Hardman & Co Research on H&T Group: Core franchise build, short-term retail noise
05 April 2024 - 2:57AM
EQS Non-Regulatory
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
|
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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
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The issuer is solely responsible for the content of this
announcement.
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End of Announcement - EQS News Service
1873743 04-Apr-2024
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