H&t Share Discussion Threads

[rainmaker] 10/2/2014 20:53

Thanks Guys,for some interesting and thought provoking messages. As some have already realised, you can't discuss this Company without thinking about ABM

regards

[outsizeclothes.com] 10/2/2014 12:29

Aug 21st I said that this had bottomed, and gave my figures forecast. Abermarle have disappeared as a rival, and "pay day" loan legislation will drive more business to us at the "more moral" end of that spectrum.
Inside 2 years we'll be back earning 30p+, rapidly paying down debt, a fat and rising divvy based on today's price, in full control and sitting pretty in a same sized market, but with less rivals.
The market is starting to realise that we aren't in the same hole as Abermarle, and that what hasn't killed us has made us stronger.

[gwatson56] 07/2/2014 11:17

Bargain Shares Portfolio 2014



Company name TIDM Market Activity Offer price (p) Market value (£m) Bargain rating
Naibu Global International NBU Aim Chinese maker and supplier of branded sportswear 63 36.9 2.97
H&T HAT Aim Pawnbroker 158 58.2 0.91
Camkids CAMK Aim Children's clothing 85 64.1 0.86
PV Crystalox Solar PVCS Main Solar wafer maker 19 30.4 0.82
Arden Partners ARDN Aim Stockbroker 75 16.7 0.67
Barratt Development BDEV Main Housebuilder 373.2 3675 0.50
Taylor Wimpey TW. Main Housebuilder 112.4 3643 0.47
Bloomsbury Publishing BMY Main Publishing 167 123.2 0.45
Record REC Aim Specialist currency manager 37 81.9 0.37
1pm OPM Aim Finance 57 17.2 0.37
Fortune Oil FTO Main Oil & gas projects 9 234 0.33
Charlemagne Capital CCAP Aim Emerging market asset manager 16 46.5 0.33

[pugugly] 07/2/2014 08:26

Volume action suggests a tip somewhere - IC out today - A possible source - Have checked Faraday and not them

[alphahunter] 07/2/2014 08:11

Same as you, scouting the web.

[pugugly] 07/2/2014 08:09

Up 14% at open - Cannot find any news - Anyone suspect why ?

[outsizeclothes.com] 27/1/2014 12:35

I view today's news from Abermarle as good - it shows that H&T aren't going to overpay.

[michaelmouse] 11/1/2014 19:55

hxxp://michae1mouse.blogspot.co.uk/2014/01/fairpoint-and-h-group.html

Michael.

[sammy_smith] 08/1/2014 09:38

LISTEN: H & T Group (HAT) - Trading update

Click the link below to listen

[scotches] 07/1/2014 17:02

Numis called the update, "relatively reassuring".



hxxp://www.wkrb13.com/markets/245559/ht-group-plc-stock-rating-reaffirmed-by-nplus1-brewin-hat/


HAT net debt was reduced to GBP20.8m (2012: GBP27.6m)

The update is in stark contrast to ABM. How can two businesses which were so similar have fared so differently?

On the ABM thread a common theme to explain the demise of the company is that shop pawnbroking is a doomed enterprise subject to fierce online competition. Obviously there is indeed far more competition in this sector. HAT acknowledge this and indicate they will close non contributing stores. However they, "will look to acquire profitable Pawnbroking opportunities" ie snaffle up the good ones from ABM. "The current market consensus is for pre-tax profits to tumble to £5.85mln from £17mln in 2012 on sales tipped to dive to £98.6mln from £129.7mln."

So could the bulk of the industry problems be specific to ABM ie that it suffered a succession of poor management decisions - how else to explain the contrast with HAT? On the ABM thread there are some horrific stories of bonuses and pay offs to those managers who have brought the business to its knees.

[chalky] 07/1/2014 10:23

looking at the trading update these are in a much better position than the share price suggests especially a 7 million debt reduction and continuing.They certainly look in better shape than a few other companies in the same sector.

[michaelmouse] 05/1/2014 20:16

hxxp://michae1mouse.blogspot.co.uk/2014/01/the-low-pe-small-cap-high-yielders-vs.html

Michael.

[chalky] 09/12/2013 10:03

looks like they are in the pot to take over ABM in sunday times

[awesometactics] 03/12/2013 16:11

I'm considering taking a position here and obviously I see the business itself isn't completely on steady ground but IMHO this is now in "value" investing territory and there seems to be a decent amount of potential from this level.

Also i noted a 500K buy go through today so that definitely adds a level of confidence not that its relevant unless someone knows something special.

[dewtrader] 27/11/2013 22:14

to many competitors like wonga taking away business

[scotches] 27/11/2013 17:56

Since the companies are so similar I keep wondering if HAT is about to suffer the same fate. However at least the debt figure here is significantly better.

It seems that market conditions may indeed have been favourable for pawnbrokers but all that new competition has made serious inroads into profit potential.

A declining gold price is really just a convenient excuse to explain away management decisions. In fact HAT had continually stated they regarded the gold boom as just a temporary bonus. So now that the bonus has disappeared we'll just have to see if there is still a profitable business when up against multiple competitors.

Ironic that not managing debts and cash properly has brought down ABM - ie the fate of many of the clients.

[alphahunter] 27/11/2013 16:52

Says who?

Could ABM disappear gracefully, please?
Once they've smelt all their gold. And make space for HAT.

[shauney2] 27/11/2013 12:42

wrong thread

[alphahunter] 27/11/2013 10:35

Could ABM disappear gracefully, please?

[bench2] 31/10/2013 20:21

Now up to 165p , 10% above the 150p resistance line , what would appear to be a chart break but reported volume is tiny . We will need to wait a week or two to see if any large trades have been withheld from publication . Has everyone given up on pawnbrokers ? Post ABM debacle I don't blame you . Any other views would be most welcome

[bench2] 29/10/2013 10:05

Chart break at 150p looks interesting if it holds , must watch the volume for confirmation . I have not seen any new news and with gold price becalmed I see no positives in the trading background . Any thoughts ?

[alphahunter] 18/10/2013 07:48

Why would they buy ABM? No need there. ABM's assets will be offered to them on a plate by the "CRO", if they need any.

[undervalued companies] 16/10/2013 13:16

Have to say way overvalued still look at digital look forecasts going down in next 2 years and thats not taking into account falling gold price of sub $1000 in 2014.

Another point is IF the green shoots are here and recovery comes gold will drop further and the public will be given easier access to banks hence pawn brokers will have a double hit.

The third aspect better online presence needed at hat like wonga etc why go in some scary dodgy store with tramps when you can get money at home from the computer ? I understand there will be a market but until abm goes bust limiting the market to mainly Hat to many companies.

One last thought if hat buy abm this Sp will really go down the loo