Hargreaves Lansdown Share Discussion Threads

[liquidkid] 05/9/2019 15:24

Total yield of 2.06% would be safer & better return in a bank: HL Active Savings & Sharia investing BLME Bank of London and The Middle East plc 2.45% 3 years 11/09/2019 MARKET LEADING SHARIA RATE BLME 2.35% 2 years 11/09/2019 MARKET LEADING SHARIA RATE BLME 2.10% 1 year 11/09/2019 & Metro Bank PLC for comparison 1.96% | 2.00% 3 years 11/09/2019 Metro Bank PLC 1.94% | 1.95% 18 months 11/09/2019 Aldermore Bank 1.90% | 1.90% 3 years 12/09/2019

[lomax99] 05/9/2019 12:21

Hope the shorters are looking forward to Sep 26th, when they will be on the hook for the final and special dividends (total 31.7p per share).

[mac15] 04/9/2019 10:14

https://seekingalpha.com/article/4289462-hargreaves-lansdown-one-stop-investment-platform Positive comment

[lomax99] 28/8/2019 12:41

As stated above, a comparison to Beaufort or SVS is, frankly, ridiculous. HL. segregate client funds and have a strong balance sheet. From the same article you quote: Jeremy Fawcett, head of research at Platforum, which analyses the performance of fund platform providers, said: “The Woodford affair is undoubtedly a setback for a core strategy and at a time when competition is getting stiffer. However, shorting Hargreaves has been a painful experience in the past and betting against the long-term increase in demand for online investing is bold.” So obviously short, knock yourself out....

[liquidkid] 28/8/2019 11:22

That "plenty of cash?" Ain't yours. That "load of rubbish" hodl in your best buy portfolio Is. Yours. Short bets against Hargreaves Lansdown, by Lansdowne Partners, have reached all-time highs as the UK’s largest fund supermarket continues to be dogged by the turmoil surrounding the sudden closure of Neil Woodfeld’s struggling equity fund. Hargreaves, which funnelled more than £1.6bn of investors’ money into Bloford’s now-frozen flagship fund, is under attack from short-sellers following intense criticism of the FTSE 100 company’s decision to continue to promote the highly celebrated asset manager’s £3.7bn fund right up until withdrawals were blocked... Courtesy of 2019 FINANCIAL NEWS Chris Newlands and David Ricketts The News Building 1 London Bridge Street, London

[ochs] 28/8/2019 10:48

What a load of rubbish, you can't compare HL to the likes of Beaufort or SVS - have you ever looked at their balance sheet? Plenty of cash and no debt... one of the very safest places for private investors to hold their money and investments.

[liquidkid] 28/8/2019 10:05

Meanwhile back at the ranch, Like Beaufort, SVS Securities, another Broker goes under with ALL client assets frozen. Here shows the level of sophistication of the typical private investor. The FUCS Financial Services Compensation Scheme is primarily for cold hard cash in banks and building societies. When it comes to brokers, As it could be with HL it is quite nuanced. The bigger they are the harder they fall. Retail are last in the queue. The £85k limit is held with high counterparty risk. Even with clients assets ring fenced, presumed safe & secure, final settlement & restitution will be a long time coming. Beaufort took three quarters. The inexpiable omnishambles of the Woodfeld Hargrieveds Lambsdown racket is yet to have its denouement, HTTPS://www.thisismoney.co.uk/money/investing/article-7400489/HARRY-MOUNT-came-home-holiday-111-000-savings-gone-missing.html

[mac15] 27/8/2019 09:46

Sp up today in a down market, despite from bad to worse news from Neil woodford. Any reason for the rise?

[lomax99] 14/8/2019 12:24

What a load of clap trap LK, short per chance?

[liquidkid] 14/8/2019 12:15

The cash is not large enough. Compared to the customers Hargrieveds lambsdown have fleeced. "ALL the investments are held through platform that promoted both Woodford funds as ‘best buys’ right up until Equity Income’s suspension" HTTPS://www.thisismoney.co.uk/money/comment/article-7344467/amp/JEFF-PRESTRIDGE-going-act-Mr-Watchdog.html

[ochs] 14/8/2019 11:23

I guess they're not expecting any legal action, and besides they have a large amount of cash in the bank and no debt.

[liquidkid] 14/8/2019 11:15

That's also a RED FLAG! Accounting trickery to boost the p&l. Missed the consensus forecast of £307m anyway. Unfortunately the FSCS levy of £6.8m was higher than the £4.5m expected. Another RED FLAG is absolutely no mention of any financial provisions to potential losses/fines/investigations associated with Woodfeld. HL lawyering up?

[ochs] 14/8/2019 10:44

In answer to 18bells, we don't know what bonus Chris Hill and the finance director gave up, but chances are it was at least as high as 2018, so that would mean approx £1.7m for Hill and £1m for Johnson. My assumption is this money has gone back into cash reserves so has slightly boosted the reported pre-tax profit for year ending June 2019 - £305.8m, so would have been about £303m if the bonuses had been paid (2018 £292.4m).

[liquidkid] 14/8/2019 10:29

HL is a bucket shop. The waiving of their bonuses is insignificant in the Woodfeld scheme. HL waiving the WEIF fees is a front. Its a double charge. Woodfeld is being paid by its hodlers not HL. The directors salaries & bonuses are a smokescreen.

[porsche1945] 14/8/2019 10:01

Billionaires Pocket $100 Million Dividend As Ordinary Investors Remain Locked In U.K.’s Worst ‘Dog Fund’ HL total scumbags.

[18bells] 08/8/2019 12:00

So the bosses at HL at not cashing their £m bonuses but whats happening about that cash?Is HL willing to contribute that cash amongst the victims of the Woodford saga or inject that money back into the HL cash income to compensate for the losses of not charging Woodford holding fees?

[ochs] 08/8/2019 11:37

The 4 significant things which have made the shares rise today are probably :- - Chris Hill (CEO) and the CFO agreeing to waive their 2019 bonuses (not just defer as previously announced). - Statement regarding business post Woodford "Since these announcements, Hargreaves Lansdown's own business flows and service levels have held up well." - AUM for the Active Savings cash service reaching £1 billion in July - although this is still small scale compared to the potential when you consider that this is from only 28,000 clients. - Total dividend up 5% (SJP kept their interim level last week).

[ochs] 08/8/2019 10:15

HL clients don't hold other versions of the Woodford fund. The reference to 'direct' means as opposed to holdings via HL Multi-manager funds which are 'indirect' where a fee is charged (quite rightly) on the MM fund itself.

[liquidkid] 08/8/2019 08:24

The z-class WEIF works out as £576 million so it looks like no retail client soldl. Assuming HL charge 75bps on woodfeld, we took the decision to waive our platform fee where clients directly held this fund. The loss of revenue is estimated at £360,000 per month and Link Asset Services, the fund's Authorised Corporate Director, has confirmed that trading will likely be suspended until early December. "The Financial Services Compensation Scheme (FSCS) levy rebased upwards by £3.3 million or 94% to £6.8 million." Revenue on Cash increased by 74% to £73.2 million Clients cash hodl is also at risk.

[liquidkid] 08/8/2019 07:32

OK corrected: waived fees "where clients *directly* held this fund" ie the z-class hodl's which are pure HL clients so not all clients? "Recent growth in the HL Multi-Manager funds has been subdued especially given a number of these funds have holdings in the Woodford Equity Income Fund"

[lomax99] 08/8/2019 07:22

No it does not, they announced they were waiving their platform fee for the gated income fund within days of it being gated.

[broadwood] 08/8/2019 07:13

Holding up well considering..