Ramsdens Share Discussion Threads

[rivaldo] 07/10/2019 09:06

Liberum retain their Buy and 248p target:

[kazoom] 07/10/2019 08:53

Don't think they will buy any of the A&B shops - they are closed and the customers have gone to H&T.

They'll probably be looking at small chains or independents.

[yump] 07/10/2019 08:06

Looks like it could be a significantly larger business in a few years. Relatively simple model. As long as they acquire carefully.

[topvest] 07/10/2019 07:59

A good update, albeit not quite as positive as H&T in my view. Maybe foreign exchange is down a bit, as not mentioned? Overall, happy to hold and sounds like they might buy some A&B shops as well.

[qs99] 07/10/2019 07:40

let's see how market reacts, but this should really be through £2 IMO

[cwa1] 07/10/2019 07:25

Lovely :-)

[qs99] 07/10/2019 07:22

Yes Riv I agree. Nice update, GP of £600k hopefully should drop through to some nice cash returns, results to be in line....lots to play for. Let's hope for reflection of all this in the divi.....DYOR

[rivaldo] 07/10/2019 07:14

A pleasing H1 update today.

Nicely in line, and in addition a bonus £600,000 profit on sale of gold jewellery. Plus the Money Shop stores are performing well, RFX should benefit from the collapse of ABM, and there's confidence in the H2 outlook.

And there's a hint of more acquisitions too:

[spob] 05/10/2019 19:45

HAT might buy RFX one day

[zebbo] 05/10/2019 14:53

I have been building a position and continue to do so. Can be tricky buying anything more than 10k. Hoping to get another 50 if we stay under £2. Great defensive qualities in this environment. We can also take a lead from HAT. Looks like RFX has been left behind. If Nov/Dec results hit the spot we could be heading North of £2.50

[optastic] 05/10/2019 11:17

I dont expect any update until the EO Nov, when interims are announced

[spob] 05/10/2019 07:59

been in most of the time since the float, over two years ago

[qs99] 04/10/2019 10:13

Anyone else in ahead of next week?

[qs99] 04/10/2019 09:56

trading update last year was on the 3rd....maybe today's tick up is ahead of a TU next week? DYOR

[saurish] 02/10/2019 05:58

I agree we are being overlooked, but for a reason. Reratings happen on facts and while HAT has published results with a update and acquisition news with a trading update, we have had no news coming out. So yes, we can hope and some of us be certain that the update will be solid but the fact remains that it is only an assumption until company makes it official, which should hopefully be soon.

[optastic] 01/10/2019 19:34

HAT should reflect well on RFX. We are currently being overlooked IMHO. I see a significant re rate on the horizon for RFX. Lets not forget we also have cash on the balance sheet not dept....

[spob] 30/9/2019 18:34

Harvey & Thompson RNS, just after the market closed today ...


Strong performance of the existing business

H&T continues to trade well and ahead of the board's expectations

the board believes that the business is trading ahead of expectations for the year

[qs99] 27/9/2019 14:23

Last year the update was early October.....DYOR

[yump] 27/9/2019 09:04

It’s almost a business that is naturally hedged, unless we hit an unusual situation where there is a big overseas travel slowdown plus gold price dropping. There were worries that a drop in travel to eu countries would cause a problem but as far as I can see the volume only moves by a few percent eg in our hot staycation year 2018.

Would be very surprised if the update isn’t a very good one

[rivaldo] 27/9/2019 08:30

Yep, great to see Naked Trader buying in here. For the record, here's what he says:



"We chatted pawnbrokers and compared H and T with Ramsdens. I made a decent sum on H and T already but am out now.

Ramsdens (RFX) looks the one to be in as it has net cash whereas H and T has some net debt.

With the support of net cash Ramsdens looks to be the better value. I have made some money on this one before and it seems to be very gently rising.

If things go pear shaped this one could even rise as gold would probably go up and I suppose more people will pawn their goods."

[edmate] 27/9/2019 08:20

Naked trader bought these in his update yesterday. Rates them...

[tudes100] 27/9/2019 05:55

Trading update last year on October 3rd

[tp6] 26/9/2019 12:43

Thomas cook had about 5% of the forex market especially high street walk in customers so an opportunity for ramsdens in towns with a thomas cook store.Thomas cook failure might knock the market a bit in the short term but it should secure things longer term by removing over capacity.

[rivaldo] 24/9/2019 10:01

RNS - Premier Fund Managers have been buying more. They now have over 8%, with 2.49m shares:

[qs99] 24/9/2019 09:25

agree, have topped up recently