Updates

H&T

May 2010

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.

No real surprises in 2009 results, which had been flagged in February's trading update. Pretax profit was up 83% to Â£18.5m and eps up 86% to 37.7p. To put this into context, when we originally tipped H&T at 185p in March â€˜09, the forecast had been Â£11m pretax and eps of 21.7p. Overall, gross profit for the year lifted by 43% to Â£51.2m.The main driver to the outperformance has been gold purchasing activity - H&T buys second hand jewellery, which it melts down and sells as a gold ingot - and given that it sells in dollars it has also had a double whammy from the weakness of sterling and the buoyancy of the gold price. The average sterling gold price in 2009 was Â£621 as compared with Â£472 in 2008 and delivered a 40% ma ...

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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 (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.

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

H&T