H&t Share Discussion Threads

[interceptor2] 14/5/2018 11:20

Three large sell transaction recently gone through at 315p after which there was a small tick up. Might of been an overhang here?

[cfro] 10/5/2018 13:30

Well i dont suppose the 20k additional shares placed on the market for options is helping the share price today.

Could be a lack of any trading update at the AGM not helping too. Even so the value here is more the obvious now with the forward per of nine or less. Arguably better value than its sector peer RFX....

[cfro] 09/5/2018 07:42

Couple of nice Non-exec appointments. Neither currently own any shares, so maybe they will want to buy some now?

[cfro] 04/5/2018 18:02

The CEO comes across extremely well in the video, He seems likeable, humble, conservative, intelligent and very down to earth. Just what i like to see in CEO's of companies i hold.

Love the bit at the end when asked what would constitute a "good year" for this year. He humbly replied "an improvement on last year".

[aleman] 04/5/2018 16:27

The ex-dividend date was yesterday. Do not confuse stockmarket ex-dividend dates with the company's record date. Ex-dividends are normally Thursdays and record dates usually Fridays. The shares lost the 6p dividend before the start of trading yesterday so you had to buy Wednesday to get it.

[cfro] 04/5/2018 16:24

Here is a few weeks old video interview i found on their website. Hadnt seen it myself so apologies if this has been posted before.

[cfro] 04/5/2018 16:14

Just checked and it is today 4th May ex-div, so that explains the share price movement.

[keyno] 04/5/2018 16:02

I was trying to be helpful martintb and thought I had the answer to your query but was in a rush to go out and realise now that what I posted was a month old! Apols. Have deleted it.

[cfro] 04/5/2018 15:29

I had forgotten about the ex-div date. Most likely the reason why the share price has been down last couple of days.

6.2p is pretty handy!

[martinthebrave] 04/5/2018 14:13

Keyno 6.2p yesterday according to Stockopedia.

[keyno] 04/5/2018 13:54

I thought we went ex-div yesterday.

[martinthebrave] 04/5/2018 13:35

Tweeted HAT about AGM. Response is here:

"The information is under the Investor Relations tab - Reports - Results and there you will see the 2018 AGM which did go ahead yesterday. Kind regards"

Can see the RNS giving 3rd May date but nothing about what took place or am I being a bit dim today?

[podgyted] 04/5/2018 10:29

Thought the AGM was this week - haven't seen a RNS tho.

[cfro] 04/5/2018 10:06

Bit of volatility today. RFX going in the other direction however..

[topvest] 15/4/2018 18:36

Yes, personally I take it as a positive that they are being sensible on high street stores.

[aleman] 15/4/2018 12:09

The business is only really seeing more customers recently. Before that, it probably benefitted more from a higher gold price rather than more customers. Even now some customer growth is online rather than footfall. People can buy jewellery and watches online as click and collect (less in-store browsing, wider choice. and probably some home delivery) while loans to established customers can be processed online and maybe some forex. The mix of the business is changing. Some shop business will be shrinking and some growing, and I would not hazard to guess the net balance, but I suspect most of the top line expansion is coming from increasing online activity, which might not need more shops to support it, depending on national coverage.

[topvest] 14/4/2018 18:04

Interesting. I agree that recession is fairly close. Think H&T are a nice company though and happy to hold. It’s interesting that despite good results they haven’t opened a new store for 2 years. Anyone any views on why?

[aleman] 12/4/2018 10:11

Availability of unsecured credit fell at a faster rate than any point in the last recession in Q1 2018. It was the 5th consecutive quarter that unsecured credit availability fell. To make matters worse, demand for secured credit fell sharply. Default rates on unsecured credit have risen 4 consecutive quarters and actually been on a rising trend since Q1 2016. Defaults on small business loans fell strongly. Medium business defaults rose. Large business defaults rose strongly.



This credit report is very typical of what one might see at the start of a recession. Credit markets were already tightening moderately for a year. In Q1, they tightened sharply, though the outlook for Q2 suggest less again.

[thorpematt] 10/4/2018 08:12

Yes that augers well. "trading has remained strong" is probably a sensible read across for HAT.

[aleman] 10/4/2018 08:08

Ramsdens update indicates full year slightly ahead of expectations.

[aleman] 16/3/2018 14:17

I gather investors Chronicle have a issued a BUY recommendation at 358p.

[cfro] 15/3/2018 09:05

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.

[ntv] 15/3/2018 07:59

presume this is a one off charge

[ntv] 15/3/2018 07:58

new accounting rules reduce it by £6.3m