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Take Profits H&T Group (HAT)

Close H&T Group (HAT) at market (638p)

We’re closing our position in H&T Group following the announced takeover by US-listed FirstCash Holdings, which has agreed to acquire the company for a final cash offer of 650p per share, plus an 11p final dividend. The offer values H&T at approximately £297 million and gives shareholders a clear exit at a strong premium. With the current share price sitting just below the offer at 638p, we’re securing a profit slightly above 50% from our original entry.

While we continue to back the long-term prospects of the combined business, the deal terms are final and unlikely to be improved unless a rival bidder emerges. With the upside now largely priced in and completion not expected until the second half of 2025, we’re taking the opportunity to realise our gains and move on to the next opportunity.

Profit = 51.3%

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