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Timing is the key to success.
Perhaps you’ll be singing a different tune when you start getting the interest on your cash, instead of the investment platforms?
I would imagine most of the income these platforms make is derived from retaining interest on cash deposits, so a 10% fall is nowhere near prices this in imo. Trading212 just announced they’ll start paying 4.5% on GBP deposits.
For such an incompetent dinosaur the FCA is remarkably good at market manipulation. I hope all those who's stop losses have been triggered write to their MP and the FCA.
I don't hold here (yet) but use AJBell and always thought they were very reasonable for paying interest on cash and not charging for holding cash.
Well done Mary! ~20% up for the week on this I take it.
It seems so herelol.
Do you like talking to yourself Mary?
Fortuitious entry 2 days ago
Should start with a £3 later, hold4gold
Reads like a dream.
Profitable well capitalised and strong.
Last traded out of this in 2021 around 420 iirc, what happened to the SP since then? Seems a decent entry point for growth/
Ii Has stopped doing Pension Trading Accounts which has left thousands of people having to move to new platforms. I should imagine customer numbers were influenced by this.
AJ Bell plc issued a trading update for its FY ended 30th September this morning. The platform business continues to grow solidly, customer numbers increased by 50,880 to close at 476,532, up 12% in the year. Net inflows in the year were £4.2 billion taking assets under administration to a record £70.9 billion, up 11% in the year. AJ Bell Investments continues to power ahead, net inflows in the year were £1.65 billion, up 57% versus the prior year, with AUM of £4.7 billion, up 68% in the year. The business continues to grow solidly and is very profitable. Valuation remains something of a cloud with forward PE ratio at 15.5x in the bottom quartile for the IB & IS sector. The share price also remains in a correction and lacks positive momentum accordingly. Monitor for now...
...from WealthOracle
wealthoracle.co.uk/detailed-result-full/AJB/823
AUM up 11% and
Total advised customers increased by 13,885 to close at 159,256, up 10% in the year
Total D2C customers increased by 36,995 to close at 317,276, up 13% in the year
Happy with that
A J Bell costs are running up and the Fintech earnouts, are capitalised, and therefore without the interest income, included in revenue, the platform operates at a loss. Hargreaves and the ii both reported the impact of high interest rates. A J Bell needs a CEO/CFO with previous plc experience.
I would like to see day traders as well as shorters get pilloried. As soon as a decent share starts rising it gets its head chopped off.
Such is today's moronic fashion!
New companies seem to be listing in America which is a grossly overvalued market or splitting their shares between London and America to get better odds. The joke is American valuations. You are projected a trillion valuation on a company that has not made a cent profit.
i have been investing for more than 50 years and I feel sorry for my grandchildren . How are they going to afford the deposit for a home when a loaf of bread costs a hundred pounds? Think of Italian lira.
Truss economics seems to have taken over the scene, though the main defaulter was Nixon who did away with the gold standard in 1971 to bypass Congress and fund the silly Vietnam war. Out came the printing press to take over the financial field and the inflation holocaust which resulted, is now impossible to stop. Meanwhile the Arabs are buying trainloads of gold in Zimbabwe. Do they know something that we don't know?
Why does the government not supply us with our own note printing machines?
Go back to 1929 and bring your cash to the market in wheel barrows. The whole scenario is disgusting.
Bring back the gold standard.
The change is a recovery from the covid debacle but still not quite equal to the pre-covid prices,. My portfolio dropped 20K. I am still 8K short due to the market falling asleep.
Hope the ' Sell in May' nonsense has petered out. We now deal on a world market where this is ancient history.
Funny that inflation is running at around 10% but shares have not increased by that amount. Everybody seems to be blind!
"....... long awaited change."
And what is that ?
Nice to see the recent reversal and hopefully we shall pursue the path of growth which is the fundamental reason why we invest in the first place.
The majority surely approve of the long awaited change.
With the low cost of British shares and the recent horrible fluctuations of the London Stock Exchange, punters are taking their money out of the market. This is a bad sign for share dealers. They should press for a rapid change and hammer the shorters who are suppressing decent valuations from emerging.
It is time that our shares were properly valued and new money entered the scene. Nobody wants to continue investing to find their hard earned cash withering away before their eyes. Firms like this should be able to voice a change of direction.with their influence.
With the present trend surviving, the only future for the London market is downwards, courting ultimate extinction.
Nice dividend increase and solid results.
A lot depends on how new ventures pan out and whether they can scale and become profitable to justify increased costs.
Any idea on the reason for today's rise?
Can you imagine the cosy fire-side chats held between the AJ Bell and the FCA.
I bet poor old Andy was spitting feathers.
He's been fobbed off with a secret santa to represent him.
I was witness to a similar powerful situation between a firm i worked for and it's regulatory body.
The regulatory body always wins.
That's utter rot, imo.
It made £55 million PBT on £255 million revenue and a P/E of 23 is way better than many companies that are not doing so well.
As for £1, this is now not much more expensive than it was when the pandemic plunge hit.
Pays a divi too!.
It may be expensive if you looking to buy at as low a price as the outbreak of WW3 might bring you, but it's not as bad as you make out!
Look at market cap. Is still over £1B once closer to £2B whilst barely making a profit
Way overpriced for years.
How was this not clear in the first place?
After below £1 I would consider