H&t Dividends - HAT

H&t Dividends - HAT

Best deals to access real time data!
Monthly Subscription
for only
Level 2 Basic
Monthly Subscription
for only
UK/US Silver
Monthly Subscription
for only
VAT not included
Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
H&t Group Plc HAT London Ordinary Share GB00B12RQD06 ORD 5P
  Price Change Price Change % Stock Price Low Price High Price Open Price Close Price Last Trade
-2.00 -0.67% 297.00 295.00 302.00 299.00 299.00 16:35:09
more quote information »
Industry Sector

H&t HAT Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

spob: People talking like this was a big deal Long term this news is irrelevant The share price drop was a massive overreaction These were an absolute bargain at 280p if you could buy any at that price
lord loads of lolly: q599 - I haven't, though I did sell part of my holding in HAT when it edged towards £4, getting back in again when it dropped closer to £3. Pure luck really - my timing isn't usually that good! In many ways RFX does look better - certainly in profit terms. And its share price has doubled over the last 2.5 years or so, which HAT hasn't. I guess the question is: Will the market consolidate further? And if so, will this be of more benefit to the bigger players? RFX's turnover is currently about a third of HAT's, so it could prove less resilient to any trading slump in the sector. Or it might be nimbler - less bogged down with acquisitions and the problems they can cause with integration. Who knows, but thanks for putting RFX on my radar!
smithie6: interesting in last 10 years it looks like the total divis paid out has been ~ £1 pretty good wrt the share price...and the share price over those years
muzmanoz: Like you I am struggling to understand. Gold price fall? Fear of regulation over loans? Seems unjustified to me. Ramsdens' directors unloaded shares in June which led to a fall in its share price from which it hasn't recovered. There might have been some read across here too.
topvest: Aleman - I think the overall trading position is improving which is the main thing and you are right that they should generate reasonable profits from gold trading. Analysts forecasts per Stockopedia have been increasing from below 30p to 34p and now nudged down slightly to 32.1p consensus. Anything over 30p is excellent and fully supports the share price in my view.
cfro: While we await new broker estimates i think we can safely and perhaps conservatively assume EPS for year ending '18 of say 35p. So with the share price back down to 335p today the forward PE is only 9.6. That seems very good value to me.
topvest: Definitely a tailwind for business in this sector at present. Can see the share price going quite a bit higher and happy to hold.
martinthebrave: Graham Neary report from Stockopedia. He seems happy enough! H & T (LON:HAT) •Share price: 338p (+3.5%) •No. of shares: 37.4 million •Market cap: £126 million Trading Update Another positive update from this pawnbroking group which I have held in my portfolio since 2013. Profit before tax for the full year will be ahead of current market expectations. The Group has delivered another good performance in its lending operations. The pledge book increased 11.6% to £46.1m (31 December 2016: £41.3m) as a result of the higher gold price, the concession format and an increase in loans on quality watches. The Personal Loans book has increased by 94.7% to £18.3m (31 December 2016: £9.4m) as a result of the expansion in our longer term, lower interest rate loan product. Like its smaller rival Ramsdens Holdings (LON:RFX), H&T realised that there major opportunities in products related to pawnbroking. As you can see, its personal loans offering has taken off very well. I'm hoping to see it keep growing in size and maybe even start to rival the pawnbroking pledge book in the years to come. Jewellery retailing is reportedly also going well, including through the development of click-and-collect online sales. Finally, the outlook statement is confident. CEO comment: "Demand for our products remains strong and we look forward to the future with confidence." The updated EPS forecast now is likely to be pushing 30p, based on increasing another 7-8% from here. Checking some gold/GBP charts, the average price of gold in 2017 was indeed materially stronger compared to 2016. H&T has a lot more going for it, though, than just the price of gold. The personal loan product (see here) is very competitive for that segment of the market which has been shut out by the banks. Although daily bank overdraft fees can also have a huge implied APR, something which is easily overlooked! Increased lending on quality watches is also worth a mention. When a customer presents an item to pawn, H&T has a facility which lets it send high-definition images of the item from the stores to central office, where jewellery experts determine its value. Expertise in watches is an important part of the company's overall offering. Funnily enough, I agree that Quality is not especially strong for H&T. It's essentially a financial firm, and it's never going to compound in value to generate exponentially larger returns, like some rare stocks can do. But it is the undisputed leader in its sector, its management is highly competent as demonstrated by how they have navigated through both benign and difficult macro conditions, and it has discovered some exciting growth opportunities, particularly in personal lending. On top of all that, thanks to the improved performance, the stock remains quite cheap on conventional valuation metrics, trading at a PE ratio of just 11x. What else can I say, except that I'm a happy holder.
mathewawood: Bizarrely after 2 good upgrades (3rd Nov and 8th Jan) EPS estimates for 2017 gone from 22.5p to 31p+. The share price remains at 340p as it was on the 1st Nov. Definitely a big seller out there.
aleman: Zopa's default rates for 2016 and 2017 are now running higher than the 2008 peak. (Why is the stockmarket so late reacting to recessionary trends in credit this time?) This will be sharply pushing up (UK) interest rates for new loans in the market, especially amongst subprime. The rising defaults will tend to act as a drag on profit on the way up but will tend to lead to bumper profits once the recessionary cycle is worked through and defaults fall back before market rates fall again. (Now go check HAT's share price from 160p in 2009 to 390p in 2011.) Https://www.zopa.com/lending/risk-data Lending Club's graphs of rates charged show the top 3 grades broadly flat over the last decade but D to G have risen markedly in the last 3 years after a few years stable. The histogram of mix also shows D to G dropped from 30% to 20% of loans as higher rates saw lending dry up for those with poorer credit ratings. It is this tightening of credit markets that has been slowing economies. Defaults and interest rates started creeping up in grades B and C since Q1 2016. This is ominous for the (US) economy, given that they make up 65% of originations. If you look at Lending Club's Q1 2016 issuance for F/G subprime, they are running at a -3.4% return on loans issued at 25% due to exploding defaults. Q2 was -1.3% on loans issued at 26%. Q3 was -0.3% on 27%. Have they now got on top of the trend? Q4 2016 was running at a 6% return on 29% and Q1 2017 at 13% return on 30%. Q2 2017 is running at an estimated 15% return on 30% interest charged. Https://www.lendingclub.com/info/demand-and-credit-profile.action Now these more recent tranches could still sour a lot more more if the (US) economy tanks, which is looking increasingly likely, but they show how defaults go up, rates rise and lenders can become very profitable once they get on top of it. Lenders lending for shorter periods tend to get on top more quickly. Lenders lending for long periods can strain balance sheets and get into lots of trouble before things get better. Historic experience is that pawnbrokers see more business for shorter loans and become very profitable more quickly than other lenders but it will vary from company to company, depending on tactics. Some directors get it wrong and defaults sink the company. HAT should have the experience to thrive in this environment as they did last time. We already saw profit rise in personal loans in the results despite the higher impairments. Their interest rates should be adjusting upwards and they should be using this recent experience to be more selective about the greater number of subprime customers coming through the door after being rejected by banks and credit card companies. It is an opportunity if they are careful. Let's hope they take it
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200602 22:32:01