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Worth reminding holders the share price back in March 22 closed at 277.5p (and 244p last July). So we're still WELL above year lows. Whatever the longer term impact (if any), I can't see this changing fundamentals for the next couple of years at least. So if the price falls back below 300p, I'll be topping up. A yield of around 4% with decent growth/earnings visibility is about as good as it gets in the current market!
Lord
You may be right, either way it's spooked the market.
The fall in SP in no way reflective of actual sells though.
Should probably have taken some profit around the 360/370p area but will hold on & ride the rough patch.
Here's more info on the No Interest Loan Scheme: hTTps://fair4allfinance.org.uk/news/plans-announced-for-new-uk-wide-no-interest-loan-scheme-pilot/. A 2 year pilot's being rolled out in up to 6 deprived areas starting Autumn 22. So in any case it wouldn't hit H&T significantly during that extended trial period. But initial share price reaction suggests it might impact longer term, as a full-scale roll-out (if implemented) could eventually reach 500,000 people according to a feasibility study conducted before the pandemic.
Nonegspleeze - According to the BBC article, "a full scale roll-out could reach 500,000 people.....They can borrow between £100 and £2,000. The average amount borrowed is £500." Seeing as it's an interest-free loan, I'm surprised you can't see any negative implication for the pawnbroking industry. I still believe H&T will have a sound business, but surely this could impact it?
Can't see that the NiLS would have any impact on HAT's overall performance.
Do hate it though when a share is best part of 20% down over a fortnight for no obvious reason.
No real volume & macro economics still very positive.
Don't get it.
Hopefully the company will comment at their August interims (if not sooner).
I couldn't work out what was behind HAT's share price weakness over the past couple of days. Perhaps the following explains it, though I can't see it having a huge impact for now (though I guess it could eventually if there's a full scale rollout): hTTps://www.bbc.co.uk/news/business-61826209
Standard
Of the near 15,000 shares traded today 6 were sold at 347p first thing this morning. No other sale within 10p & all buys 370p or close to it. Dull & repetitive chat, keeps happening though.
Ridiculous spread at the moment (Bid 345p, Ask 373p). All so the market makers can report an imaginary share price drop of 17p on the day? Mark my words, this will show a decent rise again tomorrow morning, when the imaginary drop is reversed, as if by magic.
Yup, this has certainly been a good share to hold in recent months, with an increased dividend as the cherry on top. And I think there's more to come still. As you say, weird share price tracking. The trades at 374p & 375p this morning were all for relatively low values. Still doesn't explain why the current share price (375p) is 8p more than the Ask (367p). Perhaps the MM's fond of liquid lunches...
Lord
Happens all the time.
One buy at 375 @ 8.08 this morning.
Expecting a sell at 4.35pm to take us down to 350 or so overnight.
No idea why HAT is affected this way, can only assume an enthusiastic MM likes to keep people on their toes.
Overall trend is up though so happy enough with it.
Here it is in black & white:
Share Price Information for H&t Group Plc (HAT)
London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 375.00 Bid: 361.00 Ask: 367.00 Change: 11.00 (3.02%)
Spread: 6.00 (1.66%) Open: 365.00 High: 375.00 Low: 365.00 Prev. Close: 364.00
Backing up my previous post, the latest share price being shown on LSE is 375p (up 11p). Yet they show the Bid @ 361p & the Ask at 367p. They can't all be right!
Unless I'm much mistaken, one thing with HAT is that its daily share price movements often seem to be misrepresented. Its share price will often show a rise or a fall, when in fact it's just the SPREAD that's widened or narrowed. So whilst the mean price might suggest a rise or fall, the bid is actually no different. Current example at 3.30pm today: Bid = 357p, Ask = 361p, showing a fall of 7p. But yesterday, the CLOSING price was 357p, which was then swiftly marked up to 364p in early trading this morning. The following chart shows this, when you select "Today" from the dropdown on the right: hTTps://www.londonstockexchange.com/stock/HAT/h-t-group-plc/company-page. In other words, what's shown as a 7p drop today is actually NO CHANGE in price from yesterday's close.
Refreshing to own shares in a company that's actually hitting or exceeding its forecasts! I can't see any way HAT can fail to outshine over the next year or two, given the general economic climate.
A very positive and well laid out RNS. A solid long term play.
https://www.lse.co.uk/rns/HAT/trading-update-zmse1it6dm2gkb8.html