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RFX Ramsdens Holdings Plc

192.50
-5.00 (-2.53%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ramsdens Holdings Plc LSE:RFX London Ordinary Share GB00BDR6V192 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  -5.00 -2.53% 192.50 57,795 12:38:35
Bid Price Offer Price High Price Low Price Open Price
190.00 195.00 197.50 192.50 197.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 83.81M 7.76M 0.2451 7.85 60.91M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:34:03 O 20,501 198.50 GBX

Ramsdens (RFX) Latest News

Ramsdens (RFX) Discussions and Chat

Ramsdens Forums and Chat

Date Time Title Posts
12/4/202408:25*** Ramsdens ***2,429
08/10/201911:04Where will this one stop.82

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Ramsdens (RFX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-24 16:34:03198.5020,50140,694.49O
2024-04-24 15:19:15190.001222.80O
2024-04-24 15:12:04194.901427.29O
2024-04-24 14:42:11191.00500955.00O
2024-04-24 13:33:01195.0010,00019,500.00O

Ramsdens (RFX) Top Chat Posts

Top Posts
Posted at 24/4/2024 09:20 by Ramsdens Daily Update
Ramsdens Holdings Plc is listed in the Finance Services sector of the London Stock Exchange with ticker RFX. The last closing price for Ramsdens was 197.50p.
Ramsdens currently has 31,643,207 shares in issue. The market capitalisation of Ramsdens is £60,913,173.
Ramsdens has a price to earnings ratio (PE ratio) of 7.85.
This morning RFX shares opened at 197.50p
Posted at 13/3/2024 18:16 by tole
https://masterinvestor.co.uk/equities/small-cap-catch-up-aml-cury-rfx-and-fnx/Ramsdens Holdings (LON:RFX) – Confidence InspiringA good positive AGM Trading Update was given on Monday by this FX, pawnbroking, precious metals and jewellery specialist.The Middlesbrough-based group, which has 167 stores across the country, informed investors that its trading for the first five months of the current year had remained strong and up to expectations.Having recently secured a new £15m revolving credit facility with the Bank of Scotland, the group's Board remains highly confident in its continued growth prospects and its expectations for the current financial year.Analysts James Allen and Nick Anderson at Liberum Capital have a Buy rating on the group's shares, looking for 290p in due course.For the year to end September 2024 they estimate £89m (£84m) of sales, generating £10.5m (£10.1m) profits, earnings of 24.0p (24.0p) easily covering a dividend of 11.0p (10.4p) per share.The analysts are looking forward to the £60m valued group declaring its next Trading Update in April.The shares, which closed at 190p, offer very strong upside potential for medium-term investors
Posted at 13/3/2024 10:56 by lammylover
Spotted something interesting about Downing Funds:
On the one hand they are closing down their Strategic Micro Cap Investment trust fund which included a declared 9.99% holding in RFX, but on the other hand they are inviting private investors to put funds into their AIM Estate Planning Service ISA in readiness for the new tax year.

And yes, you've guessed it, this includes putting money back into RFX! One of the shares featured in their on line prospectus.

I guess having sold off and driven down the share price of RFX over months to return capital to their old investors, they will then build a new holding in RFX pushing the share price back up for their new investors!!

If I'm correct, its crazy stuff..
Posted at 07/3/2024 07:23 by lammylover
Tuesday and Wednesday were both quiet days - less than 40,000 shares traded per day. Spread tight as well and not that many shares available to buy. No big sells or selling into any buys..

Big seller out? or just taking a few days off? or allowing share price to pick up a tad before dumping more?? Time will tell..
Posted at 27/2/2024 09:55 by hpcg
The article tells you nothing about RFX. About all it does say is how Simon Thompson doesn't understand flows. He seems to think DSM could get more for its holding in RFX and others because he has higher target prices, when we know that the liquidation itself will depress prices.
Posted at 26/2/2024 09:44 by lammylover
BaseM1 - RFX has never been rated a "growth stock", although it has grown (revenue up 27% in last year) and will continue to grow, albeit slightly slower!

