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H&T - Pawnbroker should benefit from record gold prices

October 2020

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.

The gold price has just hit a new high of £1,440 / oz, providing a helpful tail-wind for pawnbrokers like H&T, which having been founded in 1897, has long been in the business of lending money to retail customers secured against their rings and other jewellery.The shares floated at 172p in May 2006 and it’s fair to say have oscillated between 130p and 402p buffeted by dramatic moves in the gold price. Back in 2011, when gold hit a new high of £1180 / oz, it attracted many new entrants into the market (e.g gold pop-up stores) but the subsequent downturn in gold and a regulatory crackdown (which imposed a cap on interest rates for short term loans) saw many leave the market.Big players, like the Money Shop ...

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H&T - Profit supported by strong gold price (April 2020)

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H&T - Acquisition of best Money Shop stores boosts prospects (October 2019)

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H&T - Beats forecasts again (June 2018)

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H&T - Broker lifts price target to £4 (March 2017)

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H&T - Rising gold prices could boost lending (September 2016)

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H&T - Pledge book still growing nicely (October 2012)

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H&T - Rapid expansion effectively financed by buoyant gold buying activity (May 2012)

H&T - Forecasts upgraded (February 2012)

H&T - High gold prices help pawnbroker beat expectations (November 2011)

H&T - Brokers upgrade again (October 2011)

H&T - Gold purchasing drives profit growth (June 2011)

H&T - Beats expectations again (March 2011)

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H&T - Substantial eps upgrade (August 2010)

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H&T - Eps forecasts upgraded 16% (December 2009)

H&T - Pawnbroker cashing in from soaring gold price (October 2009)

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H&T - Pawnbroker with excellent track record (October 2008)

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

H&T - Pawnbroker should benefit from record gold prices

October 2020

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