||EPS - Basic
||Market Cap (m)
|Ramsdens Daily Update: Ramsdens Holdings is listed in the General Financial sector of the London Stock Exchange with ticker RFX. The last closing price for Ramsdens was 110p.|
Ramsdens Holdings has a 4 week average price of 103p and a 12 week average price of 89p.
The 1 year high share price is 121.50p while the 1 year low share price is currently 89p.
There are currently 30,837,653 shares in issue and the average daily traded volume is 152,700 shares. The market capitalisation of Ramsdens Holdings is £36,234,242.28.
|glasshalfull: Firstly can I thank battlebus for flagging last week. Suffice to say I’ve taken a position.
Recently more commentary on share price movements than the actual business on this thread, but I will say the order book has been reloaded a few times in recent days with 35k going onto the book as soon as it clears. I've cleared quite a bit but don't know how much further the seller has to go.
Looks like a few other esteemed investors have kicked the tyres and also see value here ;-)
I like the diversified nature of the business, 700,000 customers across 4 core businesses, with each business offering a decent revenue split & mitigating risk. The recent trading update was the clincher for me, with trading comfortably ahead of management expectations.
Only time for a quick summary. I’ll update the thread further as/when time permits & in response to any develoments.
Liberum initiated coverage on Ramsdens earlier in April & said,
"Ramsdens is one of the UK's largest retailers offering FX, pawnbroking, precious metals purchasing and jewellery retailing to a high repeat and growing customer base.
The business looks set to deliver a 30% CAGR in Adj. PBT (2014-2019F). We see considerable scope to grow the store portfolio both organically and by acquisition and to improve efficiency and profitability as the estate grows and matures. We initiate with a TP of 149p, 34% upside."
Following the “ahead” statement on 11.04.2017 Liberum upgraded EPS & adj PBT by +13% this year & by +2% next year.
EPS is forecast to rise from 5.8p in 2016 to 10.0p this year for 72% earnings growth.
Don’t think many investors are aware of forecasts, so here goes,
Adj PBT £3.8m
Div 1.3p (only partial payout due to timing of IPO)
Adj PBT £4.5m
EPS 11.7p (+17%)
Div 6.5p (5.9% yield @110p mid)
Adj PBT £5m
EPS 13p (+11%)
Div 7.1p (6.5% yield)
With a business model that produces strong cash generation, Liberum are also forecasting net cash of £9.6m at end of FY17 which will grow by a significant £6m in the following 2 years, providing estimates of £15.6m by end of FY19.
When you factor in the highly cash generative nature of Ramsden’s & the progressive dividend policy that will result in an almost 6% dividend yield next year, RFX appears a good risk/reward investment at the current price IMHO.
One to tuck away, me thinks ;-)
|responsible lad: hi double6,
I see you have bought in since the price has ticked up a little.
I hope you mm's do not make a share price fall, because of what you read from a BB, like someone ramping.|
Ramsdens share price data is direct from the London Stock Exchange