H&t Share Discussion Threads

[eagle eye] 17/6/2011 08:11

Yet another trading statement that under promises and over delivers.

[kimball808] 17/6/2011 07:07

Tis a sweet sounding update...:-) at the mercy of Macro events to determine share price movement today...

[kimball808] 01/6/2011 09:34

Fair comments...As at June 2010 HAT were very much ahead of their full year forecasts. Lets hope it is likewise this year...

[scotches] 01/6/2011 09:07

I had also been wondering if the forecast big drop in EPS was now accurate. The assumption was that the increased costs of new store openings and their early stage development when they did not contribute would markedly reduce profits.

However I still like that Red Tom article in the header post above which although a year out of date gives various ideas for how to value the company. That article makes much of the idea of valuing pawnbrokers in relation to size of pledge book. That isn't divorced from the surge in gold prices since of course a lot of the pledge book will be gold related.

However unless I am getting the decimal point in the wrong place it still makes little sense for HAT to have such a low rating in relation to its main competitor ABM.
ABM recent pledge book was £37m and current market cap is £185m. So that's about 5 times the pledge book. HAT has a pledge book of £39.5m and a market cap of 123m. On that valuation method alone HAT should be £5.50 so there must be some other factor suppressing HAT price - I guess a perceived lower quality of earnings.

[kimball808] 01/6/2011 07:56

just an assumption, when was the forecast for 2011 last updated? Accountants forecast where we will be at point x,y and Z, the further out the harder to predict. All the recent macro changes as in my post above are quite recent, in my view, and I feel are great conditions for the likes of H&T. I guess we will find out in the next TS. yesterdays rise very strange though...

[philo124] 01/6/2011 07:39

Re redundant forecasts, you are correct. It was an interview with the CEO;
i just thought it was a bit tacky that's all.

[kimball808] 01/6/2011 06:20

Philo, in general what did they say about their business model?
Digital look have have a reduction in EPS of 41% for ye 2011. But I wonder if the constant rise of gold combined with inflation and austerity would make these forecasts redundant???

[philo124] 31/5/2011 20:14

I sold too early, but at a good profit; i was bit underwhelmed by their bisness
model in an interview in shares magazine. However i admit it was a mistake to sell.

[kimball808] 31/5/2011 17:58

pre close trading update 30 June last year...

[kimball808] 31/5/2011 16:42

Bravo to the HAT...weird end of day movement...very happy though.

[kimball808] 26/5/2011 18:43

Sweet, also a new high since Feb11...here's hoping we hold above this 320p mark...

[mikey34] 24/5/2011 07:39

ABM have come out with a strong trading statement today....further proof that this sector is flourishing.

[amo1981] 13/5/2011 13:22

Nice to see a much tighter spread these days. Expect the share price to slowy continue upwards.

[mikey34] 13/5/2011 11:54

I should think so too Kimball.I'm in more stocks than I should be but this is the most obviously undervalued stock I hold of all of them.Below 7 times earnings in an uber defensive niche market which itself is in a sweet spot.

[kimball808] 13/5/2011 10:43

Shhhh...slowly moving up...;-)

[scotches] 21/4/2011 14:30

Gold price could rise to $1,700 an ounce
Gold's decade-long rally could last for another four years, with the price climbing to $1,700 an ounce, analysts predicted, as the precious metal reached another record high in morning trading.






The theory that the HAT/ABM boost of gold profits may only be temporary is challenged by the claim that gold will remain high for considerable period.

[kimball808] 14/4/2011 18:34

alas not yet...

[kimball808] 13/4/2011 08:26

is there now life in this ole dog...;-)

[mikey34] 27/3/2011 22:15

This week's feature article in Investors Chronicle is about identifying undervalued stocks using various stock screening systems.Interestingly,HAT comes up in two of the different systems,Greenblatt and Zweig.I couldn't see any other stocks that were thrown up by more than one system.Briefly,Greenblatt looks at vqalue and quality,using certain metrics,whilst Zweig looks for growth at a reasonable price using other metrics.
This reassures me in my view that HAT is significantly undervalued and therefore has the potential to go quite a lot higher over time.

[aishah] 10/3/2011 14:40

FinnCap Downgrade to HOLD @320p

[akhtar8] 10/3/2011 12:42

h&t comment by GCI