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H&T

April 2025

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:
  • 358p
H&T’s full year results to December showed sales up 20% to £265.4m. Pretax profit was up 10% to £29.1m and EPS were up 5% to 50.9p, both setting new records. DPS were 18p, up 8%. H&T’s stores provide a range of services with overall gross profit up 22% to £155.4m. Within that, the biggest swing factor was the Pawnbroking gross profit, +18% to £111.8m. The pawnbroking pledgebook ended up +22% at £158m, which is head and shoulders over anyone else in the sector - rival Ramsdens’ (RFX; 204.5p) pledge book has been virtually flat over the period. CEO Chris Gillespie says this is mainly down to Ramsden’s focus on FX and for small independents it is the lack of access to capital that circumscribes their ability to lend. H ...

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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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