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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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H&T

February 2009

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • HAT
  • Price:
  • 185p
After a period in the doldrums, shares in pawn broker H&T surged 41p in two days following an upbeat pre-close trading update. Results for the year to 31 December will be ahead of expectations with like-for-like retail sales up 3% driven by a combination of a rise in the Sterling gold price helping scrap sales and better than expected autumn trading. Going forward, this momentum will be further helped by a strong expansion program, with 10 new stores opening and a further two being acquired in H2 '08.In reaction, broker Numis has raised its pretax profit forecast by £1m to £11.2m, with eps lifting to 22.2p. For this year the broker has upgraded from £10.9m to £11.7m, giving eps of 21.8p. Trading on a prospective PE of 8.5, ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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