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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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H&T - Eps forecasts upgraded 16%

December 2009

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • HAT
  • Price:
  • 275p
Shares in pawnbroker H&T moved higher after it announced that trading is running well ahead of current market expectations for the year. This has mainly come about through a sharp rise in the group's gold buying volumes on the back of the high gold price. H&T recently moved to cash in on the soaring gold price through opening 56 retail mall units (RMU), which are kiosks in shopping centres where consumers can sell their unwanted gold. Whilst only open since May, the RMUs are already performing well thanks to much higher footfall than its original pawnbroking stores, largely on the back of massive growth in gold buying advertising across the industry as a whole. Broker Brewin Dolphin estimates that dedicated gold buy ...

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