Ramsdens Share Discussion Threads

[bigbigdave] 14/6/2018 12:03

The seller who it appears we knew the identity of all along may be be done!

[cheshire man] 14/6/2018 11:58

Good to see us moving up today :-)

[pireric] 13/6/2018 20:56

Sorry not looking for red flags at all, just more obscure info/general flags

[rp19] 13/6/2018 20:51

Not really sure if that is a specific flag. It's a fact and they've highlighted it.

[pireric] 13/6/2018 20:01

Just reading the release to look for hidden flags:

"It should be noted that in FY18 the Group benefited from two pre-Easter holiday periods whereas there will not be one in FY19 due to the late Easter in 2019."

[yump] 13/6/2018 13:46

I bought a chunk here a year or so ago for the dividend and some growth as its still quite small - hopefully to forget about now they have some breadth to the business.

Difficult to know if the retail problems work for or against them or just cancel out.

Without being too non-PC, I guess their target retail market are more likely to be walking around towns than most ?

[glasshalfull] 12/6/2018 12:48

yump - that made me chuckle!

Cheers
GHF

[glasshalfull] 12/6/2018 12:47

Afternoon guys,

Quite correct Puffet, I’ve sold 50% of my holding at c.200p for a 74% gain. It was my largest holding by a distance & simply prudent portfolio management. I plan to hold the remainder...so any further selling ain’t me.

I was happy with the results & outlook & believe Liberum’s 17.0p earnings target will prove conservative. That said, I’m also mindful that RFX are up against strong comparators in FX & the well publicised implosion of the High Street could also impact...both favourable & negatively.

Favourably... as units/stores available for a fraction of the costs. Negatively...but perhaps lower footfall in branches???

So, overall still positive. V well managed company.

All IMHO

Kind regards
GHF

[yump] 12/6/2018 12:21

Yes Glasshalfull - well known for buying one month and selling a couple later.
Not.

What we need is simply time. If its growing earnings steadily, the share price will most likely rise steadily. Gamblers best look elsewhere imo.

[puffet] 12/6/2018 11:53

The seller is glasshalful he is overexposed %age wise so trimming his holding and taking profits. Can't blame him and hopefully he will be clear soon.

[lammylover] 12/6/2018 11:46

10k seller back today, unfortunately. Need some positive comments and buy rating in Investors Chronicle this Friday to get some more buyers and get this moving again...

[wanttowin] 11/6/2018 16:21

Agreed Lammy, certainly a persistent seller off loading 10k chunks.
Be nice to see the back of them !

[pireric] 10/6/2018 11:25

Just done a quick scan of currency rates:
RFX: 1GBP buys me 1.118EUR
Thomas Cook: 1 : 1.114
Debenhams: 1 : 1.120
H&T: 1 : 1.120
Tesco: 1 : 1.116

Small sample, but best off going to Debenhams/H&T, then Ramsdens, then Tesco then Thomas Cook. Most offer the usual lark of instore, click and collect. Any ideas whats driving their big increases in FX revenue? Doesn't look like it's based on having any real competitive edge, so is it a function of increased # of outlets/online growth?

[igoe104] 10/6/2018 09:50

I feel obliged to get my euros from RFX even though there isn't one in my town centre,( with having a large holding now) ive got a cricket trip to Swansea, in a couple of weeks so ill make sure I will buy a good 1k worth of euros from the local Ramesdens on route.

[pireric] 09/6/2018 23:02

My big kickback here is, what's really going to drive a rerating? HAT has been on a PE of around 10 for a very long time and pretty much the direct peer to comp against. Doing some work on this, will post anything of interest +ve or -ve.

[xajorkith] 09/6/2018 22:09

Broker forecasts updated on Stockopedia now, showing 17p this year & 18.5p next.

Cautious numbers but should be viewed against last year's June forecast (13p), which was upgraded 25% come September.

No guarantee this will be repeated of course, but with net cash equivalent to 40p RFX currently sits on an ex-cash, rolling PE of just over 9.

Seems pretty good value if you ask me.

[igoe104] 09/6/2018 10:30

These small-cap growth stocks still feel like the market's best kept secrets. But for how long?




Pawnbroker, jeweller and foreign exchange specialist Ramsdens Holdings(LSE: RFX) was my top pick for 2018. Based on today's full-year results and the market's reaction to them, this looks to have been one of my better calls.
Reporting "continued growth across all business segments" this morning, group revenue at the small-cap rose 16% to just under £40m over the 12 months to the end of March.
The diversified firm's Foreign Currency Exchange and Retail divisions were the standout performers, with revenue growing 26% (to £11.3m) and 35% (to £8m), respectively. That said, the pawnbroking arm continues to tick along nicely with revenue here rising 14% to £7m. Precious metals revenue rose by a single percentage point to just under £11m.
The most interesting number to catch my eye, however, was the 242% increase in online jewellery sales over the reporting period. This, combined with the 117% rise in its Click & Collect currency exchange service, is further evidence that Ramsden's focus on building its IT infrastructure and digital presence is really starting to reap benefits.
Speaking of which, underlying pre-tax profit soared by 60% to £6.5m, compared to the £4m achieved in the previous financial year.
Based on the 16.3p earnings per share achieved in 2017/18, Ramsdens is currently trading on a trailing price-to-earnings (P/E) ratio of just under 12. That still looks very reasonable considering the company also had a net cash position of £12.7m at the end of March, compared to £9.5m in the previous year. Aside from the value on offer, income hunters should also be encouraged by the 400%+ rise in the (easily covered) dividend from 1.3p to 6.6p.
Ramsdens might not shoot the lights out in terms of share price performance but, as a gentle grower in a market where many companies continue to over-promise and under-deliver, I believe it remains an excellent candidate for small-cap-focused portfolios

[onjohn] 08/6/2018 22:18

Forecasts look very anaemic

[villarich] 08/6/2018 08:18

Clear sailing this morning too. That seller is long gone

[igoe104] 08/6/2018 08:14

I can only see these going over £3 plus over the next 12 months, I love the passion from Peter Kenyon.

[gorse] 07/6/2018 20:24

Glad I topped up in the morning.

[cheshire man] 07/6/2018 19:54

Let's hope so Puffet,,,nice finish :-)

[puffet] 07/6/2018 16:46

Looks like the seller is cleared.

[villarich] 07/6/2018 16:09

She's awoken! Lovely move this afternoon