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HL. Hargreaves Lansdown Plc

1,098.50
-6.50 (-0.59%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hargreaves Lansdown Plc LSE:HL. London Ordinary Share GB00B1VZ0M25 ORD 0.4P
  Price Change % Change Share Price Shares Traded Last Trade
  -6.50 -0.59% 1,098.50 844,818 16:35:04
Bid Price Offer Price High Price Low Price Open Price
1,100.50 1,101.00 1,110.50 1,096.00 1,101.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security Brokers & Dealers 735.1M 323.8M 0.6833 16.11 5.24B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:05 O 7,103 1,098.50 GBX

Hargreaves Lansdown (HL.) Latest News (10)

Hargreaves Lansdown (HL.) Discussions and Chat

Hargreaves Lansdown Forums and Chat

Date Time Title Posts
23/7/202408:23HL.3,026
07/10/202209:58ARSEGRIEF PANTSDOWN3
23/2/202212:04Good Value3
24/1/202114:01Mis selling scandal of Woodford - will there be fallout /mis selling by HL.?1
03/3/201509:10H&L. Strong demand on Day One536

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Hargreaves Lansdown (HL.) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:35:051,098.507,10378,026.46O
2024-07-26 15:35:041,098.50451,7424,962,385.87UT
2024-07-26 15:30:041,099.5021230.90O
2024-07-26 15:28:231,100.5063693.32AT
2024-07-26 15:28:231,100.501471,617.74AT

Hargreaves Lansdown (HL.) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Hargreaves Lansdown Daily Update
Hargreaves Lansdown Plc is listed in the Security Brokers & Dealers sector of the London Stock Exchange with ticker HL.. The last closing price for Hargreaves Lansdown was 1,105p.
Hargreaves Lansdown currently has 473,875,929 shares in issue. The market capitalisation of Hargreaves Lansdown is £5,215,004,599.
Hargreaves Lansdown has a price to earnings ratio (PE ratio) of 16.11.
This morning HL. shares opened at 1,101p
Posted at 15/7/2024 09:05 by stoopid
I hope it fails as well. Would buy straight back in...... At about 800 or 900 when the share price drops. The shorters will be back if the deal fails....
Posted at 09/7/2024 17:27 by ochs
Shorts closing ought to push the price up, but the market has pulled the share price back to under £11 in the last few days. Are there any rumours the bid might not proceed? All gone very quiet. Previously things were pretty leaky when the share price went up before the bid was announced... could same thing be happening? Not long to go now.
Posted at 04/7/2024 10:53 by ochs
Yes correct @Stoopid, if the bid falls through I would expect the share price to immediately drop back to somewhere between 850p and 900p. Of course in time it could get back towards £11.

It's hard to know what's going on behind the scenes... only Lancaster have gone public with their unease about the deal. A shame the board didn't respond to them via RNS, so others could read their defence.

Remember at present the Consortium are yet to make a firm offer - with the share price drifting over the last few days it makes me wonder if the market is getting nervous - are they still planning to proceed? Personally I still rate it at a 70% chance that the deal will go through, but I'm also hopeful that it won't.
Posted at 04/7/2024 08:36 by stoopid
How does no deal mean the share price should rise?What sort of logic is that? The share price before all the bid rumours was about 800/900If no deal emerges and the bid falls through, the share price will fall back to what the market and sellers/buyers determine a fair price is.
Posted at 03/7/2024 19:32 by growthpotential
Any news on this dogg and the dogg deal? I do not understand the argument that no deal implies the share price retreats, surely it's the other way around...
Posted at 25/6/2024 07:58 by stoopid
If this is voted down, the share price will collapse. Back to around 9 quid or lower I reckon.There is no guarantee that you will ever see your 15 quid a share again.I bailed at 1155, but then my average was about 750
Posted at 16/6/2024 18:38 by ochs
Interesting comments from 6% shareholder Stephen Lansdown in the FT - it would appear the Consortium haven't been consulting major shareholders and explaining their plans - so he is just as much in the dark as we are!

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One of Hargreaves Lansdown’s co-founders and top shareholders has warned that “price is not the main consideration” if private equity firms make a firm takeover offer for the investment platform this week.

Stephen Lansdown, who co-founded the UK’s largest retail investment service with Peter Hargreaves more than four decades ago, told the Financial Times that he would want to know what private equity firms would do with the business if they bought it. He owns a stake of nearly 6 per cent.

