Why I just bought more Hargreaves Lansdown shares Enter Your Email Address I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. “This Stock Could Be Like Buying Amazon in 1997” See all posts by Edward Sheldon, CFA Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares When I last covered Hargreaves Lansdown (LSE: HL) shares in late October, I said that the stock wasn’t a ‘buy’ for me just yet, despite the fact that I thought the long-term story was attractive. My concern was that there was downside risk due to the role the company played in the Woodford Equity Income debacle.Last week, however, when the shares tanked 8% on Friday’s half-year results, I couldn’t resist adding a few more shares to my position in the FTSE 100 company. Here’s a look at why I just topped up my holding.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Woodford impactHaving monitored HL shares closely over the last few months, my current view in relation to the potential impact of the Woodford debacle is that it’s most likely priced into the valuation. I could be wrong, but I think the shares are likely to recover as people move on from the scandal.Reading Friday’s half-year report, it doesn’t sound like the company is too concerned about the long-term impact of the Woodford drama. For example, CEO Chris Hill said: “We are confident that the diversified nature of Hargreaves Lansdown, our continued investment where we see opportunity and market-leading client offering, mean that we are well placed to help our clients prosper, whilst delivering strong and sustainable returns for shareholders.”The company also said that it’s “excited” by the structural growth opportunity in the UK savings and investments market and that it remains confident in its ability to deliver sustainable growth through the cycle.Solid resultsWhile the market clearly didn’t like Friday’s results, I thought they were pretty solid given the challenging backdrop last year (trade wars, UK general election, Brexit uncertainty, Woodford). Revenue for the period was up 9% while diluted earnings per share increased by 12%. Active clients jumped 50,000 to 1,274,000.It’s also worth noting that the group increased its interim dividend by a healthy 9% (versus a 2% rise last year). This is another signal that management is confident about the future.All things considered, I thought the share price fall of 8% on Friday was excessive, so I went against the herd and topped up my holding. I paid around 1,750p per share, which equates to a forward-looking P/E of about 30 (falling to 27 using next year’s consensus forecast). A high valuation, no doubt, but the company is worth a premium in my view, as it’s extremely profitable.RisksOf course, there are risks to the investment case here.One major risk is the threat of low-cost competition. In the US, there are now many online brokers that offer commission-free (or very low cost) stock trading, and these kinds of companies are beginning to arrive in the UK. I think at some stage Hargreaves will have to reduce some of its fees to remain competitive and this is likely to hit profit margins.Another risk is that the Woodford affair has a long-lasting impact on the group’s reputation.Overall, however, I’m bullish on the long-term outlook for Hargreaves Lansdown. While the stock is a little out of favour, I’m a buyer. Edward Sheldon, CFA | Wednesday, 5th February, 2020 | More on: HL I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Image source: Getty Images Edward Sheldon owns shares in Hargreaves Lansdown. The Motley Fool UK has recommended Hargreaves Lansdown. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.
US Senator Patrick Leahy and members of the Putney Historical Society, Preservation Trust of Vermont and Vermont Housing and Conservation Board met at the site of the Putney General Store Wednesday morning to announce that a new $60,000 federal grant will ensure that construction on the new General Store can begin this year. None of us here could have imagined that instead of touring a new and improved Putney General Store today we would be standing in front of a vacant lot, said Leahy. But the fact that we are still here is a testament to the Putney community and another example of how in a time of crisis Vermonters pull together.Before the November 2009 fire that destroyed the Putney General Store for a second time in under two years, Leahy had announced he had secured a $100,000 appropriation, in partnership with the Preservation Trust of Vermont, to rebuild the community-supported project. Leahy said the new $60,000 appropriation would be available immediately, enabling the Putney Historical Society to move forward with construction this year. The significance of this money cannot be overstated. It is the last big push we need, to ensure we can move ahead without delay, said Putney Historical Society President, Stuart Strothman.During Wednesday s visit to the site of the Putney General Store, Leahy pointed out that while these funds will help move the project forward, fundraising is not complete. A recent $20,000 matching grant from the Thomas Thompson Foundation requires a $40,000 match. Combined with the Thompson grant and match, the Leahy appropriation brings the estimated $920,000 campaign within $80,000 of completion. Strothman noted that the project may be able to get a loan to cover the difference.The Putney Historical Society has also accessed funding from the Vermont Community Development Program, the Vermont Housing and Conservation Board, the Preservation Trust of Vermont, the Windham Foundation, and many other community donors and corporate donors.Source: PUTNEY, Vt. (Wednesday, Feb. 17, 2010) Leahy’s office.
