To be honest, I haven't looked at it again since publishing the post last year. I research a business for my own investment purposes and then publish my thoughts. If I dismiss it on qualitative grounds, I tend not to waste any more time on it. That doesn't mean that it isn't right for someone else, but for me there are better places for my money to be put to work.
I have recently been in correspondence with the CEO and CFO or H&T. I have added their responses to the body of this article at the bottom of the section titled "The Bad". I have also changed the conclusion titled, "Is H&T Group Plc A Good Investment?" to reflect their feedback.
Thanks for the article. Curious if your view on the stock has changed given the recent sales growth despite a decline in share price.
Unfortunately, capital allocation remains unchanged but upside looks more compelling with a better macro backdrop.
To be honest, I haven't looked at it again since publishing the post last year. I research a business for my own investment purposes and then publish my thoughts. If I dismiss it on qualitative grounds, I tend not to waste any more time on it. That doesn't mean that it isn't right for someone else, but for me there are better places for my money to be put to work.
I have recently been in correspondence with the CEO and CFO or H&T. I have added their responses to the body of this article at the bottom of the section titled "The Bad". I have also changed the conclusion titled, "Is H&T Group Plc A Good Investment?" to reflect their feedback.