H&t Share Discussion Threads

[leejp] 17/10/2018 10:03

I agree the loan demand should pickup. My concern was -3m cashflow this year and only 1m the year before compared to declared pre-tax profits of 11m this year and 8m last year. I prefer the cashflow to be ahead of profits but here it is vice versa :/

[martinthebrave] 16/10/2018 17:05

Bought back in today 262p. Looks a decent "Buy & Hold" from these lows IMO.

[muzmanoz] 16/10/2018 14:01

From the announcement back in May it looks like the board made sensible NED appointments in terms of ensuring that the company is best placed to take advantage of any future regulation.

CEO bought 25,000 shares on 10 September at 310p. He already held close to 1.1m shares. I take that as a good sign.

[scotches] 16/10/2018 13:40

In 2013 Wonga's rates were described as "ludicrous" by HAT's John Nichols. At the time HAT moved out of the payday loan market in favour of secured lending.

There is now a big online industry seeking compensation for missold historic loans. The FCA is also taking a much more aggressive approach.



So HAT,a responsible lender, fall in the negative atmosphere. Assuming there is no current or historic wrongdoing this could be an opportunity to pick up cheap shares.

[outsizeclothes.com] 16/10/2018 13:32

The speed of the shareprice decline here is starting to look alarming. On no news the smaller shareholder is left to wonder if "the insiders / big boys" know something that isn't public info.

[cwa1] 16/10/2018 12:42

Afternoon All

Just had a mad rush of blood to the head and picked up a handful of these at 262 to join your merry little gang. Seems to be plenty of stock about, probably not the wisest time to be buying. Oh well, the deed's done now anyway! Good luck all.

[thorpematt] 12/10/2018 22:24

I can only offer you some confirmation bias...which in these cases is of course next to useless.

I am struggling with the price action TBH. Toying with increasing my position here.

[aleman] 11/10/2018 11:56

The Bank of England report the 7th consecutive quarter of tightening of lending to unsecured creditors. Default rates eased after some recent rises.

I'd expect this to make HAT even busier - now someone tell me why the shares are falling, please. I grant that they need their vetting procedures working for straightforward loans but the rest of the busineess should be doing very well, regardless.

[aleman] 03/10/2018 09:16

Ramsdens' trading update indicates a weak showing from forex, thanks to a hot summer (staycations) and timing of Easter, but other sectors did well so they are still trading in line with forecasts. Underperforming forex was 28% of RFX's gross profit last time but was only 4% of HAT's. Hopefully, the 96% of HAT's remaining business will be doing well like RFX's remaining 72%.

[leejp] 17/9/2018 22:56

Reminds me of an old game on the ZX Spectrum: Mr Wonga's Loopy Laundry. I digress.

[thorpematt] 02/9/2018 15:12

Only one thing worse than the wrong thread...


and that's when you get an even wonga thread...










I'll get me coat.

[johnrxx99] 31/8/2018 09:10

Sorry, wrong thread

[aleman] 30/8/2018 20:05

I reckon it could drive more business HAT's way but I doubt it will amount to much.

[topvest] 30/8/2018 19:59

Its very very mildly positive in my view. Unsecured lending is still plentiful though from other providers so unlikely to have much impact. Of course, when conditions deteriorate and unsecured lenders tighten their credit criteria then possibly more positive for H&T. They are doing just fine without a tailwind at this point.

[kazoom] 30/8/2018 19:15

Hi podgyted,

My thought is that it is mildly positive for HAT.

Anyone that may have previously turned to Wonga will be looking for an alternative and HAT will be an option for some. As you suggest they are not totally "equivalent" businesses but the pawnbroking arm will imho benefit if unsecured sources of sub-prime credit become harder to find.

[podgyted] 30/8/2018 18:56

Anyone got any thoughts on the collapse of Wonga?

HAT have been increasing their loan book so is it an opportunity or a sign that subprime is struggling?

I personally think it's a nonevent as my reading is there is probably little overlap between W and HAT.

[topvest] 29/8/2018 11:45

Aleman - I think the overall trading position is improving which is the main thing and you are right that they should generate reasonable profits from gold trading. Analysts forecasts per Stockopedia have been increasing from below 30p to 34p and now nudged down slightly to 32.1p consensus. Anything over 30p is excellent and fully supports the share price in my view.

[topvest] 29/8/2018 08:46

The bullies follow me around. Can't see what you post, so its a bit pointless! Find someone else to pick on.

[topvest] 28/8/2018 20:27

Thanks Aleman. Some people resort to accusations and bullying if you post something they don't agree with. Its the Woodford followers that I have upset as they don't like my thoughts. I just put them on filter (for any poor behaviour) and post what my honest views are, right or wrong. Life is too short to argue with bullies. If they don't agree with me that's fine and we will see who is right in due course. That's the purpose of a billboard. Anyway, lets get back to H&T.....

[aleman] 27/8/2018 21:59

I've been around slightly longer than topvest and posted nearly 3 times as much. I don't see how his 2.6 posts per day is evidence of anything disreputable. We've had a few shares in common over that time and his posting has struck me as being fairly sensible stuff without going into forensic accounting depth. I can't say I've seen all, or the majority even, of his posts, but it surprises me that he is being accused of anything. He just seemed a pretty normal sort of punter to me.