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takeover offer for Hargreaves Lansdown
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Micawber
Posted: 22 May 2024 17:34:38(UTC)
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I see that a Consortium is trying to buy HL at 985p, and the Board has rejected that offer. The consortium has until 19 June to increase its offer.

https://www.londonstocke...eaves-lansdown/16483805

The £20k stake we took out in March up a further 4.9% on this news to +33.7%

However, as HL is our main ISA provider I am not too happy about it being bought out by a foreign consortium, if it is in the end bought out, I must say.
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13 users thanked Micawber for this post.
SSJ on 22/05/2024(UTC), Sara G on 22/05/2024(UTC), Nigel Harris on 22/05/2024(UTC), Jeff Liddiard on 22/05/2024(UTC), mdss68 on 22/05/2024(UTC), Jay P on 22/05/2024(UTC), cliff aner on 22/05/2024(UTC), Helen L on 22/05/2024(UTC), Guest on 23/05/2024(UTC), dlp6666 on 23/05/2024(UTC), Robert Lawson-Peebles on 25/05/2024(UTC), busy bee on 25/05/2024(UTC), MBA MBA on 19/06/2024(UTC)
AndyJ
Posted: 22 May 2024 17:51:55(UTC)
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Can totally see the attraction - cash generative national leader - and it justifies my recent investment, but that price is an absolute insult.
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Sara G
Posted: 22 May 2024 18:03:01(UTC)
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A worrying development, in terms of another significant UK company potentially getting bought out by overseas investors, and because most of my savings and investments are with HL, and I don't see this leading to improvements for customers, rather the reverse. I feel a bit hypocritical, since I'm a PE enthusiast as an investor, but I hope it doesn't happen, or if it does, that I am proved wrong about the negative impact on clients.
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10 users thanked Sara G for this post.
NoMoreKickingCans on 22/05/2024(UTC), Jay P on 22/05/2024(UTC), Raj K on 22/05/2024(UTC), Helen L on 22/05/2024(UTC), c brown on 22/05/2024(UTC), Guest on 23/05/2024(UTC), Ramondo on 23/05/2024(UTC), dlp6666 on 23/05/2024(UTC), Robert Lawson-Peebles on 25/05/2024(UTC), MBA MBA on 19/06/2024(UTC)
NoMoreKickingCans
Posted: 22 May 2024 18:04:37(UTC)
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If it becomes foreign owned I can see a LOT of customers leaving.

Presumably many regulatory questions arise.

If I am going to be ripped off, better a Brit than an interloper. Excluding builders of course. And in any case I am not that convinced I am being ripped off yet.
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3 users thanked NoMoreKickingCans for this post.
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AndyJ
Posted: 22 May 2024 18:24:58(UTC)
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Joined: 04/01/2016(UTC)
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Shareholder structure probably ensures that if it goes out it does so at a seriously elevated price.
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SoBo65
Posted: 22 May 2024 18:56:41(UTC)
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Not wild on the idea of my SIPP being operated by a PE backed company.
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5 users thanked SoBo65 for this post.
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Jed Mires
Posted: 22 May 2024 20:07:24(UTC)
#7

Joined: 04/04/2023(UTC)
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I am a long time holder of HL shares, the offer would have to see a big increase for me to break even. I am not bothered by a foreign owner running HL after all Vanguard does a good job. I have my SIPP with HL.
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Saltyrob
Posted: 22 May 2024 20:08:21(UTC)
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Just out of interest ,but if a deal went through and a considerable proportion of investors decided to leave HL, would there be capacity for similar providers to accept the business and what effect could this have on competition re fees and service.Realise this is a guess, but overall I'm happy with HL and change can bring challenges.
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2 users thanked Saltyrob for this post.
Sara G on 22/05/2024(UTC), Jay P on 22/05/2024(UTC)
Moose
Posted: 22 May 2024 21:19:27(UTC)
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Interesting development. We've heard plenty about undervalued UK stocks being prime targets for private takeovers with their beaten up valuations, struggles of the FTSE compared to the US.

Ironic that HL should become one of the first targets!
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2 users thanked Moose for this post.
Guest on 25/05/2024(UTC), david ernest smith on 19/06/2024(UTC)
Thrugelmir
Posted: 22 May 2024 21:34:04(UTC)
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Saltyrob;306554 wrote:
Just out of interest ,but if a deal went through and a considerable proportion of investors decided to leave HL, would there be capacity for similar providers to accept the business and what effect could this have on competition re fees and service.Realise this is a guess, but overall I'm happy with HL and change can bring challenges.

If investors have no interest in owning UK shares why would they be concerned with who owns the company?

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8 users thanked Thrugelmir for this post.
Moose on 22/05/2024(UTC), MBA MBA on 22/05/2024(UTC), Isaac J on 22/05/2024(UTC), Jay P on 22/05/2024(UTC), Saltyrob on 23/05/2024(UTC), Jed Mires on 23/05/2024(UTC), bearcub on 25/05/2024(UTC), Dentmaster on 25/05/2024(UTC)
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