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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
|
|
|---|---|---|---|---|
| 2.00 | 1.06% | 190.00 | 14:27:49 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 190.00 | 187.50 | 190.00 | 190.00 | 188.00 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| 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 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 10:01 by lammylover I don't think ST realises that Downing are selling "piecemeal" into any private investor buys, rather than in a block to another institutional investor.By the way our friendly fund has just dropped another 32,871 block at 171.55p.. It just seems never ending! As an aside, when does a Fund have to notify the market via RNS, that they have reduced their holding or sold it all? I thought normally Funds shows a gradual reduction in holdings using a number of RNS's - unless they sell all their holding in 1 block? |
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 11:47 by lammylover The Chancellor will address this in the Spring budget (6 March)in my view. He's got to fire up London again to stop firms being listed elsewhere and to restart IPOs that generate income for Bank, brokers, lawyers etc. We know the huge tax and wealth generated by the City for the UK economy, compared to the rest of the UK.I'm expecting either a cut on the stamp duty to buy shares to zero; and / or a "UK listed company ISA" that either allows you to put more in than £20K a year. This will get private investors putting money back into UK and AIM. He alternatively may cut the allowance for ISAs invested in firms listed outside London; lets face it why are we giving tax breaks for investors, investing away from the UK? |
Posted at 23/2/2024 07:26 by lammylover Absolutely 100% agree riverman - Same thing happened at MEGP, with Fidelity selling off their MEGP shares and driving down the share price 35%. Then results are published (exactly as per trading update and guidance a couple of months ago) and the share price lifts 20% in a day and everyone wants to buy in!The reality is that there are few private investors buying AIM at the moment, either haven't got cash; putting money into building societies paying 5% interest or just scared about UK economic climate. And that pretty sad really, as there are loads of absolute bargains to be found; great small companies producing record results, but unloved by the general public. Of course, once it becomes clear that the UK economy is growing again and the funds start to buy again, joe public will also get involved - but by then the bargains will have gone.. |
Posted at 22/2/2024 20:12 by riverman77 Possible but very much doubt it - don't assume the market knows everything and that every move has a rational explanation - certainly not in the UK small cap space. Far more likely it's due to a combination of forced selling from funds and panic selling from clueless private investors, and not enough buyers able to mop it up. The fact is there are very few natural buyers of UK small caps in the current environment. |
Posted at 15/1/2024 19:20 by lammylover Covered by The Times today as well as by Investors Chronicle. |
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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