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It was stupidly expensive
That’s why
It’s really simple
People cut back on savings and investments during recessions, simple as.
Assets under control will fall, hence the company won't perform as well, hence the so will be expected to fall.
DOWNGRADED TO UNDERPREFORM 220 TARGET. SECTOR OUT OF FAVOUR?
Can someone tell why this company has fallen out of favour ?
First time i have seed the share price rise after the release of results!
Don’t like the new Dodl app no live price to buy or sell I no it’s free to trade but no thx wouldn’t have mind if the unit prices were fraction higher lower at least you no what your paying.
AJ Bell #AJB ????
Q2 trading update
Total customer numbers increased to 418,309, up 21% over the last year. total inflows in the quarter of £1.5 billion.
Total assets closed at £74.1 billion, up 14% over the last year
https://t.co/a6rHgfcAcN
Valuation here is too high especially compared to CMC Markets, forward profit to Mcap for AJ Bell is in the 3% range, where CMC 2022,2023,2024 is 11.3%,12.7%,13.6%.
Why has AJ Bell share price fallen so dramatically ?
Mine were fine.
Received separately, but simultaneously.
Together with 2 email alerts, confirming receipt.
Suggest you speak to your broker, if you are sure not received.
Received Final Dividend on the 4th, but no sign of the Special Dividend. Anyone else having the same problem?
chassa; i think he would; but frankly whilst you are still growing, why would you sell your self short/cheap when pou could sell for even more whilst picking up your wage and divvis along the way?
I do agree that i think MR AJB has a moral thread to him - all that means to me is he would sell, at the right price, only with minimum term guarantees on company location (i.e staff remain in Manchester for minimum 5 years/no outsourcing).
I have an account with AJB, and all i can say is the service is perfect; no silly bells and whistles, straightforward reasonably priced (for them and user) charges, all constantly revenue generating. And having once worked for them, very briefly, i can tell you there is no big company largesse present; no lush offices, artworks, self importance polishing. And with regard to being a decent egg/decent firm, i think the Co's stance on not taking govt bailouts/not reducing staff speaks volumes.
For me this is a company that earns money not by grinding people down, stepping on people, but by providing an excellent service, paying its staff reasonably well, paying UK taxes, and embedded in its host community. I'd rather it stayed independent, as there is a lot more to come from this Co - albeit their predictable earning cashflows WILL bring someone knocking, as the embedded value here is not currently recognised.
Andy wouldn't sell to a US company he's too loyal to the customers
Another positive interim update today. Assets under management have grown strongly. Is it just a matter of time before this becomes a takeover target for a US bank or brokerage looking to get a foothold in the UK?
AJ Bell is on high rating but sector has strong growth potential
You need scale to invest in latest technology and operate at a profit which creates some barriers to entry
It’s still easier for big players eg Abrdn and M&G, Lloyds Bank to buy an established solution than build from scratch.
AJ Bell is looking to enter adjacent markets which is also smart.
Whilst they are growing rapidly I am content to hold
I am somewhat perplexed by the reaction to these results.
That said it is not unusual for AJB shares to fall back when results are announced.
On the face of it the results appear pretty good and demonstrate continued progress.
Still think this is a good company and will stick with them.
They are on a high P/E ratio compared to say Hargreaves Lansdown. I will keep an eye on them
Probably a bit of sell on results trade going on? Looks a decent buying opportunity at this SP for the divi i'd have thought?
Reading the results, I thought they were pretty good. I know the market is bad today, but I didn't expect such a big fall. I even considered the takeover of II might add some value, but maybe this has caused concerns over the value attached to AJB?
Morning all, I'm not an SH, but I am a customer (S&S ISA) and I wondered if anyone else is, and what's your recent experience of the platform? Since they moved to 'live pricing' (which seems anything but!), it's a mess and the only time it's accurate is after 17:00 each day. Apols for posting on this board, but just wanted to know if anyone else feels the same?
The platform sector is both consolidating rapidly and also now attracting big buyers.
M&G bought Royal London’s platform previously, it lacked scale and was loss making.
Happy to hold such a fast growing business.
Well yes but a rather paltry dividend considering the results and the amount of cash in hand. BOD needs a kick up the nether regions IMO unless they are planning a take over some where.
Good news = Share Price drops !!!
So will the price go up or down on these results?
What are the odds?
The bull market is attracting a lot of new punters who like to trade which is good news at present.
May make life tougher when bull market ends but in meantime business can grow offering and products and enjoy strong profits.
The investment platform space whilst consolidating looks to be a good investment for market leaders.
Happy to hold even if price drops back after today’s results.