H&t Share Discussion Threads

[lord loads of lolly] 26/4/2024 09:23

"a management team that seem astute at finding new opportunities for the business".

I agree with that generally. Not so sure in the case of Maxcroft though (or more precisely, the price paid). Time will tell.

[saint or sinner?] 26/4/2024 09:13

Low PE, very decent div yield and loads of growth to come ... oh, and a management team that seem astute at finding new opportunities for the business.

A growth stock opportunity for broken Britain.

[ntv] 25/4/2024 07:59

Large purchase reported late @437

[lord loads of lolly] 24/4/2024 14:51

Saint or Sinner? - I hope (& think) you're right. But nobody knows for sure.

One thing we can safely say is that anyone selling before 30th May won't receive the guaranteed 10.5p dividend per share.

[saint or sinner?] 24/4/2024 12:01

People selling now for short term trading profits will come to regret it for sure.

[aishah] 24/4/2024 10:49

Dividend yield of 4.81% and fcst p/e of 7.1 looks cheap imo.
Price crossed 200d SMA now.

[ntv] 12/4/2024 08:18

Gold climbing again

[riverman77] 10/4/2024 21:11

Gold price should be helping.

[wad collector] 10/4/2024 21:03

Sp showing some resilience this week, maybe the worst is behind HAT now? Still a bit in the red myself but looks like a hold to me .

[lord loads of lolly] 28/3/2024 09:23

podgyted - agreed. I guess you could say cost control is another uncertainty, given the imminent National Living Wage increase. Whilst H&T generally pays above this rate, they've already said 2024 salary costs will exceed the rate of inflation.

But traditionally, H&T has been fairly conservatively run with effective cost controls.

Their next update is some time away, but the early signs for retail are promising.

At their recent 2023 FY presentation, we were told retail sales had held up well in January & February (after a disappointing December).

I'm cautiously optimistic H1 2024 figures will be strong and that we'll see an upwards share price re-rate within the next 12 months.

[podgyted] 27/3/2024 21:44

Should be looking quite good here.

Gold is strong, so they can lend more against it and also buy for margin. Pawnbroking will be strong at the moment.

Retail is the only uncertainty.

[tomps2] 18/3/2024 16:22

H&T Group (HAT) FY23 results presentation - March 2024

H&T Group CEO, Chris Gillespie and CFO, Diane Giddy present full year results for the for the twelve months ended 31 December 2023, followed by Q&A.

Watch the video here:

Or listen to the podcast here:

[lord loads of lolly] 18/3/2024 10:04

The Chairman doesn't hold that many shares. However the CEO does.

So I'm not sure you can read too much into that.

Also, the CEO, CFO & Chairman were ALL buyers in spring & summer last year. It turns out their timing was off, as they each paid between 428p & 444p back then.

However, that - to me - suggests an underlying confidence, as well as the temporary December retail downturn coming as a genuine surprise to them. Thankfully, January & March 24's retail sales have been strong to date, so it looks like the tide may have turned.

[interceptor2] 18/3/2024 08:09

It's strange the Chairman purchased 15k shares last June and I can see no RNS since to state he has sold any, with last weeks purchase he should hold 20k shares now?

The CEO holds a decent amount at 125k

[cestnous] 18/3/2024 07:31

So I’ve got more shares than the chairman. A pathetic purchace

[tole] 15/3/2024 06:36

https://masterinvestor.co.uk/equities/small-cap-catch-up-hat-mcb-cost-and-gms/H&T Group (LON:HAT) – Sustained Profitable GrowthMy long-term favourite pawnbroking group has reported for 2023 a 39% improvement in its pre-tax profits at £26.4m (£19.0m), while its Pledge Book was 28% higher at £129m (£101m), producing a 36% uplift in its PB net revenue at £69.5m.The group's balance sheet has stayed strong and its net assets at £177m give a per share value of 403.3p.CEO Chris Gillespie stated that:"The Group has made significant progress in 2023, delivering record profits and strong growth in a challenging environment for both businesses and individuals.Pawnbroking is our core business and is attracting increasing numbers of new customers.Throughout the year, we saw record demand for our pawnbroking service and this has continued into 2024, with January being a new record month for lending."Analyst Gary Greenwood at Shore Capital Markets has a 'fair value' on the group's shares of 515p.He estimates that the current year to end December will see £33.5m profits, 57.2p earnings, triple covering a dividend of 18.5p per share, leaving the group's net asset value at 442.1p per share.This group continues to grow and I continue to rate highly the upward potential for its shares from the current 385p.

[aishah] 13/3/2024 13:24

Price crossed 50d SMA and looks strong imo.

[rimau1] 13/3/2024 11:46

Hitting book value now so that was my target exit price for the tranche bought yesterday morning. Long term position held looking for 4.50 or 8x

[ymaheru] 12/3/2024 14:11

Hiya, isn’t 31% eps increase more than others had forecast or expected?

And, didn’t broker say another 27% coming this year?

That’s all ahead of my expectations.

[wad collector] 12/3/2024 13:11

Not much bad to see in those results. The gold play is an added bonus- with gold prices rising much more consistently than the 2009 peak , looks like more to come. Well timed if you managed to pick any up in the last few weeks.

[tomps2] 12/3/2024 09:30

H&T (HAT) Full Year 2023 webinar

Friday, 15 March, 12:00pm

Chris Gillespie, CEO & Diane Giddy, CFO will present results for the FY23 followed by Q&A.

Register here: [...]

[rimau1] 12/3/2024 08:33

Should be 8x forward earnings so 4.50 looks realistic this year

[aishah] 12/3/2024 08:22

Latest forecasts today FY24: PBT 33.5 +27%; EPS 57.2 +17.5% (p/e 6); divi 5.4%; NAV 403.3. Directors were buying well above 400p last year.
Mkt cap £150m.