H&t Share Discussion Threads

[the cronk] 18/11/2023 00:51

I Agree, money is tight and I expect it to get tighter, so that should translate into more business for HAT.

[ntv] 17/11/2023 21:56

Still expanding

[lord loads of lolly] 07/11/2023 19:40

Gold may have a small influence on HAT’s share price. But it is only small.

HAT’s price has been very volatile of late, rising over 20% since September, before falling back around 7% from its recent peak. Gold’s price movement over that same period has been relatively pedestrian in comparison.

[ntv] 29/10/2023 09:07

recent surge in the gold price to an all time sterling high will be helping the profit margin

[lord loads of lolly] 27/10/2023 15:15

When H&T rose to around 450p shortly before mid October, I said I couldn't see any specific reason behind this sudden rise & assumed the share price was simply playing catch up.

Given the short to medium term prospects, I'd always felt it was undervalued when it sank below 400p in Sept and I added then at around 396p.

Well, the catch up continues - with H&T rising another 20p today at the time of writing.

Again, there doesn't seem to be any specific news triggering this movement. And it's uncharacteristic for H&T to be this volatile. I very much doubt there's any prospect of a takeover. But I guess a fund could be doing some stake building. Simply because it likes the company's prospects, yield & contra-cyclical nature. Time will tell.

Either way I'm not complaining. It's one of relatively few shares that's risen significantly over the past 2-3 months, despite general falls in UK & global markets. A progressive dividend policy with a forward yield of between 4% & 5% doesn't harm either.

[lord loads of lolly] 12/10/2023 16:20

wad collector - Sure is! Can't spot any specific reason behind it. Reported LSE trading volume today was just under 54,000, which is fairly trivial. And there didn't seem to be any larger than normal trades within that.

Unless some H&T-specific news subsequently emerges, I suspect this is just a case of the share price playing catch up. H&T's prospects were largely being ignored by investors between early Aug & early Oct, with the price remaining tightly rangebound. I couldn't understand why, given the company's last (bullish) TU. So I added just before September's ex div date, when one of my limit orders was triggered as the price briefly dipped to 396p.

Over the last week, there suddenly seems to have been a sea change in sentiment. I doubt this will continue in a straight line up to 500p+. But it wouldn't surprise me at all if we got there by the time/soon after next January's TU is released. Barring a black swan event, H&T is set for a record-breaking full year. In which case, the dividend is also likely to get a significant further boost, given their progressive policy.

[wad collector] 12/10/2023 14:13

That's a promising looking rise today ; are we going to see a fiver again soon?

[lord loads of lolly] 10/10/2023 08:52

An interesting BBC article on pawnbroking this morning, highlighting a surge in new loans: www.bbc.co.uk/news/business-66993004

It also mentions the FCA's attempts to police the industry more effectively. I found it a balanced article, referring to certain charities' more critical stance towards pawnbroking & their high interest rates.

Tellingly though, customer comments are universally positive, describing pawnbrokers as a "lifeline" & a "godsend". Which is unsurprising if loan sharks are the only real alternative. This also bears out H&T's very high Trustpilot rating, with 92% being 5 stars (from over 6400 reviews).

[lord loads of lolly] 21/9/2023 13:24

Asagi - I agree - it doesn't make any sense! Nor has it for some time. The share price is often shown as rising or falling significantly day to day. When in reality, all that's happened is that the spread's narrowed or widened.

Today offers a particularly bizarre example on LSE, where the (mid) share price is shown as 428p, yet the Bid is 413p & the Ask is only 424p. Go figure!

I take no notice now and just monitor the slightly longer term trends. Fortunately, that's currently moving in the right direction for me, as I added again recently at just under 396p, getting in the day before it went ex div.

H&T is now my largest holding. At the current price, it's likely to yield around 5% going forward. And I can't see anything to prevent the next 12 months being record-breaking for this company, both in terms of sales & profit.

I'd be very surprised if, within the next 12 months, the share price didn't re-visit its previous peak of >£5 at some stage.

[asagi] 21/9/2023 12:54

I can never square the price on here with what shows on the London Stock Exchange website. I thought that advfn charts showed the mid price.

Our chart says 428p mid price since 12:00 but Stock Exchange website says that the bid:offer is 413p:424p. A trade at 428p was reported to the LSE at 12:04, the same time that the displayed price on advfn rose to 428p.

Baffled.

Asagi (long HAT)

[lord loads of lolly] 07/9/2023 19:38

There’s always one.

[jaknife] 07/9/2023 16:40

I'd happily recommend Stockopedia

[jaknife] 07/9/2023 16:40

I'd happily recommend Stockopedia

[lord loads of lolly] 07/9/2023 16:28

Quite. Pointless paying for basic financial stats like that.

[cwa1] 07/9/2023 16:01

...or get it from the source(RNSs/Company announcements)?

[spob] 07/9/2023 14:58

.
Never Ever rely on any financial data found on ADVFN

Their data has always been total garbage since day 1


Subscribe to something like Sharelockholmes.com

[lord loads of lolly] 07/9/2023 11:53

Every platform seems to say different things. Take Hargreaves Lansdown or the FT for example.

As well as overstating the P/E (at least on a forward basis), most also seem to show a late 3% to early 4% yield which is highly misleading. I reckon dividends paid this Oct & next June should total at least 20p. Which at today's share price equates to a yield of around 5%.

Only thing for it in my opinion is to do your own research & react accordingly. I recently added to my holding when the price briefly slipped below 396p a couple of weeks ago. Thought that a good opportunity, especially as it locked in the latest 6.5p dividend. Share went ex dividend today.

[saint or sinner?] 07/9/2023 07:15

Is advfn's very basic fundamentals data in thread headers kept accurate and up to date?

Comparing the company information above with that available on AJ Bell we get a huge difference which is clearly highly misleading to potential investors:

Here are AJ Bells financials for H&T at end 2022:

Normalized EPS: 37.15
PE Ratio: 11.03
Turnover: 174
Profit (net): 15

advfn's figures are misleading and useless.

[lord loads of lolly] 31/8/2023 10:16

Latest update below.

Whilst I generally don't pay much attention to IC/ST, I do actually think they've got it right on this occasion.

[lord loads of lolly] 30/8/2023 13:30

Odd how the share price has dropped since the beginning of the year, whilst HAT’s prospects have - if anything - improved even further. Its progressive dividend policy means this now yields around 5%. H2 is traditionally stronger than H1 and the company has consistently issued positive outlook statements this year. Also, strong Director buying since Sept 22 (CEO c. £277k, Chair >£66k at prices between 425p & 444p). And a very undemanding P/E ratio, given the company's short to medium term prospects.

I added recently at a fraction over 395p. The 6.5p ex dividend date is 7 Sept, so I decided to lock that in. I really can’t imagine this dropping below 350p (short of a major general market crash) and can quite see it moving beyond 550p post FY results. Next trading update is in January ‘24, which should generate record results (though this may already be partly priced in, as it’s already widely predicted). Still, I expect a strong upward re-rate within the next 12 months and will be happy to add even further if the share price continues to drift.

[ntv] 18/8/2023 08:24

We know from the company's comments that demand is very high for their services

[thorpematt] 15/8/2023 17:53

Tomps2,
Thanks for posting the links.

FYI if you change one of the t's in the h t t p s to a T the links work on ADVFN