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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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H&T

April 2024

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:
  • 338p
H&T has announced the acquisition of a single well-established store based in Ilford, Essex with a 40-year trading history from Maxcroft Securities. The store comes with a sizeable and growing pledge book of £6.1m and strengthens H&T’s exposure to the self-employed and business customer segments - areas it’s looking to grow - alongside a successful FX business. The underwriting terms and quality of pledge book are similar to H&T’s although interestingly, the average loan size is larger at £4,023 (versus H&T’s £423). The price paid of 1.85x its pledge book value is within H&T’s normal range. H&T has also announced an additional £25m of funding (c. 8.4% interest rate) from Pricoa Private Capital, taking the t ...

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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

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