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 Shares Traded Last Trade
  -1.00 -0.38% 262.00 11,706 14:14:25
Bid Price Offer Price High Price Low Price Open Price
262.00 269.00 264.00 261.00 261.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 129.12 15.63 32.11 8.2 104
Last Trade Time Trade Type Trade Size Trade Price Currency
15:48:58 O 303 263.00 GBX

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Date Time Title Posts
19/11/202112:56Harvey and Thompson Pawnbrokers1,079
21/4/202009:31*** Harvey and Thompson ***41
16/4/201215:55Trading Story21
24/5/201006:39H&T - Growth in recession and credit crisis times173
17/1/201013:15H&T with Charts & News13

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H&t Daily Update: H&t Group Plc is listed in the General Financial sector of the London Stock Exchange with ticker HAT. The last closing price for H&t was 263p.
H&t Group Plc has a 4 week average price of 257p and a 12 week average price of 257p.
The 1 year high share price is 325p while the 1 year low share price is currently 235p.
There are currently 39,864,077 shares in issue and the average daily traded volume is 22,357 shares. The market capitalisation of H&t Group Plc is £104,443,881.74.
thorpematt: I have posted the 21 day MA here too(we're a little bit above that I'd say). The 21day MA is quite important since it shows a keen correlation with HATs price action. Also (in case you didn't already know) there are on average 21 trading days in each calendar month (which makes it quite popular with traders) Looking at resistance levels, there are a few targets on the way back up (to where this should be). free stock charts from uk.advfn.com '>
lord loads of lolly: They're not a given unless/until they're announced by the FCA. The general consensus seems to be that any fine (if applied) would be manageable. And it would certainly be a one-off, as H&T has since discontinued these high-cost short-term credit loans. I think we can only put today's share price rise down to the latest brief trading update: "current trading ...has shown good momentum since the relaxation of pandemic trading restrictions during April."
ymaheru: Credit tightening: “Experian shares struck a six month high after the consumer credit company raised its annual outlook and said more people were applying for loans and credit cards.” I’d guess HAT will be doing the same either very soon or shortly after. I’m still not convinced that dropping the short term loans is going to affect profits, as HAT had so many bad loans. The above makes me think rosier days lie just round the corner.
riverman77: Very ill informed - he was never CEO of Provident, he was appointed the MD of the consumer division. Peter Crook was CEO at Provident at the time of the fiasco and the main one responsible for mess there IMV. The big fall in the PFG share price between the dates you show was driven by a large rights issue in 2018 and of course the Covid sell off last year - you can hardly pin the blane on Gillespie for that, and to repeat he was not even running the company! Also check your figures for the PFG share price between 2007 and 2013 - the share price more than doubled during that period and continued to rise strongly for a couple of years after he left (he had clearly left the business in a good position before things fell apart under someone else's watch) . If you include dividends, the returns over this period were phenomenal.
riverman77: He was briefly at Amigo in 2015 so wouldn't hold him responsible for what happened there (the business model was fundamentally flawed apart from anything else). He was brought back to Provident in 2017 to try to sort out the mess in the home credit division - again I don't think the fiasco there can be blamed on him. From what I gather Provident was very successful when he previously there, which is why he was brought back. The FCA investigation does seem to be dragging on, although it concerns only a very small part of the business so can't imagine any penalty could be too severe. My view is this is more than priced in - HAT trading at 6x pre Covid earnings and less than book value. Wouldn't short this but admit it may take a while to recover - with the lending book having shrunk profits are going to take a while to bounce back.
arthur_lame_stocks: ymaheru I think you're onto the reason there. The pledge book has fallen a long way and although that means they generated a heck of a lot of cash last time I presume it also means that profits will be depressed in the short term, coupled with the uncertainty caused by the FCA investigation has caused the price to fall to this low level imo. I think this is a buying opportunity though and have taken some today and will hold until they recover. The balance sheet is rock solid and they are trading at around the level of net current assets so a real bargain at these prices imo.
lord loads of lolly: Yup, good points. I guess we'll see who's nearer the mark in terms of over all share price impact when the FCA finally announces the outcome of its investigation. Bizarrely, today's uncharacteristically strong share price increase seems to have been triggered by HAT's Director of Human Resources, Frances Marlow. She's just shelled out a grand total of .... drum roll......£4,978.31. Steady now Frances - remember, only invest what you can afford to lose and all that!
ymaheru: I think HAT is being held back by Covid. Mainly, government payouts have reduced the people needing lending. Consumer credit borrowing dropped 7.5% last year. That could hit HAT quite hard as pawn is often lender of last choice, so lending could be down even further than that. Secondly, lockdowns are reducing the footfall near shops. Again, bad for HAT. The gold price doesn’t help, of course. And the FCA decision must have some small effect.
lord loads of lolly: Repeated delay in FCA outcome is main reason for drift IMHO. But I'm not expecting any nasty surprises, as a potential fine is already largely priced in & they've moved out of the sector in question. Once this uncertainty is out the way, I think we could see a small re-rate. I still anticipate share price being closer to £4 than £3 within next 12 months, though this is only my best estimate.
thorpematt: OK so its important to compare current aasses and current liabilites or total asset and total liabilities Definition: - NAV PS Net Assets Value per share ratio, is defined as Shareholders' funds attributable to equity interests divided by the number of shares in issue. Net assets is the total assets less the total liabilities i.e. the total shareholders funds plus preferences and minority interests. Figure is expressed in pence (currency being GBP) and the formula is the following: = (total equity / shares in issue) * 100 So you would have to use TOTAL assets not current assets of you wish to deduct TOTAL liabilities. This is particularly important with the new IFRS16 accounting standard (which counts long term leases as debt and the property value as assets). With this standard long term debt is increased so as to include all future rents (bar those due within 1 year).* Long term debt at interims equates for £17m and the long term leases £16. If you count those you would have to consider that the TOTAL assets figure should be applied £161m, or at very least you should add the property assets back in £26m. Now, one additional thing to note is that loan books create debt on the balance sheet in the same way that mortgage lenders always look highly indebted. I hope this is help. Ultimatly of course we all have to be comfortable with our investments. Should we be fortunate enough to see a retrace in price here then the additional margin of safety on any purchases will be welcome. For the record I added a few on Friday since a) I thought that the value offered here is not that easy to find elsewhere b) I think that this lockdown will essentially be the low point c) The chart appears to be an inverse head and shoulders which is often a very good time to buy. -------------------------------- *A quick note here is that SCS is a good exanple of a company with a lot of long term "debt" based on its lease obligations. Unlike the high street stores I believe its out of town leases are an asset. IMO future rents are neither an asset or a liability: Because a long term rental agreement for a prime site is a great thing, whereas a long term lease for a soon to be obselete site is not. In SCS's case the future rents (listed as debt) make the stock look heavily indebted when in reality it has a tasty cash pile and very healthy cashflow (which can readily pay rents, dividends and anythong else for that matter). In HAT's case the high street stores are prety modest. High street stores are needed and of course the rents aren't genereally prime for pawnbroker shops as they don't reside in prime locations.
H&t share price data is direct from the London Stock Exchange
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