Ramsdens Share Discussion Threads

[tromso1] 15/1/2020 10:12

Keen buyers again this morning. 10k bought there at 260p.

Showing some strong momentum now.

[tromso1] 14/1/2020 17:24

Good to see the shares find a longer term holder.

[glaws2] 14/1/2020 16:53

Miton reduced - presumably Canaccord got them

[rivaldo] 14/1/2020 11:25

Canaccord are serious buyers - they now have 11.2% with 3.46m shares, so have bought another 160,000 shares between the 8th and 10th January:

[tromso1] 14/1/2020 10:23

Someone keen there. Paying above the quoted offer for 4k shares at 255.75p.

Clear demand for the shares at this level.

[rivaldo] 14/1/2020 09:20

Tipped last night on Master Investor with a 280p target:



"Ramsdens Holdings (LON:RFX) – strong trading ahead of expectations

As a result of strong trading across the business the board now expects the full year pre-tax profits to be comfortably ahead of market expectations.

Well, is that positive enough for you?

The diversified financial services provider and retailer enjoyed a great Christmas trading period.

This company is a fast-growing operator in four core business sectors – foreign currency exchange, pawnbroking loans, precious metals buying and selling, and the retailing of second hand and new jewellery.

It would normally announce its annual results in June – however that could well be brought forward – remember ‘good news always travels faster’.

As the shares close the week trading at 247p, after breaking my 2020 target price at 251p last Wednesday, I fancy them for a slip back and then another upwards run, perhaps to 280p or thereabouts.

The finals trading update is normally due in early April, leaving some ‘stock playing time’."

[rivaldo] 13/1/2020 15:03

Thanks again Tromso1.

[tromso1] 13/1/2020 14:19

rivaldo - 275p

"with the gold price on a tear, the upgrade cycle has further to run and I raise my target price to 275p. Buy."

As the story evolves I'd imagine it's likely that he will continue to further raise his target price.

[rivaldo] 13/1/2020 14:17

Another RNS - as well as Canaccord doubling their holding, Close Brothers have turned up with a 5.5% stake, i.e 1.69m shares, after buying a further 150,000 shares last week and crossing that 5% threshold:



Tromso1, cheers - what's Simon T's new target price?

[tromso1] 13/1/2020 12:20

Simon T update on RFX today with him rating the shares a BUY and raising his target price upwards.

[rivaldo] 13/1/2020 08:21

Canaccord have more than doubled their holding here - they now have 10.7% with 3.3m shares, up from 5.2%:

[lammylover] 10/1/2020 09:58

Ramsdens goes ex dividend on 16/1/20. Pays out 2.7p/share on 20/2/20. Lovely! Rich

[lammylover] 08/1/2020 15:18

Well RFX has hit my 250p target. I'm well pleased, but still have kept ALL my holding. Price may slip back a little with profit taking, but some good Investor Chronicle coverage should bring in some fresh money. Will continue to hold, with view of delivering 300p later in 2020. Rich

[rivaldo] 08/1/2020 14:03

It's also worth remembering that RFX have £12.3m and rising net cash, against the £76m m/cap, which reduces the ex-cash P/E even further.

[rivaldo] 08/1/2020 11:59

Liberum have raised their forecast to March'20 by 10% to 22.6p EPS.

They've also raised their target price by a skinflint 5p to 253p.

I assume this is a stopgap, cautious measure until the year end trading statement confirms the full extent of the outperformance.

Liberum have been noticeably behind the curve on other companies I hold (notably RNWH, where the quality of their research has been appalling) or watch. I suspect this is another stock where their target price will be exceeded and they will be forced to play catch-up later.

[yump] 08/1/2020 09:46

Should be on a higher rating, when you consider the dividend is covered 2x+ and its increasing by double digit figures, plus we've had a 'worried' economy for a few years and they're showing a very good increase in profits.

The only concern might be over quality/stability of earnings, but that is not borne out by the history of either increasing or stable profits, during a period which must have been quite difficult to manage at times. Plus in 2018 we had the staycation issue, but that didn't cause any major problem.

Perhaps one of those companies that just has a solid business model and very good management. That can accomplish a lot.

I'm holding on for at least 300p following upgrades and until there is a hiccup, it must be one of the best long-term possibilities that I've seen. Given the wild variations in many stock prices over the last few years it would be nice to stick this away and come back in say 5 years to find it a multiple of current price. No fireworks - just growth on the current trajectory.

[18bt] 08/1/2020 09:20

Decent share price response. Interesting to see what new forecasts are - it's the increase in overall Xmas trading I found most encouraging, but focus on the price of gold helps.

[lammylover] 08/1/2020 07:24

Great job Ramsdens! May even get to 250p today.....Rich

[nw99] 08/1/2020 07:24

Well ahead