H&t Share Discussion Threads

[spob] 02/8/2019 18:05

This is the pound sterling priced gold etf over the last year

Basically shows the movement in the actual UK gold price

[thorpematt] 22/7/2019 20:05

Yes, not the news any one wanted to hear. I surmise this relates to the announcement last February (14th): -




I have no connection to Mr Fenerty (other than intermittently owning stock in HAT over the years), but here's a link I found on the HAT website which may be of interest to some of you:-




...which in turn links here:-

[cwa1] 22/7/2019 13:36

H&T Group plc

Stephen Fenerty

"It is with great sadness that the board of H&T announces the death of Stephen Fenerty, finance director for H&T Group for more than five years. Steve was commercial director, before that having served the company with great loyalty for nearly 15 years. Steve possessed extraordinary intellect and insights which were both a joy and contributed hugely to H&T, our employees, customers, shareholders and board.

"Our thoughts are with his family at this untimely loss."

[thorpematt] 02/7/2019 21:18

Numis has raised target here by 25% in lieu of what it reckons is a nice fit acquisition.

(Hence no bargain shares for me I guess).

[cwa1] 02/7/2019 07:30

Decent:-

Result of Placing

H&T Group plc ("H&T" or the "Company"), the UK's leading pawnbroker, is pleased to announce the successful completion of the placing announced on 1 July 2019 (the "Placing").

A total of 1,882,925 new ordinary shares in the Company of 5p each (the "Placing Shares") have been placed by Numis Securities Limited ("Numis") at a price of 316p per Placing Shares (the "Placing Price"), raising proceeds of GBP6.0m (before expenses).

The Placing Shares issued represent approximately 5.0% of the issued ordinary share capital of the Company prior to the Placing. The Placing Price represents a discount of 0.0% to the closing price of 316p on 1 July 2019.

In relation to the above, an application has been made to the London Stock Exchange for the Placing Shares, which will, when issued, be credited as fully paid and rank pari passu with the existing ordinary shares, to be admitted to trading on AIM on or around 4 July 2019.

In accordance with the FCA's Disclosure Guidance and Transparency Rules, following this issue, the Company's issued share capital will consist of 39,710,426 ordinary shares. The Company does not hold any ordinary shares in treasury.

The figure of 39,710,426 ordinary shares should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

[typo56] 01/7/2019 20:09

No pre-emption rights for existing holders, which is a bit poor, but it will probably only add 5%-6% to the shares in issue.

[thorpematt] 01/7/2019 18:55

A Couple of million new shares coming down the pipe. I would hope for an opportunity for some cheap stock.

I note that HAT will acquire 64 new leases onto the books. Of course the new IAS16 will mean that there will be an effect on the balance sheet to the tune of £22k (the average lease value) x 64 stores, minus any short-term leases minus any drops via renegottiation. Personallly the new standard is not of much use to me in valueing a business but I know many analysts like it.

In terms of growth I suppose it augers rather well. RFX did a similar much smaller set of deals earlier in the year but this is more significant and a good fit I think. HAT as not diluted in the past really. Price looks a bit of a bargain looking at ratio of PBT for last year and considering efficiency ought to get significantly better with HATs operational improvement.

[cwa1] 01/7/2019 17:33

Will be interesting to see how the placing goes. From the announcement:-

Robust current trading

Trading results YTD are in-line with the Board's expectations as demand for small, simple, short term loans remains strong, across both secured and unsecured products.

The Company has developed and continue to improve its platform for growth, which it is leveraging to become the leading provider of alternative credit services to a growing customer base.

Also:-

The Acquisition is expected to be earnings-enhancing
in the first full year of ownership, comfortably exceeding
the return of capital hurdle rate in the first full-year,
and the continued strong cash generation of the enlarged
group delivers rapid deleveraging

[ntv] 01/7/2019 17:09

bought some stores tonight and a placing
I so nearly bought the other day, got it right for once

[rndm355] 25/6/2019 18:47

H&T and Ramsdens discussed at 1:40 of this discussion.

[daijavu] 25/6/2019 09:55

The market is down today because of US sanctions on Iran.

[blackfinance] 25/6/2019 09:28

Lol - and just as quickly back down!

[standish11] 24/6/2019 18:50

Tipped by Simon Thompson in the Investors Chronicle today.

[snowydays] 24/6/2019 17:01

Probably on hopes they will pick up business after a major competitor shuts down.

[blackfinance] 24/6/2019 12:46

Nice jump....but why ????

[muzmanoz] 17/4/2019 18:06

Yes, update today says NT sold saying it seemed at the top of its range.

[petes5] 17/4/2019 15:23

Any idea why the fall today?

[discodave4] 05/4/2019 20:50

Think it's 2nd May 6.6p

[thaiger] 05/4/2019 17:04

When will it go xd?

[smithie6] 25/3/2019 14:54

£7.4k invested at 315p by someone

sp up trend continues in place