The key metrics here are:

Market Capex at £1.80 = £56.97m
Net cash = £5.039m
Pre tax profit = £10.1m
Dividend = 10.1p (5.6% yield)

So if you were wealthy enough, you could buy this business, and it would pay for itself in about 5 years!!!!

A screaming bargain - we just need to wait for the 2 funds who are selling / closing to clear their positions and share price will rise again. Unfortunately many Private Investors have sold their positions at rock bottom prices, due to fear that there is something amiss.

The only risks here in my opinion are
a) People no longer buying high end watches (we've seen this with WOSG), but we know people bought cheaper watches / jewellery instead.
b) Higher energy costs (not coming down) and higher minimum wages - both recognised by the Board in their RNS updates.
c) Gold price dropping if conflict in Gaza / Ukraine cease, hopefully.

Against that there are loads of positives
a) Demand for pawnbrokers
b) RFX have added more shops including in S East and moved to better parts of towns when leases came up for renewal, for better footfall.
c) More people travelling abroad should increase demand for FX
d) No debt, profitable business with good dividend. I see this as the type of business that small investors will pile back into when the BoE drop base rate and banks / buildings societies drop savings account rates.
Posted at 23/2/2024 09:39 by lammylover
Personally I'm not keen on share buybacks. All they seem to do is allow sellers more liquidity to sell, and to improve the EPS for the Directors to get better bonuses. They hardly ever seem to improve the share price.

I'd much rather have special dividends, if there is cash to spare or pay off debt where companies have debt (obviously not the case with RFX)

As I've said before, its just a waiting game. When joe public sees the UK economy improving and bank interest rates start to drop as base rate falls, they will return to shares looking for better returns.
Posted at 23/2/2024 07:26 by lammylover
Absolutely 100% agree riverman - Same thing happened at MEGP, with Fidelity selling off their MEGP shares and driving down the share price 35%. Then results are published (exactly as per trading update and guidance a couple of months ago) and the share price lifts 20% in a day and everyone wants to buy in!

The reality is that there are few private investors buying AIM at the moment, either haven't got cash; putting money into building societies paying 5% interest or just scared about UK economic climate.

And that pretty sad really, as there are loads of absolute bargains to be found; great small companies producing record results, but unloved by the general public.

Of course, once it becomes clear that the UK economy is growing again and the funds start to buy again, joe public will also get involved - but by then the bargains will have gone..
Posted at 19/2/2024 12:12 by lammylover
427,830 shares gone through at 186p
I'm expecting to see Holding RNS soon that big seller is out..
Share price should recover then.
Posted at 12/1/2024 11:57 by lammylover
RFX share price at 212p is a screaming buy. However private investors and funds seem in short supply at the moment. I'm expecting an excellent update on Monday and hopefully some media coverage to bring the buyers back!
Posted at 07/10/2023 07:32 by lammylover
Thanks tole for useful information.

Clearly there is an anomaly here with the share price v value of business based on excellent results.

So what's it going to take to get price up to a realistic level? My thoughts:

a) Broker upgrade and / tipsters like Simon Thompson at Investors Chronicle or Midas etc in the main stream media (Mail, Times, Telegraph) telling readers that share price is an anomaly and massively undervalued. Rate a "screaming buy"!!

b) Institutional investors buying more.

Now here's the weird part - I've been back through the Holding RNSs and the last 6 are declarations that funds have reduced slightly.

Otus Capital have reduced 12.31% to 10.94%; Downing Trust have reduced 10.37% to 9.99%; Close Asset Management 11.17% to 10.99%; Dartington 6.05% to 3.56%.

Now it may just be Funds taking some profit; trimming positions slightly etc in a gloomy market for shares when people can get 5% on deposit accounts..

However by selling some blocks, its more shares in free circulation; i.e. more potentially that can be traded and not in "sticky hands". So just a few more PIs selling each day (as they need cash for day to day living expenses etc, can drive price down hard)

Conclusion - We clearly we could do with another fund buying to show support for the business at the current level and reduce the free float of shares.
Ramsdens share price data is direct from the London Stock Exchange

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