H&t Share Discussion Threads

[rainmaker] 24/10/2014 10:09

Another factor I want to examine is the reduction in turnover from defunct competitor, Albemarle & Bond.

regards

[hydrus] 24/10/2014 09:33

Hi rainmaker I made NWC as £78m from last set of results. Therefore current mcap significantly below that.Good point re gold purchasing. What's your overall view of HAT taking that into account? The most interesting thing for me is that in the last two years free cash flow per share has been much higher than EPS. That's something that I look for in my investments, this has of course helped them with paying down that debt.

[hydrus] 24/10/2014 08:42

Can't remember the exact figures but the NWC is significantly larger than the market cap. Perhaps what is unusual though (as there are other companies in this situation) is that HAT is profitable and generates a lot of cash.

[hydrus] 24/10/2014 08:38

I've been watching for a while and bought in at 161 yesterday PM. It's incredibly cheap.

[aomar] 24/10/2014 00:16

Options_Guru is now using twitter , spread the news

[rainmaker] 23/10/2014 23:58

I think Harvey & Thompson(HAT) has just been tipped(again) in the Investors Chronicle. I believe the on line version of the magazine that hits the news stands on fridays, actually appears thursday afternoon.There was a solitary trade this morning then some 10 trades from about 3pm all in close succession.

regards

[commander t] 14/9/2014 23:53

I had a look at this - if one pulls up a HAT chart and the price of gold -PHAU, the UK listed ETF will do, we can see the similarities.

[sailing john] 01/9/2014 12:13

Bought in today 172-172.6 - 3 trades and none showing

Bought for the balance sheet vs market cap and potential to grow profits again.

Nice quiet thread

SJ

[hydrus] 25/8/2014 21:23

This is trading at 80% of net current assets. Pretty unusual in this day and age. Are the prospects for the company so shocking or is this mispriced?

[windass] 20/8/2014 13:04

Decent recovery play?

[alphahunter] 08/7/2014 19:27

Sold out today at a decent profit. Lots of stress around small and mid caps - even these with good numbers and outlook. I might buy back if the lack of liquidity pushes it back down

NB: Investors' Chronicle will probably have a positive write-up on Friday.

[scotches] 08/7/2014 13:10

The latest trading statement suggest HAT don't intend to let debt be an issue for the business after that was the key factor which crushed ABM. Perhaps any accumulated cash to buy ABM assets has been diverted to paying down the debt levels instead.

"The Group has continued the strategy set out last year to reduce debt, control costs and drive revenues. The Group's plan to reduce borrowings has continued to progress well in the first half of the year, with net debt at 30 June 2014 of GBP13.5m (30 June 2013: GBP28.5m) and operating costs have reduced year on year."

[scotches] 14/4/2014 17:13

Although it might be interpreted negatively that there will be a continuation of the rival ABM chain, albeit a slimmed down version, under new owners.

[outsizeclothes.com] 14/4/2014 11:41

I think today's "talks over" announcement is very positive. It shows we aren't going to overpay.

[scotches] 07/4/2014 17:38

Britain's largest pawnbroker has confirmed its interest in buying parts of rival Albemarle & Bond, as the battle for the failed gold dealer heats up.

In a statement noting "press speculation" H&T Group said it had made a proposal to Albemarle & Bond's administrators, PwC, to purchase some of the assets.

H&T will face competition from a consortium of private equity buyers led by former Bank of Scotland boss Sir Peter Burt, according to a report in the Sunday Times (subscription). The City grandee has tabled an offer through his firm Promethean Investments, which is backed with cash by Rockbridge Growth Equity. The paper reported that Burt wished to keep the majority of the pawnbroker's 183 stores and 900 employees.

[rogerlin] 25/3/2014 18:32

Appointment of administrators at ABM.

[chalky] 24/3/2014 09:34

looks like abm shares are suspended and the banks are probably not going to back them any further after end of month

[warranty] 03/3/2014 16:57

Whatever happens with ABM it will be one less major competitor for HAT. That can surely only be good, especially if there are new restraints on pay day lenders too. Looks a very solid hold to me on a better than average turn round stock.

[rogerlin] 01/3/2014 17:18

We are all waiting to see the outcome at ABM.

[outsizeclothes.com] 27/2/2014 10:05

Initially I'm seeing both good and bad here.
Good, - signs of stability, adapting to market conditions well, maintaining the footprint and I'm pleased with the level of debt reduction.
Bad:- the size of the divvy cut is horrible. I'd have expected a cut back to 6.5p total, but the current level of divvy now takes us completely off the radar of those buying for income. And although taking advantage of selected opportunities might be good medium term, I'd prefer to be sure the ship had steadied first before talking about expanding [and, de facto, increasing the debt again] in a market where they recognise there are already too many stores.

[chalky] 27/2/2014 09:32

looks like h&t have consolidated well in a terrible market,we knew the numbers were not going to play out well but there are some good indicators that make these a good hold. I like increased cash flow to nearly 11mill, decreased debt to under 19 mill and a share price at buy 180 on a net asset value of about 245p a share and still paying a dividend,also more products available to customers and a market in gold that seems to have some life in it so far.buying something for 180p which is possibly worth 245p seems a good idea to me,looks like there is a fair bit of value there.also someone else may see that too as a possible take over target.

[warranty] 26/2/2014 18:53

So full year numbers out tomorrow then let's hope they're good. Bit of a shake yesterday then back up today so signs looking good. Hoping for very positive news and a good kick upwards for the share price Very confident on this one over the next year or two. Good luck all holders.