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H&T

June 2023

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.

  • Epic Code:
  • HAT
  • Price:
  • 420p
As expected, H&T has seen pledge lending demand remain strong. The company has opened seven stores in the year-to-date (now 274) and pawnbroking saw a record performance in January and March. While there was a pick-up in redemptions during April, which restricted pledge book growth, it still grew to £106.5m at the end of April, up from £100.7m in December. In terms of other lines, there has been higher demand for second hand jewellery and watches; the rising gold price continues pushing up scrap margins because of the timing difference between acquisition of the pledged item and its eventual disposal; and FX is also building momentum with sales already up by 10% year-to-date and are expected to accelerate as it moves through t ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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