Hargreaves Lansdown Share Discussion Threads

[hpcg] 07/6/2019 10:03

gettingrichslow - IG are very good in terms of support as they are brokers, their universe is broader and their costs lower, especially foreign exchange. They need to transition their HTML5 cfd platform to their brokerage products and provide a corporate action engine and they would be better than HL, given that they also provide DMA. I think they could then go aggressively after HL on an ETF vs managed fund basis. The main existential threat to HL is that open ended managed funds are the worst way to invest.

Expecting this bounce to continue or at least sustain, simply normal market behaviour. Price needs to get back to the trend line.

[norland1] 07/6/2019 10:02

Can't understand why HL took so long to remove Woodford from their Wealth recommendations. This will badly affect their reputation and will take years to recover. Never took any notice anyway as I always had the feeling that there was something in it for them to make these Wealth recommendations.

[ochs] 07/6/2019 10:00

Nice little bounce this morning.

For those not familiar with how HL makes the bulk of their money... it's down to a monthly fee (based on a base yearly rate of 0.45%) and so if markets rise generally HL profits will rise (as head count won't increase). Therefore despite Woodford issue this week with world markets rising (espec US) that is positive for the bottom line in the short term.

HL are trying to be less reliant on markets by pushing their newly launched Cash service (called Active Savings) - basically it's like a fund supermarket but for cash accounts with easy online switching between partner banks - if it takes off it could potentially be very big and attract money from savers who don't want to take the risk of stock market investment. I'm not aware of any other service which allows easy switching between banks offering different interest rates?

[gettingrichslow] 07/6/2019 09:35

Having used pretty much all of the key players over the years, my view is that HL are comfortably the best platform out there. Yes, they are more expensive than most but I've lost count how many times people I know have switched away and then switched straight back when they've had problems elsewhere. I see no compelling reason why HL won't continue to dominate in the long run and continue to hoover up disgruntled customers from elsewhere where systems are down, nobody answers the phone, rights issues are garbled etc etc. IG don't even provide divi reinvestment!

[expletive deleted] 06/6/2019 23:09

Not a very intellectual poster that can't understand that something that has already gone lower can go lower still.

[chucko1] 06/6/2019 23:07

Which fantastic margins? The ones in danger of being competed lower?

[growthpotential] 06/6/2019 22:39

Not a very intellectual forum when someone predicts it's going lower, when it has already gone lower. Anything sub 20 is a fantastic buy. People will forget Woodford in a few months and then we can focus on those fantastic margins

[archy147] 06/6/2019 20:55

Thanks Effortless.

Must say I agree with you wholeheartedly. £10bn - crazy!

Don’t short stocks myself but good luck with yours!

[effortless cool] 06/6/2019 15:36

Archy147,

In my view it was ludicrously over-valued - £10bn! - and has now come unstuck due to its support for Neil Woodford.

I still see a lot of downside potential and, unlike several on here apparently, have no intention of closing my short.

[davethehorse] 06/6/2019 15:23

Short, short, short

[archy147] 06/6/2019 14:53

Sorry I said 30s, its actually knocking on the door of 40.

Although doing well enough, it's not a high growth company that might rocket, am i missing something?

[archy147] 06/6/2019 14:28

Hi guys thinking of investing here - but can anyone please explain why the company has always traded on a PE in the 30s?

[elcapital2018] 06/6/2019 14:18

born loser. He isnt short, he is skint and lives in a tent.

[stewart64] 06/6/2019 13:50

Regarding Hargreaves I think their service is generally excellent..as a frequent trader, £5.95 isn't bad per deal and due to their size they usually offer a discount off the spread. My main criticism is the IT, it just isn't instantaneous on price action no matter what the hardware/ software used. Sure if you stay with one stock or one portfolio it becomes live eventually. But damn annoying switching stocks or portfolios having to reboot half a dozen times to get the live action. Unbelievably poor IT for a company this size.

[porsche1945] 06/6/2019 13:31

Really heading south now, something coming from FCA shortly I assume. Some big sales going through, wonder if Lindsell Train is starting to dump them.