Make your money go further for just 25p per day

H&T Group (AIM:HAT) – the pawnbroker survives but can it prosper? 

05/03/2015 · H&T Group (HAT) 

Preliminary results for the year ending 31st December 2014 from AIM’s surviving pawnbroker look encouraging. It’s certainly been a tough time over the past few years but there could be an interesting recovering story here.

While the income statement points to a decline across the board, the year has been one of survival and rebuilding the balance sheet.

As management pointed out, unlike many in the sector, HAT both survived and generated strong cash flows against a back drop of a low gold price, significant changes in consumer behaviour and a far tighter regulatory regime. The challenge now is to implement strategies to reflect this different environment.

During the year the average gold price was £768 per troy oz, a fall of 15.0 %. This reduction impacts on the profit derived from pawnbroking scrap and purchasing and is the principal reason for the 8.4% reduction in the Group’s gross profits to £45.7m.

The Group delivered profit after tax of £4.3m (2013: £4.9m) and diluted earnings per share of 11.78p (2013: 13.40 pence). There is a final dividend of 2.7p per share bringing the full year dividend to 4.8p.…

Sign up and read the full article

Register to continue reading this article.

Get FREE access now

Already a member? Login

Have your say

Log in or register to view or add comments.

For access to the top news and insights from the investment world


Become a Champion Investor for as little as £3.20 per report or get a year's worth of money-making analysis for just £90.


More on H&T Group

Currency cards: another tech venture for UK stock markets to shun

11/02/2019 · News & Insights
Revolut, WeSwap and Monzo have all enjoyed huge success on crowdfunding websites, but the public markets…

Why would the Chancellor attack AIM tax reliefs?

13/10/2017 · News & Insights
Investor’s Champion has researched AIM companies for over 12 years and has always highlighted the Inheritance…

A special dividend takes the yield to a whopping 10%!

11/01/2017 · News & Insights
The proven retailer featured in our Premium Company Research article from 12th December 2016 (‘Great…

This cash machine starts to pay out

08/03/2016 · Sponsored Content

In the latest in a series of ‘Investment Insights’, fund manager and CFA Charterholder Graham Neary highlights the investment attractions…

Where is the Value in Small Caps?

04/03/2016 · News & Insights
This is a question we asked ourselves a lot in 2015, as momentum propelled growth stocks…

More from the News & Insights

M&S and Royal Mail: Is it too late to turn things around?

22/05/2019 · Marks & Spencer · Ocado · Royal Mail

Scapa Group - Bonkers valuation of the week

21/05/2019 · Scapa Group

Vodafone cuts dividend: are the shares still worth holding?

14/05/2019 · Vodafone