As I write we are +4% up.
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- Ramsdens - share monitoring
Moderator: CIC officers
Our Performance: +2.4%
Current Buy: 192.77
Current Year High: 197.50 [21/09/2019]
Current Year Low: 147.50 [21/09/2019]
Current Dividend Yield: 3.84% [21/09/2019]
Our Performance: +3.4%
Current Buy: 195.00
Current Year High: 197.50 [21/09/2019]
Current Year Low: 147.50 [21/09/2019]
Current Dividend Yield: 3.84% [21/09/2019]
H&T Group, the pawnbroker, said it is working closely with the Financial Conduct Authority, which is conducting a regulatory review of its “high-cost short term credit” unsecured loans business. The review focuses on the assessment of the company’s creditworthiness and its lending processes. The pawnbroker has stopped all HCSTC unsecured lending while it works through the review process with the City watchdog, and is reviewing its lending over the past six years, and whether it needs to pay any compensation to customers. It has had unsecured loans of £3m, on average, rising to a peak of £4m in December 2016, and now at £3m. The firm collected total interest payments of £24m over the period. However, it noted that HCSTC unsecured lending is only 4% of its overall business. The news sent H&T shares down 17.5% to 305p. H&T recently paid £8m to buy out the loans and “pledge books” of Albemarle & Bond, a rival pawnbroker which abruptly shut all its 116 stores in September. This means A&B customers can collect their pawned items from H&T outlets.
Our Performance: +6.5%
Current Buy: 196.00
Current Year High: 210.50 [25/11/2019]
Current Year Low: 147.50 [25/11/2019]
Current Dividend Yield: 3.69% [25/11/2019]
I can understand that. From my personal view I'd rather hold this one as I think there is a fair bit more in the tank to go on it before it reaches a new peak. If I was to have to sell any of our current shares I would go for FDM Group. I think it has a bit more to give but significantly less than Ramsdens.
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