Updates & Ideas

H&T - Raises interest on its pawn loans by 0.5%

April 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

An investment strategy that can generate substantial long-term rewards is to buy shares in leading growth stocks when they are out of favour. The basic logic is simple - they always come back into favour at some point in the future. Evidence of current investor disenchantment can be found when looking at the latest share ratings for H&T (HAT; 379p), for instance. Based on forecasts for 2024 (pretax profit of £33.4m and earnings of 57.2p), the PE for the UK’s largest pawnbroking group (when measured either by the number of outlets or the amount lent) is 6.6x. H&T’s shares have suffered unduly since its peak in November, because its FY23 pretax profit (pretax profit +39% to £26.4m and eps +31% to 48.7p) had initially been gu ...

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Revolution Beauty

Growth Portfolio 3 - April 24

H&T - Still high demand for short term loans (September 2023)

H&T (June 2023)

H&T - Upgrades driven by pawnbroking, scrappage and FX (April 2023)

H&T (March 2021)

H&T - Pent up demand for short term loans (April 2020)

H&T (January 2012)

H&T - Continuing to benefit from high gold price (September 2011)

H&T - Making hay from high gold price (October 2010)

H&T (May 2010)

H&T (February 2010)

H&T - Forecasts upgraded from Â£14.6m to Â£18.2m (eps 37p) (November 2009)

H&T - Boosted by gold scrapping profits (September 2009)

H&T - Barnstorming progress in light of high gold price (June 2009)

H&T - Gold price and weak pound boost profits (March 2009)

H&T (February 2009)

H&T - Gold trading bolsters profit by Â£2.4m (September 2008)

H&T - High gold price boosts profits (May 2008)

H&T (February 2008)

H&T (December 2007)

H&T (June 2007)

H&T - Classic defensive stock (February 2007)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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