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HARDMAN & CO RESEARCH Hardman & Co Research on H&T Group: Core franchise build, short-term retail noise

Transparency directive : regulatory news

04/04/2024 17:57

Hardman & Co Research
Hardman & Co Research on H&T Group: Core franchise build, short-term retail noise

04-Apr-2024 / 16:57 GMT/BST
The issuer is solely responsible for the content of this announcement.


Hardman & Co Research on H&T Group:

Core franchise build, short-term retail noise

 

In our 15 March 2023 initiation, Pawnbroking royalty, with strong, profitable growth, and subsequent notes, we have highlighted the strong market for pawnbroking and why H&T, as the market leader, is uniquely placed to take advantage of these opportunities. These results reconfirmed both, with the pledge book up 28% and net pawnbroking revenue up 36%. Like many in the retail space, H&T faced the challenge of customers focusing on lower-value, lower-margin items in the key run-up to Christmas 2023. Forex profits grew 11%, again helped by H&T’s unique franchise. While there are government-driven and inflationary pressures on costs, 2023 expenses were below our forecast, evidencing good cost control.

 

Please click on the link below for the full report:

https://hardmanandco.com/research/corporate-research/handt-core-franchise-build-short-term-retail-noise/

 

If you are interested in meeting the company, you can register your interest by clicking on the above link

To contact us:

Hardman & Co
9 Bonhill Street

London

EC2A 4DJ

 

www.hardmanandco.com

 

Follow us on Twitter @HardmanandCo

Contact:

Mark Thomas



 

 

mt@hardmanandco.com

 

Hardman & Co Research can still be accessed for free after MiFID II. Please click here to read the statement.

About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report.



Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

1873743  04-Apr-2024 

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