Ramsdens Share Discussion Threads

[saurish] 14/10/2020 08:04

Wow, nearly half of the market cap of the company is cash. FX revenue down as anticipated but to come out of the lockdown with a profit approximately 28% down like for like and a 45% increase in cash is a great result.

[nw99] 14/10/2020 08:03

Amazing opportunity to buy

[tommyharris] 14/10/2020 07:50

Wow...cash has grown to £16m! That's almost half the current market cap alone

[lammylover] 14/10/2020 07:48

Positive update IMO

Profit before tax for 18 month period is £9m. Results to end March 2020 showed £8m pre tax profit, so assume £1m profit for last 6 months whilst shops were shut for 4 months and also FX revenue only at 30% of normal.

Also cash in bank at £16M compared to March when RNS flagged up that Ramsdens had £10m in bank. Customers paying back loans during lockdown is good news.

Overall, looks like the BOD have managed situation pretty well

Expecting share price to pick up this morning on the news

Good luck all holders
Rich

[nw99] 14/10/2020 07:42

A good update

[peddlers] 12/10/2020 15:31

it's not doing much is it.
Ive had a buy order in for 111 all day.

[peddlers] 11/10/2020 19:13

Hi guys,

I’ve had my eye on Ramsdens for about 3 months.
I am tempted to buy.
I will wait to see what the share price is doing by late afternoon.
The trading update this week is a bit of a gamble right enough

P

[gleach23] 08/10/2020 18:12

Nice 50k trade @ 111.4p reported after the bell

[jamessmith23] 08/10/2020 13:03

Balance sheet looks strong and would expect decent support at £1 so will probably buy in at that point as think this is now oversold.

[lammylover] 08/10/2020 11:40

Directors need to get a trade statement out here, as share price will keep drifting down each day on no news. Bid now 106p and no doubt some panicked private investors will sell on fear that something is wrong.
However just low volume and no news, so MMs walking price down and keeping spread large.

Good luck all holders - last thing I saw was that RFX have £10m cash and its a canny team of accountants who run this firm

Rich

[death by donut] 06/10/2020 17:02

UT at 111p! Thats cheating shoorly !DbD :-)

[mighunter] 06/10/2020 12:27

Excellent, thanks for letting us know

[prettygreen] 06/10/2020 11:32

Emailed investor relations "on or about 14th October"

[death by donut] 05/10/2020 16:02

Update soon?DbD

[wanttowin] 01/10/2020 18:26

Yes heartening to hear a positive spin here, this is a good company with great management imho.

[nw99] 01/10/2020 17:45

Good post thank you

[jamessmith23] 01/10/2020 15:19

If the virus is spreading in homes the gov doesn't just write everything off indoors and say no problem, the more the virus spreads the more likely they are to impose stricter rules unfortunately, and for a longer period as well.

[wanttowin] 01/10/2020 13:00

Grrr, not the best timing for my top up, but solace in the fact I am here for the long haul..

[red ninja] 01/10/2020 11:22

Well the virus is spreading indoors with families meeting so at the moment no real need to close shops. No real evidence of shop transmission being a problem.

Can't see the government wanting to boot the retail sector and wider economy either.

[jamessmith23] 01/10/2020 11:11

Further lockdown would really impact this share unfortunately, it has already lost a lot of GP from the lack of fx services, if the UK goes into another lockdown and either shops close or people aren't using them, then I could see this going down to sub £1. They should be able to use their strong balance sheet and spare cash to support the business, but realistically it looks like there is going to be fairly significantly reduction in profitability in this area for the foreseeable and you would only hold as a very long term value option. I could be wrong but I don't see any catalysts for the share price here in the right direction, partly because all those that are out of work are continuing to receive support from the gov and that doesn't seem to be going away anytime soon.A well run business which I would look to hold again at some point, but in a badly hit sector and although its could be attractive in the future, I don't see the use of holding for the slow drift down.

[wanttowin] 29/9/2020 10:58

added a few today @123.4...

[gleach23] 25/9/2020 20:05

Likewise...am watching. Quite a nice share to trade. Hopefully we'll get a pre-close trading update for the 18 months ended 30.09.20 in the next couple of weeks.

[cravencottage] 25/9/2020 18:06

GL

Cheers..

This is starting to look attractive..

I hold no position but expect this to bounce significantly at some stage.

[gleach23] 25/9/2020 14:17

37% of Gross Profit according to Simon Thompson's article on 28th May this year. I think that would be for 12 months to 31.03.20