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This is a company with a solid base, fundamentally sound, progressing well according to its recent trading statement but why is there little support for the SP ?
Since things started to rebound the performance of this share has been by far the most disappointing in my portfolio.
And why such a fall in the SP today ?
Is it simply a case that the company is out of favour ?
Anticipation better than realisation!!
At least the share price reaction is consistent, good news price drops !!
Good update, down we go
Went to LSE meself about 18 months ago, no sign on or annual fee and more useful info than AJ or HL.
Although dealing activity is expected to moderate from current levels in the second half, management currently expects revenue for the year ending 30 September 2021 to be at least £6.0 million above current market consensus1.
As I said, trading above expectations but SP low
Started racking part of my 428p sale on the 19th March. Will increase rack at 396 382 363 but doulbt there will be filled atm.
Not a recommendation.
DYOR.
Nearing lows here surely. Next update is bound to show more customer and profit growth
...usual market reaction.
Of course they can.
That's why we have a regulated market, operated by market makers.
The IS couldn't have bought the shares before they sold, the shares weren't available.
Well it would have been, but i think the previous days increase was the institution buying,
Then Bell and his mate sold, which pushed price back down!
there's some serious moaning about how AJB does or doesn't work.
It's quite simple. AJB is indeed a crap platform for trading.
Given that they push their SIPPS and ISAs, I think it's fair to say that they are more aimed at LTHs.
Me, I don't hold any shares here, but do have a Sipp with them.
I'm moving away from shares and more into funds, where I trade often, so I can probably do better price-wise.
But I like the platform on a computer, so will stick with it.
I've now started a HL account and it seems pretty good, but it's not cheap.
You get what you pay for, I guess.
I would have thought the sale was a positive. https://www.thisismoney.co.uk/money/markets/article-9100049/A-happy-New-Year-AJ-Bell-founder-cashes-17m-shares.html
Ok, I missed the not insignificant director sells from yesterday. That compounded with everything else may explain the drop.
Sure there is doom and gloom due to more Tier 4 lockdowns and Covid-19 worries, but what justifies this steep 6% drop ?
HL are one of the few that provide fast payment Interactive, AJB, IWeb etc take 3 days.I would also say the quality of replies is much higher from HL, particularly when I was asking questions around setting up my Sipp/Drawdown BUT they are expensive.
IWeb may be worth looking at, I it's believe owned by Halifax thus Lloyds. If you don't trade much it's great because there is no platform fee so no monthly charge and dealing costs are £5 a pop but there is an initial one off £25 to open an account. Communication with them is just as bad as AJB,II etc. It's not as sophisticated as some but it does the job cheaply and relatively well and if i'm right and it is owned by Lloyds then reasonably secure governance.
as I was saying.. sorry.. they certainly don't like parting with your cash when you want withdraw. £25 for a same day fast
payment!!! and up to 5 days by normal means. They obviously choose to ignore the Banks fast payment system which
other platforms use. Make a withdrawal from HL by mid morning and the cash is in your account a few hours later at
no extra charge. Didn't notice this when I first signed up with this lot but its a big incentive not to use them for high
levels of trading.
and another thing....
More problems this morning as I continue finding problems with my new account ( started last week )
The order software is terrible....it is worse than not using it at all
You can only set one order on any stock...hopeless
If you set a 'limit' to sell it locks the shares up and you cannot do anything with them...including sell them quickly during a spike...you have to release the order first....then wait for it to cancel...then you can sell
This morning I waited for over half an hour for an order to cancel
Similarly
Just received a reply to my secure message request sent three days ago
I'm very disappointed and will be extracting myself from AJ Bell as soon as I reasonably can
I really don't see how any serious trader can use this platform with out increasing their daily stress threshold ?
Regards
The Jimbo
You may find it interesting ,£0 commission
I do have an ISA with: Trading 212 ,visit FCA to learn about it :https://register.fca.org.uk/s/firm?id=001b000000NMi1QAAT , DO NOT USE GOOGLE TO FIND TRADING 212 ,USE THE REAL LINK ON FCA WEBSITE OF THE REGESTRED COMPANY.If you are not after an ISA than i suggest Revolut , GOOOOOOOOOD LUCK
To whom it may concern :out there you may find it interesting ,£0 commission
I do have an ISA with: Trading 212 ,visit FCA to learn about it :https://register.fca.org.uk/s/firm?id=001b000000NMi1QAAT
thank you Pmoran for your informatiol that's appreciated
As to the other reply that stands out below...all I can say is 'drive it like you stole it'
LLoyds does appear expensive at 11.00 deal but it drops to 8.00 per trade on trade 9 and lasts for a full quarter
AJBell on the other hand
You have to do 10 trades or more in a month at 9.50 and only at the END of a month with 10 or more trades does the price drop to 4.95
As soon as you revert to less than 10 trades in a month the discount resets
In my case I do say 50 -100 trades on average
So at AJ bell it is going to cost me a lot more this month than at LLoyds...with the idea that at least next month I will get a discount...this all resets on a quiet month
Another inconsistency, ignoring the fact that it is almost impossible to use in a reasonable fashion...try it yourself...please do...in the 'order software' the trading price of 9.50 stays with the order even if you do in fact qualify for the reduced rate in a new month
In addition
Not even at the end of my first week I receive notification of price hikes across the board
I hate Internet companies that do this...sucker you in then jack the prices...I did my due diligence...and decided it was worth trying...thinking that AJ-bell would have decent trading tools...they DON'T very disappointing...and how anyone can do serious trading on there platform is beyond me ?
Now of course it is possible that I have misunderstood the charges policy
But
Having sent several messages - e-mails and even tried chats...their customer service team has not bothered to contact me to discuss it
Again
My feeling is huge disappointment I spent a lot of time researching providers and well this is what it is
Kind regards
The Jim
The Jim
Not at all Cheapsharesboy. Best of luck .
Jim, I’ve got my isa and share dealing account with Halifax. I don’t trade a great deal and overall the platform fee plus share dealing fees (£12.50 a pop is expensive) add up to it being the cheapest platform for me especially if I use the commission countdown period (£2.00 a trade from memory) to do any adding to my portfolio.
I opened a sipp with ajb just so I could get their shares at the ipo so IVe done well out of owning them so far. It came out about the same costs as others and cheaper than Halifax to open the sipp so it made sense to so I could get the ajb shares. I only hold shares and investment trusts so don’t know hiw it works price wise for find lovers.
Now to be fair this year has been a strange one and I have bought and sold more on both ajb and Halifax platforms than I would normally and when I have wanted to buy I haven’t been able to wait for Halifax cheaper trading hours I’ve just got in when I needed to take advantage of ultra low prices in the stocks I was interested in. So it’s possible that either or both of ajb and Halifax might have been pricier for me than other platforms out there.
I can honestly say I haven’t experienced any problems with either platform Either through the web page or the app and on those ocassions when I have had a question or an issue both companies were there for me quickly via online chat or email.
I wasn’t trying to trade when the world went mad over a vaccine coming and every platform suffered because I was already invested where I needed to be at that point and the only time I’ve ever had a frustration over not getting an immediate quote has been when the market has been particularly volatile at open and I’ve been offered a negotiated trade by Halifax. But even then after a couple of attempts I’ve been able to get a quote. Every time I’ve used ajb I’ve been quoted, placed trade and within minutes(in the case of a sale) funds have been available to reinvest elsewhere.