Good morning all.

Two announcements caught my eye this morning.

First, interim results from pawnbroker H & T (LON:HAT).
http://www.investegate.co.uk/h--38-t-group-plc--hat-/rns/interim-results/201408190700084384P/


Profit before tax of £2.0m (H1 13: £4.6m)
Basic EPS of 3.98p (H1 13: 9.22p)
Net debt reduced by 52.6% to £13.5m (30 June 2013: £28.5m)
Interim dividend of 2.1p (2013 interim: 2.1p)

The company looks to have avoided the disaster that struck at Albemarle & Bond.

However, these results do again show how pawnbrokers are a geared play on the gold price, so it is important to form a view on that when researching the company.

Second, there is another announcement from ecommerce software company Cloudbuy (LON:CBUY).


cloudBuy plc (AIM: CBUY), the cloud eCommerce marketplace, has been appointed to the Local Authority Software Applications (LASA) framework.

so they have permission to bid for work from local authorities.

cloudBuy has been approved as a provider for 3 lots:

Lot 2 - Payment Processing & Cash Receipting systems
Lot 5 - Housing and Property systems
Business area: E-Marketplaces for materials or services relating to maintenance
Lot 6 - Social Care systems
Business area: Social Care e-Marketplaces

Lot 2 is likely to be extremely competitive, with Cloudbuy (LON:CBUY) up against more recognised and established players. Lot 6 however, is firmly in the reach of Cloudbuy (LON:CBUY). The aim here is to provide staff and services for those that need via an e-marketplace. cloudBuy is already doing this with other authorities and hopefully (for shareholders) this framework will open up a larger market for the company.

Have a great day all.

David O'Hara
Editor, AIM Prospector

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