Ramsdens Share Discussion Threads

[tp6] 07/6/2023 13:39

Quietly expanding in the south east, no debt, sensibly run, picking up bits of market share. 300p + later in the year....

[hpcg] 07/6/2023 13:03

I agree, trading this is very difficult. I think it is possible to go temporarily overweight at the trend line and reduce ones basis. It is the trend line itself that makes this a very comfortable hold and accumulate. Needless to say it is worth buying now - if it wasn't it wouldn't be worth holding. On what IC2 wrote, there may have been purchases from the beginning at 2020 that exit now they are in the money on a price basis. I would think a lot of that has happened already, and around the 200 level. Volume charts show the pandemic selling was really where people exited so I would think more selling would come from holders trimming. The trend line is shallower given the risk free rate, but it should handily beat short term cash and thus keep outperforming.

[hazl] 07/6/2023 12:26

It's been on an upward trajectory for quite a long time!
So doubt there are any 'stale bulls'.
Any sold will likely be profit takers.


However, with the continuing profits and upbeat note about the future, those that can probably see continued upside!

Again dividend does well to keep sentiment going between announcements.


IMO

[farnesbarnes] 07/6/2023 12:20

Why would bulls sell at resistance? It’s hardly a tradable stock with its spread. Even if you had a crystal ball and nailed the tops and bottoms of this ascending triangle, you’ll be +/- zero after costs. The base depth of the triangle is the shorter term trading target, but then you’ll potentially miss an outlier. Nonetheless, 300p seems reasonable for the short term.

[interceptor2] 07/6/2023 11:20

Very nice interims today, 243p is historical resistance from 2020, so suspect there will be some stale bulls selling today after a long wait, once these sellers are done then we should move higher imo.

[hazl] 07/6/2023 11:06

I suspect there will be more press coverage.

It's the best it's looked for ages.
And where else do you put the money in these difficult times?

[yump] 07/6/2023 09:34

This is overdue a proper breakout. FY profits flagged at the earlier trading statement.

Imo only the overall market thats holding it back and 300p plus is realistic. If its growing at 15% then In the good old days, would expect a minimum of a p/e of 15 to bring it to a reasonable level.

Growth stock plus decent dividend is not easy to find and never was.

Brokers are safety first idiots. TP 350p. If it reaches that I’ll apply for an analysts job.

[se81] 07/6/2023 08:37

From liberum this morning- a hugely detailed note with some comparison to HAT- worth getting your hands on if you can

"30%+ revenue growth across key divisions in H1 is no
mean feat. The combination of strength in the existing store
network and better than expected new store performance
sees us raise estimates for a fifth time in just 12 months. We
get into the weeds of pawnbroking accounting,
benchmarking Ramsdens versus H&T. We conclude that,
while both are great businesses, Ramsdens’ more
transparent loan book, diversified revenues, and higher
return on equity deserve a relative premium. Ramsdens is
trading on only 10x P/E, with the market still failing to price
in upgrades ahead of time. BUY, TP up from 280p to 290p"

[hazl] 07/6/2023 08:26

Strong growth for pawnbroker and jeweller Ramsdens as record profits expected.




High street jeweller and pawnbroker Ramsdens says it is on track for record results after half year profits grew 68%.

The Teesside-based name, which now runs 158 shops across the country, told investors that pre-tax profits jumped from £2.2m to £3.7m in the six months to the end of March as gross revenue was boosted 33% to £39m. Behind the growth were increased jewellery sales - both instore and online - of £17.3m, up from £13.1m and a 29% rise in pawnbroking lending to £9.7m.

Ramsdens said the new appetite for loans came from existing and new customers - making for record lending in January and March this year. The firm said the continued squeeze on household finances would lead to continued demand for small borrowings throughout the rest of the year.

Read more: Timpson hails record results as profits surge 'way beyond our expectations'

Across its new and second hand jewellery business, the firm said it had invested in TV, SEO and pay-per-click advertising to drive interest. There had been growth in premium watch sales and December was said to have seen record performance.

[hazl] 07/6/2023 08:08

Peter Kenyon, Chief Executive, commented:

"We are pleased to report an excellent performance in the first half of the year which was achieved by strong trading across all our key income streams. This momentum puts us on course to deliver record profits for the Group in the current financial year.

We are successfully executing against our long-held strategic priorities. We are focused on driving organic growth by delivering ongoing continuous improvements to our operations, expanding the store estate and investing in our online offering. In addition, we are continuing to seek and appraise attractive consolidation opportunities in what remains a highly fragmented market.

With our diversified income streams, strong brand and growing customer base, we are highly confident in the Group's growth prospects for the coming years, thereby enabling us to create significant value for all stakeholders."
S

[hazl] 07/6/2023 07:52

-- A dedicated website for currency services will launch in June 2023, strengthening the Group's e-commerce proposition

-- The Group acquired a small independent pawnbroker and jeweller in Bexleyheath for consideration of GBP0.3m in April 2023

[18bt] 07/6/2023 07:18

Yes v pleased with those results, YE forecasts should be increased. Forecast PER less than 10x and div yield should be c4.5% if that increase is carried through to final. Plenty of room for further growth with both cost of living and demand for holidays increasing.

[hazl] 07/6/2023 07:09

Very pleased with those results.
And increased dividend.

[doobz] 06/6/2023 14:47

Breaking out now, expecting more upside here now

[hazl] 06/6/2023 14:08

Back in April they were suggesting TP of 280p so if interims are good then what then ?

[asagi] 06/6/2023 10:32

I don't know if anyone else has but I tried out their service.

not spent any money with them but I do regularly look at their website. It does seem slightly larger than the H&T site, with Ramsdens having 600 Rolex watches for sale versus H&Ts 500.

I prefer Ramsden's website.

Results tomorrow.

Asagi (long RFX)

[hazl] 06/6/2023 09:19

Will just add that it was just the UT trade from last night
that allows them to mark it down first thing, in my opinion.

Seem to be buys only, so far today, to me.

IMO

[hazl] 06/6/2023 07:41

I don't know if anyone else has but I tried out their service.
Bought a couple of vintage rings.

The service was very good and I was pleased with the items.
Haven't sold anything though.
Thought it would be interesting to see what goes up most, the gold or the shares!
Let's hope the results are good.

Good to see the board so active.

Can go back into hibernation now.

8-)

[bigal47] 02/6/2023 16:04

Yes gsw, bit bemused earlier in the week seeing sizeable sells with June 7 in view, but momentum seems to be building now.

[gswredland] 02/6/2023 14:01

Buying in ahead of June 7th...

[gswredland] 19/5/2023 16:35

Let's hope so

[doobz] 19/5/2023 16:33

Should crack the highs next week, looks great

[solarno lopez] 19/5/2023 15:07

A nice end to the week

[hpcg] 12/5/2023 10:07

Tudes100 - the London market is slowly dying. The best we can hope for is more takeovers so that equity capital can become more concentrated.