Hargreaves Lansdown Share Discussion Threads

[beercapafn] 08/11/2018 14:14

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

[tenapen] 16/10/2018 07:35

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

[tenapen] 13/10/2018 07:17

Lemmings !

[thomstar] 12/10/2018 15:31

still tanking

[rndm355] 12/10/2018 11:49

Hargreaves Lansdown article - The type of company to buy when Mr Market is gloomy hTTps://cube.investments/hargreaves-lansdown-hl-the-type-of-company-to-look-for-when-mr-market-is-gloomy/

[beercapafn] 11/10/2018 13:17

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

[lomax99] 11/10/2018 12:47

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.’ Https://citywire.co.uk/new-model-adviser/news/hargreaves-lansdown-shares-dive-7-on-industry-wide-slowdown-warning/a1164176 Also the FT: Https://www.ft.com/content/33d59f0c-cd2a-11e8-9fe5-24ad351828ab 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

[lomax99] 04/10/2018 07:46

Hargreaves Lansdown downgraded by Numis to factor in the market's recent slide Numis Securities still likes the company but has trimmed its earnings forecasts after the market fell 1.8% in the third quarter Numis Securities has abandoned its positive stance on Hargreaves Lansdown PLC (LON:HL.) ahead of the wealth management firm’s fiscal first quarter trading update next week. The new rating is ‘hold’, down from ‘add’, with a price target of 2,102p. The shares currently trade at 2,178p, down 25p on the day. Numis expects Hargreaves Lansdown (HL) to report net inflows have risen 10% to £1.74bn compared to net new business of £1.54bn in the same period of last year, with assets under administration (AuA) up 0.1% from the June year-end to £91.7bn. In the three months to the end of September, the market has fallen by 1.8% so the net inflows will just about cover that shortfall but the market slide has prompted Numis to trim its full-year earnings per share forecast by 2.9% to 55.6p. “We believe HL is a structural growth story, which it has been ever since IPO and should remain, possibly for decades to come,” Numis said. “Despite the scale that HL has built, our organic net inflow run rate remains in double digits where we believe it can remain over the medium to long term due to the structural industry growth,” the broker said. Numis believes the force is with Hargreaves Lansdown, largely because of the shift to private pensions and the increasing popularity of do-it-yourself portfolio management. [...]

[lomax99] 17/9/2018 12:58

Active Savings rolled out to all customers: Https://www.ft.com/content/39711190-b5af-11e8-bbc3-ccd7de085ffe Http://citywire.co.uk/wealth-manager/news/hargreaves-lansdown-goes-after-banks-with-cash-product/a1153802

[lomax99] 04/9/2018 07:43

FT Advisor 30 August Hargreaves targets adviser clients for platform growth Hargreaves Lansdown is targeting clients of adviser only platforms as a source of future growth. In its annual report, the FTSE 100 direct to consumer platform said it had assets under administration of £91.6bn in the year to 30 June 2018. But the company said the total private wealth market in the UK was £1.6trn in size, £1.1trn of which it considered "addressable". The company stated: "Outside the direct-to-consumer space, the bulk of this addressable market is held through independent financial advisers, independent wealth managers and vertically integrated firms. "A significant amount of this investment pool will have been initially advised upon, maybe many years ago, but now receives no ongoing advice and little support. "This provides a rich source of potential transfers to Hargreaves Lansdown as clients look to consolidate all their investments on to our platform." The number of clients left behind by advisers is growing, according to the regulator. The Financial Conduct Authority said in the interim report of its platform market study, published in July, it had seen a 9 per cent increase in the number of orphaned client accounts between 2016 and 2017. The regulator warned orphaned clients could end up paying more with some adviser platforms imposing fees of up to 0.5 per cent in addition to their pre-existing platform charges. Hargreaves said the direct to consumer platform market is £206bn in size, of which Hargreaves Lansdown has a 39 per cent market share. The firm added it will continue to buy books of business held directly by asset managers. The company said: "Industry expert Platforum also estimate that £30bn is held directly with asset managers who are increasingly realising that they are not set up to service direct retail customers. "This provides a source of transfers or an opportunity to acquire the entire direct back books from fund management groups. "During the year we acquired a back book from Old Mutual Global Investors and in previous years acquisitions have been made from Jupiter, JPMorgan, Legg Mason and BlackRock. "We are actively pursuing similar deals working with fund groups and the FCA to ensure affected clients can be transitioned effectively." The company added it was now the largest provider of Lifetime Isas in the UK, with 42,000 client accounts and assets of £218m. The company said about half of its Lifetime Isa clients were new clients to the business.

[stewart64] 30/8/2018 15:56

It was up and running for me again at around 4:20 before close...their end because they had a note on the site it was down.

[lomax99] 30/8/2018 15:27

No issues here, uninterrupted access.

[stewart64] 30/8/2018 15:19

Site is crashed just now..a lot of frustrated customers no doubt.

[lomax99] 08/8/2018 09:09

High valuation, yes, but the increased investment during the last year positions the business well for growth in the years ahead. Broker forecasts for YE 2020 suggests EPS of c. 70p, holding today's PE rating at today's opening price would translate into an share price of c. £28.65 - c. 41% higher in 2 years time.

[privileged] 07/8/2018 10:48

Very high valuation though

[lomax99] 07/8/2018 07:24

Another solid set of numbers, with investment to drive/support future growth.

[lomax99] 01/8/2018 12:53

Results next Tuesday..

[rabbrooks] 23/7/2018 14:48

I'll stay at HL but today i sold my holding for a 88% profit which reflected an annual profit of 22%. I an also pleased with the performance of the UK Select fund which i will continue to hold. Good company which may enter my portfolio again.

[privileged] 23/7/2018 07:16

HL priced for perfection surely.I switched to AJ Bell a couple years back and think the service is at least as good and is cheaper.

[robinnicolson] 16/7/2018 16:54

Citi: "Any reduction in exit fees would likely only have a small impact on earnings for platforms such as Hargreaves Lansdown. But increased ease of transfer between platforms could lead to a lower retention rate (i.e. lower net flows). This has been stable, and high, at around 93% for many years. More transparency of pricing could also bring the relatively higher costs of platforms such as HL into consumer focus."