A group of private equity firms, led by CVC Capital Partners, made a £4.67bn offer for Hargreaves Lansdown in April, which the board rejected in the view that it “substantially undervalued” the business. Shares rose more than 15 per cent after the approach emerged.

The private equity firms, which include Nordic Capital and Platinum Ivy, a wholly owned subsidiary of the Abu Dhabi Investment Authority, are now considering whether to make a firm offer by the deadline on Wednesday — or to walk away.

“The conglomerate — and we’re waiting to see if they come back — has given no indication of what they want to do with the business and how they see the business developing,” Lansdown said. “I would want to know what their plan is for looking after clients and staff in particular. Price is not the main consideration if it’s not taking on the business in the right way.

“I’d be very surprised if they didn’t come back with a further bid; it’s then up to the board of HL whether they bring it to the shareholders or reject.”

He added that the approach had relieved “pressure̶1; on Hargreaves Lansdown’s share price, which had fallen from £24 in 2019 to as low as £7 this year. He said that the company had also become one of the most shorted stocks on the London market.

One top 20 shareholder said that “hedge funds [shorting the stock] have completely missed the wood for the trees, ignoring the growth in customer numbers and assets that HL is consistently achieving”.

He added that other companies, such as banks, could make an approach, given Hargreaves Lansdown’s dominance of the retail investment market. “It would be impossible to build HL’s market share from scratch, so I would expect any US or European bank to be looking closely at HL if they have any ambition to build a position in one of the world’s largest pools of household wealth.”

Hargreaves Lansdown oversees £150bn in customer assets for some 1.8mn customers.

Nick Train, another top shareholder with a holding of nearly 13 per cent according to Refinitiv, said that the private equity approach was unsurprising because the stock was undervalued.

“Its prior stock market valuation had seemed exceptionally low,” Train said. “But many UK-listed asset and private wealth management franchises seem exceptionally lowly valued, too.”

Hargreaves Lansdown and the private equity consortium declined to comment.
Posted at 29/5/2024 10:06 by stoopid
I agree, the share price has stayed around 10% above the offer price since all this was disclosed. This could suggest that some investors believe that a second more palatable offer for HL will come before the deadline of 16.06.2024 I don't reckon it will be much more though. 1200 maybe? They appear to want HL on the cheap and I doubt the consortium will be willing to pay too much more. I reckon it was known a bid at 985 would fail and was just the opening shot.Investors Chronicle are suggesting that this is just the opening round and that even a bid of 1220 (a PE of about 17) would be optimistic? 1220 is Peel Hunts' price target apparently.
Posted at 21/2/2024 10:44 by ochs
To be honest being in the FTSE 100 doesn't seem so important at the moment. When we were in it the share price carried on drifting downwards - I think trackers hold a proportion similar to the weighting of the index, so as the HL share price fell they would all have been reducing their holdings as HL made up a smaller and smaller proportion of the FTSE 100 market cap as a whole.

From a charting point of view the recent intra-day high of 844.5p means we failed to get a daily close above the 841.75p resistance level (62% Fibonacci retracement of the 944p to 676.5p down move). Support now comes in at 780p, which is the 38% Fibonacci of the 676.5p to 844.5p up move.

Clearly tomorrow's half-year results RNS will have a huge impact as to whether we head back up and test 841.75p again or move down towards 780p and lower...
Posted at 05/2/2024 10:44 by ochs
Hello @evianone, I would still be a little bit cautious at this stage - I've been bitten by the HL share price too many times already over the past few years! On the charts 778.5p is a crucial resistance level (38% Fib) and an end of day close above 778.5p would be positive.

There is a risk that new business could have been weaker than expected in the 1st half - 1 July to 31 Dec, but most important will be forward guidance for the tax year end period.

HL currently make a good margin on cash, but that is coming under pressure from FCA and next move in UK rates could be down. Additionally they may reduce dealing fees at some point which could affect margins (at least in short term).

Final thing to be aware of is that US and Germany markets are currently at all time highs meaning should these begin to fall back the HL share price could suffer. Unlike the markets the HL share price is far from all time highs - but that won't stop it falling if there's a market correction.
Hargreaves Lansdown share price data is direct from the London Stock Exchange