Ramsdens Share Discussion Threads

[bigal47] 30/10/2024 18:21

Not sure what was in the Budget to excite today's feeding frenzy but sure hope we can retain those gains and move on up (as Curtis Mayfield once sang)

[solarno lopez] 22/10/2024 12:39

Double bottom at 220

[4grandkids] 22/10/2024 12:33

A clever PE house

[yump] 22/10/2024 12:14

From who ?

[mallorca 9] 22/10/2024 12:02

This one may certainly become a bid target.

[lammylover] 12/10/2024 06:09

Downing Fund reduce holding from 10.2% to 9.9%..

[lammylover] 11/10/2024 09:14

obviously been a big seller behind the scenes. Just seen 262,100 shares go through at mid point (trader to trader), hopefully clear up the overhang..

[gswredland] 10/10/2024 14:04

crazy eh?
Just the markets atm. Probably drift lower as well

[dan_the_epic] 10/10/2024 10:27

Why tf is this down on that update

[lammylover] 10/10/2024 07:46

You can buy now at £2.01/share. Market cap is £64m. Not sure what cash is, but with £11m profit, its ludicrously cheap. And 10.4p dividend is 5.2% yield. I guess private investors just running scared of Autumn statement and possible withdraw of IHT exemption status...
However can't see this affecting RFX long term, steady growth strategy in pawnbroking and high gold price.

Perhaps BoD will have a share buyback planned if Reeves does assault AIM..

[shimif] 17/9/2024 15:19

Msg for Elrico - re Guild membership

[tp6] 22/8/2024 12:14

Article in Telegraph yesterday about pawnbroking being accessed by small business owners at H & T, fair to assume Ramsdens might be seeing this as well.Ramsdens ceo is also an ex banker, I think he keeps a tight reign on the business finances, hence low/no borrowings and money in the bank. "Business owners are increasingly turning to the group for larger loans. Around 18pc of H&T's loan book ­comprises loans to entrepreneurs who borrow £5,000 or more. They are pledging more high-value items such as Rolex watches and expensive jewellery. "The banks will not lend you money against your watch," Mr Gillespie said. "They would probably want personal guarantees or a charge on your house."Banks tightened up their lending criteria in the years following the financial crisis, ditching riskier, unsecured lending in favour of plain business loans.A crackdown on doorstep lenders by the Financial Conduct Authority in 2021 forced alternative finance ­providers such as Morses Club, Provident Financial and Non-Standard Finance out of business. Controversial payday lenders such as Wonga have also disappeared.H&T's pledge book rose to £105m for the six months ending June, up from £101m in December. Income rose 11pc compared with a year earlier to £55.8m, with pre-tax profits up 12.5pc to £9.9m.

[sheffieldowls] 22/8/2024 08:30

Lammylover I am glad that I saw the value and increased my stake in the company before the recent price rise in Ramsdens shares. Do you consider Ramsdens or H&T to be better value at the current share price? I am a bit surprised that H&T has significant borrowings while Ramsdens has over six million pounds in their accounts. I wonder if they will do a share buyback operation because even at this higher price I consider it would be value enhancing for its shareholders.

[lammylover] 21/8/2024 13:49

Yeah, its amazing! This has been a "screaming buy" for so long, but it takes until its tipped by ST in Investors Chronicle and a profit upgrade from the Board before people see the value and jump on board..

[doobz] 21/8/2024 10:24

Finally value being realised, well done everyone

[lammylover] 16/8/2024 15:29

Tipped again in Investors Chronicle. Buy rating. Good write up. Target 305p.

[tp6] 12/8/2024 16:51

Nice little move up today. Unfashionable it might be but well run, undervalued and nice dividend. Hopefully it will recover back towards 250p

[yump] 07/8/2024 08:44

Reliable isn’t fashionable - I don’t think we’ll see ex-Nvidia investors piling in anytime soon :-/

[elrico] 06/8/2024 17:18

Ramsdens Holdings, a diversified financial services provider and retailer, has provided a robust trading update for the current financial year ending 30 September 2024, continuing the positive momentum seen in the Group's interim results for the six months ending 31 March 2024, announced earlier on 5 June 2024. The company's strategic focus on multiple income streams—including precious metals, pawnbroking, foreign currency exchange, and jewellery retail—has positioned it well to weather economic fluctuations, which is precisely what the Company has done well since it became one of our pandemic recovery plays at 125p February 2021. The Company has never let us down, demonstrating consistent progress, which sees the share price growth from 125p to 203p at 62.4%, plus accumulative dividend payments total of 20.6p Per share.

[lammylover] 06/8/2024 10:52

Agree Doobz, still well undervalued here. Last summer June 23, share price hit 272p on good results and since then RFX have increased number of shops, increased revenue and profit, whilst keeping a big cash pile. What's not to like?
Just needs some media coverage to get more cash in to push share price north again.

[doobz] 06/8/2024 10:41

Added more here, quite heavily undervalued. And business seems to be going well. North of 300 looks easily doable. Just seems to not be so popular for time being. Patience rewarded here

[pugugly] 06/8/2024 06:48

Trading ahead in most areas - Panmure increases target price from from 290p to 305p. Hopefully a blue day.