H&T Group (AIM:HAT) - positive update and shares look decent value at current levels
The core pawnbroking operations continue to perform strongly, with the Group due to report double digit year-on-year growth in its pledge book and largest income stream, the Pawn Service Charge.
The Group’s gold purchasing operation has experienced competitive pressure on margins (much like Albemarle), but the underlying volumes have remained constant over the last 12 months.
Year to date retail sales are up 7% reflecting the new store additions and the continued focus on…
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