Hargreaves Lansdown Share Discussion Threads

[ochs] 05/5/2020 14:04

Apols if you already know this but HL are good at saying in advance when they'll announce things

So it looks like the end of tax year trading statement will be Thursday 14th May this year.

[imastu pidgitaswell] 30/4/2020 16:45

I said the business model is good due to:

- the millions of people who will have to fund their own retirement from defined contribution schemes, now that defined benefit schemes in the private sector have gone - there will still be pension relief, even if the level is reduced;
- the millions who want ISAs
- the millions who want to simply invest in shares and/or funds.

And they will want to do it online, with the safety of using the biggest and safest. It's as close as it gets to a business model that will not be impacted by pandemics, with large barriers to entry. It's competitive, for sure, but it helps to be the biggest player.

The valuation, I tend to agree - it's not cheap, and that's why it is not (currently) for me. But it is valued on a forward earnings basis, and while possibly not growing this year, will grow in future.

Because of the business model, I am more than happy to buy more if I buy too early. But no rush as far as I can see just yet.

(I do my own investing, nothing in funds, so they only make £200 a year out of me - no percentage commissions!)

[privileged] 30/4/2020 16:35

Imastu. Why do you think business good? The valuation looked very toppy to me and still does. The next austerity phase is sure to cut pension relief I reckon plus when the markets fall back again their performance fees will be much lower as AUM will decline. Plus the holders sizeable sales plus newer challenger entrants to market. I say sell. Imo

[its the oxman] 30/4/2020 14:41

Today 1480p is more a buying likely precisely the time to buy with shares down 10% on a non trading issue. Tempting. Potential to recover very strongly now from this level if next update is ok. Though Aj bell is currently setting the pace.

[lomax99] 30/4/2020 13:32

There speaks a shorter....... (no vested interest there!)

[porsche1945] 30/4/2020 13:03

The overhang of the owners huge holdings now constantly being dumped into market is a real problem, pity those two webbed toes idiots hadn’t sold out a long time ago. Probably makes these uninvestable till they are out. I’ve taken my profits, will let them drift lower and more shares get dumped before I go back in. 30 pc profit in a month not too shabby tho, equates to 14k😁

[mac15] 30/4/2020 11:15

One of the founders cashing in.

[imastu pidgitaswell] 30/4/2020 10:20

Not a holder (am a customer) - had on watchlist for a while as it faced the Woodford fallout before CV19.

Good example of a business that would do well in this altered environment, so was a case of waiting for the bottom. I missed it (busy elsewhere), and at 1600-odd not so keen (or less keen than 1200).

But I can always change my mind. As you have bought, I would say just hold on - maybe add if it fall back, as the business model is resilient to almost all of the CV19 issues. But wdik?

:-)

[beercapafn] 30/4/2020 10:01

Thanks. IMastu.

[imastu pidgitaswell] 30/4/2020 09:56

See the volume - big investor trade sale at a discount I guess.

[beercapafn] 30/4/2020 09:23

Disappointing: Down 6% overnight. I cant find any reason.

Help. I bought @16.50 yesterday affternoon.

[porsche1945] 30/4/2020 09:10

disappointing open, bought into these around 13 quid, an entry point i didnt think i would see, but not making the headway other shares are on the bear market rally.

[beercapafn] 30/4/2020 08:06

what is going on.!!!

[growthpotential] 27/4/2020 20:05

When is this rocket ship going back over 2000? Doesn't really matter but it will...

[lomax99] 23/4/2020 15:46

Lindsell Train have just increased their holding in HL. by just over 1%, now holding just over 13%.

[tim 3] 05/4/2020 11:01

Agree times like this are excellent times to be picking up quality on the cheap and not listening to all the doomstersGood companies before the outbreak will remain good companies after.It may take time even years and picking the bottom is for mugs but we will look back and see this was a good time to buy shares.imo

[ochs] 03/4/2020 12:37

That's great news - also it's end of tax year, which usually gives HL a big boost.

[robinnicolson] 03/4/2020 11:13

FT article today: "Surge in investment account openings on UK platforms"

Investment platforms have reported a spike in new account openings since the coronavirus pandemic triggered a market sell-off, as investors look to pick up shares in a tumbling global market and find safe havens for cash.

Danny Cox at Hargreaves Lansdown said: "We have seen elevated demand for new savings and investments accounts, with a slightly younger profile than we would normally expect."

Share Centre: 269 per cent increase in brokerage account openings March 9 -30 compared to same period in 2019.

Interactive Investor for period February 18th and end of March compared to same period in 2019:
119 per cent increase in number of ISA's opened + 50 per cent increase in SIPP's opened.

Vanguard UK: 3 x increase in new accounts in Q1 2020 compared with Q1 2019.

Halifax Share Dealing suspended new accounts as already struggling to support existing customers.

[lomax99] 01/4/2020 10:02

AUM will have taken quite a knock, expecting an uptick in new clients/cash on AS following recent marketing campaign.

[amt] 01/4/2020 08:18

Yes you are right it's not that significant. I just checked.

[ochs] 31/3/2020 10:08

That is true, but HL do make most of their money from the 0.45% annual charge (levied on 28th of each month) and it is bound to have taken a hit in March. Most of this charge comes from portfolios held in unit trusts and OEICs.

However as a long term buy the shares are looking cheap at the moment. Woodford will soon be forgotten - who would want to transfer their account during a crisis? I'd sooner stay with the largest and financially strongest broker which has no debt and cash in the bank.