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Lucky, when you bought your first batch of HL at 1350 client's uninvested cash
was less of a money spinner . Now it is but there is competition . Good Luck.
At record speed.
A profit cushion is what you need.
Mapp = DH
The two p's in mapp should be replaced by d's...
PayStonewall for advice on Diversity, Woke, LGBTQ, etc. when it is more
important to employ the most suitable for whatever job is needed.
Customer Service is a demanding job and not everybody enjoys this work.
Stonewall should know and not diversify without thought. Why pay for a
service that is not value for money?
The usual drivel, day in day out, garbage (thankfully filtered)
The world of Finance has become High Risk.
We sign on in good faith and are in danger to be
misled or dumped without warning.
How many of us are or will be?
What is the percentage of clients who enter the world
of investment unprepared? I was one of them and told to leave when
I started trading which is a good way to make up losses in a volatile market.
I advised to sell HL at 1350 and repeatedly recommended to buy at 750.
A team of Helpdesk Agents, HL, cancelled my on-line access for no good reasons.
CEO of HL is informed . So is Farage.
Markets are down, equities and funds weak, cash strong (at last), HL CEO wrote a particularly weak and lacklustre report imho but the results were good and market share against much increased competition was only slightly down. Decent results in the end. Silly market reaction initially - stupid games. But I'm heavily reduced in this position after taking a nice profit.
Weakening YoY in pretty much everything except cash management (low margin) and the interest they earn on their clients’ cash balances…especially in client income accounts on which they pay zero to their clients.
Tough environment, but HL will have to lower its fees over time as competition is intense and their core clientele will be in drawdown/runoff whilst younger generations shop elsewhere. I say this as a loyal customer of HL…
True, but if and when rates reduce investing and trading activity will increase it’s the same for similar investment companies. Most of the last decade has been very low interest rate environment and this done ok.
All the revenue gain is NIM, which is transient.
Business doing pretty well considering many people are sitting on the sidelines when it comes to investing. You can't stay on the sidelines forever and their savings initiative is happy to pick up those that linger. It will be interesting to see what broker analysts predict.
From what I read
The Group's net cash position at 30 June 2023 was £503.3 million (2022: £508.0m). Cash generated from operations more than offset the payments of the 2022, final ordinary dividend and the 2023 interim dividend. This includes cash on longer-term deposit and is before funding the 2023 final dividend of £136.6 million.
Balance sheet has weakened
Headlines were fluffed up
Never a good idea for a business to hold too much cash......
Markets are receiving the results well it seems.
Good to see a sensible post here for a change ....makes a change from the boring drivel normally posted.
Doing a dig into that balance sheet now
Almost 7000 messages for good reasons someone concerned will
understand.
Getoutjust in time, please report Mapp to the CEO of HL.
I hope you will get through. CEOs are ringfenced by an army of
security which means they are out of touch and cannot improve
their business. Info from bottom to top is secret of success
and brings feel good to both staff and clients. HAPPINESS.
I am still a client of HL. My ISA Investment is stuck and
difficult to shift.
I received 5 messages from HL and shall send a reply before I move on.
I still don't know and wonder why
I am in suspense and cannot buy.
I have access to my secure message at last but not to my on-line
trading screen . That is serious.
Makes no sense if sent by robot to the wrong investor.
Travellers are stuck waiting to catch a plane.
Insane? Normality has gone. Computer workplace is no fun.
There is a secure message in my HL account.
I tried to get in and failed to do so.
I am not a robot and wonder what is going on.
Failed message was passed on to CEO dan. olley@hl.co.uk
It arrived. Far too many messages are passed round like a
parcel and get lost with nobody taking responsibility.
On-line is for most a waste of time. Switched on traders rake it in.
Mugs try hard and few do win.
750 so far the bottom of the trading range.
Investors buy and live in hope.
Smart traders move around .
A I is new and far from sound.