Frontier Smart Technologies – “pleased to announce… Board Transition, Refinancing and Strategy”… but still trading turnaround needed
Gulf Marine Services – from late May “improving pipeline of opportunities” to now “disappointed to reset guidance for 2019”!
Tom Winnifrith Bonus Bearcast for Roger Lawson: your post Burford proposals are largely unwise & would be, largely, counter productive
Brady – from end-May “new sales pipeline is building” to now “revenue from new customers forecasted will not materialise during fiscal 2019”!
I’ve argued previously that H&T (HAT) was a great way to buy into a classic financial business with sound management and the added bonus of a positive gold price correlation. This morning, the company announced interim results which will see me continuing to hold on to my position.
Yesterday, I explained why I think gold-bugs should pay closer attention to the pawnbroking sector, and mentioned that H&T Pawnbrokers (HAT) is currently more than 20% of my stock portfolio. Today, I’ll take a look at the trading update which H&T released on Thursday, and see if the investment case still stands up.
Full disclosure: I am a gold-bug. I love gold. And I think the economic doom-mongers like Peter Schiff make fantastic arguments for a radically higher gold price. We are in uncharted monetary territory which threatens the fundamental integrity of our paper currencies. But I also know that investing on the basis of an impending apocalypse means betting on something that has never happened before. History tells us that stock markets and most of their constituents tend to survive wars, disasters, economic collapse, etc.
Search ShareProphets |
Recent Comments |