H&T Group plc (LON:HAT) the UK’s largest pawnbroker is the topic of conversation when Mark Thomas, an analyst from Harman & Co, joins DirectorsTalkInterviews to discuss a recent report on the Group.
The report highlights H&T’s strong position in the pawnbroking market, showing significant growth in its pledge book and net pawnbroking revenue. Mark explains how H&T is well-equipped to capitalize on increased demand for short-term loans, especially in the current cost of living crisis. He also addresses the challenges faced by H&T Group in the retail sector, such as a shift towards lower-margin items and the impacts of government policies on costs.
Additionally, Mark discusses the risks associated with the pawnbroking industry, including money laundering and the potential for receiving stolen goods, but notes that H&T’s control measures are robust. This interview underscores H&T’s strong market share and ongoing growth despite some short-term retail challenges.
