imutual.co.uk

garindan wrote: ↑

Mon Oct 07 2019 12:56pm

Good trading update from Ramsdens this morning and they didn't even mention how the fish and chips arm is doing (!). Looks like we might do well to stick in this one for a while.

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]

Beachboy wrote: ↑

Mon Dec 09 2019 3:06pm

Currently up over 20%. My vote is for sell because we have held this a little while now and think this would be a very strong return and allow us to select a new investment opportunity that can hopefully do equally as well.