Hargreaves Lansdown Share Discussion Threads

[beercapafn] 17/5/2019 09:22

Has anyone contacted thr IT dept re the appling state of the LIVE PRICES feed.

[lomax99] 17/5/2019 08:26

I was expecting non-PLC director share sales, which continues a pattern. I suspect those selling have a few left...... Doubt this will have any real impact.

[ochs] 16/5/2019 20:05

Share price certainly on a roll and that trading statement has been taken very well indeed by the market.

Big director share sales announced at 16:27 today - will that slow things down or not? A cool £5m for Mrs Dampier and just £600k for Mark himself - I wonder what they plan to invest/spend it on?

AJ Bell shares have also been on a roll recently, although they've dropped back a bit this week. They announce interims next Thursday (23rd). I wonder if there'll be a dividend?

[growthpotential] 15/5/2019 18:24

All aboard this rocket ship

[umitw] 15/5/2019 08:17

Their new client numbers increased as a result of JPM & B Gifford etc. how much would the numbers be without those asset transfers?

[mozy123] 14/5/2019 19:24

mb200 - i always have a problem with my heineken holding on hl. When markets are closed there is always a 6-7 euro spread on heineken, but only a very small spread when markets are open. Very annoying whenever im trying to record the value of the portfolio always having to check the holding to see if hl have the wrong bid/offer.

[lomax99] 14/5/2019 13:22

Trading update tomorrow, should be solid.

[beercapafn] 13/5/2019 16:55

mb200. aggree. The mobile app is very good now.

[mb200] 13/5/2019 16:39

Why have HL not sorted this live price problem out yet?? Its being weeks now! Having spoken to them several times, just keep repeating that IT are on it. Yeah right. Seriously considering moving my funds elsewhere!

[mb200] 13/5/2019 16:29

Why have HL not sorted this live price problem out yet?

[ochs] 10/5/2019 11:54

Based on recent years we are due a 3rd quarter/end of tax year trading update any day now - last year it was Tues 15 May, so I'm guessing Tues 14 May is most likely this year.

The share have recently hit an all time high (2332p) but most of the recent trading updates (despite being positive) have tended to cause the shares to fall as investors take profits. Will next week be any different? I'd like to know how the new Active Savings Cash service is doing - especially given retail investor caution at the start of this year.

[ochs] 08/5/2019 13:24

Impressive, I'm surprised they've beaten the amounts raised by their other 2 HL funds - especially considering performance hasn't been all that exciting. Great time to launch when plenty of well off clients were looking for somewhere to park this tax year's £20k ISA allowance - clever marketing as ever by HL.

[lomax99] 08/5/2019 07:55

HL.'s new Select Global Growth fund pulls in £298m:

[stewart64] 03/5/2019 09:44

Cheers beercapafn for the confirmation, prices used to be instantaneous. Not a problem for a passive investor, a serious issue for traders.

[beercapafn] 03/5/2019 09:05

Yes, it has beeen eratic for weeks.. They usualy sort out IT problems in hours - not 3-4 weeks. Get it sorted HL....

[stewart64] 03/5/2019 08:51

Anybody else finding a problem still with Hargreaves IT. Irrespective of location or hardware when you go onto the individual account the live prices are stubborn to start. Sometimes only way is going in and out of the accont to get live streaming.

[lomax99] 23/4/2019 13:21

Well it potentially introduces up to 21,000 new clients to HL's platform. In HL's interims they stated that 44% of gross inflows were from existing clients - a valuable future source of additional funds to the platform. Who knows, they may end up investing in higher margin products..

[ochs] 23/4/2019 10:59

Great for Assets Under Management, but if it's all investment trusts it won't provide much extra to the bottom line as shares and ITs have 0% annual charge in the Vantage F&S account. (0.45% capped at £45 in ISA, 0.45% capped at £200 in SIPP).

Also from the article "Baillie Gifford has agreed with Hargreaves Lansdown that charges for the scheme’s clients will not change for three years." - I wonder what those are?

[lomax99] 23/4/2019 10:20

JP Morgan the other week, now Baillie Gifford with £1.3bn:



A bit of a trend here.....

[stewart64] 17/4/2019 10:05

Major IT problems on the site these past two days, often just the 15 minute delay price. Not great for entry points and trading generally. ( intermittent..normal service just now)

[niggle] 10/4/2019 12:46

That 500 was my buy.

[lomax99] 10/4/2019 08:34

Another further mandate win for HL. from JP Morgan, which involves 33,000 clients and assets of £765m.



HL. are increasingly looking like the default choice for such mandates.

[lomax99] 02/4/2019 13:20

Nick Train lifts Hargreaves Lansdown stake to over 11%
Star fund manager buys more shares in Hargreaves Lansdown to raise holding in UK's biggest broker close to £1 billion.




Star fund manager Nick Train has bought more shares in Hargreaves Lansdown (HL) to lift his stake in the UK's largest broker above 11% and close to the £1 billion mark.

The moves comes after the Citywire AA-rated fund manager shelled out around £374 million to more than double his position in January.

According to a stock exchange announcement, Train (pictured) made his latest purchase on 25 March.

He now owns over 52.3 million shares in the £8.8 billion, FTSE 100 listed broker, which at Friday's closing price of £18.63 is worth around £975 million.

In a trading update for his Finsbury Growth & Income (FGT) investment trust after he pounced on the shares trading at eight-month lows after last October's market crash, Train hailed Hargreaves Lansdown’s potential for ‘explosive growth’ once the UK economy entered its next upswing.

While the manager noted that the stock had been one of the biggest detractors to his performance in January, he said you do not have to 'work too hard to see the bright side,’ for the business.

He added: ‘It is undeniable that growth slowed at Hargreaves Lansdown [in late 2018], during a very tricky time for UK politics and global stock markets.

‘Nonetheless the business did grow and, importantly, took share – now representing 39% of the direct to consumer platform market and nearly 32% share of the stock broking market.’

The overwhelming bulk of the company’s stake is held in Train’s £5.4 billion Lindsell Train Equity fund, a top performer that Hargreaves recommends in its influential Wealth 50 list.

The fund which owns around 5.1% of the stake, while Finsbury holds around 1.25%. The remainder is held across the group’s funds.

Shares in Hargreaves have tumbled from a record high of £22.62 last autumn. Even after that rerating it remains priced at an aggressive growth premium of around 33.5 times last year’s earnings, versus an investment management and fund peer average of 12.

Half-year results in January showed the company increased pre-tax profits by 4% to £153.4 million in the six months to December. Although assets under administration fell 6% to £85.9 billion, customer numbers rose 45,000 to nearly 1.4 million.

[mozy123] 02/4/2019 10:08

Looks like the Nick Train effect!

Chooochooo