Hargreaves Lansdown (#HL.) – revenue fall, notes “uncertain economic environment and market conditions”
- 2022-05-12 07:53:35
A busy geopolitical Tuesday on the markets, but a far from impossible day for anybody (being very boring) and holding a massive FTSE 100 position. A busy UK earnings day too and, whilst I was amused listening to the thoughts of the InterContinental Hotels Group (IHG) CEO earlier, its shares are back above the 50 quid level (as seen - but not maintained - in 2018, 2019, 2020, 2021 and now 2022). Still, I am looking forward to staying at a Regent Hotels and Resorts location (if the lottery win ever comes through). Whilst I wait for this, my thoughts turn again to the company which says it aims ‘to give you all the tools, information and support you need to make the most of your money’, Hargreaves Lansdown (HL.). I am sure many folks stuffed into Woodford funds by Hargreaces as Hargreaves itself sold down its managed fund holdings in the same Woodford funds might not agree with that boast!
Back in early August I observed that there were ‘continuing issues’ at Hargreaves Lansdown (HL.) which made me avoid the shares. Obviously I still do not own any today and this morning’s update keeps me of the view that the company's shares are still stuck in a 1400-1800p range.
Back in May HERE I observed on ‘Hargreaves Lansdown (HL.) whose shares have remained stuck in a 1400-1800p share price range over the last year...there is no reason - in my opinion - to own the shares here’. So what do I make of today’s full year to the end of June numbers?