Hargreaves Lansdown (#HL.) – recommended 1140p per share offer
- 2024-08-09 06:59:49
UK 04:41 Wednesday, 23 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
After hours yesterday, a private equity backed group said that it had made two pitches to buy Hargreaves Lansdown (HL.) the most recent at 985p, valuing the Bristol based company at £4.67 billion. Hargreaves, whose shares were £22.57 five years ago, says that the bids undervalue it and have been rejected. What next?
As an investor, you have to accept that you will get some calls right and some calls wrong. I am glad that thirteen months ago, I exited my shares in Barclays (BARC) at north of two quid (as its latest set of numbers have not been taken well this morning). By contrast, I should have been braver and bought Dunelm (DNLM) after visiting its stores a few times over the last six months. What do I think then of Hargreaves Lansdown (HL.) shares after its latest set of numbers earlier today?
Did you read Tom’s article yesterday titled “Lies, Damned Lies and The Mail's Jeff Prestridge on Neil Woodford as Hargreaves Lansdown faces a class action”? It was a really good read and raises a number of interesting questions. I don’t know about you, but class actions are generally worth a bit of a mention if you, conceptually, are giving a trading update a day or two later. And that brings us onto this morning’s trading update from Hargreaves Lansdown (HL.).
The Mail on Sunday's Jeff Prestridge has a scoop. There is a class action being launched against Hargreaves Lansdown (HL) for telling customers to buy Woodford funds when it was already aware that there were problems so bad that its own funds of funds were selling Woodford units. Good news. All those who stuffed folks into Woodfgord and ignored warnings that we started flagging up in 2015 should be held accountable. So who else was a massive Woodford supporter from 2015 until the funds were gated in 2019, even saying there was nothing to worry about the day BEFORE the gating? Er...
Back in February, I observed that Hargreaves Lansdown (HL.) may have been at a six year low but the shares were still a strong avoid. Since then the stock has fallen further but apparently, “against a macroeconomic and geopolitical climate not seen in a generation”, Hargreaves Lansdown still remains optimistic about the future. Surely it is nothing to do with another launch opportunity from a leading fund manager?!
A busy geopolitical Tuesday on the markets, but a far from impossible day for anybody (being very boring) and holding a massive FTSE 100 position. A busy UK earnings day too and, whilst I was amused listening to the thoughts of the InterContinental Hotels Group (IHG) CEO earlier, its shares are back above the 50 quid level (as seen - but not maintained - in 2018, 2019, 2020, 2021 and now 2022). Still, I am looking forward to staying at a Regent Hotels and Resorts location (if the lottery win ever comes through). Whilst I wait for this, my thoughts turn again to the company which says it aims ‘to give you all the tools, information and support you need to make the most of your money’, Hargreaves Lansdown (HL.). I am sure many folks stuffed into Woodford funds by Hargreaces as Hargreaves itself sold down its managed fund holdings in the same Woodford funds might not agree with that boast!
