Updates

H&T - Continuing to benefit from high gold price

September 2011

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.

H&T is one of the few retail offerings to demonstrate explosive growth. That is if you can call a pawnbroker a retailer and especially now when its business becomes dominated by gold purchasing (H&T buys second hand jewellery, which it melts down and sells as a gold ingot). The cash from that however is enabling the pawnbroking units to breakeven even faster accelerating the pace of rollout, facilitating more gold buying and creating a virtuous circle. With the gold price trending higher, the group has announced its expectation that full-year results will be above the top end of current market forecasts. Together with interim results to 30 June, which showed pretax profit of £10.3m and earnings per share of 21. ...

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International Greetings

James Fisher - Emerging markets focus

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

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 - 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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