H&T Group – recommended bid means a now 62.5% less than one year offer to bid price profit

We recommended shares in the UK’s largest pawnbroking and jewellery and watches retailing group H&T (HAT) again at a 395p offer price just under a year ago, considering that they then again appealed on a valuation and income basis. We most recently reiterated that view in March this year with the shares then still below 400p… and now a recommended offer at 650p per share from Nasdaq-listed FirstCash. So with the shares now at 642p to sell, what to do?

H&T Group (#HAT) – recommended 650p per share offer from FirstCash Holdings, Inc.

H&T Group – 2024 results, value and income Buy

The UK’s largest pawnbroker and a jewellery and watches retailer H&T Group (HAT) has announced its results for the 2024 calendar year and that “as expected, the pledge book has grown slightly since year end to c.£128m which underpins future growth”. Is such growth discounted in a current still below 400p share price?

H&T (#HAT) – 2024 adj. EPS +5% to 50.9p, DPS +6% to 18p, “as expected, the pledge book has grown slightly since year end to c. £128m”

H&T (#HAT) – Q4 “trading was robust… in line with management expectations”

H&T Group – interims, “confidence in the future prospects” Buy

The UK’s largest pawnbroker and a jewellery and watches retailer H&T Group (HAT) has announced its results for the first half of the 2024 calendar year and a 7.7% increased dividend per share to 7p, “reflecting the board’s confidence in the future prospects”. The results and outlook suggest strong value from a 394p to buy share price.

H&T (#HAT) – H1 EPS up to 17.7p, DPS to 7p, “positive” trading environment

H&T (#HAT) – redemptions “little longer” to moderate than anticipated, “overall, trading… in line with expectations”

H&T Group – now again a Buy

Like Wood Group (WG.) recently, H&T Group (HAT) is a former successful share tip here with we banking good gains a couple of years ago at a 388p bid price. We noted then confidence of expectations for full-year earnings per share rising above 32p, whilst now there are current year hopes of they rising above 57p…but the shares are currently still available at a 395p offer price. With a strong dividend too, we now rate the shares again a Buy.

H&T (#HAT) – “robust demand… in line with expectations”

H&T (#HAT) – 2023 EPS up to 48.5p, DPS up to 17p, “demand has remained robust in the early months of 2024”

H&T (#HAT) – £11.3m acquisition of Maxcroft pawnbroking business and further debt financing

H&T (#HAT) – H1 EPS +24%, DPS +30% “reflecting… growing confidence”

H&T (#HAT) – H1 “pleased with the progress”, “encouraged by the growing momentum”

H&T (#HAT) – 2022 EPS up to 37.2p, DPS to 15p, notes current “positive” trading environment

H&T (#HAT) – “strong” Q4, “confident that full year results will be in line with current market forecasts”

H&T (#HAT) – raises £16.9m at 425p per share including via PrimaryBid

H&T Group – shares further up ahead of scheduled interims, bank gains?

Previously updating on the UK’s largest pawnbroker and a leading retailer of new and pre-owned jewellery and watches, H&T Group (HAT) we concluded that we continued to look for further news flow to drive a return to an above 350p share price. The shares have now reached further higher than that.

H&T Group – positive trading update and acquisition

H&T Group (HAT), the UK's largest pawnbroker and a leading retailer of new and pre-owned jewellery and watches, has announced a half-year trading update and an acquisition.

H&T (#HAT) – acquisition of watch servicing and repair business Swiss Time Services for £4.3m