Simon Thompson 

Exploit a golden value opportunity

Simon Thompson

Simon Thompson

The contribution from H&T’s (HAT:338p) acquisition of 65 stores trading as The Money Shop (TMS) last summer, and a £8m pledge book purchased from Albemarle & Bond in the autumn, helped the pawnbroking and financial services group to report a 45 per cent surge in annual pre-tax profit to £20.1m on 15 per cent higher revenue of £101m. However, pre-tax profits still came in 6 per cent ahead of Numis’s forecasts and that’s after the house broker pushed through 12 per cent upgrade in October.

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