Ramsdens Share Discussion Threads

[essential] 20/7/2018 08:09

Yump - I use scsw and Stockopedia for my analysis so I would have to say expert judgement!!

[igoe104] 20/7/2018 07:49

folks don't stop pawning in gold because the gold price has dropped 15% or so, they are usually desperate people, so sell when cash is needed. they continue to open more stories, Halifax being the latest one. and have over 12 million in the bank.

[spob] 20/7/2018 07:40

Bought back a first unit yesterday @ 163p

previously stopped out at 188p

will buy more if it falls low enough

[muzmanoz] 20/7/2018 07:27

Good one opodio, as can be seen from other threads there is nothing honest about your opinion.

[opodio] 20/7/2018 06:57

125 p short term based on downgrade due to gold imho

[yump] 20/7/2018 00:00

pireric

Is this a word association game ?

In which case I say 'irrelevant'.

I suppose I'd better give a reason, unlike you.

Its irrelevant because the effect on RFX depends on how they are managing their expectation of the future gold price movement, not on the actual price itself.

[yump] 19/7/2018 23:58

essential

Was your 30% luck or judgement that's the question ? I'm not saying its either, but you yourself need to know.

[pireric] 19/7/2018 20:01

Gold price

[riverman77] 19/7/2018 17:41

If you adjust for cash this is on a earnings multiple of around 7.5, which seems insanely low for quality, growing business. I personally don't care about day to day movements, if anything it is an opportunity to top up - happy to come back in a few years when this should be meaningfully higher.

[essential] 19/7/2018 17:03

Yump I have made 30% in 3 months - if that is selling low and buying high I'll settle for that. Momentum gone but will return - like I say it's a good company

[yump] 19/7/2018 15:58

You don't say.

There have been 5 near term down trends and 4 uptrends since 210p so the significance is mild at best. The drop out of the general uptrend was the time to sell and that was several near term down trends ago.

There must be a lot of people who sell low and buy high by the look of posts on ADVFN.

[essential] 19/7/2018 14:00

Sold out today. I like the company but near term trend is down

[battlebus2] 19/7/2018 11:35

Articles 12 and 13 for further discussion and vote 🤔

[rp19] 19/7/2018 11:08

Lammylover - Hudson Sandler are their PR people and have responded to me (briefly) before.

[yump] 19/7/2018 11:02

As far as I can see the forecasts are for around 16p earnings, which is little or no growth, so perhaps its just reverting the the 'usual' p/e of 10. Nice but a bit rich at 200p+ if you were expecting growth.

Perhaps directors thought the same having had their shares much lower - the dividend is a bit irrelevant to them compared to the capital gain.

RFX might be a share that's not a growth story, but is not big enough yet to get the funds chasing the dividend.

[lammylover] 19/7/2018 10:41

Hi RP, thanks for the response. I have dropped the IR and CFO an email flagging up that most AIM companies put out a trading statement on the morning of an AGM, even if its just "trading in line" and also an RNS on the afternoon, with details of voting. Have also flagged up that share price is now 25% below year high price (despite decent final dividend hike to 4.4p) and said this is down to PI concerns about large Director sells and poor communication. I am tempted to buy more at 162p hoping for a bounce...

In terms of the voting resolutions; it looks like the additions to this years AGM are for the Directors to raise money by issuing new shares for refinancing / acquisition. This wasn't on last years document. I would think that the fund managers will be concerned about dilution and what the BOD plan next; seeing as they sold a lot of shares with no reason given...

Just my thoughts, for what they are worth! Rich

[rp19] 19/7/2018 10:01

Last year they never provided a Trading/AGM update so they are consistent! One would have been nice though given the recent Director sales and price weakness. Similarly, I am a little unsure on the significance of resolutions 12 and 13.

[lammylover] 19/7/2018 09:47

Dropped IR an email as concerned by lack of notification about AGM. Surprisingly (pure coincidence, I'm sure) it popped up 10 mins later. All resolutions passed apart from 12 and 13, which I have to admit, I don't fully understand...Any advice on these which are due to be discussed further / agreed at a subsequent meeting on 27th July. The other concern is that there was no pre AGM statement with brief note about company performance to date.....Not sure if RFX just do things their ow way, or is this a red flag?? Thoughts welcome, Rich

[lammylover] 18/7/2018 20:39

According to RFX Investors Centre, the AGM should have been today...?

[yump] 18/7/2018 17:21

(a) Where is the actual evidence of people staying in the UK ? So its been hot. How many people have cancelled ? How many people were going to book say in Sept/Oct and now haven't because they think the hot weather will last until then.

As far as I can guess, the only people that are relevant to the argument are those who book last minute - as in a couple of weeks before.

So are there enough of them to drop the FX rates enough to hit FX firms ?

(b) the gold price has been up and down for at least 2 years, so its only if you think there's the start of a long downward trend, that RFX are at risk. That of course depends on their average acquistion price.

[stevegrass777] 18/7/2018 17:02

I do agree, but anything safe like gold if being dumped in favour of more risky assets like shares, and I think this company might be a good hedge (with its gold holding) against a fall in shares, although these will go lower in a crash once a clamber for gold sets in RFX gold assets will be worth much more.
I'm keeping these at the moment although I don't have a big % of money in here.
The FX trade could be down quite a bit because of people staying in the UK, but it will recover.

[shanklin] 18/7/2018 16:20

I suspect RFX is a decently run company but I am concerned by:
- the staycation trend persisting as reflected in the share price of companies such as OTB and TCG, and hitting RFX's FX business
- the declining gold price.

Hence sold my RFX shares a few days ago, at a manageable loss.

I hope for all continuing holders that I am proved wrong.

[michaeljames1] 11/7/2018 08:40

H&T taking a beating atm but not coming through to RFX, any explanations?