Ramsdens Share Discussion Threads

[lammylover] 09/5/2019 15:14

H! Does anyone know if Ramsdens are sponsoring Sheffield United next season? They were front of shirt sponsors for 18/19 season with option to extend for a second season. With SU back in the premier league, this would give RFX fabulous tv coverage and increase brand awareness....Rich

[igoe104] 18/4/2019 16:18

Another shop opened.

[pillion] 04/4/2019 12:02

Aye, good solid report

[spob] 04/4/2019 10:20

doubled my holding here today

given the muted reaction to a good trading statement

[spob] 04/4/2019 08:54

I've stuck that in the header to highlight the value on offer

[rivaldo] 04/4/2019 08:48

Just to add, Liberum have the following forecasts:

last year to 31/3/19: 17p EPS, 7.1p divi
this year to 31/3/20: 18.9p EPS, 7.8p divi

They retain their Buy and have a 241p target, summarising as follows:

"A positive pre-close trading update tells us that trading has matched
expectations and that the integration of the recent acquisitions is also on
track. We make no changes to our forecasts. Valuation at 8.4x calendar
2020 for a mid to high single digit space grower which is also consolidating a
fragmented subsector seems too low, hence our using a 12x multiple. It
makes good returns- 14% EBIT margin, 18% RoE, with net cash. Our 241p
TP implies 35% upside so we re-iterate BUY."

[igoe104] 04/4/2019 08:26

04 Apr 2019
LIBERUM: Ramsdens Holdings* - Hitting expectations, integration going to plan, on 8x next year. Plus about 12 million cash in the bank, and a yield over 4%.

[spob] 04/4/2019 07:42

a poor environment is the best one, for this and HAT

[rivaldo] 04/4/2019 07:24

Good, solid trading update in line with expectations (and that in a poor overall environment). Importantly there's growth in each of the four divisions.

Plus the ICL acquisition is going well, and there's confidence going forward:

[pillion] 21/3/2019 16:43

Good find igoe

[igoe104] 21/3/2019 13:33

Tempted by the Provident Financial share price? I think these small-cap stocks are far better buys.

[rivaldo] 12/3/2019 12:36

LOL - no more hols until summer now, except maybe a footie away game weekend :o))

[igoe104] 12/3/2019 08:18

Riv, your going to start have to start buying your currency from Ramsdens now, that would give S/P a big boast, with you having hundreds of holidays a year. LOL

[rimau1] 12/3/2019 07:40

Good to see you here Riv, a stronger pound will also help the FX business, good timing on your top up. Great little stock!

[rivaldo] 11/3/2019 10:12

I've bought some of these recently and bought a final tranche early this morning - does indeed look good value, and of course reasonably counter cyclical as pointed out above.

The exit of City Financial in particular could mean a decent re-rating happens quite quickly with such a large overhang now gone.

[cf456] 08/3/2019 16:36

Confirmation that City Financial has left the building:



Without the overhang in play, the price should be free to start moving back up.

[mammyoko] 08/3/2019 16:36

City out yesterday and price goes up!

[riverman77] 08/3/2019 16:08

Looks great value - steady reliable earnings, counter cyclical qualities and a free option on the gold price.

[cf456] 08/3/2019 09:36

Huge volume yesterday and if that is the overhang cleared then there could be a good move up from here.

Simon Thompson certainly reckons the shares are a buy with 50% upside:

"I would also flag up that Ramsdens’ balance sheet is cash rich with proforma net funds likely to be around £9.3m post the acquisition, a sum worth 30p a share. This cash pile not only provides ample firepower for the management team to cherry pick further earnings accretive bolt-on purchases, but also means that Ramsdens’ double digit earnings growth is being valued on a cash-adjusted forward price/earnings (PE) ratio of 7.4. Add to that a prospective dividend yield of 4.6 per cent, and I see 50 per cent share price upside, having included the shares in my 2019 Bargain Share Portfolio at just below the current offer price. Buy."

[pillion] 07/3/2019 20:26

This day, good volume & healthy rise in share price

[terry236] 07/3/2019 16:33

Large volume today - Is this City Financial finally offloading their stake?

[riverman77] 06/3/2019 13:48

Does anyone have any thoughts on the city financial situation, who own 9% of the company and have gone into administration? I've no idea how quickly they will need to offload this position and the likely impact, but likely to be significant unless they can line up another institutional buyer.