Ramsdens Share Discussion Threads

[spob] 02/8/2019 18:06

This is the pound sterling priced gold etf over the last year

Basically shows the movement in the actual UK gold price

[nw99] 31/7/2019 13:16

Nice buying today

[pillion] 31/7/2019 11:50

Good find rivaldo

…. and we believe that Ramsdens had the pick of the best stores before H&T picked up the rump.....

[rivaldo] 31/7/2019 10:10

For the record, Downing said this in their quarterly newsletter covering Apr-June'19:

"In the period, Ramsdens announced a further acquisition of four The Money Shop stores, and 12 loan books. Ramsdens used £0.5 million of cash for the purchases which are expected to be earnings accretive by around 4%, on top of the 9% accretion from the prior acquisition of stores which we talked about last quarter.

We think that this consolidation adds a compelling growth element to the investment thesis on top of a business which has healthy organic growth and self-help margin opportunities. The business retains ample cash to continue selective bolt-ons from failing high street competitors. We note that H&T Pawnbrokers recently undertook a placing to acquire 65 stores and 29 loan books from The Money Shop. This adds credibility to the strategy, and we believe that Ramsdens had the pick of the best stores before H&T picked up the rump.

The results in June met expectations and show further progress against our thesis, with double digit organic growth and improving mix. We continue to believe that the shares are rated too cheaply on sub 6x EV/ EBIT, double digit operating margins; a net cash balance sheet and over 15% free cash flow returns on invested capital."

[mattafc] 29/7/2019 19:30

Let's see tomorrow, close to new levels!!

[nw99] 29/7/2019 19:04

Nice buying here

[igoe104] 29/7/2019 10:31

Ramsdens to open first-ever airport store.

[rawnsley] 25/7/2019 11:12

international trips abroad up 2% in Q1 @ 13.6million, an unchanged £8.5bn spent travellers

It will be interesting to see Q2 data as this is where the deviation in temperatures becomes starker in comparatives.

[tp6] 20/7/2019 23:21

Gold at a 6 year high after Iranian nonsense..

[tudes100] 19/7/2019 08:47

At June FY results 32% of GP came from jewellery (fastest growing part of the business)& precious metal buying, rising gold price fires up the profitability in both these sectors.

[qs99] 19/7/2019 08:18

Will be interesting to see whether/if/how much POG has affected RFX results

[qs99] 18/7/2019 20:17

POG motoring as well,RFX should benefit IMO...DYOR

[saurish] 18/7/2019 19:58

Both easy jet and Jet2 reporting an increase in customer numbers. Bodes well for our FX division.

[tudes100] 18/7/2019 01:55

Not sure we'll see a bumper FX year however comparables to a very weak 2018 will be positive plus we have the benefits of FX sales in the larger store estate, approx 20% larger than last summer with incremental Money Shop outlets plus store additions of last 12 mths. Think the biggest driver of GP YTD will be the move in the gold price, jewellery & precious metal trading makes up nearly as much GP as FX, this is a massive tailwind for the business even without the new stores.

[yump] 17/7/2019 21:53

Given performance last year was OK, given the apparent 'desertion' of overseas holidays by UK folk, perhaps there is actually little correlation. Or perhaps the EU destinations travel industry gets in a panic when holidays drop by 3%, but its not such a big deal for RFX.

[riverman77] 17/7/2019 21:29

Why would it be a bumper FX year? Weak sterling and consumer confidence - surely this would dampen demand for foreign travel, although I guess UK weather has been pretty poor

[rawnsley] 17/7/2019 20:54

Fantastic share, steady as she goes. Hoping for a bumper FX year, propped up by improved gold prices to push ahead of forecasts.

[saurish] 17/7/2019 19:34

I hold. Will add on further weakness. A growth company run by a very competent management. Great value imho.

[thefartingcommie] 17/7/2019 15:36

re

EssentialInvestor
17 Jul '19 - 15:20 - 1029 of 1029
0 0 0
I'm out, good luck to those holding.

...well....thankyou SO much for letting us know....

..in the interest of balance.... I've been adding considerably...

[essentialinvestor] 17/7/2019 15:20

I'm out, good luck to those holding.

[tomps2] 17/7/2019 15:15

RFX mentioned here in this presentation by Downing's James Lynch, Fund Manager. A presentation at Mello May 19, discussing investing for income & capital growth.



He also mentions DSCV and ADT.