Hardman & Co Research / GB00B12RQD06
23.07.2024 - 17:52:03Hardman & Co Research on H&T Group (HAT): Pawnbroking: the global perspective for H&T
| Hardman & Co Research Hardman & Co Research on H&T Group (HAT): Pawnbroking: the global perspective for H&T 23-Jul-2024 / 16:52 GMT/BST The issuer is solely responsible for the content of this announcement. Hardman & Co Research on H&T Group: Pawnbroking: the global perspective for H&T In this note, we put pawnbroking into a global and historical context: i) the global market is large, ca.$40bn, UK just ca.5%; ii) pawnbroking is widely adopted across a range of cultures/geographies from China, India, Islamic countries to US, Europe and UK; iii) many UK immigrants are comfortable with pawnbroking from experiences in their country of origin; iv) the largest listed pawnbrokers trade at over 2x the PER rating of H&T with similar forward earnings growth; iv) it is generally a regulated business with largely favourable regulators’ comments, as in the UK. Pawnbroking has been available globally for centuries, debunking the misconception some have of it as a UK Dickensian practice. Please click on the link below for the full report: https://hardmanandco.com/research/corporate-research/pawnbroking-the-global-perspective-for-hat/ If you are interested in meeting the company, you can register your interest by clicking on the above link.
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