Ramsdens Share Discussion Threads

[jsforum] 28/6/2020 22:08

The AGM on the 6th July should provide clarity

[2bluelynn] 28/6/2020 16:36

Thanks for response . I wonder if we get a big drop tomorrow 1st thing MMakers might drop it ,interesting to see what happens It isn't the best news to be fair . Good luck for us holders

[death by donut] 28/6/2020 10:21

Well hopefully good news for those in less fortunate positions.DbD

[egrid1] 28/6/2020 09:40

Whilst the FCA does not protect funds, the update on Ramsdens website suggests the funds must be held (under FCA rules) in safeguarding accounts, and that Ramsdens have received confirmation that this has been done.



From the FCA website:

Is there a chance I won’t get my money back? What is safeguarding?
Safeguarding is a key consumer protection measure within the EMRs and the PSRs. The purpose of safeguarding is to protect and return customer money if a firm was to fail.

Wirecard is required under the EMRs to maintain appropriate measures to safeguard customers money. It does this by holding it separate from its own money in accounts with banks (or another credit institution). Effective safeguarding arrangements are critical to help ensure that customers’ money is protected and returned if a firm fails. Adequate safeguarding arrangements which are compliant with the regulatory requirements are a condition of Wirecard’s ongoing FCA authorisation.

[death by donut] 28/6/2020 09:05

Stand to be corrected of course and dyor.DbD - I hold

[death by donut] 28/6/2020 09:03

FCA website says no regarding this story apparently?Are my funds protected by FSCS?No. The Financial Services Compensation Scheme (FSCS) only applies to certain types of activity which does not include issuing electronic money or payment services.  

[jsforum] 27/6/2020 23:39

Doubtful as bank accounts up to £85k are protected

[2bluelynn] 27/6/2020 15:13

I see the Ramadan's currency cards have been frozen on euro card due the holding company going into liquidation on Friday any one have a vue on this tanking Monday due to it .? My fair Fx card also frozen presume same on their shares ? Only thoughts

[nw99] 26/6/2020 17:16

Looks good

[jeff h] 21/6/2020 16:33

Spain back open to Brits so maybe all not lost with Forex arm of the business.

[rawnsley] 21/6/2020 16:13

The market is not focusing on YR21 P/E as the ultimate price decider, as YR22 is offering 100% EPS growth for 2022 v 21, so it has to factor in that level of bounce back, which is why we are around 35% down rather than 60%. Probably fair value at the moment. Kicking myself I missed buying the dip!

[yump] 17/6/2020 08:54

If rfx is a good longer term investment, then perhaps the prudent approach might be to keep spare cash to buy when the results come out - I’d be surprised if there isn’t a dip.

Longer term it seems a well balanced business once travel recovers. Originally I bought in to hold for a long time but the strength of having fx benefit from good times and pawn from bad has been messed up for the time being.

[egrid1] 15/6/2020 14:50

Forex may have been at low margins - and may well have stimulated footfall. However that footfall will now be lost, and FX represented about a third of gross profits.
To make up the third of gross profits lost, the other parts of the business will need to increase by 50%.

[jsforum] 15/6/2020 14:21

The Forex was at low margin to stimulate footfall. Increased demand for secured loans should offset this substantially

[yump] 09/6/2020 08:51

I know, I've been here since they came to market, so I have long horizons, while a company looks like its growing profits/eps. Sold out a big chunk on the rebound, of what was going to be a long term hold, because I think they're going to show a big hit on FX for this year.

I just can't see how 10p earnings can justify a rating of 20, when its maximum rating has only been 250p/20p, which took a long time coming.

Don't know what the analysts are on frankly.

[boystown] 09/6/2020 07:45

It depends on your horizons; mine aren't a single year. Normalised EPS for the last five years starting with 2016 were: 5.34p, 10.27p, 15.7p, 16.2p, 20.8p.

[yump] 08/6/2020 23:31

£2 would be a p/e of 20 with negative eps growth. Can't say I've ever seen that in my life. Looking ahead beyond that is not easy.

A lot of shares halved and have now regained 50%, which I believe is just very quick traders taking an opportunity.

Now comes the reality of seeing what 'hit' they all take from covid and whether that's going to last for a while get. imo that will give another round of buying opportunities for businesses that have not been mangled and which will recover by sometime next year.

[boystown] 08/6/2020 20:55

No. Broker price targets are 231p - average. "The 2 analysts offering 12 month price targets for Ramsdens Holdings PLC have a median target of 231.00, with a high estimate of 300.00 and a low estimate of 162.00. The median estimate represents a 51.97% increase from the last price of 152.00."


But the far more insightful Simon Thompson says: "Although management guidance has been withdrawn, Liberum Capital has made a stab at forecasts, predicting a pre-tax profit of £3.9m and EPS of 9.8p in the 2021 financial year. I think that’s way too conservative for multiple reasons."

Personally, I'd be happy to sell around £2.

[arshadte] 08/6/2020 20:30

Is that a broker target ?

[boystown] 08/6/2020 20:28

210p for me; seems reasonable.

[arshadte] 08/6/2020 20:19

Whats the price target here ?

[qs99] 08/6/2020 12:32

been tipped again?

[nw99] 08/6/2020 09:01

Laggard buy here