Ramsdens Share Discussion Threads

[yump] 06/6/2019 16:15

As far as I can make out from Googling, overall overseas holidays are up a bit. EU may be down, rest of world up.

Quite which sites have the definitive data, I'm not sure.

[riverman77] 06/6/2019 12:36

I like Ramsdens but half of their profits come from fx. I'm slightly wary about this, given the recent weak updates from the likes of easyJet and other holiday companies.

[scobak] 06/6/2019 12:03

The copious amounts of cash on the balance sheet is largely stock in trade for the currency exchange side of the business with the remainder earmarked for growth.
It is not distributable as such.

[cravencottage] 05/6/2019 18:07

On a P/E of around 10 and copious amounts of cash on the balance sheet this is well undervalued imo……..Not to mention Simon Thompson in the investors chronicle has tipped these in the past and will continue to do so post results which are scheduled one week from now..

[essentialinvestor] 05/6/2019 15:05

Gold price helping?, Might be a nice results move here.

[pillion] 05/6/2019 12:23

Ramsdens will announce its FY19 financial results on 12(th) June 2019.

[rawnsley] 28/5/2019 11:12

"UK residents spent £45.4 billion on visits overseas in 2018, which was 1% more than in 2017."



2018 data from ONS

[rawnsley] 28/5/2019 10:23

This goes from strength to strength. I agree with paleje, it looks like a no brainer and a great buy.

Summer holidays do look like they will be low again this year, however last year was exceptional, so I'm hoping even a poor holiday season will still outperform last year industry wide.

The exceptional could become the norm though with rising global temperatures.

[cwa1] 28/5/2019 08:20

Liberum appear to have touched their target price up a few coppers this morning from 241p to 248p:-

28 May Ramsdens Holdings Plc Liberum Capital Buy 169.50 241.00 248.00 Reiterates

[paleje] 28/5/2019 07:47

Looks like good business to me so 0.5m will produce 0.3m PBT in FY 2021.

[cwa1] 28/5/2019 07:11

28 May 2019

Ramsdens Holdings PLC

("Ramsdens", the "Group", the "Company")

Acquisition of additional four stores trading as The Money Shop and 12 loan books

Ramsdens, the diversified financial services provider and jewellery retailer, is pleased to announce the acquisition of four stores currently trading as The Money Shop and 12 loan books from Instant Cash Loans Limited (the "Acquisition") for a total consideration of GBP0.5m, which will be satisfied in cash. The purchase price includes the acquisition of GBP0.3m of pawnbroking loan book.

This announcement follows the Group's successful acquisition of 18 The Money Shop stores and five loan books from Instant Cash Loans Limited in March 2019, and supports the Group's stated growth strategy of expanding its presence across target regions in the UK. The Acquisition will also enable Ramsdens to further leverage the significant investments in brand, IT and people made in recent years. Following the Acquisition, Ramsdens now has 163 stores in the UK.

The acquired stores will be rebranded as Ramsdens over the coming weeks and the full breadth of the Group's customer proposition will be incorporated into the stores. As with the Group's previous acquisition announced in March, the Board believes that there are significant opportunities for Ramsdens to build upon the existing foreign exchange proposition in the acquired stores and to improve their performance through the expertise of the Group's management team.

The Board anticipates that in FY20 there will be a small contribution to PBT as the Group invests in integration costs including those relating to refits, rebranding, training and IT integration. It is expected that this acquisition will contribute approximately GBP0.3m to Group PBT in FY 2021.

As previously announced, Ramsdens will announce its FY19 financial results on 12(th) June 2019.

Peter Kenyon, CEO of Ramsdens, commented:

"Following our successful acquisition in March, I'm delighted to announce this acquisition which supports our growth plans. We have a proven track record of effectively integrating and improving the performance of acquired stores as we continue to capitalise on growth opportunities available to the Group as a leading operator in a highly fragmented market.

We welcome our new colleagues and customers to the Ramsdens community".

