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The answer is ,the platform is not to be used like that ,such as buy and sell if you have profits, this was what they told me .And some are nice,others are arrogantes ...
They charge you £30 to take the money and paid into your bank account on the same day ,yet the money is only there late in he evening ....And yesterday they they cancel the email service where you can ask for this service.So any money you need you will have to wait for the 4 days transfer ...
I had tremendous difficulty trying to pick up shell shares when they were a tenner a few days ago on either ajb platform or through Halifax. They were offering matched trades only. This was down to market volatility at the time and is just one of those things. I couldn’t get toilet roll in Sainsbury’s or Asda last week either but that doesn’t make them a crap supermarket.
slack ..3000 shares of NCYT ...5K Profits lost them , could not sell ,even the quote accepted was removed ....
Barchid ,you right they are crap ......You can never sell your shares at a profit .Then if you call them up to buy ,somehow you see the shares shooting up before you can buy ,,,....Not good at all
Not a good site if you hold AIM stocks you can usually buy, but selling is a nightmare.
I have complained to them several times with usual standard response.
Gige
I agree with slackermark, I have been active this week and very happy to be with Bell's, service has been good for me but I hold all my aim shares in VCT's due to difficulty in dealing in them even when times are good and liquid.
You can't sell your shares? I've had no problem with most of mine; the platform is busy, yes but the trades are being executed. What specific shares are you talking about? If you are talking about small cap, fledgling and/or AIM stocks then yes; in a market like this there is likely to be zero liquidity. With the small stocks the Market Markers stop making markets and it reverts to matched trades only so if there is no buyer out there then you can't sell, any price shown is merely indicative. That's the nature of small cap shares, especially in a brutal market, you can be stuck with them...... but then you knew that was a significant risk when you bought them. To be honest I've had times in the past when I've tried to buy small cap/AIM shares and just couldn't as there was no seller. It's not AJBell, it's everyone. In such circumstances no broker will be able to sell/buy those shares for you.
On the mid/large cap shares it's been OK on AJBell - platform is busy so can be slow but stuff is getting done.
They have been getting loads of customers recently. HL is reeling from the Woodford chaos, loads of their customers very unhappy, blaming HL (investors should make their own choices despite any broker suggestions so 5% blame to HL and 95% blame to the investors themselves just they don't want to accept than and so many always want to blame someone else) so looking elsewhere and seeing AJBell offers a similar service at a fraction of the cost.
Many have argued a market correction is long overdue and this Corona Virus thing is all that was needed to trigger it. Plus side for AJBell is it is busy, loads of activity, loads of trading commission. Downside is where they charge a %age fee on the assets held - those assets are worth less so the fee is lower. Me, I have no OEICs, never will have so my fees are capped at £100 a year.
How can they pick up customers ,you buy share on their platform then you cannot sell them?? And when you do get a quote to sell you click and is cancelled ,,, orders are accept then cancelled you lose all your profits ...
Not sure how much of a risk Vanguard will be. Yes, 15bp p.a. is seen as inexpensive by some but you will only be allowed Vanguard stuff, nothing else - the correct charge should be zero! OK zero for you Vanguard holdings, 15bp for other stuff but they are not going to support other stuff. AJ Bell would charge 0bp for holding Vanguard ETFs - yes the SIPP does have an admin charge but it's only(?) £25 per quarter maximum. ETFs and ITs are just shares. OEICs attract a platform fee but ETFs and ITs, it's zero. I don't see the new Vanguard proposal as any serious threat here - the 25bp p.a. fund (Units/OEIC) holding fee, that's an issue but pretty much everyone else charges more. It does have to go at some point, it's completely unjustifiable and competition will eliminate it in the end but....
I am a shareholder and I do have a sizeable SIPP with them FWLIW
Certainly an encouraging update on the face of it, be interesting to see what the market makes of it this morning....
Well, I also think vanguard will take plenty of customers now that next year they are doing pension provision ( sipps).
Also after woodford there could be a flight to trackers.
Only my opinion.
I'd say if you think it's a mature business, then no, if you think it's in a strong growth phase and with highly leveraged Profit to Sales, then you can argue yes.
Grease
Surely on those figures you quote the pe is about 50 times not 40 times ?
I never usually entertain stocks on that type of multiple but with their major competitor bleeding customers incessantly post Woodford isn't AJB the most, certainly one of the most, obvious places to transfer in to ?
Given their profitability increases much faster than the rate of AUM due to the fixed costs of the platform couldn't we be seeing a great opportunity, hence the stratospheric pe ?
With earnings of just under 8 pence per share, the share price has a p/e ratio of over 40.
Is this really justified ?
YE Results out tomorrow.
Any idea why todays sharp rise ?
A very nice morning, I see a trade of 181,000 went through earlier, but good volume aside from that
By the look of things they do seem to be picking up custers, 17% more according to the year end trading update.
This seems a good long term bet to me.
Going down in line With Hargreaves Lansdowne I guess?
IMHO they are 2 very different beasts, HL is tarred with Woodford & Bell could gain market share as a result ?
This is getting bloody hammered recently. What's going on???
Taken a bit of a hit today.
WOW, what's going on here?
What am I, as an average punter missing with AJB's diving price? We had a stock WELL over £4, now it's arrived at £3.75. Appears again that investment logic is on its head.
Company is losing more 'friends' every day. Beats me!!
Buys outnumbered sales by 6:1. Price down almost 2%. How can the average punter have any belief in the basic workings of the market. If I want to sell my car and have six offers am I going to knock the price lower?
Company had excellent update and the stock thanks. Time to get rid of my few holdings. It's all in favour of the crooks running their books.
A really good set of results with revenue and gross profits UP...................Hoping for a lift in the SP in the early trading................GLA