Hargreaves Lansdown Share Discussion Threads

[lomax99] 21/10/2020 12:29

Did likewise, gearing up for a more significant purchase if opportunity presents itself. Suspect a number of funds will be interested around this level.

[ochs] 21/10/2020 12:21

Dipped my toe in again, this time just under 1350p

[bogman1] 21/10/2020 11:42

Definitely a growth market in spite of all the issues they continue to grow, Mr market will catch on eventually. Should be a defensive stock in these times

[imastu pidgitaswell] 21/10/2020 11:39

These were around £15 (and falling) when robinhood stated they were not coming to the UK. They then quickly rose North of £19 on that news, since dropping back.

A few other factors for the doom mongers are at play - Woodford, litigation threat, competition, margin erosion; against that, they just keep increasing revenue and profit. Even the earnings multiple isn't very stretching now - under 20.

Excellent value at these prices - or lower.

[bogman1] 21/10/2020 11:29

HL share price was dropping when robinhood was going into the uk. Which they have decided against for the moment. Personally I won't have any shares or money online after losing 16 bitcoin in the mt gox hack. (Worth 30 at the time, but a fortune now!) but I do hold HL shares. Albeit only 10k

[imastu pidgitaswell] 21/10/2020 11:09

Really just on the basis that the biggest have the most resources, so can (and should) be spending to secure the best cyber protection possible.

Just another aspect of 'you get what you pay for'.


EDIT - post overlapped. Yes, you're saying the same thing. Re the share price drop, just wider 'concerns' as there are always 'concerns' about HL. It's just traders doing what traders do, imho. Note the declining volumes (first sub-chart in the header) - buy more.

[ochs] 21/10/2020 11:01

Thanks for sharing the article. I thought RH was USA only, so why would HL benefit? The article says its affected 2,000 out of 13 million clients, so a very small percentage.

Also HL has been around so much longer and has far more robust online security than RH (for example they already have compulsory two-factor authentication), so I don't see why RH's problems should be making the HL share price drop. I suspect there's another reason.

[bogman1] 21/10/2020 09:23

They got robbed. Hackers stole investors money and gave it to the poor in a robinhood stylee. Scandalous. I don't have my investments online for that very reason. But HL should benefit from the clientele that will abandon RH https://www.google.co.uk/amp/s/www.bloomberg.com/amp/news/articles/2020-10-15/robinhood-estimates-hackers-infiltrated-almost-2-000-accounts

[growthpotential] 21/10/2020 01:33

What's the news there?

[bogman1] 20/10/2020 20:23

Liking this share more now after the robinhood debacle. Hope they have some fine cyber security to keep out the Russians/North Koreans/ 15 year olds

[contrarian joe] 20/10/2020 16:44

Added today to my long term portfolio.

[ochs] 15/10/2020 09:28

Agreed, in hindsight I should have loaded up good and proper when it was briefly below £12 in March... but then virtually every share was a buy in March (with hindsight).

[lomax99] 15/10/2020 08:53

Down below £13 and I am backing the truck up....

[ochs] 15/10/2020 08:46

added again too, 1404.5p

[lomax99] 15/10/2020 08:30

Added a few.

[robinnicolson] 13/10/2020 11:48

Minor downgrade from Morgan Stanley PT 1430p. I've been accumulating on the way down this morning.

[bogman1] 13/10/2020 11:27

Is the drop inrelatipn to the robinhood hack. Or just the market...

[imastu pidgitaswell] 13/10/2020 11:24

Hefty 6-7% swing (down...) in 24 hours, following a positive previous 24 hours.

Bought some here. We'll see.

[lomax99] 11/10/2020 20:40

FT: Hargreaves' Brexit buffer:Brexit bothers investors and periodically slows down the whole Hargreaves Lansdown moneymaking machine, writes Cat Rutter Pooley. Not noticeably this quarter though, even as the next Brexit deadline looms.In the three months to September, HL attracted 31,000 net new customers, it said on Thursday, despite both Brexit and Covid-19 giving investors the collywobbles. This time last year when Brexit trouble bubbled it only brought in 17,000 on a comparative basis. Many will be day traders lured by the stock market machinations since March. Elevated trading volumes helped lift HL's revenues above analysts' expectations. The new clients are potentially less lucrative than others on Hargreaves platform.They did not bring as much money with them per head as those who joined a year ago, and won't necessarily stick around once markets quieten. But flighty as day traders may be, they are helpful at a time when uncertainty is building and interest rates are at rock bottom. Many UK equity investors are already choosing to wait out the current bout of turbulence. UK shares have proved unpopular in recent months. The FTSE 100 has been slower than global peers to recover from March's plunge. Data from the Investment Association show net retail outflows from UK funds of £748m in August and £912m in July. If clients build up cash balances that is bad for HL, since rock-bottom interest rates mean it earns measly margins on the pooled money placed with banks. Those margins have historically accounted for a decent chunk of overall profits, says Shore Capital analyst Paul McGinnis: about 27 per cent in the year to June and 24 per cent in the year before that.But rates have fallen significantly since April as central banks loosened purse strings. The headwind to profits from lower rates could be about £70m if extrapolated over the course of a year, Mr McGinnis reckoned in August. HL hopes it can convert its new stockbroking clients to other assets, making them as sticky as the rest of its customer base. It does not matter too much if it can't. They are nice to have for now as a Brexit buffer.Even after Brexit is done and dusted, Hargreaves will continue to reap the benefits of the shift from defined benefit to defined contribution schemes and an ageing population with money to invest. It is as close to a perpetual motion machine as one is likely to find on the stock market.

[imastu pidgitaswell] 09/10/2020 08:20

AGM report above - predictably dull. Yesterday was (thankfully) a bit silly.

[imastu pidgitaswell] 08/10/2020 16:26

Nope - only became a shareholder earlier today...

😎

[ochs] 08/10/2020 15:44

Anyone here attend the AGM today? (or there now!) Anything to report?

[ochs] 08/10/2020 15:43

Yes natasonline, I still think the main thing holding these shares back is a risk of legal action, so until that is concluded one way or the other I can't see HL getting back over £20 again.

They will probably remain a 'trading' share as Porche1945 says in the meantime.

[porsche1945] 08/10/2020 15:39

@amunro

Agreed, i did use IG but it was the customer service just dire, always problems moving money in and out especially big chunks. I really rate iWeb, fiver a go, its all there,easy everything and decent staff.