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The sell in May challenge
Comments
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Hargreaves Lansdown PLC (LON:HL)
988.43p at close on May 24
HL is highly profitable at present, making 0.6% net commission on assets under management (AUM). However, this commission is hidden within fund management charges (typically 1.5%), so most customers are unaware of the pricing situation.
As a result of the Retail Distribution Review (RDR), HL will be forced to introduce an explicit charge. It appears that most competitors who are introducing percentage-based charges will be in the 0.25%-0.35% range. If HL opts for a 0.6% charge, it will be highly uncompetitive and will lose customers (and therefore AUM), but if it opts for a lower % charge, it will become less profitable (and loss-making at 0.28% or lower).
Either way, HL will become less profitable and its share price will drop, which will be further amplified by a de-rating of the company's P/E ratio (currently something like 35x).0 -
I'll go for RBS, for all the obvious reasons, in the belief that they aren't fully priced in yet. 327p at close on Friday 24th (already down 3% on the day - rats)."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0
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Ocado - Currently 264p0
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Apple, currently $445.15. I don't think that the new "flat" interface in ios7 will go down well. The stock is well down in recent months so this could go very wrong. High risk.0
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Forgot the link:http://uk.finance.yahoo.com/q?s=AAPL0
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Facebook, last price 24.31 May 24 4pm EDT.
http://finance.yahoo.com/q/bc?s=FB0 -
I've made a quick Google spreadsheet to show the current standings. It *should* update automatically
https://docs.google.com/spreadsheet/pub?key=0AmC2e0ZRb74vdDJPbGJ0S1FMLVNIaDRZbnJweXFFU3c&output=html0 -
What's the betting that our "portfolio" beats the FTSE All Share?I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Late entry.
Stock Cur Price
Shanks Group GBX 86.75
as at 31/05/2013 15:19 from X-O0 -
gadgetmind wrote: »What's the betting that our "portfolio" beats the FTSE All Share?
gadget I'm thinking of buying in on that. It has to be a winner :rotfl:
Thanks Monkey. Have a virtual pint on me :beer:I believe past performance is a good guide to future performance :beer:0
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