Hargreaves Lansdown: Shoring up the moat

HL's customer engagement remains best in class and underpins its successful business model. However, its profit margins are under pressure as competition increases. The shares may still struggle to make progress.

Photo courtesy of Hargreaves Lansdown

Hargreaves Lansdown(HL) has built itself into one of the most successful and profitable companies listed on the London market. Like other platform businesses such as Rightmove and Autotrader, it has created a business of considerable scale and leveraged it over a high fixed cost base which has enabled it to make very impressive returns.

To keep reading sign up for an annual or monthly subscription here. If you're already a subscriber log in here.

Enjoying this article?   

Join our list for more quality insight and analysis. No spam, unsubscribe any time.

%d bloggers like this: