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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
H&t Group Plc | LSE:HAT | London | Ordinary Share | GB00B12RQD06 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
4.00 | 0.99% | 410.00 | 391.00 | 409.00 | 410.00 | 410.00 | 410.00 | 16,882 | 16:35:02 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Finance Services | 220.78M | 21.08M | 0.4793 | 8.55 | 180.35M |
Date | Subject | Author | Discuss |
---|---|---|---|
06/11/2020 15:00 | #HAT Paul Scott comments on Stocko today - "Worthless intangibles (mainly goodwill) total £22.6m bringing NAV of £134m down to NTAV of £111.4m or 279p per share - which is above the current share price of 234p. It’s unusual to see a profitable company trading below NTAV."Thumbs up | martinthebrave | |
05/11/2020 13:59 | Yes, pawnbroking growth and money lending growth will reduce cash position, I know. Also, yes all the extra government money is reducing demand, but I’m factoring that in. Last H2, they earned 30p and had all the new shops for about 4.5months of that, so with 6 months of 253 stores and reduced demand, I’m expecting 15p. They managed 10.2p in H1 when shops shut for almost 2 months, and there’s no xmas presents to buy in H1. I’m glad they put out an update. Some lesser companies don’t bother! | ymaheru | |
05/11/2020 13:39 | Big net cash position will unwind, when pawnbroking returns to growth.Unfortunately a smaller pledge book means less revenue/profit in the months ahead.The key is with so much furlough money, self employed support, SME support flowing around, there had been less demand for desperate pawnbroking borrowing.Very sneaky to issue a TU at 11am. And also to bury the "ahead of market expectations" deep at the bottom of the update! | boonkoh | |
05/11/2020 12:49 | This was priced as if the business was falling apart, now that we have confirmation that it isn't, I see no reason why we couldn't head back to 300p in fairly short order.300p is below the value of the tangible assets, not even the total assets. Confident holding here, as said below, looking great value on all metrics, and has also been a decent dividend payer as well in the past. | jamessmith23 | |
05/11/2020 12:29 | Good to get the confirmation that the business is performing well, we might be some more director buys today, as others have said book value around £3.30, even if H2 was in line with H1 we would have 21p eps this year and then cash adjust that and this is still on single digit 2020 earnings. | rimau1 | |
05/11/2020 12:25 | Thanks mighunter. Looks very nice. £30m cash generated in 4 months (had just cleared all debts at end of last half). Puts them on course for £45m bank balance by end of half, even if no Christmas boost. For a company worth just under £80m last night, that’s definitely good! “Trading robust.” I can see they say less customer demand, too. Still, they look well placed for any downturn. Even now, market values at £92m, so business being valued at £62m after cash. I can see profits of £10m for the full year and net assets are £134m, so it seems cheap every way you look at it. | ymaheru | |
05/11/2020 11:50 | On the H&T IR website it's under the Regulatory News Service section, or under the HAT news/RNS section of ADVFN | mighunter | |
05/11/2020 11:45 | Good work Stevieweebie. Can anyone point me to the update, please? I can’t see it on their trading updates webpage. Thanks | ymaheru | |
05/11/2020 11:27 | They are far too cheap, doesn't mean they will definitely go up but.......... | spooky | |
05/11/2020 11:27 | yes I have to say after being 4K underwater and staring into a relentless downward spiral, unusually for me I mailed John Nichols last Friday to ask if he would consider releasing a business update. Im not saying he did it for me,it may have been scheduled but its nice to see all the same. | stevieweebie2 | |
05/11/2020 11:19 | Trading above market expectations | mrbeaky | |
05/11/2020 11:02 | Update out | tole | |
03/11/2020 21:49 | Footfall will affect trading, but I’m sure they’ll react if it’s not worth staying open. However, they’ve had 4 open months just now and may have zero closed months, so should be better than the last half year. Furlough and mortgage holidays will support a lot of jobs, and that gives people money without turning to lenders, so I no boost there. I expect better profit than the first half of the year, but down from last year, 15p+ hopefully. 26p for year. | ymaheru | |
03/11/2020 21:13 | I completely agree re: long term prospects, recently adding via a 195p limit order. But short term, if stores remain open whilst footfall plummets during lockdown, surely that’s unlikely to be very profitable. | lord loads of lolly | |
02/11/2020 22:19 | H&T closed ALL 253 stores last time and only reopened fully by May 31st: hxxps://handt.co.uk/ Therefore, this time is FAR better than last lockdown, with zero closures yet. They also developed their online capabilities, so I expect a bit more from that stream. There are no payment holidays this time for customers and they have benefits of gold still rising (makes 20-30% gold margins into 30-40%). So, I see a lot of upside. I calculate liquid and almost liquid assets near to 330p/share in June 2020, so I’ve added more shares. Pawnbrokers benefit from economic downturns and it seems like we are entering such a period now. | ymaheru | |
02/11/2020 13:42 | Just topped up with a few more .. | prettygreen | |
02/11/2020 13:10 | Front and centre on their homepagehTTps://hand | mighunter | |
02/11/2020 12:56 | I assumed they would be as believe they were last time, do you have a link? | jamessmith23 | |
02/11/2020 11:16 | All H&T stores are remaining open, been classed as Essential. | boonkoh | |
02/11/2020 08:48 | Looks like MMs have been fishing for stops this morning! | mighunter | |
29/10/2020 16:03 | Momentum is very poor at the momentum and short term outlook is pretty terrible, especially with a second lockdown almost inevitable.Could see this testing £2 if there is an official announcement, and would like pick some up there. Long term prospects are good, but short term this isn't looking good. RFX is the same, another good business but not looking so good right now. | jamessmith23 | |
29/10/2020 12:11 | The bear case here is a second lockdown if the regional model doesn’t work. I am back on the sidelines for now. Long term prospects remain excellent. | rimau1 | |
23/10/2020 15:37 | I was wrong that £100m was the floor, tradi Ng at a substantial discount to book value i guess the fall yday was related to covid restrictions, i bought some more sub £2.30 and will continue to buy as low as they go. | rimau1 |
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