AIM Prospector morning thoughts (HAT, CBUY)

Tuesday, Aug 19 2014 by
4

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

Unlock this article instantly by logging into your account

Don’t have an account? Register for free and we’ll get out your way

Disclaimer:  

Blackthorn Focus, publishers of AIM Prospector, may have enjoyed past, or seek future, commercial relationships with companies featured.

Do you like this Post?
Yes
No
5 thumbs up
1 thumb down
Share this post with friends



H&T Group plc is a non-trading holding company. The Company provides a range of simple and accessible financial products tailored for a customer base, which has limited access to, or is excluded from, the traditional banking and finance sector. Its segments include Pawnbroking, which is engaged in providing secured loans against collateral (the pledge); Gold Purchasing, which is involved in buying Jewelry directly from customers through its stores; Retail, which is involved in retail sales of gold and jewelry, and the retail sales are forfeited items from the pawnbroking pledge book or refurbished items from its gold purchasing operations; Pawnbroking Scrap, which comprises various other proceeds from gold scrap sales other than those reported within Gold Purchasing; Personal Loans, which comprises income from its unsecured lending activities, and Other Services, which comprises third party check encashment, buyback, prepaid debit card product and foreign exchange currency services. more »

LSE Price
334p
Change
2.0%
Mkt Cap (£m)
130.1
P/E (fwd)
9.1
Yield (fwd)
3.6

cloudBuy plc is a provider of an integrated software platform for e-procurement and e-commerce for the trading of goods and services between purchasers, such as public sector bodies and their suppliers, along with the analysis and coding of spend and product data. The Company's operating segments include Company Formation Services, Web and ecommerce services and Coding International Limited. It also provides services to new businesses, including incorporation, company secretary services and filing annual returns, using its software platform. Its solutions include e-commerce Marketplaces, e-commerce Websites, Purchasing Portals, SpendInsight and Company formations. SpendInsight service provides regular analysis of any company's historical spend data. It offers a range of Website packages from templated solutions to Intranets and global business-to-business (B2B) e-commerce sites. The cloudBuy platform enables rapid extension of its solutions and development of new applications. more »

LSE Price
1.98p
Change
 
Mkt Cap (£m)
2.6
P/E (fwd)
n/a
Yield (fwd)
n/a



  Is LON:HAT fundamentally strong or weak? Find out More »


1 Post on this Thread show/hide all

Boltonreddave 19th Aug '14 1 of 1

Nice to see that you have started your own morning reports. I look forward to reading them.

Dave

| Link | Share

Please subscribe to submit a comment






Stock Picking Tutorial Centre



Let’s get you setup so you get the most out of our service
Done, Let's add some stocks
Brilliant - You've created a folio! Now let's add some stocks to it.

  • Apple (AAPL)

  • Shell (RDSA)

  • Twitter (TWTR)

  • Volkswagon AG (VOK)

  • McDonalds (MCD)

  • Vodafone (VOD)

  • Barratt Homes (BDEV)

  • Microsoft (MSFT)

  • Tesco (TSCO)
Save and show me my analysis