Share Name Share Symbol Market Type Share ISIN Share Description
Ramsdens Holdings LSE:RFX London Ordinary Share GB00BDR6V192 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.50p -1.32% 187.50p 185.00p 190.00p 190.00p 187.50p 190.00p 2,332,198 14:31:30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 39.9 6.3 16.3 11.5 57.82

Ramsdens Share Discussion Threads

Showing 776 to 799 of 800 messages
Chat Pages: 32  31  30  29  28  27  26  25  24  23  22  21  Older
DateSubjectAuthorDiscuss
21/6/2018
13:51
just added 1500 on this dip
wanttowin
18/6/2018
20:48
Seems a nice little company here. Happy to hold.
topvest
18/6/2018
17:05
Surely got to break through 200p shortly? 175k buys today, 10k sells and MMs dropped price at the end of the day. Got to still be a big seller out there or an overhang to clear in my view. Hopefully clear shortly and we will be ready to move on up (as Curtis Mayfield said!) gla holders Rich
lammylover
17/6/2018
09:07
IC Comment. Ramsdens upgrades yet again Simon Thompson Middlesbrough-based Ramsdens (RFX:197p), a diversified and fast-growing financial services company, joined London’s junior market early last year, and has been posting a series of earnings beats ever since. To put the upgrade cycle into perspective, when I suggested buying the shares, at 132p ('A jewel in the north', 12 Jun 2017), analyst Justin Bates at Liberum Capital predicted the company would deliver pre-tax profit of £4.8m and EPS of 12.6p in the financial year to the end of March 2018. He subsequently upgraded his estimates twice last autumn to £6.23m and 16.2p, respectively. In the event, Ramsdens increased pre-tax profit by 56 per cent to £6.31m and delivered EPS of 16.4p, up from £4m and 10.1p in the 2017 financial year. The fivefold rise in the payout to 6.6p a share was better than I had expected and is supported by a bumper operating cash inflow of £5.5m, which boosted closing net funds by a third to £12.7m, a sum worth 41p a share. This provides the directors ample capital to finance a planned store roll-out programme of 10 new stores this year at an average cash cost of £220,000 each. A 30-month payback period for their investment highlights the high returns to be made. The cash pile also offers firepower for the directors to make small bolt-on acquisitions on the pawnbroking side of the business, with a view to cross-selling Ramsdens' full product range in the acquired businesses. It makes sense to do so in light of the success the company is enjoying. Specific profit drivers A key driver behind this stellar organic growth story has been the company’s highly competitive foreign currency arm, which exchanged £483m-worth of currency, up from £408m in the previous financial year, for 687,000 retail customers. Total commission rose by more than a quarter to £11.3m to account for 40 per cent of the company’s total gross profit of £28.3m, partly reflecting the 13 per cent growth in transactions but also a focus on margin pricing, with Ramsdens increasing its cut from 2.2 per cent to 2.33 per cent per transaction. There was also a strong contribution from the company’s pawnbroking operation, which has 34,000 customers and raised its loan book by 8 per cent to £6.4m. Interest income increased at even faster rate, up 14 per cent to £7m to account for 25 per cent of Ramsdens’ gross profits, reflecting higher lending on jewellery. The company has been able to do so because it has been scaling up its jewellery retail operations by cross-selling to its 800,000 customers through the 131 store network and increasing its online presence. The jewellery retail business increased revenues by more than a third to £8m and lifted gross profits by a quarter to £4.1m. Value on offer Admittedly, investors are cottoning onto the ongoing growth story, which is why the company’s share price is up 46 per cent in the past year. However, there is still value on offer as net of cash on the balance sheet the shares are still only rated on nine times Liberum’s conservative looking upgraded EPS estimates of 17p for the new financial year. They also offer a prospective dividend yield of 3.6 per cent based on a payout of 7.1p a share. So, having last advised buying the shares at 185p ahead of the full-year results (‘Riding earnings momentum, 16 April 2018), I feel a new target of 225p a share is warranted to value the equity at £69.5m and give the company an enterprise value of £56m net of cash, or seven times annual cash profits. Moreover, even if my target is achieved it still represents a ratings discount to rival H&T (HAT:351p), which is rated on eight times this year’s likely cash profits to enterprise value. I included H&T, at 289p, in my 2017 Bargain Shares Portfolio, since when the board have paid out total dividends of 15.8p, and have a 400p target based on a 2018 cash profit multiple of nine times (‘Bargain Shares: Beating the market Part II’, 14 Mar 2018). With scope for the ratings discount to its larger rival to narrow, and the company making a good start to the new financial year, Ramsden’s shares rate a buy.
igoe104
14/6/2018
12:03
The seller who it appears we knew the identity of all along may be be done!
bigbigdave
14/6/2018
11:58
Good to see us moving up today :-)
cheshire man
13/6/2018
20:56
Sorry not looking for red flags at all, just more obscure info/general flags
pireric
13/6/2018
20:51
Not really sure if that is a specific flag. It's a fact and they've highlighted it.
rp19
13/6/2018
20:01
Just reading the release to look for hidden flags: "It should be noted that in FY18 the Group benefited from two pre-Easter holiday periods whereas there will not be one in FY19 due to the late Easter in 2019."
