Ramsdens Share Discussion Threads

[elsa7878] 29/4/2024 23:02

No. It's a sell and several buyers have bought it up, including me who bought some.
Edit: the trade was directors exercising their options. Oh...how nice to get shares for nowt!

[lammylover] 29/4/2024 08:35

Yes, I know its a sell. But of course it's also a buy. Someone has bought a load at 185p which hopefully puts a floor under the price and if the overhang has cleared, we may finally move back up again to over 200p..

[elsa7878] 27/4/2024 21:36

No - that was a sell hence the price weakness. Now cleared and we should return back above 200p.

[lammylover] 26/4/2024 17:30

Decent volume here today; including a late declared sell (buy) at 185p of 181,650 shares.

[hpcg] 26/4/2024 14:53

No company can fight flows, or at least the only way to do that is with buybacks. The opportunities from UK money leaving its local market have been remarkable and profitable.

[lammylover] 26/4/2024 13:46

Milkwood blocked Downing from selling their RFX holding in their Micro Fund; and rather bizarrely Downing are now adding RFX to their new IHT fund...
Looks like there is another seller somewhere...probably forced due to private investors withdrawing monies from a fund.
Crazy, with AIM stocks being massively undervalued, and RFX being one of the most solid stocks out there. Any sensible PI would be filling their boots at this level!

[riverman77] 26/4/2024 13:16

Do we know if Downing are still selling or are they now out?

[lammylover] 26/4/2024 12:53

Clearly there has been a large seller for months - either dropping 10k blocks or several smaller blocks in very quick succession. Makes absolutely no sense at all as these are dirt cheap at this level. I keep expecting a Holding RNS to confirm that the seller is out....
I guess all we can do is keep topping up at stupid, daft cheap prices!

[riverman77] 26/4/2024 12:22

Rather strange drop over last few days given wider market strength in UK equities, and further gains in its nearest peer HAT. Added a few as looking absurdly cheap once again.

[ntv] 12/4/2024 08:25

Gold price must be helping margins

[tudes100] 11/4/2024 05:18

At FY results IMC presentation CEO said FX transactions were still 20% down vs pre-covid. They've been able to maintain GP via the increase in margin on each transaction but direction of travel for cash use is obvious.

[solarno lopez] 10/4/2024 21:19

Gold price helping

[tp6] 10/4/2024 15:28

Starting to wake up. Picked up some $ currency from local Ramsdens branch last week. Manager said Forex is still very busy despite people using card. Some of the supermarkets have shut their Forex bureaux and they are picking up the slack.

[cravencottage] 13/3/2024 21:01

Couldn't agree more Tole

This is one of ST's picks from the IC and i'm sure he'll be putting in his two penneth in sooner rather than later..

A good divi too

[tole] 13/3/2024 18:16

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

[riverman77] 13/3/2024 13:43

HAT and RFX are actually quite different. HAT mainly pawnbroking and I would perhaps use book value here. Pawnbroking makes up a much smaller part of RFX business. Most of their business is more like retail, not just jewellery but also the foreign currency side.

[rimau1] 13/3/2024 13:22

That view really makes no sense to me Riverman, i think RFX make a quarter of their profits from retail jewellery. I value them both as pawnbrokers and diversified financial services (which incidentally gets a higher rating than high street retail). They are surely sector peers. Just my simple view why HAT shot up and RFX is flat. I agree to disagree!!!!

[riverman77] 13/3/2024 12:56

RFX is more like a retailer in many respects so don't think I would value by book value. I would use an earnings multiple and on this basis looks very cheap and has lagged HAT recently.

[rimau1] 13/3/2024 12:31

Simple explanation. HAT derated 15% below TBV pre results whilst RFX trades at a premium to TBV.

[masher69] 13/3/2024 12:25

H&T up strongly in recent days while RFX languishes. Hopefully soon.

[lammylover] 13/3/2024 10:56

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..

[lammylover] 11/3/2024 08:45

Very bullish update. We just need more volume of buyers to clear the Downing fund overhang....

[gleach23] 11/3/2024 08:41

Yes a good update which ought to support the share price from these levels. Interesting that they issued one with the AGM - it's the first time I can see that they've done this so obviously keen to get the message out.

[rcturner2] 11/3/2024 08:06

Decent update from Ramsdens this morning.