AJ Bell

Laggard Laggards? AJ Bell Directors/PDMRs’ share sales, Numis, Invesco and the FCA

On Friday, 22nd May 2020 at 16:16 an RNS announced that Fergus Lyons (a Managing Director at AJ Bell) had sold 1.25 million shares at 448.637p and his wife another 25,000. Michael Summersgill (CFO) sold 5,000 shares and his wife sold 420,00o on 21 May 2020 at the same price. However, a day earlier on Thursday 21 May at 16.51, AJ Bell announced in an RNS that Invesco "has today indicated its intention to sell up to approx 31 million shares" in a placing, organised ...

Nominees and Voting: Easy @ii

In respect of Interactive Investor the settings for getting the voting and information service are as below: The first step is to go into your account settings, the rightmost...

AJ Bell and FinnCap IPOs

Here are some comments on the IPOs of AJ Bell and FinnCap which are open to private investors ̶ the former to any of their clients who wish to put in £1,000 or more. The latter can be purchased from the PrimaryBid platform. Bearing in mind that I have previously said that you should never invest in IPOs (see my comment on Aston Martin which was certainly right as the shares are now down over 20% since IPO here: https://www.sharesoc.org/blog/company-news/the-market-dunedin-and-standard-life-smaller-companies-merger-and-aston-martin-ipo/ ), these ...

IPOs, Platforms, Growth Stocks and Shareholder Rights

I agreed with FT writer Neil Collins in a previous article when discussing the prospective IPO of Aston Martin (AML) – “never buy a share in an initial public offering” he suggested because those who are selling know more about the stock than you do. We were certainly right about that company because the share price is now 24% below the IPO price. Smithson Investment Trust (SSON) did rather better on its first day of trading on Friday, moving to a 2% premium. ...

Time to open an account with AJ Bell?

Please note that ShareSoc does not recommend particular platforms, but aims to keep members aware of their relative merits. The Daily Mail reports  today https://www.dailymail.co.uk/money/comment/article-6196807/JEFF-PRESTRIDGE-Investing-platform-sends-message-clear-Bell.html the good news that: "AJ Bell has decided that its customers should not be left out of the impending stock market party. Anyone who has an account with the platform when October 15 comes around will be eligible to apply for shares(minimum of £1,000). While AJ Bell is dwarfed by Hargreaves Lansdown – and probably always will be – the ...

Investment Platforms Market Study

The Financial Conduct Authority (FCA) have just published an interim report on their study of “investment platforms”. It makes for very interesting reading. That is particularly so after the revelations from Hardman last week. They reported that the revenue per assets held on the platform from Hargreaves Lansdown (HL) was more than twice that of soon to be listed AJ Bell Youinvest. HL is the gorilla in the direct to consumer platform market with about 40% market share. HL earns £473 ...