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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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H&T

March 2010

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:
  • 257p
Pawnbroker, H&T has enjoyed a very strong finish and now expects pretax profit to come in at the top end of forecasts for the year to 31 December. All business segments are expected to show double digit growth driven by existing stores, as well as the addition of 17 new stores in 2009. The strong performance has also come thanks to its emerging gold buying operation and the Board expects scrap profits to have tripled, led by higher average gold prices and higher volumes. H&T is understandably cautious that the  gold buying side may not repeat this in 2010. That said, underlying profits will be boosted by further new openings, while the continued tightness of credit should keep demand strong in pawnbroking.Broke ...

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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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