pireric
13/6/2018
13:46
I bought a chunk here a year or so ago for the dividend and some growth as its still quite small - hopefully to forget about now they have some breadth to the business. Difficult to know if the retail problems work for or against them or just cancel out. Without being too non-PC, I guess their target retail market are more likely to be walking around towns than most ?
yump
12/6/2018
12:48
yump - that made me chuckle! Cheers GHF
glasshalfull
12/6/2018
12:47
Afternoon guys, Quite correct Puffet, I’ve sold 50% of my holding at c.200p for a 74% gain. It was my largest holding by a distance & simply prudent portfolio management. I plan to hold the remainder...so any further selling ain’t me. I was happy with the results & outlook & believe Liberum’s 17.0p earnings target will prove conservative. That said, I’m also mindful that RFX are up against strong comparators in FX & the well publicised implosion of the High Street could also impact...both favourable & negatively with units available for a fraction of the costs but perhaps lower footfall in branches??? So, still positive. V well managed company. All IMHO Kind regards GHF
glasshalfull
12/6/2018
12:21
Yes Glasshalfull - well known for buying one month and selling a couple later. Not. What we need is simply time. If its growing earnings steadily, the share price will most likely rise steadily. Gamblers best look elsewhere imo.
yump
12/6/2018
11:53
The seller is glasshalful he is overexposed %age wise so trimming his holding and taking profits. Can't blame him and hopefully he will be clear soon.
puffet
12/6/2018
11:46
10k seller back today, unfortunately. Need some positive comments and buy rating in Investors Chronicle this Friday to get some more buyers and get this moving again...
lammylover
11/6/2018
16:21
Agreed Lammy, certainly a persistent seller off loading 10k chunks. Be nice to see the back of them !
wanttowin
10/6/2018
11:25
Just done a quick scan of currency rates: RFX: 1GBP buys me 1.118EUR Thomas Cook: 1 : 1.114 Debenhams: 1 : 1.120 H&T: 1 : 1.120 Tesco: 1 : 1.116 Small sample, but best off going to Debenhams/H&T, then Ramsdens, then Tesco then Thomas Cook. Most offer the usual lark of instore, click and collect. Any ideas whats driving their big increases in FX revenue? Doesn't look like it's based on having any real competitive edge, so is it a function of increased # of outlets/online growth?
pireric
10/6/2018
09:50
I feel obliged to get my euros from RFX even though there isn't one in my town centre,( with having a large holding now) ive got a cricket trip to Swansea, in a couple of weeks so ill make sure I will buy a good 1k worth of euros from the local Ramesdens on route.
igoe104
09/6/2018
23:02
My big kickback here is, what's really going to drive a rerating? HAT has been on a PE of around 10 for a very long time and pretty much the direct peer to comp against. Doing some work on this, will post anything of interest +ve or -ve.
pireric
09/6/2018
22:09
Broker forecasts updated on Stockopedia now, showing 17p this year & 18.5p next. Cautious numbers but should be viewed against last year's June forecast (13p), which was upgraded 25% come September. No guarantee this will be repeated of course, but with net cash equivalent to 40p RFX currently sits on an ex-cash, rolling PE of just over 9. Seems pretty good value if you ask me.
xajorkith
09/6/2018
10:30
These small-cap growth stocks still feel like the market's best kept secrets. But for how long? https://tinyurl.com/yc7pex6j Pawnbroker, jeweller and foreign exchange specialist Ramsdens Holdings(LSE: RFX) was my top pick for 2018. Based on today's full-year results and the market's reaction to them, this looks to have been one of my better calls. Reporting "continued growth across all business segments" this morning, group revenue at the small-cap rose 16% to just under £40m over the 12 months to the end of March. The diversified firm's Foreign Currency Exchange and Retail divisions were the standout performers, with revenue growing 26% (to £11.3m) and 35% (to £8m), respectively. That said, the pawnbroking arm continues to tick along nicely with revenue here rising 14% to £7m. Precious metals revenue rose by a single percentage point to just under £11m. The most interesting number to catch my eye, however, was the 242% increase in online jewellery sales over the reporting period. This, combined with the 117% rise in its Click & Collect currency exchange service, is further evidence that Ramsden's focus on building its IT infrastructure and digital presence is really starting to reap benefits. Speaking of which, underlying pre-tax profit soared by 60% to £6.5m, compared to the £4m achieved in the previous financial year. Based on the 16.3p earnings per share achieved in 2017/18, Ramsdens is currently trading on a trailing price-to-earnings (P/E) ratio of just under 12. That still looks very reasonable considering the company also had a net cash position of £12.7m at the end of March, compared to £9.5m in the previous year. Aside from the value on offer, income hunters should also be encouraged by the 400%+ rise in the (easily covered) dividend from 1.3p to 6.6p. Ramsdens might not shoot the lights out in terms of share price performance but, as a gentle grower in a market where many companies continue to over-promise and under-deliver, I believe it remains an excellent candidate for small-cap-focused portfolios
igoe104
08/6/2018
22:18
Forecasts look very anaemic
onjohn
08/6/2018
08:18
Clear sailing this morning too. That seller is long gone
villarich
08/6/2018
08:14
I can only see these going over £3 plus over the next 12 months, I love the passion from Peter Kenyon. https://tinyurl.com/ybon7tot
igoe104
Chat Pages: 32  31  30  29  28  27  26  25  24  23  22  21  Older
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