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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| H&t Group Plc | HAT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 11.00 | 2.65% | 426.00 | 16:35:04 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 434.00 | 418.00 | 434.00 | 426.00 | 415.00 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 12/03/2024 | Final | GBP | 0.105 | 30/05/2024 | 31/05/2024 | 28/06/2024 |
| 08/08/2023 | Interim | GBP | 0.065 | 07/09/2023 | 08/09/2023 | 06/10/2023 |
| 07/03/2023 | Final | GBP | 0.1 | 18/05/2023 | 19/05/2023 | 23/06/2023 |
| 09/08/2022 | Interim | GBP | 0.05 | 08/09/2022 | 09/09/2022 | 07/10/2022 |
| 08/03/2022 | Final | GBP | 0.08 | 12/05/2022 | 13/05/2022 | 24/06/2022 |
| 09/08/2021 | Interim | GBP | 0.04 | 02/09/2021 | 03/09/2021 | 01/10/2021 |
| 23/03/2021 | Final | GBP | 0.06 | 13/05/2021 | 14/05/2021 | 25/06/2021 |
| 11/08/2020 | Interim | GBP | 0.025 | 03/09/2020 | 04/09/2020 | 02/10/2020 |
| 13/08/2019 | Interim | GBP | 0.047 | 05/09/2019 | 06/09/2019 | 04/10/2019 |
| 12/03/2019 | Final | GBP | 0.066 | 02/05/2019 | 03/05/2019 | 31/05/2019 |
| Top Posts |
|---|
Posted at 24/4/2024 14:51 by lord loads of lolly 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. |
Posted at 24/4/2024 10:49 by aishah Dividend yield of 4.81% and fcst p/e of 7.1 looks cheap imo.Price crossed 200d SMA now. |
Posted at 15/3/2024 06:36 by tole https://masterinvest |
Posted at 12/3/2024 08:12 by aishah Added at the open. PBT +39%, EPS +31%, NAV + 8%, Divi +13%.Outlook Looking to the year ahead, we will continue to build on the progress achieved in 2023. We believe that demand for our core pawnbroking service will remain high as the ongoing impact of inflation on customers' disposable incomes creates record levels of demand for small sum, short term lending, at a time of severely constricted supply. We are also seeing growing demand from customers who are business owners, seeking finance for working capital against pledged personal assets and this formed part of the rationale for the acquisition of the pledge book of Maxcroft. Further expansion of our store network remains a focus, although this will always be in a controlled and measured manner. It is likely that between 8 and 12 new stores will be opened in 2024. |
Posted at 23/2/2024 17:07 by lord loads of lolly riverman77 - I agree to an extent, but think you're being unduly harsh referring to "constant own goals".The two you highlight - plus piecemeal top-up funding since 2023 - are the main ones that spring to mind. Sure, that's not great, but there's still a LOT the company's doing right. They wouldn't be announcing record annual profits otherwise. The current storm clouds remind me of the period when H&T was under FCA investigation for its HCSTC loans. All was doom & gloom then, with the share price feeling like it was on a permanent downtrend. I took the view/gamble that any fine (& reputational damage) was likely to be fairly insignificant & short-lived. So I added several times at prices between £3 & just under £2, as the share price continued to nosedive. Not only have I benefitted from the dividends since, I've also made a half-decent return on capital - even allowing for recent corrections. I'll be doing the same again this time if March's Preliminary Results cause any further significant correction (unless there are any more curved balls of course). On the issue of RFX v. HAT. Both have their strengths and both have suffered significant share price declines since summer/autumn 2023. So it's not all down to management. There's a change in sector sentiment at play here too. Which I suspect will be fairly short-lived. As for a potential merger with RFX, I very much doubt that would ever be waved through. Or indeed even contemplated by either party. But you never know! |
Posted at 23/2/2024 09:06 by taylor20 Yes the other way to view the purchase is it highlights how undervalued HAT is.But I'm with zchaka5, the strategy of late does seem a bit erratic. I guess the actual view from HAT and their lenders is that rates are not going to come down anytime soon. (The Lloyds facility is SONIA + 3.3% - 8.8%). |
Posted at 24/1/2024 12:14 by lord loads of lolly Though I generally think brokers blow with the wind, H&T's house broker makes some interesting points below. Well worth a read. My key takeaways are:1) Growth over the next couple of years, whilst strong, will be slower than earlier forecasts. Largely due to softening retail sales (+ changes to mix) & increased costs - notably salaries. April 24's National Living Wage increase is likely to have a knock-on effect on higher paid staff too, to preserve the differential based on their experience & responsibilities. Of course, H&T may adjust their prices or negotiate even harder with their suppliers to offset some or all of this. But the former might have to be exercised with caution, assuming continued weakness in the economy. 2) Dividends will increase less rapidly. Hardman are "only" forecasting 16.75p FY 2023. This looks slightly low to me, given the 6.5p August 2023 dividend already paid. A final divi of 10.25p would only be marginally above last year's 10p. But management may well have guided them on this, so let's see when they declare it on 5th March. 3) Current share price valuation ranging from 406p to 630p, with a weighted average of 503p. Despite the "science" used to back them up, I never pay too much attention to these, especially when issued by a paid-for house broker. www.hardmanandco.com |
Posted at 16/12/2023 15:08 by jm6783 First of all, I think the new dividend policy is far more sensible for a company currently growing as fast as H&t, particularly given that borrowing capacity is constrained.I am surprised about the tax increase but am assuming there is little they can do about that. However, on the costs, can someone please explain to me how, if H&t - by far the largest company in the sector- are left in a situation where rising costs are hitting them so badly that they can only target a 14% RoE now - even with lending booming and having levered the balance sheet - how can much smaller pawnbrokers possibly survive ? |
Posted at 13/12/2023 13:32 by lord loads of lolly riverman77 - still early days, but this seems like a logical rebound to a ridiculous over-reaction.Since when did brokers (even house brokers) ever get their forecasts even vaguely right? Most are incompetent, show less understanding than you or I of the companies they’re meant to be analysing & simply upgrade/downgrade their price targets AFTER the share price has moved. You mentioned FUTR falling 40% on a broker downgrade. I don’t follow that share, but a quick look suggests their US sales recently dropped almost 20% with little explanation given by management. That’s a far cry from HAT, which still seems on track to announce record-breaking sales, profits & dividends early next year. |
Posted at 11/12/2023 22:31 by thorpematt Yeah it's not so bad when you view it like that.I think you have to ask: Is this "news" a future structural issue which affects prospects? Or Is this more of a one-off adjustment The way I see it: The revenue numbers are actually adjusted UP. This says that the outlook for trading is better than previously forecast (and that was already a strong uptrend). So I think that looks fairly positve. On the other hand, the negative impact of increased wage costs could be a one off impact... or it might be a continuing trend. The specific issue is NLW and therefore the link to salary costs for employers such as HAT. The context of that recent large increase (straight from the official source) is here: - -------------------- (If you have read that, this next bit is relevant) It's my view on what the policy makers are saying (and the folly therein) Really it's something of a self feedback loop. If the policy is to raise NLM and NMW proportionally to predicted wage inflation, then you are simply perpetuating a trend. Depends whether the policy makers work this out really? Of course in high inflation environments, nflation is fed by such policies. You get fuel on the fire in other words. And then there is only one way to control it. Higher interest rates. And then you get recession. So you gotta be careful. In the end it's all a bit "economics". I think pawnbrokers will do fine in tricky economic environments. And I think sometimes you have to be careful of economists making predictions. |
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