Updates

H&T

January 2018

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.

Pawnbroker H&T announced that pretax profit will now be ahead of market expectations, thanks to a strong H1 continuing into H2. This has been driven by strong performance in retail, where its investment in inventory levels has paid off, and Personal Loan. Meanwhile, the pledge book has benefited from a higher per-gram lending rate and growth in concessions. Rounding things off, the gold price has hit one month highs, which will benefit its scrap and gold purchasing arms.Numis has raised its FY’17 pretax profit forecast from £11.6m to £12.8m for new eps of 28.4p, which would represent growth of 36% over FY’16! For next year it expects eps of 29.7p.The shares should move higher, with Numis’ ...

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H&T - Pawnbroker should benefit from record gold prices (October 2020)

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H&T - Acquisition of best Money Shop stores boosts prospects (October 2019)

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H&T - Rising gold prices could boost lending (September 2016)

H&T - Pawnbrokerâ€™s move into new products drives eps growth (June 2016)

H&T - Profits recovering (May 2016)

H&T (June 2013)

H&T - Pledge book still growing nicely (October 2012)

H&T (August 2012)

H&T - Rapid expansion effectively financed by buoyant gold buying activity (May 2012)

H&T - Forecasts upgraded (February 2012)

H&T - High gold prices help pawnbroker beat expectations (November 2011)

H&T - Brokers upgrade again (October 2011)

H&T - Gold purchasing drives profit growth (June 2011)

H&T - Beats expectations again (March 2011)

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H&T - Substantial eps upgrade (August 2010)

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H&T - Eps forecasts upgraded 16% (December 2009)

H&T - Pawnbroker cashing in from soaring gold price (October 2009)

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

H&T

January 2018

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