First purchase Made a reasonable sized first purchase of these @ £1.93. Good NTA, very good in fact. Lowish divi, but rising and well covered. Yes, some risk, but management seem on top of the issues to me.......
Interims Nice to see a good rise in profits & a good hike in dividend.
Re: Rise Meant to add chart, but pressed submit instead of chart!
Rise Wow - what happened today?
NEW ARTICLE: Trends and Targets for 15/05/2015 "H&T GROUPÂ (LSE:HAT)Â must presumably be a favourite of Paddy Ashdown, though I doubt he could eat them in one sitting. As the chart shows, the share price is reacting to a long term downtrend currently with the implication it needs close above ..."[link]
Re: Reasonable update It seems a well & prudently run company with sound balance sheet.It is "the market";over crowded,competitive;at least when it comes to finding half decent customers,& it probably has too many underperforming stores which it will have difficulty closing thats the problem.While I am sure it will remain in business.I don't see decent profits anytime soon.Pleased for holders that the shareprice has held up reasonably well recently but does n't seem especially good value if you are putting in new money.I know it is trading at around book assets but if you are not making a decent return on them....which is why I sold up.
Reasonable update Reasonable update from H&T. In line with market expectations and encouraged by the current focus on reducing debt levels (more than halved to £9.7m) which contributed to the fall of ABM. I can see the recent changes in the rules for pay day loans taking out some competition that is currently on the high street adding to the consolidation that they refer to in their statement. With debt potentially cleared in 12 to 18 months and consolidation in the industry I am reasonably optimistic for the long term. Any alternative views?Mr H