IntegraFin Holdings Share Price (IHP)

Thanks, that was a very thorough analysis. Forward yield now over 4% I think, not what you'd expect for a high growth co.

An interesting article and analysis

https://knowledge.sharescope.co.uk/2022/06/15/screening-for-my-next-long-term-winner-integrafin-lse-ihd/

The best financial advisers I know recommend Transact, and one of the things that makes them the best financial advisers, is they attract/coach (its a virtuous circle) clients who understand and have enough to wealth to require their assets to increase, rather than be spent down. That sustaining an income in retirement, or more importantly a lifestyle, requires a growing pot.

Completely agree, way overdone here, brokers like Shore Capital have seized on Alex Scott's comments about negative headwinds to bang the bearish drum, however these are the same challenges facing all businesses and not exclusively IntegraFin. Net inflows at record high, progressive dividend policy (fully intact) and investing for the future. This is a very high quality business with a decent moat around it. I see this stock as a diversified market proxy with a revenue kicker in turbulent times due to higher volumes. Added to my long-term position yesterday and buying more today.

This looks way overdone to me. I can understand HL falls because they face a lot of price competition from AJBell for an open platform and Vanguard for a single provider, but in adviser world there are different decisions going on.