Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
I dropped the Chief Executive an email and he helpfully replied that the timing of the review outcomes remains under the FCA's control. Any update will therefore be subject to the FCA completing their work. Otherwise the interims in August will be the next scheduled opportunity to update us.
Thanks, can only agree. There was steady constant selling of blocks throughout and I wonder if that was linked to Artemis or some other institution selling regardless of the value. I'm any case I'll pleased to have held my nerve and started to make a return on some of my purchases. As long as the FSA outcome isn't a disaster that will probably spike the shares up again once dealt with.
If the market accurately reflects the sum of all knowledge of the value of a stock then the last 2 months have been bizarre. I continue to hold but I feel for people shaken out of their holdings by the recent market movement. You expect that from some penny stock rollercoaster not something as "boring" as pawnbroking!
Finally a decent up day, maybe Artemis have finished reducing their position. If so, we might have turned the corner in the short term. A decent update and competing the loans review would consolidate the share price which seems to factor in a lot of bad news right now.
With thanks to scotches over on the ADVFN board...
https://www.proactiveinvestors.co.uk/companies/news/926366/ht-group--back-in-business--and-ready-to-grow-says-ceo-john-nichols-926366.html
CEO give a good account of the last 6 months and the outlook.
Debt was cleared through cash received from redemptions made on the pledge book, dividend paid out from cash.
The market seems supremely uninterested in H&T today but Questor also has this as a hold with lots of positive comments. I think they were able to remain partly open as an essential financial supplier but chose not to. Any second wave might therefore not result in exactly the same shutdown. The decent gesture of providing debt holidays may also not continue and that would certainly positively impact the bottom line. Having paid all their debt off, they're well placed to grow further (unlikely) or pay increased dividends. The cautious reintroduction of a dividend payment albeit at a reduced level seems to reflect this and suggests a return to the previous level (or more); is feasible. Growing unemployment without the furlough scheme can surely only be good business for H&T.
When it moves, it tends to move quickly so monitoring closely and attempting to time an investment is definitely sound thinking.
All true enough however decreased footfall was always going to have an impact and I note they've completely paid off their debt ...£11 million of it! For a company with a relatively low capitalisation that's a significant amount.
The Group's balance sheet remains strong with zero net debt (30 June 2019: GBP11.6m)
lse2000 - " I think it will be 70p open on Tuesday... LOL!" - " ....shorters can still safely short above 90p" - " This will make the share price drop to 20% and below to most likely 62p " - " Will short heavily next week until it hits 80p"- "Before result look for 79p" - "80p is my next target this week" ...................................................right................................................. let's see how that pans out.