Hargreaves Lansdown Share Discussion Threads

[growthpotential] 22/5/2021 11:26

Wouldn't say a few pence below 1700 calling it right lol

[porsche1945] 21/5/2021 13:19

@lomaz

Adult learning closed at the moment for you hahaha. Seems like I called this bang on, as usual.

[growthpotential] 20/5/2021 18:41

Big buy gone through for 336k share quality, wonder who that was

[ochs] 18/5/2021 14:44

You can make a lot more than 'pocket change' by sensible regular trading. HL has a range of around £15 to just over £17, and has done for quite a few months now, so it's a great trading share. For long term holders buying on the dips and enjoying the dividends is an equally valid strategy.

There's strong resistance/support at 1693p which is why the price is currently stuck around £17.

[lomax99] 18/5/2021 12:52

Filter the troll, don't feed it!

[growthpotential] 18/5/2021 12:45

And then when this blows over you'll miss the big rise up. This coupled with lost dividends surely worth more than pocket change you making by trading?

[porsche1945] 18/5/2021 10:55

As I said, cant hold 1700. It isnt family owned, not sure where you are getting that? Special needs Micha quotes Landsdowne, FYI Lindsell Train (god knows why) own THREE TIMES more shares in the company than Little-gypo -Lansdowne.

There is defo an overhang from Hargreaves selling, Woodford fiasco ( this “ they were lied to “ stuff is drivel, grow up, they kept a dogsxxt fund on their “ Best Buy “ list for two years that was to anyone with an IQ above 50 a load of capital destructive back brexit britain dross whilst shunning top funds like Fundsmith which is very suspicious) and possible entry of a huge American player like Robin Hood which would wipe out HL and Aj Bell et al on their trading fee income overnight.

Have taken profits, will go back in at 1550 and better, trading share only.

[micha14] 14/5/2021 15:27

It is owned by the family of Hagreaves, the family of Landsdown! I agree with HL management not commenting the Woodford as its not worth the comment, as every comment on it is reputation damage. When CEO was asked on the Feb call, he just said "no comment". I welcome the owners selling further shares too as i am a long term holder and " The market may ignore biz success for a while but eventually will confirm it". The important thing is not woodford but 20pc YoY revenue growth and 15pc increase in clients. I d expect this to be 20£ in 12 months.

[ochs] 14/5/2021 10:51

Yes, I've read the letter. I think it came as a big shock to HL that Woodford had lied to them (on more than 1 occasion). They'd been so chummy with him, that it must have felt like quite a betrayal.

In my view HL shouldn't have been so chummy - I think they have now learnt a harsh lesson, not to always trust what a fund manager says, but make sure it is backed up by their own extensive research. Whilst HL's fund research has never been provided as 'financial advice', there's no doubt that many clients have in the past relied on it, and trusted it - thankfully in the vast majority of cases, this trust had resulted in positive financial gains for those clients.

[lomax99] 14/5/2021 10:24

I have said before that this is IMO, I have no expectation whatsoever that the market is likely to listen to me(!).

HL responded to a Treasury Select Committee on the subject of W, that letter is a matter of public record. W lied to HL.

[ochs] 14/5/2021 09:45

I guess Credit Suisse are wrong then, as it is NOT family owned!

I think the main reason for the lower share price is still the hangover from the Woodford saga. As a shareholder I'm frustrated that they won't issue an RNS (or at least acknowledge the potential claims in their trading update). The market hates uncertainly and especially the risk of litigation hanging over a company. It's great that lomax99 is so confident that "The claims are without merit", but sadly his view alone won't reassure the market. If HL are as confident as lomax99 believes, then what disadvantage would there be for them to come out and say it?

The other reason is the risk of Lansdown or Hargreaves selling more shares as both have done so fairly regularly in recent years. ps. Hargreaves is highly unlikely to sell before Feb 2022 as he always waits for the final/special dividend and the interim before selling.

[micha14] 13/5/2021 23:23

I dont get WHY the share price is lower than 3yrs ago despite growth and future prospects? Any thoughts pls?

[micha14] 13/5/2021 23:21

The hl biz IS family owned. Its entrepreneur owned by families of Hagreaves and Landsdown. Its on the credit suisse report of family owned EU businesses. UNDERVALUED. Easily worth 10b

[lomax99] 13/5/2021 19:41

Not sure I would give the ambulance chasers the time of day, or indeed any airtime. The claims are without merit.

