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takeover offer for Hargreaves Lansdown
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Thrugelmir
Posted: 20 July 2024 23:22:58(UTC)
#26

Joined: 01/06/2012(UTC)
Posts: 5,317
Tim D;312599 wrote:
Thrugelmir;309303 wrote:
The model on which the business was built is now redundant. Needs fresh ideas to move forward.


Good long FT piece earlier this year on how HL - once the disruptor of the old "IFA model" - is now under siege from cheaper and more technologically sophisticated competitors. Lots of interesting numbers on demographics and (lack of) new client acquisition.



That's the nature of business. Who talks about IBM, Polaroid, Xerox or Kodak any longer.........

Or the long list of UK building societies that demutualised only to ultimately fail.
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Jed Mires
Posted: 09 August 2024 07:10:12(UTC)
#32

Joined: 04/04/2023(UTC)
Posts: 338

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HL is going private, the deal is done. https://www.ft.com/conte...c-4ec7-9bfb-1649871e6da5
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5 users thanked Jed Mires for this post.
Cm258 on 09/08/2024(UTC), Guest on 09/08/2024(UTC), Tim D on 09/08/2024(UTC), Phil 2 on 09/08/2024(UTC), Sara G on 09/08/2024(UTC)
Phil 2
Posted: 09 August 2024 08:23:07(UTC)
#33

Joined: 20/07/2018(UTC)
Posts: 2,107
I’m not invested in HL, never was, it was always on my watchlist though - in fact I only deleted it today. So just one final, stupid question, just out of interest. With an accepted cash offer of 1140p, which I think includes a “final dividend” of 30p (?) … is anyone buying at 1102 to capture a 3.6% gain ?
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Sara G
Posted: 09 August 2024 09:02:02(UTC)
#35

Joined: 07/05/2015(UTC)
Posts: 4,038

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Oh dear. I'm not invested, but as a client I can only hope that things don't deteriorate from here, either due to lack of investment or misguided 'improvements'.

Sad too that this seems to be the new trajectory for many UK companies. Start off as a brilliant company / disruptor, become listed, attract capital, grow. Then, instead of continuing to enjoy lengthening P/E ratios, the sp languishes (this being the FTSE), and the company ends up de-listed. Not great for the company IMO, and not great for UK investors, fishing in a shrinking pool, their future returns prematurely curtailed. Reminds me of Blue Prism among others.
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6 users thanked Sara G for this post.
Jay P on 09/08/2024(UTC), Tim D on 09/08/2024(UTC), Sheerman on 09/08/2024(UTC), bill xxxx on 09/08/2024(UTC), Phil 2 on 09/08/2024(UTC), mark senior on 09/08/2024(UTC)
Ian Eccles
Posted: 09 August 2024 09:02:29(UTC)
#34

Joined: 04/07/2021(UTC)
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Phil 2;315168 wrote:
I’m not invested in HL, never was, it was always on my watchlist though - in fact I only deleted it today. So just one final, stupid question, just out of interest. With an accepted cash offer of 1140p, which I think includes a “final dividend” of 30p (?) … is anyone buying at 1102 to capture a 3.6% gain ?


____
NO, it's not worth the hassle.
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1 user thanked Ian Eccles for this post.
Phil 2 on 09/08/2024(UTC)
AndyJ
Posted: 09 August 2024 09:57:39(UTC)
#36

Joined: 04/01/2016(UTC)
Posts: 80
Any idea if the unlisted HL rollover share can be held within HL GIA?
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Thrugelmir
Posted: 09 August 2024 10:33:38(UTC)
#37

Joined: 01/06/2012(UTC)
Posts: 5,317
AndyJ;315175 wrote:
Any idea if the unlisted HL rollover share can be held within HL GIA?


Be delisted.
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Ian Eccles
Posted: 09 August 2024 10:36:50(UTC)
#38

Joined: 04/07/2021(UTC)
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Was thanked: 1815 time(s) in 750 post(s)
Thinking out of the box.You could benefit by buying Finsbury Growth and Income Trust, they are on a 8.26% discount and the trust has a 3.8% holding in HL Maybe a bit more profitable in the long run rather than taking advantage of the difference between the offer and quoted share price.
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2 users thanked Ian Eccles for this post.
Phil 2 on 09/08/2024(UTC), Nigel Burkitt on 10/08/2024(UTC)
AndyJ
Posted: 09 August 2024 12:15:27(UTC)
#39

Joined: 04/01/2016(UTC)
Posts: 80
Previous de-listed share problems have come from the fact that HMRC rules forbid unlisted shares in ISAs, so the providers, including HL, forced exits. In this example my shares are in a GIA. It would be ironic if HL prevented me from holding unlisted HL shares in my HL GIA, but another provider did allow it, as that might be a gateway for me to transfer my seven figure's worth of assets out of HL to that other provider. I'm annoyed with the Board for rolling over at this price (and not because I am underwater with the investment), and i think there is merit in holding the unlisted vehicle, but my toys might really fly out of the pram if they make holding shares in the unlisted difficult.
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