H&T Group (HAT)

Sector:

Financials

Index:

FTSE AIM All-Share

346.00p
   
  • Change Today:
      4.00p
  • 52 Week High: 490.00
  • 52 Week Low: 340.00
  • Currency: UK Pounds
  • Shares Issued: 43.99m
  • Volume: 53,406
  • Market Cap: 152.20m
  • RiskGrade: 242

H&T Group secures 10m funding facility

By Josh White

Date: Friday 17 Nov 2023

LONDON (ShareCast) - (Sharecast News) - Pawnbroker and jewellery and watch retailer H&T Group has secured additional funding to facilitate its business growth, it announced on Friday.

The AIM-traded firm said Allica Bank had extended a funding facility of £10m to support the expansion of its pledge book and investments in its store portfolio.

It said the facility included a term loan with a maturity period aligning with its existing funding facilities with Lloyds Bank.

Additionally, it granted the option to extend the maturity in line with the existing arrangements.

The interest rate for the funding would be 4% above the base rate.

H&T said the terms and covenants of the arrangement closely resembled those of H&T Group's current facilities with Lloyds Bank.

A new covenant was introduced, mandating an asset cover equivalent to no less than three times the net debt, combining the pledge book and inventory.

"We are very pleased to have the support of Allica Bank as an additional funding partner," said chief financial officer Diane Giddy.

"We have continued to see good growth in the pledge book in the second half of the financial year, with sustained demand for our products and services, and the investment we are making in our store estate is expected to underpin future growth.

"The new facility, alongside our existing long-standing support from Lloyds, will enable us to grow our pledge book further in the 2024 financial year."

At 1213 GMT, shares in H&T Group were down 0.38% at 458.26p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

H&T Group Market Data

Currency UK Pounds
Share Price 346.00p
Change Today 4.00p
% Change 1.17 %
52 Week High 490.00
52 Week Low 340.00
Volume 53,406
Shares Issued 43.99m
Market Cap 152.20m
RiskGrade 242

H&T Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.12% above the market average84.12% above the market average84.12% above the market average84.12% above the market average84.12% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Price Trend
6.08% below the market average6.08% below the market average6.08% below the market average6.08% below the market average6.08% below the market average
17.95% above the sector average17.95% above the sector average17.95% above the sector average17.95% above the sector average17.95% above the sector average
Income
71.09% above the market average71.09% above the market average71.09% above the market average71.09% above the market average71.09% above the market average
17.46% above the sector average17.46% above the sector average17.46% above the sector average17.46% above the sector average17.46% above the sector average
Growth
60.60% above the market average60.60% above the market average60.60% above the market average60.60% above the market average60.60% above the market average
62.26% above the sector average62.26% above the sector average62.26% above the sector average62.26% above the sector average62.26% above the sector average

H&T Group Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Sep-23 18-May-23
Paid 06-Oct-23 23-Jun-23
Amount 6.50p 10.00p

Trades for 01-Mar-2024

Time Volume / Share Price
16:35 305 @ 346.00p
16:35 1 @ 346.00p
16:35 25 @ 346.00p
16:35 79 @ 346.00p
16:35 54 @ 346.00p

H&T Group Key Personnel

CEO Chris Gillespie
CFO Diane Giddy

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