[ochs] 13/5/2021 16:58

I suspect the market was hoping for some comment about the pending litigation/s. By ignoring it and refusing to comment it's holding the share price back. If they are confident the claims are without merit then why not say so?

[ygor705] 13/5/2021 15:48

After such a good trading update, I think there are genuine jitters about more share sales by Co-Founder directors. It's a logical chain of thought but volume the of shares traded in the market looks modest so I would anticipate a steady return to trend unless those sales suddenly reappear.

[lomax99] 13/5/2021 13:17

IC today:

Hargreaves Lansdown achieves record growth
Hargreaves Lansdown reports strong results but shares drop on the news

Hargreaves Lansdown’s (HL.) revenues surged by a fifth year-on-year for the first four months of 2021, amid a rush of international share dealing and a record number of new clients.

126,000 customers joined the FTSE 100 broker for the year to 30 April, growing its total client base to 1.62m. Assets under administration of £132.9bn represent a 28 per cent increase for the year to date.

The key driver of growth over the period was record dealing volumes in international markets, as UK investors rushed to buy US stocks, including Gamestop, in late January. Total share deals for the period were 6m, up from 4m in 2020.

Individual savings accounts and Self invested personal pensions have also been key areas for growth. From 12 February to 5 April, during the firm’s tax year end campaign, new money into Isa and Sipp accounts was 48 per cent higher than in the same period last year.

The results come off the back of a surge in marketing and distribution spend, which increased by 75 per cent (£4.5m) in the first half of its 2021 financial year and included a national television campaign to "Switch your money ON".

Hargreaves had upgraded its profit expectations in mid-March following the rise in US share dealings. But shares were down 5 per cent on release of the update.

Chief executive Chris Hill struck a positive outlook for the year ahead but warned that client servicing costs will rise and dealing volumes have lowered from their peak in the first quarter. Where dealing volumes settle as we come out of lockdown is unclear.

Our own testing has also found that Hargreaves has struggled to maintain its market-leading service levels amid customer growth.

Hill says “Conditions look more positive than they did at the end of December. However, there remains much uncertainty and like many businesses, we cannot predict levels of new business or client activity.”

“We remain confident in our strategy of focusing on the needs of UK investors and savers and delivering the highest level of client service, which should position us to deliver attractive sustainable long-term growth as the UK's leading digital wealth manager.” Buy at 1,676p.

[ochs] 13/5/2021 12:32

micha14, HL is not family owned... Peter K and Steve L are not in the same family, and even if they were their combined total is well under 50% now!

You're right about the amazing profit growth over 5 years (and indeed 10+ years) and yet the share price is still much lower than it was 2 or 3 years ago.

[ochs] 13/5/2021 12:27

Pleased to see the RNS is now showing on the HL website, so that's a start!

[growthpotential] 13/5/2021 09:44

Only down due to guidance but I think engagement is up for the long run

[micha14] 13/5/2021 09:34

Outstanding update. Revenue ytd up 19pc and client Ns up 15pc. Fantastic. In the last 5yrs operating profit compounded at 11.3pc so post covid i see acceleration of growth say to 12pc(conservatively). Well, if free cash flow yield is 3.3pc and growth is circa 12pc you have a 15pc compounder. Btw- this is most profitable family owned company in Europe FFS

[porsche1945] 13/5/2021 09:14

HL, never fails to disappoint. Back to usual trading range by the looks of it. Cant seem to hold above 1700 bit like ftse cant hold 7000 ( abysmal.) Wonder whether city sees a lot of these numbers as more one offs due to covid and whether that will unwind or just whether we are looking at tanking markets on US inflation which will crush AUM, either way none of it looks great, too much stimulus and not targeted, look at UK still with almost a million still on furlough, utter madness, the one thing none of these economies need, especially shot to pieces brexit U.K., is inflation issues. Great pity this is “ family owned “, the endless drip drip onto markets of those two fossils of their shares is what keeps a lid on these.

[ochs] 13/5/2021 08:15

Not on this one either!

[ochs] 13/5/2021 08:13

Yes, although with markets down generally it's not surprising to see the shares drop. Also embarrassingly the trading update is yet to show on this screen on HL's own website... despite being released at 7:01

[lomax99] 13/5/2021 07:39

Great trading update, roll on 9th August.