Villagers in Wajak Kidul hamlet, which is located some 10 kilometers from Tulungagung regency, East Java, have placed homemade masks around their homes as they believe the objects can protect them from the COVID-19 pandemic.The villagers call the masks, which are made of coconut palm fronds and have a human likeness drawn on them, tetek melek. They put them above the doors and windows of their homes, hoping that the deadly disease will stay away.”Every time we turn on the television, we watch news about the coronavirus. Everyone here talks about the virus every day,” said Supani, a 80-year-old farmer in Wajak Kidul. The outbreak, he added, reminded him of several pandemics that hit the hamlet decades ago, when he was a boy. One of the pandemics was a skin disease known locally as pageblug.”During pageblug, my grandfather told villagers to make tetek melek masks and place them around the house,” he said. Yasmini, a Wajak Kidul villager in Tulungagung, East Java, looks at a ‘tetek melek’ mask fastened on the outer wall of her home. Some villagers put the masks around their houses in an effort to ward off the coronavirus. (JP /Asip Hasani)On Wednesday after working in his rice field, Supani took some dried coconut fronds that had fallen to the ground and cut them into three pieces of about a meter each. Using liquid whitewash, or kapur, he coated the fronds before drawing human faces on them with charcoal. “When we start drawing that human face we must be spiritually clean,” he said. Supani’s method was soon followed by other residents in his neighborhood. Now, dozens of houses in Wajak Kidul are decorated with tetek melek.Wajak Kidul villagers have reason to worry about their safety.In February, a migrant worker who had recently arrived to her home village of Tulungagung from Taiwan, began to experience symptoms consistent with COVID-19. She died several days after being admitted to Iskak General Hospital but the authorities declared her negative for the coronavirus. Nevertheless, there are at least four suspected COVID-19 patients in Iskak General Hospital at the moment. Hundreds of others in Tulungagung and its neighboring regencies have been put under surveillance for COVID-19. East Java Governor Khofifah Indar Parawansa declared a state of emergency in COVID-19 outbreak mitigation following the spread of the virus in 34 of the province’s 39 regencies and cities. In West Kalimantan, some Dayak communities have conducted traditional rituals to ward off the coronavirus.A Dayak Kanayatn resident, Kusnadi Isim, told The Jakarta Post that the tolak bala ritual to drive evil spirits away was usually held in sacred places called panyugu or pantak. “The ritual includes washing away sesajen [offerings] that are put on a small boat,” Kusnadi said, adding that people had been prohibited to leave their homes sometime after the ritual.At least 1,421 West Kalimantan residents had been put under surveillance as of Monday. Twenty one people are in isolation at referral hospitals as patients under surveillance (PDP). Two have been confirmed positive for COVID-19 and one of the PDP died on Saturday. (vny)Topics :
More companies and organizations globally are increasing their focus on environmental, social and governance (ESG) issues, as well as ensuring they can manage ESG-related risks effectively. This is important because the ability to handle ESG issues will provide added value to the company and affect the company’s long-term sustainability. However, the implementation of ESG in Indonesia appears to be underdeveloped.Citing the 2019 National ESG Survey conducted by the Indonesian Center of Risk Management and Sustainability (CRMS), the majority of respondents have not considered ESG in decision-making processes and other business processes in the organization. This survey was conducted through 171 companies in Indonesia from 16 industrial sectors, where the majority came from the financial and insurance sector (33 percent) and the mining and quarrying sector (9 percent).The major… Google Facebook Topics : Forgot Password ? Log in with your social account Linkedin LOG INDon’t have an account? Register here analysis bank-mandiri ESG environmental-social-and-governance
RelatedPosts Ighalo: My best moment as ‘Red Devil’ Breaking: Ighalo blocked Osimhen’s Man U move — Brother I wanted Manchester United exit after one training session — Sanchez Gary Neville believes Manchester United’s last-minute loan deal for Odion Ighalo underlines their poor planning in the transfer market. Former Watford striker Ighalo, who has spent the last three years playing in China, is heading to Old Trafford on a short-term contract until the end of the season after United reached an agreement with Shanghai Shenhua on Deadline Day. The 30-year-old will provide cover for the injured Marcus Rashford, but Neville is puzzled as to why his former club did not have long-term targets lined up following the departures of Romelu Lukaku and Alexis Sanchez. “They just needed a body in that area,” he said ahead of Manchester United’s meeting with Wolves, live on Sky Sports Premier League HD. “Rashford’s going to be out for another couple of months. “I can’t let the club off the hook though, unfortunately. Romelu Lukaku told us a couple of weeks ago that he had said he was going to leave last February or March. “That’s nine months to be able to manoeuvre and get into a position to sign a striker for the club for the long-term. And yet they have ended up desperately doing one on Deadline Day. “The boy may do very well. He might come in and settle in, he might score goals and do a job for the club. “But the fact that the club were in that position, knowing that Sanchez and Lukaku were leaving for many, many months, tells us that Manchester United, at this moment in time, are struggling to navigate through the transfer market smartly.” Speaking on Sky Sports News on Deadline Day, meanwhile, former United centre-back Jaap Stam said of Ighalo: “He’s got nothing to lose because nobody thought he would be a United player. “United have the confidence in him. We’re all a bit surprised, but he can just go in there and do his thing. We all want to see United get back up there. “Like all former players and United supporters, we wish him well. He’s joining a big family. Everybody within the club hopes that every player will do well and is going to perform. “I’m sure he’ll feel welcome and hopefully he’s going to produce.” “He’s now playing with better players than he was at Watford, so he will get more opportunities to score than at Watford. “I’m sure he’s got the ability. He wasn’t their first choice, but you assume people have seen him and trust what he can bring.”Tags: Alexis SanchezGary NevilleMarcus RashfordOdion IghaloRomelu LukakuSky Sports Premier League