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Started: DaveT1, 12 Dec 2023 09:30
Last post: mapp, 20 Feb 2024 08:30
Broking is a business without responsibility.
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.
Started: MaryBr190, 4 Dec 2023 16:43
Last post: busicat, 8 Dec 2023 09:11
Well done Mary! ~20% up for the week on this I take it.
Last traded out of this in 2021 around 420 iirc, what happened to the SP since then? Seems a decent entry point for growth/
Started: MaryBr190, 7 Dec 2023 07:14
Last post: MaryBr190, 7 Dec 2023 11:44
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.
Started: busicat, 19 Oct 2023 09:55
Last post: Chive1, 19 Oct 2023 14:26
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.
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
Started: MartMcM, 19 Oct 2023 14:20
Last post: MartMcM, 19 Oct 2023 14:20
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
Started: acearp, 28 Apr 2023 15:59
Last post: acearp, 28 Apr 2023 15:59
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.
Started: IJShares, 12 Apr 2023 18:13
Last post: CHEATED, 28 Apr 2023 12:04
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 ?
Started: Theanalyzer, 1 Dec 2022 08:03
Last post: CHEATED, 12 Apr 2023 12:25
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.
Started: Coffee73, 25 Oct 2022 20:44
Last post: Coffee73, 25 Oct 2022 20:44
Any idea on the reason for today's rise?
Started: selecta6, 27 Sep 2022 08:50
Last post: selecta6, 27 Sep 2022 08:50
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.
Started: IJShares, 8 Sep 2022 11:07
Last post: anon3, 8 Sep 2022 13:38
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
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?
First time i have seed the share price rise after the release of results!
Started: wozzer70, 21 Apr 2022 09:06
Last post: Me12345, 21 Apr 2022 13:02
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
Started: Freedom4Uall, 17 Feb 2022 08:26
Last post: Freedom4Uall, 17 Feb 2022 08:26
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%.
Started: Peterd19, 15 Feb 2022 12:33
Last post: Peterd19, 15 Feb 2022 12:33
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?
Started: Trackem, 20 Jan 2022 09:40
Last post: damofarl, 20 Jan 2022 14:36
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?
Started: Theanalyzer, 5 Dec 2021 13:15
Last post: Theanalyzer, 5 Dec 2021 13:15
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
Started: IJShares, 2 Dec 2021 19:15
Last post: IJShares, 2 Dec 2021 19:15
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.
Last post: robizm1001, 2 Dec 2021 18:04
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?
Started: Humero, 15 Oct 2021 09:46
Last post: Humero, 15 Oct 2021 09:46
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?
Started: Theanalyzer, 29 Jul 2021 08:53
Last post: Theanalyzer, 29 Jul 2021 08:53
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.
Started: Theanalyzer, 27 May 2021 08:32
Last post: eccles04, 2 Jun 2021 22:10
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.
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.
Started: IJShares, 27 May 2021 10:32
Last post: IJShares, 27 May 2021 10:32
Good news = Share Price drops !!!
Started: IJShares, 18 May 2021 18:27
Last post: IJShares, 18 May 2021 18:27
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 ?