Hargreaves Lansdown fiasco

dividendhero

docboy wrote: »

Sorry my friend, but this is what I came across, and you too can find articles if you Google this following.

HL's Dampier and Gardhouse cashed in shares weeks before Woodford crisis

Looks like Stephen Lansdown cashed his chips in too around the same time.

Surely just a coincidence :T

coyrls

docboy wrote: »

Sorry my friend, but this is what I came across, and you too can find articles if you Google this following.

'HL's Dampier and Gardhouse cashed in shares weeks before Woodford crisis'

Sorry my friend, but the shares referred to are Hargreaves Lansdown shares, not Woodford (or Woodward) funds as you claimed in your OP.

redux

docboy wrote: »

Sorry my friend, but this is what I came across, and you too can find articles if you Google this following.

'HL's Dampier and Gardhouse cashed in shares weeks before Woodford crisis'

Yes, you can find articles about senior HL people cashing in shares.

The nuance that may be still escaping you (it sounds like) is that the reports all say they sold HL shares (as ColdIron replied), not Woodford funds (as your OP still claims).

This may be entirely coincidence, or an attack of visionary genius, and that possibly partly informed by inside knowledge, or possibly not, and we may or may not ever get a straight answer ...

But at least let's have the facts correct: they sold their own company shares.

ColdIron

docboy wrote: »

Sorry my friend, but this is what I came across, and you too can find articles if you Google this following.

'HL's Dampier and Gardhouse cashed in shares weeks before Woodford crisis'

Indeed they did but they were Hargreaves Lansdown shares not any (unreported) interests they may have had in Woodford

If you have any information showing that 'their company executives cashed out on Woodward funds' then I, and many others, would be interested to hear about it. Otherwise this is just muckspreading

I repeat: check your facts

Thrugelmir

docboy wrote: »

Sorry my friend, but this is what I came across, and you too can find articles if you Google this following.

'HL's Dampier and Gardhouse cashed in shares weeks before Woodford crisis'

Still hold sizable share holdings in the company. Like any investor diversification is paramount.

Vortigern

Thrugelmir wrote: »

Still hold sizable share holdings in the company.

I think you need to be more specific (for docboy)

Who still holds shares in which company?

Herbalus

Vortigern wrote: »

I think you need to be more specific (for docboy)

Who still holds shares in which company?

I thought it was obvious. Woodford still holds shares in Dampier.

Thrugelmir

Vortigern wrote: »

I think you need to be more specific (for docboy)

Who still holds shares in which company?

Lindsell Train funds have significant holdings in HL. This is going to rumble on.

arnoldy

I was looking at the Hargreaves Multi Manager Growth and Income and the Woodford fund % has dropped from 14% to 12%.


As the fund has been gated this would imply they were selling out before suspension - simultaneous to pushing it to their small investors.


Have I missed something or miss understood?

ffacoffipawb

arnoldy wrote: »

I was looking at the Hargreaves Multi Manager Growth and Income and the Woodford fund % has dropped from 14% to 12%.


As the fund has been gated this would imply they were selling out before suspension - simultaneous to pushing it to their small investors.


Have I missed something or miss understood?

Perhaps the values of the other holdings have gone up, reducing the proportion invested in the Woodford dross?

Also the percentage may include Income Focus which is still tradeable?