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That's not the way to handle investments
Should drop 30% on these director sales.
This share is badly badly overvalued.
Time for a correction
Directors selling a large amount of shares I presume
Does anyone have any ideas on why the significant dip today?
Please do leave, then perhaps you can stop posting here?
Oh yes ...sorry...chat software only available 20% of the time
Yep...opened my account only a week ago...since then...locked out twice...second time at a critical point...fee increase announcement... My Lloyd's account actually cheaper on aggregate ( the cheap rate looks attractive until you realise it rolls over monthly not quarterly ) min two days reply to email... No reply at all to secure mail... Limit order software is actually worse than not using it at all...very disappointed... Lloyd's ends up a lot smarter than it first appears ( actually Lloyds uses Halifax platform ) to conclude... I'm pausing my efforts at aj bell. Kind regards the jimster
20% increase in fees by ajbell chit cnts for a crappy service, I'll leave. Profiteering bstrds
I somewhat agree, but overall I still give 5 stars
Twit.
Bad company to have your investments with. No prices to sell or buy most of the time. Terrible customer service, prices excessive, no response to my complaints and it is my regret that I used AJ Bell for my investments, I shall be transferring elsewhere as soon as possible. Avoid aj bell is my recommendation.
Disappointingly the UK is not the US when it comes to financial services. As evidenced by AJB announcing yesterday that it is increasing some of its fees up by an inflation busting 20% to its loyal customers.
Until regulators take action over failures such as the outages at a whole range of financial services companies during the market rebound last month, there is every incentive for these companies to continue with their rip off business model.
Schwab in the US has moved to zero cost stock trades, I've noticed a couple of other smaller brokers starting to advertise zero cost trades, eg El Toro. Might this trickle become a flood and how do they make money with no charges, including no custody fee's? Schwab is vast in comparison to UK brokers, dealing with $Tn opposed to $Bn , might they be showing the way?
Im transferring my investments away from AJBell, and they will now lose out on my custom for quite considerable future investment as a result of their incompetence and lack of communication.
Thursday 22 October
AJ Bell PLC Trading Statement
AJB is having problems with its software update. On Monday the platform was not functioning. On going issues are withdrawals are not being processed/ currently lost and their message system has lost its records - on my account. Have others had issues- with their client base they could be facing a sizeable compensation hit
My Halifax Sipp which AJB provide trustee admin service to is also having withdrawal issues - my guess is their interface to HMRC to calculate tax on withdrawals is non functioning IMHO
https://www.ajbell.co.uk/sites/ajbell.co.uk/files/AJB_conflicts_of_interest_policy.pdf
Seems pretty solid. Me, still a big fan although it does seem a full price to me. Not a seller but not a buyer up here either. This one I just ride. 5,000 shares...... I suspect I'll wish I had more in a few years time but, for me, it's a very full price at the moment.
Regards.
Agreed.
Recovered most of loss though.
Rise on rumour, fall on news!!
...to what seems to be a fairly healthy trading up-date.
On Thursday evening I looked into placings of a similar nature to this that have happened previously with other shares. They indicated that the sp would move to about 370. I was reassured when it did. On all the companies I looked at in the past this was the lowest point from which it returns to the prior to placing price within a relatively short time. Friday was an opportunity to buy some shares at a lower price than the 400p that the big investors are purchasing them at.
I expect the inside sellers saw an opportunity to release some cash at a good price.
The question I don’t have an answer to and would like to know, ‘who has bought them?’ Is it perhaps HL or Plus?
Just realised I mis-posted - it wasn't 171,000 shares the PDMR's & PCA's sold, it was 1,710,000. Doesn't look any better.
One (possibly) redeeming thought - was yesterday the end of a lock-up period? That *could* explain PDMR's and Invesco selling on the same day, but I don't remember the exact lock-ups or dates from the Prospectus.
And to think, I (currently) trust them with my ISA & SIPP!
RNS Fri, 22nd May 2020 16:16
3 PDMR's and 2 of their PCA's sell 171,000 shares all on 21/5/20, during market hours.
At 4.51pm on 21/5 (after market has closed), an RNS announces Invesco is undertaking a placing of 31,000,000 shares of which they shift 30,986,911 at roughly a 10% discount to the closing share price on 21/5/20 (they sell for £4.00 versus a closing price of £4.46 - all per RNS at 7.34 am 22/5/20). SP promptly plummets about 15% to close at £3.78, but not for the PDMR's and PCA's who shifted their shares with hours to spare.
Oh, and one of the PDMR's is the CFO.
I'd be really interested to hear thoughts on how this isn't market abuse.
The SP has been on the up.