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H&T Group Share Discussion Threads
Showing 751 to 772 of 775 messages
|£ down and gold up again. £1039. Weak retail sales and rising unemployment, reported this week, suggest this one could also be moving up this year as the economic cycle looks like it might turning down, despite the weaker £. There aren't many shares about that hedge an economic downturn. Maybe the £ is falling due to the UK entering recession as much as Brexit.|
|I felt the recent fall and profit taking was a nice opportunity to purchase some more stock at a very fair price. And so I did. I am not wholly sure as to the reasons why so many shares have been sold of late. I may be missing something of course bnut mid - term I have a lot of confidence in this one. I have finished buying for now FWIW.|
|Gold creeping up again in sterling - £1023/oz.|
|Of more concern than 20p in a week is 60p gone this month after it hit 300p on Sep 7.
I wonder if the fall is connected with the perceived new toughness of the Financial Conduct Authority. HAT commented in the 2015 financial report on responsibility for regulation moving from the OFT to the FCA, "...we welcome the higher standards that this change will bring to our sector." If, as seems likely, HAT is not involved in dubious practice then this could be an unfair markdown.
"CFO Lending, which was fined £34m this week by the Financial Conduct Authority, is just the latest operator brought to its knees by regulators punishing bad lending behaviour. CFO, which traded under brand names Payday First, Money Resolve and Flexible First, will have to hand money back to nearly 100,000 victims of its unfair practices."|
|why the big fall?
profits warning on the way?
insiders in the know as usual|
|Seems strange for this one to be down 20p in a week when gold has gone up £30.|
|Gold creeping up slightly as £ falls again. £1014/oz. Euro 1.159 . $1.296 .|
|Anyone find out why the sudden mark down last Friday ?|
|A particularly large sell triggered a load of stop losses maybe?? Thoughts on this bouncing back?|
|Shouldn't they have gone into mid-day auction on such a sharp move?|
|I agree. What was that about? Large sale not published yet? (For those who read in years to come, we just has a 10% spike down, followed by a bit of a bounce as it flushed out small buyers. Edit - the bounce has just reversed.)|
|Update on HAT from finnCap on Research Tree:
"We retain a positive long-term stance on H&T. The current year P/E of 16x looks extended but we feel H2 upgrades may well address this – the sterling gold price is up 20% vs H1, while delivery during 2017 from new products should confirm this year’s upward share price momentum....Solid H1. Interim results confirm progress is on track. PBT increased £1.1m to £3.7m. EPS increased 44% to 7.99p and the dividend was raised from 3.5p to 3.9p. The pledge book grew 4.3% to £39m but importantly the personal loans book grew 85.3% to £6.3m. Group debt was £6.9m, down from £8.9m."|
|Some commentary after the interim results.
The directors have approved an interim dividend of 3.9 pence (2015 interim: 3.5 pence). This will be payable on 7 October 2016 to all shareholders on the register at the close of business on 9 September 2016.|
|That's the 300p resistance taken out in time for Interims tomorrow.|
|Yes, looks really good.|
|Breaking out for new record highs prior to trading statement - this is a good sign.
Chart looks nearly as good as BOO !|
|I covered this on ShareProphets last weekend:
|The company is perceived as a gold play hTTp://www.telegraph.co.uk/business/2016/07/14/why-is-the-gold-price-rising-five-forces-driving-the-precious-me/
The Sterling gold price could soon be back at the 2012-13 level when the share price was well over 300p. This time round we have a company that is debt free and without the inclination to leveraged expansion of the shop estate. That should mean higher or special divis for shareholders.|
|There must be rumours of a bid to move the price like this|
|It wins on two counts - gold price and recession. The UK economy has been a bit weaker of late. The only bright spot keeping things spinning has been the property market. I understand that is being affected by the news following the Brexit vote, by which I mean the domestic side and not just doors temporarily closing on big property funds recently. If property slows, we could well be headed for recession, although the fall in gilt yields should mean mortgages get even cheaper so there is a chance weak growth might continue. For now though, I'm told domestic house buyers are nervous and hanging fire.
I've been monitoring for a while and was hoping to buy in nearer £2. I've been switching some stuff around in anticipation of recession and I bought a few tranches of HAT in recent days because I think think Brexit might be enough to tip us over the edge when the economy was already showing some signs of slowing. I have no view on the gold price. I can't know which way the gold price might go. It's always been a bit unpredictable. What spikes up often drifts down again, although the spike in the gold price of late certainly did nothing to put me off my other reasons for buying in. My timing was fortunate as I had not realised there was a trading update today but, then, I lost about 1/3rd of my investment in a matter of weeks in IRV recently so I think I was probably due a bit of luck.|