H&t Share Discussion Threads

[mikey34] 28/3/2012 17:21

Annual report arrived this am and have just finished reading it.Basically unrelenting good news.Additional 25 new stores opened during the year,with new stores opening performing on average ahead of board's expectations.Record levels of lending in 2011.Pledge book up 18%.You've got dividends going up every year,6.5p to8.1p to 9.5p to 10.75p this year.
Unless I'm missing something this is hugely undervalued (trading on under 6 times earnings).I will continue to add.Oh,and throw in for good measure the fact that this is the quintessential stock for recessionary times!

[beefeater25] 20/3/2012 22:25

Charts look like a little bit more to fall yet... DYOR

[mikey34] 19/3/2012 08:42

Have just added a few.....I agree that it seems hard to fathom why this has come down since the excellent results....value should eventually out.In the meantime you have a rising divi and a pe about 6x.That makes it roughly half the rating of ABM.I think Buffett would approve.

[cutlosses] 16/3/2012 21:22

A nasty fall today - their were more sellers than buyers but still hard to work out why after decent results.

[niggle] 16/3/2012 18:52

this isn't right?

[gwatson56] 14/3/2012 17:31

Looking for a top up soon at these levels..... the dividend should provide some support soon, so by my logic more upside than downside. Perhaps the MM's might try for a few stop losses in the comming weeks. Re-reading the results I am at a loss as to why the difference is so large between ABM and HAT..... still in time this will come good I am sure...

edit 16/3 ... I think next week should be a good time to top up, I will wait first for a bottom to this dip. I see that the HAT / ABM differential is now 50p.

[waldron] 09/3/2012 08:07

Sign of the times? Pawnbroker H&T enjoys higher profits despite cooling gold priceBy This Is Money Reporter
UPDATED: 12:21 GMT, 8 March 2012

Comments (0) Share

Shares in H&T Group, the UK's biggest pawnbroker, rose nearly 3 per cent today as it revealed higher profits for 2011 despite falling gold prices at the end of last year which hit its gold purchasing division.

Up: Profits in H&T's pawnbroking division rose by 15 per cent to £26.7m
The group's key pawnbroking division, which generates the largest proportion of income, saw profits rise 15 per cent to £26.7million, while its pledge book was up 18 per cent at £46.6million.

However H&T, which has more than 200 sites in the UK, including 54 Gold Bar retail shopping centre units, said its gold purchasing division's profits slumped by 14 per cent to £17.2million after the price of gold softened towards the end of year as fears over the global economic outlook eased.

The price of gold, which was up 23.7 per cent in 2011 at £982 per troy ounce, had soared throughout most of 2011 because of uncertainty about the global economy, causing investors looking for a safe investment to plough into the precious metal.

H&T said gold purchasing would still to be at high enough levels to fund further expansion in 2012.


More...Gold stages recovery to $1,714 following a 5% slump in the price yesterday
H&T GROUP SHARES: Check the latest price here

John Nichols, H&T chief executive, said: 'At a time when the availability of standard forms of credit are diminishing, the group continues to expand its presence.'

Hit: H&T's gold purchasing division saw profits slump by 14 per cent to £17.2million after the price of gold softened towards the end of year
H&T said its retail jewellery sales division struggled as the higher price of gold, which has benefited its gold purchasing arm, squeezed sales.

Total retail sales were up 2 per cent at £20million, but like-for-like sales were down 9.4 per cent year on year.

View from the City

Andrew Wade, analyst at Numis Securities, said H&T's 'sensible' approach to lending, 'latent growth potential' and favourable gold purchasing trends were encouraging.


Read more:

[gwatson56] 08/3/2012 21:30

See we still are some way from broker targets........

[spracklin] 08/3/2012 08:27

pity the volumes are so small, what would it take to get this share moving...take over I guess. Still, earnings are rising so hope patience will be rewarded.

[cambium] 08/3/2012 07:49

Another good set


For the year ended 31 December 2011

H&T Group ("H&T" or the "Group"), is pleased to announce its preliminary results for the year ended 31 December 2011.

John Nichols, chief executive of H&T Group, commented:

"I am pleased to report another strong performance, delivering growth in both earnings and dividend per share.

The Group's pawnbroking operations have performed strongly with pledge book growth of 18.0% year on year. Gold purchasing also continues to be a strong source of profitability and cash flow in supporting the Group's continued store expansion programme.

At a time when the availability of standard forms of credit are diminishing, the Group continues to expand its presence, offering immediate access to cash and credit from convenient high street locations. The Group opened 25 stores in 2011 taking its total outlets to over 200. With our strong balance sheet, we expect a similar level of store openings during 2012.

A final dividend of 7.00 pence is proposed, taking the full year dividend to 10.75 pence - a 13.2% increase on prior year."

[cnx] 01/3/2012 02:34

re 240 above

i don't think they speculate on the price of gold.

i imagine the buy and sell daily. if world spot is 100 then they buy in shopping malls for 80 and bank profit nightly.at least this what i hope they do.

the increase in their traditional pawnbroking outlets is the key to the growth and dividend growth

[ladyfarmer] 28/2/2012 12:18

Surprised these haven't ticked up on excellent PFG results - looks as if ABM are at last. Buying opportunity?

[gwatson56] 27/2/2012 16:43

If we get a 'stop loss' dip tomorrow AM I am in for more. More upside than down at these levels... News next week

[beefeater25] 27/2/2012 10:52

What about the gold they get for their "We buy your gold" shops?

[beefeater25] 24/2/2012 10:32

Does anyone know what HAT do with the gold they buy? Are they storing it or melting and selling as bullion?
Thanks in advance...

[niggle] 24/2/2012 09:13

mm's peeing about with the price isn't helping this. It has to break out one way or another - the reaction to ABM's results was poor and I don't really get why, just keep buying because soon these levels will seem like distant history.

[mikey34] 22/2/2012 14:14

Beefeater,
Re ABM's results,which were good,I would suggest a little bit of profit taking on the news may have occurred,but in terms of HAT,the pe is currently about 7,whereas ABM was closer to 13.I would expect that differential to narrow.Two excellent co's in a sweet spot,but HAT looking better value at this point.

[beefeater25] 21/2/2012 22:58

Could be mafia... have to wait and see. Albermarle results didnt go down too well today...

[mafia music] 21/2/2012 17:49

only concern i have is with the results (from Half year report) FOR THE SIX MONTHS ENDED 30 JUNE 2011

30june 2011 30 june 2010
Revenue 55,604 70,991


30june 2011 30 june 2010
Profit before taxation 10,285 14,481


are the results that are being published on 8th march going to be lower than the year before?

[beefeater25] 21/2/2012 08:58

Do these guys hold the gold or sell it on once they purchase?

[gwatson56] 21/2/2012 08:23

From ABM this AM .....

"Gold Buying

This was another positive period for Gold Buying, with total gross profit from this division increasing by 88% to GBP12.0 million (2010: GBP6.4 million). New stores and the pop-up gold buying shops contributed strongly, taking advantage of our customers' desire to achieve good prices on unwanted gold jewellery.

Volumes by value of gold bought increased by 57% and as a result we believe we have increased our market share. We have benefitted from increased margins as strong operational controls have enabled us to capitalise on the higher gold price. "

Suspect we are in for a cracking set of figures early March.