Ramsdens Share Discussion Threads

[lammylover] 10/1/2020 09:58

Ramsdens goes ex dividend on 16/1/20. Pays out 2.7p/share on 20/2/20. Lovely! Rich

[lammylover] 08/1/2020 15:18

Well RFX has hit my 250p target. I'm well pleased, but still have kept ALL my holding. Price may slip back a little with profit taking, but some good Investor Chronicle coverage should bring in some fresh money. Will continue to hold, with view of delivering 300p later in 2020. Rich

[rivaldo] 08/1/2020 14:03

It's also worth remembering that RFX have £12.3m and rising net cash, against the £76m m/cap, which reduces the ex-cash P/E even further.

[rivaldo] 08/1/2020 11:59

Liberum have raised their forecast to March'20 by 10% to 22.6p EPS.

They've also raised their target price by a skinflint 5p to 253p.

I assume this is a stopgap, cautious measure until the year end trading statement confirms the full extent of the outperformance.

Liberum have been noticeably behind the curve on other companies I hold (notably RNWH, where the quality of their research has been appalling) or watch. I suspect this is another stock where their target price will be exceeded and they will be forced to play catch-up later.

[yump] 08/1/2020 09:46

Should be on a higher rating, when you consider the dividend is covered 2x+ and its increasing by double digit figures, plus we've had a 'worried' economy for a few years and they're showing a very good increase in profits.

The only concern might be over quality/stability of earnings, but that is not borne out by the history of either increasing or stable profits, during a period which must have been quite difficult to manage at times. Plus in 2018 we had the staycation issue, but that didn't cause any major problem.

Perhaps one of those companies that just has a solid business model and very good management. That can accomplish a lot.

I'm holding on for at least 300p following upgrades and until there is a hiccup, it must be one of the best long-term possibilities that I've seen. Given the wild variations in many stock prices over the last few years it would be nice to stick this away and come back in say 5 years to find it a multiple of current price. No fireworks - just growth on the current trajectory.

[18bt] 08/1/2020 09:20

Decent share price response. Interesting to see what new forecasts are - it's the increase in overall Xmas trading I found most encouraging, but focus on the price of gold helps.

[lammylover] 08/1/2020 07:24

Great job Ramsdens! May even get to 250p today.....Rich

[nw99] 08/1/2020 07:24

Well ahead

[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.