H&t Share Discussion Threads

[spob] 07/12/2022 22:32

For a good company

the best holding period is forever

sadly all of my good companies get taken over far too soon


this is why Warren Buffett prefers to buy companies outright

[thorpematt] 06/12/2022 22:08

lolly,
Well done on your profits, Ben Graham used to sell half his stock once it had doubled in price, the remainder of course being a free carry on the upside. Although I believe a later analysis did reveal he may have done better to hold longer, in the end of course he probably allocated that profit elsewhere to good use AND of course weighting and portfolio management is important. As is sleeping well at night.

I have had these a while now also...I would have to check on my buy price, but also the total return has been very good especially in theis market.

I looked at selling some recently but held off when I looked at forward forecasts.

Adj PBT (£m)
2023F 32.6
2024F 39.2

Adj EPS (p)
58
69.5

Because the payout ratio policy is set at 40% we also have transparency on likely divis
23p
28p

All of which I think is very good value.

[lord loads of lolly] 04/12/2022 23:03

spob - it fell back a bit the day after, but who knows what’ll happen longer term. I sold a small part of my holding at just under 503p, as I’d bought in below 250p and you just never know when HAT’s currently positive mood music might change. I still think its short term prospects & yield are attractive though, so will buy back in if the price drops to around 450p.

[spob] 03/12/2022 18:20

new all time high 505p

[lord loads of lolly] 14/11/2022 12:11

Ramsdens sector breakdown as of Oct 22 trading update: Foreign Currency gross profit £12.6m. Jewellery retail segment revenue £26.2m. Pawnbroking loan book £8.6m. Precious metal buying volume £16.0m.

[podgyted] 13/11/2022 22:29

What is driving HAT is its actually, in essence, a pawn broker - recent placing to finance the massive expansion going on in this area of its business.

RFX is minuscule in comparison in this area and has always been a play on F/X for holidays rather than its pawnbroking book.

But each to their own.

[lord loads of lolly] 05/11/2022 18:06

bookbroker - not sure I agree with you there. H&T has a better yield, way more scale & a better share performance over the past 5 years than RFX. Both have exposure to the North & gold prices. That said, both also likely to benefit from the inevitable economic downturn.

[bookbroker] 05/11/2022 12:23

Ramsdens way better value with current ratios, different beasts but RFX likely to benefit from the deprived northern pockets, and their investments in gold should start to bear fruit soon.

[outsizeclothes.com] 05/11/2022 01:28

Octopus like us !
That's an extra 2% they've added.

[lord loads of lolly] 03/11/2022 16:52

I agree. Sadly (for those most heavily impacted), a deteriorating UK economy is actually likely to help H&T. But personally I'd be wary of buying in at these levels, as I suspect a lot of the good news is priced in. H&T's share price has already risen from around 257p to 440p within the past year. For full transparency, I'm a holder, having bought in at prices between just under £2 and just over £3. I could see this possibly hitting £5 some time within the next year. But whether that's a sufficient risk:reward premium - even factoring in the dividends - is debatable IMHO.

[outsizeclothes.com] 03/11/2022 14:03

An, for anyone who complained that they missed the fundraising at 425, Mr Market handed you that this morning if you wanted a second bite.

[outsizeclothes.com] 03/11/2022 13:59

The BoE surely handed us more customers today, and every rate rise is bound to hand us more.

[ymaheru] 30/9/2022 11:56

Yeah, I received an email at 5pm, saw it at 6:20 and offering closed at 6:30pm. I bet institutional investors had far more notice.

The small discount is fine. A company doing well shouldn’t devalue itself by offering more than it needs to.

[keyno] 30/9/2022 10:50

"The Company values its retail investor base and is therefore pleased to provide private and other investors the opportunity to participate in the Retail Offer ......."

It doesn't value us much, though does it giving us so little time to participate?

Not much of a discount either.

[wad collector] 30/9/2022 08:17

Blink and you missed it then...

[cwa1] 30/9/2022 07:41

That seems to have gone through without a hitch...



H&T Group plc (AIM: HAT), the UK's largest pawnbroker and a leading retailer of high quality new and pre-owned jewellery and watches, is pleased to announce that it has successfully raised gross proceeds of £16.9 million pursuant to the Placing and Retail Offer.



A total of 3,925,050 new Ordinary Shares (the "Placing Shares") have been placed with institutional investors at a price of 425 pence per Placing Share (the "Placing Price").



In addition, retail investors have subscribed for a total of 61,357 new Ordinary Shares (the "Retail Shares") at the Placing Price.

[thorpematt] 29/9/2022 18:27

Can I use my ISA or SIPP?

Yes, but only if you apply to an offer through your broker. Unfortunately, due to HMRC rules, if you apply to an offer through our app, you will not be able to receive your shares or bonds directly into your ISA or SIPP account.

If your broker is already working with PrimaryBid, you can apply for shares or bonds directly through your broker. Ask your broker to place your application to the offer from your ISA or SIPP account. Please contact your broker for more details. If your broker doesn’t work with us yet, ask them to join PrimaryBid!

An alternative is to buy the shares or bonds from us with a debit card and transfer them to a General Investment Account for the same broker where you hold your ISA or SIPP. You can then do a "Bed & ISA", a process where you sell the shares or bonds from your investment account and then immediately buy them back with ISA or SIPP funds. You would need to take advice as to whether any tax liability arises on the disposal and to confirm whether any costs would be incurred from your broker for dealing. You will need to contact your broker in regards to this.

[ymaheru] 29/9/2022 18:26

I've had an offer from my SIPP to buy, so I was considering doing so, though I've seen I have to make an offer by 6:30pm, which is in 3 minutes. Too much of a rush for me.

[outsizeclothes.com] 29/9/2022 17:26

Will shareholders who hold HAT in ISAs or SIPPs completely miss out if the offer's only open through Primary Bid ?

[ymaheru] 29/9/2022 17:23

Sensible time for placing, with share price high.

Sensible price, 425p, not too big a discount.

Sensible use of funds, to satisfy high borrowing demand and ti expand shop estate (by 20 more, which I think is about 8% more shops).

All very bullish.

[shallwe] 29/9/2022 17:14

A 3% discount hardly seems worth it.

[cwa1] 29/9/2022 16:50

29 September 2022

H&T Group PLC ("H&T" or the "Group")

Proposed Capital Raise of up to £16.9m

Retail offer via PrimaryBid

H&T Group PLC, the UK's largest pawnbroker and a leading retailer of high quality new and pre-owned jewellery and watches, is pleased to announce its intention to raise gross proceeds of up to £16.9 million by means of a placing of new ordinary shares of 5p each ("Ordinary Shares") with institutional investors (the "Placing") and an offer of new Ordinary Shares to retail investors via the PrimaryBid platform (the "Retail Offer") (together the "Capital Raise"). The Capital Raise is to fund further growth in its pledge book and an expansion of the store estate given encouraging market conditions.

[wad collector] 27/9/2022 23:50

And don't sell anything just before you die.

I subscribe to IC and I know some people view it as simplistic and behind any curve, I think it does give some views from a distance and some strategic and tax advice, saved me the subscription I think.

[lord loads of lolly] 13/9/2022 12:32

Yes, when it comes to investing in individual shares, I'd say follow your instincts rather than subscribing to any third party "guru". And if you end up getting it wrong more often than not, consider investment trusts with different geographical & sector focuses and a consistent track record of outperformance. That way you at least spread the risk. Also, ensure your investments match your timeframe for exiting/realising any profits. In other words, don't invest in a highly speculative fund just before you plan to retire.