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Wow and he makes money that way ?
Edit *their* before the grammar police turn up
Risks: H&T’s customers are cash-constrained. Its money laundering, stolen goods risk and other regulatory controls are appropriate to pawnbroking. We believe sentiment to the industry is a specific risk, which needs careful communication to overcome. Inflation risk to the cost base is also a specific short-term consideration.
What I mean by dirty is most of what's written above, which is straight off the report. Careful communication is using hardman reports to boost credibility for example. Add to that they re staff are not exactly going to be motivated. Can't have been paying them much if they're siting the minimum wage as a cost pressure.
The fact that most of it's competitors are out of business is not necessarily a good thing I'd say.
That's all. I'll get back in my box
The one posted yesterday Hardboy 4/4, but I ve had a look through previous RNS and they seem to use Hardman reports to bolster credibility.
Pawn broking is pretty dirty whatever way you look at it. Didn't say they don't know what they're doing but I wouldn't say I trust them and they look hell bent on world domination and increasing their gearing ratios but not necessarily the right time imho.
Just a comment, probably misplaced but I say it as i see it right or wrong.
Never mind me and have a good weekend
Hardboy - I presume you're either addressing TopCatz or 5percent, as they're the two main posters I filtered some time ago on here.
If so, up to you obviously but I really wouldn't bother if I were you. They both have clear agendas and - as you've probably already surmised - their posts are neither reasoned, consistent or informative.
By way of contrast, I find your posts both interesting & balanced, as I hope you do mine!
What RNS are you referring to?
They increased their ov3erdraught limit last summer & taken out a new loan in the last 2 months. If you are expecting some other kind of increase in their funds in the short term, you are basically saying the BoD don't know what they are doing.
Must be well desperate to move the SP
Probably a placing or even higher gearing on it's way
It's a matter of trusting people. When it comes to directors, zero trust is appropriate. Best to draw your own conclusions about the business etc. Example # GEC was a mainstay of industry under Weinstock. New CE, wow we will buy US comms company ; 6 months later discover revenue non existent, GEC goes bust due to debts to buy US, Shareholders lose everything. And this was a top UK company with a new wizz kid CE.
If you want to know where a business is going to have to listen to the people who know that business, their markets and their strategy. Crunching numbers is fine if the business does not change, their products and services do not change, market conditions do not change, and the economy does not change.
I was replying to the previous post, where somebody has posted a podcast , and somewhat similar to the 'bullish statements' refered to below. All this is to persuade investors. So if you listen to the pope long enough you will become Catholic. My point is that it is better to ignore the verbiage and do your own analysis of future discounted cash flow if you want to have any idea if the share price is appropriate.
Plainly undervalued......Bullish statements from the company regarding prospects and expansion at a discounted price....It will not last long...set for a big rerate in my opinion....a very big rerate is totally justified by all the facts...
Pretty much to script here. A fluffy spike with not enough substance to get through what's becoming quite a strong overhead resistance at around 395. It faked it for a bit but you see that all the time
Minimum wage requirements as from 1st April too so going forward there will be a headwind. Maybe some have cashed in here ?
I've had a small punt with a target of 275 and a stop at 420p. Figures look alright, I can't deny hence a smallish trade..Just something that doesn't quite seem right and my overriding view that an election or an announcement of an election will signal alarm bells.
GLA
Hardboy - I really wouldn’t bother trying to reason with him/her, if I were you!
5% as you're not replying to someone else's post, and don't say who you are addressing, apologising for being rude is meaningless as no one knows who you are talking to.
If you base your decisions on what the director said, you are living in a fantasy world.
Try answering this question
If you had no idea what the share price was, and somebody asked you whait it should be, you would have no idea whatsoever.
Why ? Because you are not inputting the balance sheet, p and l and forecasts into a model and working out the discounted cash flow and other parameters.
Why not admit you have not a clue, instead of pretending you are a director.
Sorroy i am indeed being a bit rude. But I feel strongly you are wasting your time and deluding yourselves/
H&T Group CEO, Chris Gillespie and CFO, Diane Giddy present full year results for the for the twelve months ended 31 December 2023, followed by Q&A.
Watch the video here: https://www.piworld.co.uk/company-videos/ht-group-hat-fy23-results-presentation-march-2024/
Or listen to the podcast here: https://piworld.podbean.com/e/ht-group-hat-fy23-results-presentation-march-2024/
Laughton - positive yes. But that data relates to the period H&T has already reported on.
I’d argue it’s more what happens THIS year that’ll influence H&T’s share price going forward. Whilst I suspect the economy will pick up slightly, I’m doubtful of any significant improvement. So the environment for H&T should stay fairly benign IMHO.
Outstanding debt on UK credit cards jumped nearly 10 per cent last year, according to new data, as households turned to borrowing amid inflationary pressures and the cost-of-living crisis.
Credit card debt rose 9.7 per cent in the 12 months to December last year, figures from banking trade body UK Finance showed.
Surely a positive for H&T.
Put it this way : there are a million investments in the world - why choose one where there is 'doubt' about what a director said or didn't say about management or so-called 'consultants' ?
And if you think he deliberately avoided saying something that reasonably should have been said, it is time to run
'And Gillespie avoided saying how long Maxcroft's husband & wife owners would stay on as consultants. But for now, I'm happy to give them the benefit of the doubt,'
What do you mean ? What is the risk ? Is there a hint of dodgy practice ? I certainly dont want relatives vaguely floating in and out. Problematic for management competence, but more importantly, dodgy practices.
Anyhow I assume we are all happy bunnies as sp has done good. Here's to recession and everybody flogging family heirlooms. Might pay for my holiday. See you on the beach
I found this presentation useful.
Also, reassuring to know they don't just make the questions up, as mine (about progressive dividend policy) was amongst the ones asked.
There clearly remains a bit of investor disquiet about H&T's latest acquisition. But they were at pains to reassure us it met all their financial criteria & should bring valuable experience on commercial divergence, which they can then roll out to other stores. As well as its valuable pledgebook, Maxcroft has clearly been successful with forex sales, where H&T has experienced slower than anticipated growth recently. So they may be able to help boost this side of the business. Jury's out I guess. And Gillespie avoided saying how long Maxcroft's husband & wife owners would stay on as consultants. But for now, I'm happy to give them the benefit of the doubt, as H&T's management has generally been conservative & sound in the past.
Interesting they could envisage the store estate rising to 350 in the medium term, albeit probably "only" adding 8-12 units this FY. Also, good news that after a strong January, the first half of March has been similarly robust.
I keep getting accused of having a secret agenda. I think i should clarify i don't really care much about HAT, even tho i have a few shares. Essentially, i am trying to establish whether in holding a specific share, things are loaded against you. I am inclined to buy ETFs rather than individual shares, especially having seen most of the comments here, which to me have no logic / analytical basis , and to me show people are speculating
En passant, I note that at 11 30 the price has spiked 3.3% , yet I thought the presentation is at 12 00. So what is going on ? Maybe presentation earlier, but not reported yet - I have carefully checked the internet. Of is it insider trading, or a leak ? Sad that retail investors are effectively getting ripped off , but I think that is the situation.