Hargreaves Lansdown (HL.L) 14-01-20
Hargreaves Lansdown (HL.L) has dropped from highs of 2073p. Will it continue, or could you pick up a bargain?
- Now trading at 1824.5p (at time of writing). A return to period highs would mean a rise of 13%.
- This shares are amongst the most significant fallers in the period.
- Markets constantly over-react to adverse news. Traders should consider whether the fall is reasonable, or is this another over-reaction?
- Bargain hunters should be mindful of the underlying fundamentals.
- Shares -25% from 12-month highs; +11% from 12 month lows.
06 Feb: Hargreaves Lansdown, the wealth management group, announced that profit before tax increased by 12% to £146.9m for the half year to the end of 2017. AUM increased 9% to £86.1bn.
02 Feb: Hargreaves Lansdown have appointed of Deanna W. Oppenheimer as chairman, with effective immediately. Oppenheimer is currently a director at Tesco.
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires