Ramsdens Share Discussion Threads

[qs99] 25/10/2019 13:45

Gold motoring again

[qs99] 24/10/2019 08:22

that may be what was holding it back last week. Hope we can push through £2.10 this week

[tudes100] 23/10/2019 02:55

Downing trimming a few

[qs99] 22/10/2019 08:42

Thanks, nudging ahead again...

[saurish] 21/10/2019 19:25

Strong close on high volume and new highs. Hopefully we can maintain the momentum going forward.

[yump] 21/10/2019 16:31

Arguably the range top is around 210p, so officially a breakout if it sustains 10% above that. If it obeys chart 'rules' it might go 220, then drop back before rising again. Unless the bots take over, then its anybody's guess.

[qs99] 21/10/2019 16:27

I'll take that as a breakout then...

[qs99] 21/10/2019 10:44

Well there goes £2, good stuff.....onwards and upwards IMO!

[qs99] 21/10/2019 10:03

hopefully make it through £2

[basem1] 21/10/2019 08:23

Seller cleared after late volume on Friday ?

[spob] 17/10/2019 08:18

net cash better than net debt

[kazoom] 17/10/2019 07:54

Net cash is simply cash minus debt. It does not infer in itself that it is "surplus" to the business.

[saurish] 16/10/2019 19:39

You're welcome. The business is very lucrative at current price, hope the other market participants think similarly and it breaks 200p soon. DYOR

[scobak] 16/10/2019 17:26

No,thank you for your explanation. I stand both corrected and wiser.

[saurish] 16/10/2019 06:47

Scobak,In its annual report for year ending 31st March 2019, company clearly states that the net assets are £30.9 million out of which £13.4 million is cash (stock like tesco as you refer). However, £8.2 million is net cash, which is cash surplus and not part of the stock. This is the figure that IC has used for its calculations and come to 26p net cash. If you believe this is incorrect kindly provide some details.

[scobak] 15/10/2019 14:06

I do not agree with IC on this. The cash is not surplus to the business. It is stock in trade as currency dealers In the same way that say Tesco have goods for sale on their shelves. You would not strip out the value of goods for resale from them. IC are being far too simplistic in their calculations. Either that or they fail to understand the business.

[yump] 14/10/2019 15:49

This should be on a p/e of 15 imo.

[podgyted] 14/10/2019 13:57

ST rated as a strong buy in Investors Chronicle today - as you can see at 12:00.

[pol123] 13/10/2019 19:41

Mail, has provided nothing new regards info, a shallow article with a positive slant
2 years of growth penciled in plus a fast growing online business. 4% yield and growth in a "soon" to be recession based economy. Doh, thats when pawn brokers trade excels. In addition we are a lot cheaper than HAT, who also carry dept, plenty to like here

FYB

[optastic] 13/10/2019 19:28

Good update, shows just how solid a business this is. I expect this to continue its gentle rise, onwards and upwards

[saurish] 13/10/2019 13:27

https://www.thisismoney.co.uk/money/investing/article-7565861/amp/MIDAS-SHARE-TIPS-UPDATE-Ramsdens-shares-rise-pawn-shops-sell-jewels-sparkle.html?__twitter_impression=true

[bookbroker] 13/10/2019 12:50

Very negative, suggests upside limited!

[solooiler] 13/10/2019 10:18

Doesn't really sound that positive...

"Ramsdens’ product range and ambition may continue to shield the business from some of the problems affecting the high street. But, with economic conditions weakening, shareholders have a right to feel cautious.

Having enjoyed a 17 per cent increase in the share price since last year, they may choose to sell half their stock and bank some gains. They can then keep the rest and hope that Kenyon continues to deliver."