Ramsdens Share Discussion Threads

[lammylover] 13/9/2018 21:26

RC - good decision and you got them for a nice price, 163,5p I believe. Great work - these will soon be north of 170p again in my opinion. Rich

[rcturner2] 13/9/2018 08:16

I have bought 15k shares this am.

I like Simon Thompson and this share is also featured in the IC's Piotroski screen from last week's issue.

[lammylover] 12/9/2018 12:08

Downing Growth Fund increase holding of RFX from 14.97% up to 15.02%. Mopping up the shares sold for less than 160p from PIs...….Looks like they know the value of this share! Rich

[lammylover] 11/9/2018 16:34

FFS - Why do PIs keep selling their shares at 158/160p? I see it day after day, where the market makers slam the price down on a few small sells and then as soon as they pick up some shares, sell them onto other PIs at 164/165p. Then in a couple of weeks, share will be tipped again by Investors Chronicle and bounce back into the 170p's. This share has value, it just needs a bit of patience and we get to push back to 200p plus, in my view! HOLD Rich

[igoe104] 04/9/2018 09:24

Two more shops were opened last month, in Preston and Whitehaven.

[rawnsley] 01/9/2018 12:12

Very comprehensive article

[yupawiese2010] 31/8/2018 14:46

Sharescope article.

[igoe104] 23/8/2018 15:46

Ex Divi today, Kristini.

[kristini2] 23/8/2018 15:17

it'll drop tomorrow having gone ex dividend- hopefully back over £2 again by year end though

[lammylover] 20/8/2018 15:02

Now 179p ask, 174p bid. Good work Simon Thompson (Investors Chronicle) in recommending these as a buy. Goes ex dividend on 23/8/18 for 4.4p/share. Enjoy!

[yump] 16/8/2018 18:20

ST seems to make a very rational case there.

Perhaps the sellers were all southern shandy drinkers, thinking that the world centres around London and the City, so if there's a heatwave there, it applies to everyone....

Can I say that nowadays ? Afraid PC not my strong point ;-)

[lammylover] 16/8/2018 15:58

Good decision to buy some more, Rawnsley! RFX up 3.9% as of now (173 ask, 170 bid) and may well go higher when tomorrow's Investor Chronicle magazine comes out and ST reiterates his buy tip. Mind you, some will sell into the rise. Personally I'm holding and expecting 200p plus. Agree with you that it will probably take a good set of results at next RNS to get this firmly back on track though. Good luck all holders, Rich

[rawnsley] 16/8/2018 11:59

I've just added again.

Very depressed share with sub 10 PE on a 10%+ growth stock with a dividend.

Looks very oversold, but I'm sure it will need a positive announcement to change the trajectory.

[lammylover] 15/8/2018 16:46

Nice rise yesterday following ST's tip in the Investors Chronicle website to BUY RAMSDENS (RFX)!

What I don't understand is why people are still selling today at around 163p when there is 30% price upside still to be had (year high is 215p/share )and dividend of 4.4p shortly.

Surely if you were going to sell, you would at least wait till Friday when the IC magazine comes out and ST's tip to buy should create another surge of buyers?

Just my thoughts, for what they are worth! Rich

[pillion] 14/8/2018 14:06

Thanks Igoe and Lammy

[opodio] 14/8/2018 13:04

Peel Hunt: bidders may loom for depressed Spire shares
Spire Healthcare (SPI) shares are at an all-time low after a profit warning, which Peel Hunt says could prompt a bid for the company.
Analyst Miles Dixon placed his recommendation ‘under review’ but retained his target price of 278p on the shares, which were trading at 161.1p yesterday

[igoe104] 14/8/2018 13:02

There has been a bout of profit taking at Middlesbrough-based Ramsdens (RFX:158p), a diversified financial services company, after three directors sold 3 per cent of the share capital. However, they still have decent holdings including chief executive Peter Kenyon who retains a 3.5 per cent stake.
To put the valuation into perspective, strip out Ramsdens’ net funds of 41p a share and it is being valued on seven times historic earnings per share. The final payout of 4.4p a share has yet to go ex-dividend, too. Add that to a 7.1p a share likely payout for the current financial year and you can expect a 7.3 per cent return in the next 13 months from dividends alone.
Sterling weakness is worth considering. It has been on the slide since April. That’s good news for Ramsdens’ highly competitive foreign currency arm, which accounts for 40 per cent of gross profit. True, a higher level of UK staycations could dampen demand, but given the customer base’s northern bias, and the fact that the heatwave didn’t really start until mid-June, so well after when most holiday bookings are made, I don’t think this is a major factor. Also, the 4 per cent drop in the sterling gold price since mid-June is hardly going to dampen demand for pawnbroking services, a quarter of gross profits.
So, having suggested buying at 132p ('A jewel in the north', 12 Jun 2017) and remained positive at the annual results ('Ramsdens upgrades yet again', 11 Jun 2018), I see a repeat buying opportunity in the oversold shares. Buy.

[lammylover] 14/8/2018 12:15

Tipped this morning by Simon Thompson of IC!

[lammylover] 14/8/2018 12:06

Finally moving back up. Is this on the back of H&T results today or is it tipped somewhere? Rich

[yump] 30/7/2018 12:50

Be interesting to see what they report in due course wrt FX. Presumably some last minute bookers won't have booked holidays, but now everyone has been reminded that our weather cannot be relied upon ! 32C down to 22C in a day or so.

Our son went off to the seaside with some mates for a few days, hoping to bathe in 30C and that turned out to be very bad timing.

The only sure thing is that if you book last minute to the Med, you can actually rely on decent temperatures.

[yump] 23/7/2018 09:25

The gold price has actually gone sideways for at least a year and I would have thought is an increasingly good hedge against the stock market falling.

Also given the number of shares that have obviously changed hands, including those in the placing in December, it wouldn't surprise me if a few are sloshing around looking for a home, rather than being held firmly.

[spob] 20/7/2018 11:07

Sharelockholmes is good and only £60 per year

[muffster] 20/7/2018 08:15

Stocko is my screener. Best one I've found. Still like RFX and just see the chart as a sell but the fundamentals as a buy. Latest thoughts on there... margins and ROCE are both decent and rising while cash generation allows for a well-covered 4% yield. FY results showed earnings up by 60%, on sales growth of 16%.