood in the credit crunch.

Hargreaves Lansdown said its internal index of investor sentiment, which it has compiled monthly since 1995, plummeted four points to a record low of 58 in September, versus a bottom of 61 in late 2008.


In a note on the firm, broker Peel Hunt maintained its ‘hold’ rating but said Hargreaves remains a ‘unique asset’, adding that ‘with a dominant position in the direct to consumer market (38% market share), the ability to deliver inflows regardless of market conditions and the consistent delivery of high returns.’

Company analyst Stuart Duncan said the firm’s Active Savings cash product will be ‘another source of strong growth for Hargreaves Lansdown in the coming years’.

He added: ‘While more volatile market conditions are a challenge, the reality is that Hargreaves Lansdown can continue to deliver long-term growth.’



Also the FT:



In September, Hargreaves began offering customers a choice of fixed-term cash savings accounts from seven banks and buildings societies.It is pitched as a way that customers can save time and gives Hargreaves revenue in the form of fees from the banks.Hargreaves now manages £100m of client money in these “Active Savings” accounts