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
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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/

 

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mt@hardmanandco.com

 

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About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report.



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End of Announcement - EQS News Service

1952491  23-Jul-2024 

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