Ramsdens Share Discussion Threads

[cwa1] 08/1/2020 07:23

Excellent, happy days :-)

[rivaldo] 08/1/2020 07:09

Lovely :o))

"As a result of strong trading across the business the Board now expects full year PBT to be comfortably ahead of market expectations"

Great to see no leakiness in the share price either.

Hopefully we'll see new highs today:

[tp6] 07/1/2020 22:38

I agree card use is on the rise with the younger generation, but it's the older generation with the disposable income that travel more, and getting cash is very much part of their pre holiday habits.. Many of the thomas cook shops, on a standalone basis were profitable purely on currency sales, and that was a badly run business with bigger physical shops than the very lean and well run ramsdens setup.

[tanneg] 07/1/2020 20:33

The Travelex cyber attack may also prompt more use of over the counter currency exchange. First Direct, Virgin Money, Sainburys Bank and Tesco Bank online services are all affected as they use Travelex!

[riverman77] 07/1/2020 19:42

Yes a bit of cash to cover emergencies (say £50), but I think fewer and fewer people will want to exchange large sums when they can do it more cheaply and conveniently on a card. The margins/spreads are quite low so this needs to be done in volume to make decent profits.

[yump] 03/1/2020 18:16

What's a bit bizarre is that if someone said to me go and buy £5000 of stock, it will save you 10%, I would find that more difficult than clicking a button to buy A stock !

[hawaly] 03/1/2020 17:35

It's very similar in a Casino as you hand over cash for chips ..... it's all part of the pyschology - an "extraction from reality".

Online gaming from the comfort of your front room with a credit card is another example.

One thing many find hard to cope with is making a loss and then "reconnecting to realism" by imagining what the "loss" would have purchased; the larger the account grows the more emotionaly damaging this can be.

Quite often it contributes to the reluctance to take a loss, even though it's the best course.

GLA

😎

[spob] 03/1/2020 17:03

if I had to hand over actual cash every time I bought a stock, I don't think I would buy anything lol

even though there is no difference

[yump] 03/1/2020 15:23

I feel sorry for anyone who has never been paid in cash - its very therapeutic and oddly its also feels nice to use the notes.

Be interesting to see if being cashless caused increased spend in Sweden. Our teens have demonstrated brilliantly this Christmas how easy it is to buy rounds and end up with a massive spend, if you just wave a card at something.

Lets face it, its also easy to buy shares with a click. I remember once there was a test for whether to invest or not, which was to imagine someone came to your door with the proposal and you had to hand over £10,000 of your hard-earned in cash. Would you invest ?

You would at least have seen at first hand the person claiming to have the great opportunity.

"I have this idea for advertising within games - how about investing £10,000 ? - in 6-12 months you might be able to see if its working - no guarantees of course"

[spob] 03/1/2020 14:16

many people prefer to use cash abroad

[riverman77] 03/1/2020 13:58

I like Ramsdens, but not too keen on the foreign exchange part of the business, which is half of profits. Not only is fx exchange highly competitive and cyclical, but more importantly might not even exist in a few years once we move to a fully cashless society - the Revolut card now has millions of users and growing fast - not sure why anyone would bother to physically exchange large volumes of cash these days.

[spob] 02/1/2020 17:36

yeah i know it's hard sometimes

just got to remember that more than likely, the chance to buy again will present itself at some point in the future

and also that you can make money from other stocks too

[yump] 02/1/2020 16:55

I've been sorely tempted recently, but there's the old 'run the winners' thing in my head - at least until any growth slows down.

Plus the possibility of sod's law at work, where I decide something has flattened out for a while, sell out and then it takes off ! eg. PETS which shot up and has stayed up despite not really growing much.

By the way thanks for all the header/updates etc.

[spob] 02/1/2020 16:49

I did buy this just after the float

and banked profits of around 100% before aswell

[spob] 02/1/2020 16:46

I need to find some ultra deep value shares

[spob] 02/1/2020 16:44

35% on that one for me

anyway see how it goes

Simon's target was 250p - almost got there

I expect he will do an update when he does his next Bargain share portfolio on Feb 7

[yump] 02/1/2020 16:39

20% not bad if you're trading. I'm holding on the basis that having spent so long in the same range, a breakout to a new one isn't just a token 20%. Mind you its one of my long term 'safe' holds from float and intending to run it as a winner until the fat lady sings, which won't ever happen as its not PC anymore.

[spob] 02/1/2020 16:29

sold mine today 232p


has risen quite a lot in a short timeframe

would be happy to buy again in the future

[fozzie] 02/1/2020 13:41

What's got this all spooked? Good rise from 210 but surely more to go at here imo

[qs99] 30/12/2019 13:43

nearly through that £2.50 mark....maybe tomorrow...

[rivaldo] 27/12/2019 09:27

Ending the year rather nicely :o))

Happy New Year to all here and hope you had a great Xmas.

[qs99] 24/12/2019 11:22

more today....lovely job....Merry Christmas all RFXers and £3 in NY hopefully soon

[qs99] 23/12/2019 12:25

Maybe buying ahead of a tip in the NY?