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from Hardman & Co Research (isin : GB00BYYW9G87)

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

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

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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 of the report.



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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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