image

The best stocks to buy since 1993

Latest issue now available

H&T

March 2021

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:
  • 299p
A year on from when I wrote up the shares, H&T said that following a stronger than anticipated November and December, it expects full-year pretax profit to be ahead of market expectations. Almost all of the 253 stores remain open.The key swing factor has been precious metal scrappage, where returns were +58% on the prior year as it benefited from the high gold price. There was also strong retail jewellery sales in H2 (only 6% below the prior year). That said, the extended lockdown restrictions have weighed on the pace of recovery of the pawnbroking pledge book (£48m at year-end).Numis has upgraded its pretax profit forecast to £14.2m (eps 28.9p) vs its previous forecast of £11m. The forecast for the curr ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

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

LIMITED PERIOD OFFER!

SUBSCRIBE TODAY AND SAVE £30 WITH OFFER CODE 30OFFSCSW

To access our archive of articles and to receive current issues you need to subscribe