Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksH&t Group Plc Share News (HAT)

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: 363.00
Ask: 379.00
Change: 0.00 (0.00%)
Spread: 16.00 (4.408%)
Open: 382.00
High: 382.00
Low: 375.00
Prev. Close: 375.00
HAT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

H&T Group ups dividend thanks to higher revenue and profit

Tue, 12th Mar 2024 10:54

(Alliance News) - H&T Group PLC on Tuesday announced an increased full-year dividend, on the back of higher revenue and profit.

H&T is a Surrey-based pawnbroker and retailer of new and pre-owned jewellery. Its shares were up 4.0% at 353.60 pence each in London on Tuesday morning.

In 2023, pretax profit climbed 39% to GBP26.4 million from GBP19.0 million in 2022. Revenue increased by 27% to GBP220.8 million from GBP173.9 million.

On the back of the results, H&T increased its annual dividend by 13% to 17.0p from 15.0p.

Looking ahead, the company said it believes demands for its "core" pawnbroking service will remain high "as the ongoing impact of inflation on customers' disposable incomes creates record levels of demand for small sum, short term lending, at a time of severely constricted supply."

It added that expansion to its store network remains a focus. It expects to open between 8 and 12 new store in 2024.

"The group has made significant progress in 2023, delivering record profits and strong growth in a challenging environment for both businesses and individuals," said Chief Executive Chris Gillespie.

"Pawnbroking is our core business and is attracting increasing numbers of new customers. Throughout the year, we saw record demand for our pawnbroking service and this has continued into 2024, with January being a new record month for lending."

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
25 Oct 2013 07:02

H&T Group Finance Chief Leaves, Replaced With Insider

Read more
15 Oct 2013 10:22

H&T Group Trading In Line With Expectations; Retail Sales Rebound

Read more
6 Sep 2013 08:01

Friday broker round-up UPDATE

Antofagasta: Canaccord Genuity lowers target price from 1035p to 1020p, while leaving its buy recommendation unchanged. Ashmore Group: Canaccord Genuity downgrades from buy to hold with a target price of 380p. Associated British Foods: Societe Generale upgrades to hold with a target price of 1900p

Read more
24 May 2013 08:12

H&T Group's profits hit by volatile gold prices

H&T Group's shares fell Friday after the financial services and pawnbroker company said it expects volatile gold prices will impact pre-tax profits. The firm, which offers pawnbroker services to sell new, old, broken or unwanted gold, estimates that a 10% movement in the price of the metal will sha

Read more
24 May 2013 08:00

Friday broker round-up UPDATE

Aveva: Panmure Gordon ups target price from 2076p to to 2091p keeping a hold recommendation. Investec takes target price from 2450p to 2500p and retains its buy recommendation. Credit Suisse increases target price from 2013p to 2240p, while staying with its neutral rating. Barratt Developments: Lib

Read more
8 Mar 2013 06:45

Friday tips round-up: Aviva, IMI, H&T Group,

Aviva has come a long way and yesterday´s dividend cut does not negate all that has been achieved since Mark Wilson took over at the helm last May. The company needed to decrease its pay-out to reduce the strain from interest payments on profits. The real challenge, however, will be to increase the

Read more
7 Jan 2013 13:27

H&T Group delivers in line with expectations

H&T Group, a High Street pawnbroker, has said that it expects its pre-tax profits to be in line with expectations. Over the period the group continued to expand, and boosted its stores numbers by 26. The firm said that its core pawnbroking operations have continued to perform well, and has becom

Read more
22 Jun 2012 06:53

Friday tips round-up: IG Group, H and T, Heritage Oil

Questor in the Telegraph says the spreadbetting firm IG Group has done well to recruit high quality 'high roller' clients in the UK but the number of active clients (e.g. people making bets) has fallen one per cent in its home market. Australia has also seen the number of active clients drop. Yieldi

Read more
8 Mar 2012 08:47

H and T cashing in on credit squeeze

High Street pawnbroker,H and T says it has benefited from a consumer credit squeeze, while gold purchasing continues to drive profits. Adjusted profits before tax for 2011 were £23.5m, a 13.9% gain on 2010. Earnings per share rose 4.8% to 51.12p while the full year dividend has been hiked 13.2% to

Read more
9 Jan 2012 09:19

Monday broker round-up - UPDATE

InterContinental Hotels: Deutsche Bank upgrades to buy from hold. Fresnillo: Deutsche Bank upgrades to buy from hold. Antofagasta: Deutsche Bank downgrades to hold from buy. ARM Holdings: Citi reiterates buy. Capita: Panmure Gordon downgrades from hold to sell, target cut from 700p to 560p. Mor

Read more
20 Sep 2011 13:38

UPDATE: Tuesday broker round-up

BAE Systems: Societe Generale upgrades to buy, raises target to 330p from 280p. Kesa Electricals: Espirito Santo downgrades to sell, cuts target from 110p to 75p. Wilmington Group: Peel Hunt upgrades to buy. Moneysupermarket.com: Brewin Dolphin upgrades to buy. Barratt Developments: Citigroup up

Read more
23 Aug 2011 12:55

Broker tips: Micro Focus, Persimmon, H&T

Following Monday's announcement that signalled the end to bid talks at legacy software firm Micro Focus International, Swiss investment bank UBS has slashed its target price on the stock from 450p to 380p. The broker's previous target price was calculated using an EV/NOPAT multiple of 12 (EV/NOPAT:

Read more
23 Aug 2011 12:09

London midday: Stocks stay buoyant as bid talks boost Charter

The FTSE 100 remains buoyant, with some action on the mergers & acquisitions front giving traders another distraction from ongoing global economic concerns. Engineering group Charter International has confirmed speculation that it has received a second offer following a previous one from rival Melr

Read more
23 Aug 2011 11:11

H&T's profits helped by rising gold prices

Pawnbroker H&T said that it predicts full-year results to beat current estimates after a strong first half which was driven by a soaring gold price. "The outlook remains positive and on the basis of the current gold price we are pleased to announce our expectation for full year results to be above

Read more
23 Aug 2011 11:09

Broker snap: H&T makes good interim progress, says FinnCap

FinnCap says that H&T Group has made good progress in its core areas, and reiterates its buy rating on the pawnbroker. The firm announced on Tuesday that - on the back of the current strong gold price - expectations for the full-year are now above the top end of current forecasts. "This pattern of

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.