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H&T - Rising gold prices could boost lending

September 2016

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.

Brexit? What Brexit? This is what investors in pawnbrokers, H&T, will be thinking as, if anything, the recent turbulence has helped gold prices rise and as most customers’ collateral for its loans is gold jewellery (potentially increasing new business) it’s not hard to understand why the shares have risen sharply to 290p.H&T also confirmed that it expects full year pretax profit to be in line with market consensus expectations, having made a good start to the year with the combined pledge and personal loan books increasing almost 11% to £45.2m (30 June ’15: £40.8m).The development of a new format for pawnbroking services focused on larger loans at lower interest rates meant the pledge boo ...

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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 - Rising gold prices could boost lending

September 2016

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