Hargreaves Lansdown Share Discussion Threads

[imastu pidgitaswell] 20/11/2020 15:08

Because it makes a lot of money and is growing income, profits, earnings and dividends. Post 810 and 885.

The outtages were on the busiest day of the year - along with everyone else. So where else would you go? Besides, most of their income isn't to do with extreme short term trading - why build - and pay for - something that the vest of majority of your clients don't need and won't pay for?

But it's a free country, please yourself.

[micha14] 19/11/2020 22:30

In April 2009, Lansdown sold a stake of 4.7% for a sum of £47.2million to put towards the cost of building Bristol City FC's new football stadium, reducing his stake to 22.9%.
so what?? the company went x8 in the next decade

[contrarian joe] 19/11/2020 21:45

s://www.investegate.co.uk/hargreaves-lansdown--hl--/rns/holding-s--in-company/202011191646089331F/

[growthpotential] 19/11/2020 21:37

Cool, I see what you mean :) by fully allocated I mean if you have reached your max limit for number of shares with HL

[imastu pidgitaswell] 19/11/2020 20:42

?

Not sure what you mean by fully allocated. I have held more before and may well hold more than I do now, if it goes lower, as I will buy more. I don't sell for losses, only profits; my point above was that by timing purchases and sales better than I have done, by recognising that this share usually follows a certain rhythm, I can make larger profits. Possibly - but being me, probably not...

It's not one of my main focuses, as it is not as cheap as a lot of things out there - but there is nothing wrong with it; increasing revenue, profits, EPS and dividends. Not too bad in a pandemic...

[growthpotential] 19/11/2020 17:50

How many shares you got and surely fully allocated now like me?

[growthpotential] 19/11/2020 17:49

Fully allocated on these, can't see it hitting that level. Some investors might tire but it's exactly the time you give in that you miss the next key leg up

[imastu pidgitaswell] 19/11/2020 17:02

Well there was a definite absence of buying today, as there often is. Added at the close, and very happy to at these prices and lower if needs be.

CMCX results today indicated that raised market participation continues and if anything has strengthened since the second lockdown. More dealing monies, plus the market moving up means more income (percentage of portfolios as fees to HL).

I think I probably should adjust the timing of what I do with this. Moves up and down take up to 10 days - or more - generally, unlike for many other shares - see the 3 month candle chart in the header. Best approach is to do far less - just hold on the way up and wait without holding on the way down.

I'll probably just ignore that and carry on as have ben doing - the clue is in the name...

🙄

[lomax99] 19/11/2020 15:51

Looking to add sub £13.50 ......

[growthpotential] 18/11/2020 21:16

Lansdown selling more shares to pay his hookers

[jontrader123] 18/11/2020 19:17

why is everyone selling today?

[micha14] 18/11/2020 19:09

HL is excellently run, with over half of employees owning stock, its a wonderful business

[micha14] 18/11/2020 19:07

Valid point regarding tired out old pensioners Landsdown and Hagreaves offloading, they may well get bought out by some large american private equity, blackrock, carlyle et al who can spare 11-12bln, but there will be a tasty premium for exisiting owners.

The growth drivers are-
growth in AUM
growth in equity markets
growth in economy
growth in product offerings, funds, active cash, pension etc
grwoth in tred towards pension saving etc

The current valuation albeit 26-27 times cash flow is CHEAP for a company who has the best return on capital of them all.
One could worry about AJBELL and etoro etc, but i just think when it comes to money people want the most recognized one. Their customer service is very good

[porsche1945] 18/11/2020 17:45

@ccnp

You make some valid points, HL is not particularly well run, I moved my accounts from them a few years ago. I am invested because I see them as a trading stock, its high beta, was well up but now at a loss. The positives are, its money for old rope, AUM and choice, the negatives, their funds are utterly dire and run by idiots, there is zero cost dealing competition coming, the Woodford saga and the endless overhang from that Brexit idiot Hargreaves and little Lansdowne every time the share pops a bit they’re looking to unload. What I am hoping for is they sell out in one go to a big institution. I dont see it back at 24 quid but there are catalysts that could drive it to 20.

[growthpotential] 18/11/2020 17:43

Required rate of return of 10%*

[growthpotential] 18/11/2020 17:43

If they can grow the dividend even at 7% per annum, with a required rate of return a fair price is 1958 so I agree they are very cheap. Long term equity returns 7-10% not even taking into account new inflows so I agree very cheap at the moment

[growthpotential] 18/11/2020 13:45

I agree, but these owner sales aren't helping. How many more Hargreaves want to offload lol

[micha14] 18/11/2020 13:35

The nay sayers have no clue, amateurs with no understanding.
HL is most profitable family owned business in Europe inextricably linked to equity markets which in time go up. Its a market leader, and when it comes to money, people prefer to be safe and go with someone recognized. This company will continue to grow earnings, AUM and sales at 8-10pc per annum for decades. The price is fair, and it is a wonderful business at a pair price, resilient and well protect from inflation due to its assett light business model. Fabulous management, you only have to look at the recent sale of myfunds library for 34m to appreciate it. In time 15-16£ valuation will prove a significant buying opportunity

[lomax99] 18/11/2020 11:54

Disagree with most of that assessment.

[ccnp] 18/11/2020 11:32

Pray tell why it should be higher Porsche1945.

Poor service (admin and IT) emanating from a blinkered focus on cost management by a management team that lack any charisma or investment talent in stark contrast to driving the sort perceiveable value the founders used to create a world class success story.

Poor advice for which HL is likely to pay dearly in cash to exemplify it's diminishing and tarnished reputation.

Poor fund performance in straight forward comparison to the competition.

Stephen Lansdown is a leader, not a follower. Plenty of HNW individuals are overly loyal to this sinking ship. Their heirs and executors will be less forgiving.

[robinnicolson] 18/11/2020 10:54

Stephen Lansdown: 6.7 million shares at £15.35

[imastu pidgitaswell] 18/11/2020 08:51

Good with me - had sold out, now back in.

[lomax99] 18/11/2020 08:40

With that c 7m, £100m+ trade, expecting another RNS this morning, with either of the founders reducing their stake.

[porsche1945] 16/11/2020 19:52

This has a nasty habit of selling off into the close, this should be higher.