Updates

H&T - Still high demand for short term loans

September 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.

Following the capital raise in October, H&T hasn’t looked back. Latest H1 shows demand for small sums of short-term credit remains at record levels; the rising gold price continues to push up scrap margins; and FX is also building momentum. Overall these factors saw pretax profit up by 31% to £8.8m, eps +24% to 16.3p and the interim dividend +30% to 6.5p. A net six new stores were added in H1, taking the number of stores to 273, helping the pledge book grow 14% to £114.6m (December: £100.7m). The better-than-expected growth in the pledge book drove gross profit from the Pawnbroking side by 42% to £32.4m. Combined, the profit contribution from purchasing and pawnbroking scrap increased by 59% to £6.8m whilst FX volumes ...

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UP Global Sourcing - Massive deleverage of balance sheet

Essentra

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

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 - 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 - 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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