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H&T - Barnstorming progress in light of high gold price

June 2009

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.

It was no surprise to hear H&T say profits are running significantly ahead of management's expectations. Pawnbroking, the core business, has benefited from the sustained higher price of gold, which has enhanced the yield on unredeemed loans. But the outperformance has more to do with H&T's gold buying activity, which it began a couple of years ago as an alternative offer for its pawnbroking customers enabling them to sell their gold items outright. The strong gold price plus the fact that it is buying gold jewellery in pounds, melting it and selling it on in dollars is clearly benefiting from the weak pound. But H&T isn't a one trick pony - the weak property market is also enabling it to find more prominent site ...

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Kentz

Cosalt

H&T - Raises interest on its pawn loans by 0.5% (April 2024)

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H&T (March 2021)

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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 - 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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