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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ramsdens Holdings Plc | RFX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -5.00 | -2.60% | 187.50 | 10:22:36 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 192.50 | 187.00 | 192.50 | 192.50 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 15/01/2024 | Final | GBP | 0.071 | 15/02/2024 | 16/02/2024 | 22/03/2024 |
| 07/06/2023 | Interim | GBP | 0.033 | 07/09/2023 | 08/09/2023 | 06/10/2023 |
| 17/01/2023 | Final | GBP | 0.063 | 02/02/2023 | 03/02/2023 | 10/03/2023 |
| 08/06/2022 | Interim | GBP | 0.027 | 01/09/2022 | 02/09/2022 | 30/09/2022 |
| 18/01/2022 | Final | GBP | 0.012 | 03/02/2022 | 04/02/2022 | 10/03/2022 |
| 03/12/2019 | Interim | GBP | 0.027 | 16/01/2020 | 17/01/2020 | 20/02/2020 |
| 12/06/2019 | Final | GBP | 0.048 | 22/08/2019 | 23/08/2019 | 20/09/2019 |
| Top Posts |
|---|
Posted at 26/4/2024 13:46 by lammylover Milkwood blocked Downing from selling their RFX holding in their Micro Fund; and rather bizarrely Downing are now adding RFX to their new IHT fund...Looks like there is another seller somewhere...probably forced due to private investors withdrawing monies from a fund. Crazy, with AIM stocks being massively undervalued, and RFX being one of the most solid stocks out there. Any sensible PI would be filling their boots at this level! |
Posted at 13/3/2024 18:16 by tole https://masterinvest |
Posted at 13/3/2024 13:43 by riverman77 HAT and RFX are actually quite different. HAT mainly pawnbroking and I would perhaps use book value here. Pawnbroking makes up a much smaller part of RFX business. Most of their business is more like retail, not just jewellery but also the foreign currency side. |
Posted at 13/3/2024 13:22 by rimau1 That view really makes no sense to me Riverman, i think RFX make a quarter of their profits from retail jewellery. I value them both as pawnbrokers and diversified financial services (which incidentally gets a higher rating than high street retail). They are surely sector peers. Just my simple view why HAT shot up and RFX is flat. I agree to disagree!!!! |
Posted at 13/3/2024 10:56 by lammylover Spotted something interesting about Downing Funds:On the one hand they are closing down their Strategic Micro Cap Investment trust fund which included a declared 9.99% holding in RFX, but on the other hand they are inviting private investors to put funds into their AIM Estate Planning Service ISA in readiness for the new tax year. And yes, you've guessed it, this includes putting money back into RFX! One of the shares featured in their on line prospectus. I guess having sold off and driven down the share price of RFX over months to return capital to their old investors, they will then build a new holding in RFX pushing the share price back up for their new investors!! If I'm correct, its crazy stuff.. |
Posted at 27/2/2024 09:55 by hpcg The article tells you nothing about RFX. About all it does say is how Simon Thompson doesn't understand flows. He seems to think DSM could get more for its holding in RFX and others because he has higher target prices, when we know that the liquidation itself will depress prices. |
Posted at 26/2/2024 09:44 by lammylover BaseM1 - RFX has never been rated a "growth stock", although it has grown (revenue up 27% in last year) and will continue to grow, albeit slightly slower!The key metrics here are: Market Capex at £1.80 = £56.97m Net cash = £5.039m Pre tax profit = £10.1m Dividend = 10.1p (5.6% yield) So if you were wealthy enough, you could buy this business, and it would pay for itself in about 5 years!!!! A screaming bargain - we just need to wait for the 2 funds who are selling / closing to clear their positions and share price will rise again. Unfortunately many Private Investors have sold their positions at rock bottom prices, due to fear that there is something amiss. The only risks here in my opinion are a) People no longer buying high end watches (we've seen this with WOSG), but we know people bought cheaper watches / jewellery instead. b) Higher energy costs (not coming down) and higher minimum wages - both recognised by the Board in their RNS updates. c) Gold price dropping if conflict in Gaza / Ukraine cease, hopefully. Against that there are loads of positives a) Demand for pawnbrokers b) RFX have added more shops including in S East and moved to better parts of towns when leases came up for renewal, for better footfall. c) More people travelling abroad should increase demand for FX d) No debt, profitable business with good dividend. I see this as the type of business that small investors will pile back into when the BoE drop base rate and banks / buildings societies drop savings account rates. |
Posted at 23/2/2024 09:39 by lammylover Personally I'm not keen on share buybacks. All they seem to do is allow sellers more liquidity to sell, and to improve the EPS for the Directors to get better bonuses. They hardly ever seem to improve the share price.I'd much rather have special dividends, if there is cash to spare or pay off debt where companies have debt (obviously not the case with RFX) As I've said before, its just a waiting game. When joe public sees the UK economy improving and bank interest rates start to drop as base rate falls, they will return to shares looking for better returns. |
Posted at 23/2/2024 09:16 by hpcg Lammylover, riverman - I agree. We had a snap shot of almost current trading a month ago, and it chimed with other things we know in the market, for example watches struggling. There isn't hidden information that someone in the market knows. On the other hand we do know that micro cap funds are closing and the likes of Nvidia are absorbing a huge amount of investment capital from around the world. This being the case cash generating, dividend paying companies will need to alter their returns model, reduce the dividend and divert some to share buybacks. |
Posted at 15/1/2024 14:33 by jdh1602 Simon Thomson, Investors' Chronicle, just now..."It means that Ramsdens’ shares are rated on a lowly price/earnings (PE) ratio of 8.5, offer a prospective dividend yield of 5.4 per cent and trade on 1.3 times book value despite boasting a heavily asset-rich balance sheet. That’s a low rating for a company that has just delivered a post-tax return on equity of 17 per cent. It’s worth flagging that Ramsdens is forecast to deliver growth even after absorbing the 10 per cent increase in the national living wage in May 2024 and £0.4mn higher energy costs this year, a reflection of the strength in its underlying businesses." |
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