Ramsdens Share Discussion Threads

[nick_dunton] 18/11/2019 08:35

Contagien from H&T?

[yump] 18/11/2019 08:32

Or not ;-) !!

[yump] 17/11/2019 17:29

Finishing on a high makes a jump this week quite likely imo.

[lammylover] 17/11/2019 11:46

Nice to see this breaking through 210p. Going to hold onto mine looking for 250p+ next year. Well run outfit in my opinion and like the up to date and engaging twitter feed. Rich

[rivaldo] 08/11/2019 07:20

Nice tip overnight for RFX here, with a 250p target:



"Ramsdens Holdings – these shares could easily redeem themselves
By Mark Watson-Mitchell 07 November 2019"

Here's the conclusion:

"This group has a very good cash generation. It has a well-invested branch network, backed up by a good IT system. Importantly it also has a large, growing and high-repeat customer base, and to my mind that all adds up to a very attractive business and investment model.

Brokers Liberum Capital currently have a ‘buy’ rating on the shares, looking for 248p. I would agree with their view and, with the shares now at 204p, I set my target price at a rounded 250p by the end of next year."

[rivaldo] 30/10/2019 09:41

That's good - perhaps not much stock around then.

[glaws2] 30/10/2019 09:20

My tiny buy shifted the price !

[rivaldo] 30/10/2019 09:17

Great to see new recent highs now - approaching the all-time highs too.

[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.