[igoe104] 24/5/2019 17:21

Results in a couple of weeks.

I popped in one of the new shops, which RFX have picked up from money shop, to pick up some Euros for the wife. the shop was fairly busy, and the assistant told me they have been busy the last few weeks. they still haven't got the jewellery up and running, (so at the moment its Fx and loans, cashing cheques etc,)but the assistant told me it will be fully up and running with-in a couple of weeks.

A lot of silly rumours going around on twitter from some so called experts,about RFX. because of a couple of travel agents TC, TUI, are struggling, some folks think nobody will be travelling aboard etc, What a load of rubbish. most people today book their own packages online, rather than go to travel agents.

A strengthening pound has contributed to higher Eurozone holiday bookings, which are up 167 per cent compared to this time last year according to data released by the foreign exchange specialist Fexco Corporate Payments.

[lammylover] 16/5/2019 16:49

Agree, this is due a re-rating. Watching level 2, its starting to show some bigger buys and spread is narrowing - always a good sign! Ready for take-off towards 200p in my opinion. Lets see! Rich

[rawnsley] 16/5/2019 10:22

£14m in cash as well, which is nearly 3x yearly profits, which pushes the PE down to 6 for 2019.

HAT are £140m turnover and only have £11m cash as well. Depending on how both companies allocate cash, and whether they include their jewellery as cash (melted down gold/silver) then we are significantly undervalued V peers and the wider market.

[rawnsley] 16/5/2019 10:16

Excellent video and company with a progressive growth strategy and strong defensive position should the market turn.

I keep wondering why this isn't moving upwards, infact it's going downwards. H&T seems to be at a similar PE level, however for us,, should the weather be less exceptional, we will receive a large bounce back on FX after taking a hit this year, yet still hitting the target which is incredibly reassuring.

Also, perhaps my northern roots, but a northern company fills me with more confidence that it isn't just stretching budgets to best cases, to hit over ambitious London centric yearly metrics, to keep institutions happy.

[meijiman] 14/5/2019 09:10

Got to say that the Downing guy doesn't come across as a drug taking criminal which is excellent as is the Ramsdens ceo.

[tomps2] 14/5/2019 08:39

Here it is!

A piworld video, with Peter Keynon, CEO, Ramsdens Holdings (LON:RFX) interviewed by James Lynch, Fund Manger of Downing Strategic Micro-Cap Trust.

Peter discusses the business areas, which makes the company very defensive. Their strategy for growth, both short term and long term. The cash generation, dividends and capital allocation. James summarises why Downing think it's an interesting company.

It's shot at the Middlesbrough branch, so you get a feel of a Ramsdens branch.

Enjoy! (It's about 20 mins.)

[cf456] 13/5/2019 09:17

"We have peter Kenyan CEO #Ramsdens, being interviewed by James Lynch, #Downing Fund Manager. Shot in #RFX Middlesbrough branch. Should be published next week."

[cwa1] 10/5/2019 10:13

Morning

Can anyone confirm if this one qualifies as BPR for IHT purposes?

Apologies for being lazy but I'd rather not re-invent the wheel if someone else has already done so!

Cheers

[igoe104] 10/5/2019 07:52

Good to see GHF buying back in.

Glasshalfull

RFX (Ramsdens)
*New Buy

bought back into RFX which delivered in spades for me in 2017. It’s on a FCF of 12% & S.R. 92

[gnome3] 10/5/2019 02:19

According to the club's website, Ramsdens signed a six figure deal for this current season with an option for a further year. Let's hope that the option for next season in the Premiership doesn't involve a seven figure deal!

[tudes100] 10/5/2019 01:57

email investor relations & find out, they're usually pretty quick responding

[lammylover] 09/5/2019 15:14

H! Does anyone know if Ramsdens are sponsoring Sheffield United next season? They were front of shirt sponsors for 18/19 season with option to extend for a second season. With SU back in the premier league, this would give RFX fabulous tv coverage and increase brand awareness....Rich