Ramsdens Share Discussion Threads

[uhound] 09/12/2020 17:46

Hopefully news on the 15th will give this a boost.

Was wondering if I should swap into HAT?

[wanttowin] 03/12/2020 18:50

Added a few today and confident £2 will be on its way soon.

What with excellent vaccine news, overseas travel returning, airlines rising, cruising looking good for the spring, gold in the highs... lots of positives for RFX.

People are chomping at the bit for overseas holidays imho. GLA

[mighunter] 02/12/2020 18:25

Would add that Simon Thompson of Investors Chronicle recently suggested that Liberum's FY21 estimates of 9.8p EPS were "very conservative."

[elsa7878] 27/11/2020 09:01

Does anyone have any views on this. Just starting to research.
Prior to Covid - it was £2 - £2.50.
Cash is £16 million which is over 50p per share.
Prior 2 years eps 17p and 21p.
Forecast 10p this year. So after accounting for cash on a PE of 10.
Next year 14p.
190p (a decent target) is 10 x 14p and 50p cash.

[cravencottage] 23/11/2020 20:51

Merger with HAT and RFX?

A good fit!

[4grandkids] 23/11/2020 18:53

Time for Ramsden to put on its HAT !!!

[cravencottage] 23/11/2020 18:20

overhang cleared?

[kevph] 16/11/2020 15:22

This is keeping its foot firmly nailed to the floor in all the excitement. Should pop at some point, but not while the biggest shareholder continues to offload.

[energeticbacker] 13/11/2020 12:15

As growing amounts of money move into the ESG space, Investor’s Champion’s latest article highlights the difficulty in satisfying all the demands of the ESG acronym, with particular reference to smaller companies on AIM.
#hat #pres #frx #tsla

[cravencottage] 10/11/2020 07:19

Did anybody log onto David Dosh's webcast?

Were they talking favourably @ Ramsdens?

[frazboy] 09/11/2020 14:35

Uplift in Ramsdens is to be expected given the FX part of the business but not sure why there should be any read across to EQLS, QS99?

Warning to everyone on placing 'at market best' trade. I did just that expecting it to get filled at around 130p, ending up paying 138p. I rarely use at market best orders - I've now reminded myself as to why!

[qs99] 09/11/2020 14:21

Nice moves, glad I shoved some in a few hours ago! I have also bought shed loads of EQLS which just seems to have been ignored by the market IMO....DYOR, but that can't stay as it is if the likes of RFX are up 10%.....thoughts?

[qs99] 09/11/2020 13:17

think it has here now.....but EQLS less so! DYOR

[basem1] 09/11/2020 12:53

Should be a buying stampede here really The penny hasn't dropped yet

[davidosh] 09/11/2020 02:19

Just to mention that Judith Mackenzie of Downing who are one of the key shareholders in Ramsdens will be interviewed by me on MelloMonday tonight. She will also be one of the panelists on the BASH session.

The Mello Monday event starts at 6pm
The full programme is available on the website. In the MelloBASH... The analysts, fund manager and well known investors on the panel will give their honest verdicts on whether four/five companies are a Buy Avoid Sell or Hold at this current juncture in the markets.



All investors welcome and if you use the code MMV5 you will get a half price ticket. Great investor content and entertainment. We had nearly 400 investors attend last month so these are very popular.

[rimau1] 05/11/2020 09:33

RFX rns that stores remain open and get an 8% rise, HAT yday announced the same but only via their website and no price action!

[death by donut] 02/11/2020 16:17

Essential service status too.

[sphere25] 02/11/2020 15:58

An investment trust view:

Ramsdens Holdings PLC (Ramsdens) (5.87% of net assets)

Cost: £2.61m. Value as at 31 August 2020, £2.15m

Ramsdens is a diversified financial services provider and retailer. Providing FX services, pawnbroking and the sale of jewellery.

Update to the investment case

Profitability maintained through COVID
Strong net cash balance sheet and with high degree of precious metals within inventory
All stores reopened as of 14 July 2020
Shop closures and travel ban had severe impact
Performance of FX business will depend on the status of international travel restrictions

Progress against investment case
In the trading update of 14 October 2020, Ramsdens announced that it anticipates reporting a profit before tax figure of approximately £9 million for the 18 months ended 30 September 2020. This is a strong achievement given the significant headwinds the group faced in the wake of the pandemic, with the entire estate being closed for several weeks and a significant portion of staff furloughed. For context, Ramsdens generated profit before tax of £8 million in the 12 months to 31 March 2020 . Prior to COVID‐19, Ramsdens was performing exceptionally well. Underlying profit before tax was up 19% and all three segments – foreign currency exchange, jewellery retail and pawnbroking - grew by double digits in the 12 months to 31st March 2020. Free cash flow was also very strong, around £7.6 million.

Part of the initial attraction for us to Ramsdens was its strong balance sheet. We often look for tangible levers which companies can pull to release cash in times of stress. Ramsdens has a net cash position, which has been eroded somewhat through lockdown as it has burned cash through the period of closures. The group holds a significant quantity of precious metals on the balance sheet held within inventory. Management has prudently been able to liquidate some of this through the last few months in order to generate cash to fund operations. Not only that, but it is liquidating these metals at much more favourable prices – we estimate that the spot gold price has increased by 23.7% since the last balance sheet date. Ramsdens also carries a significant amount of float for its foreign currency business. We believe that Ramsdens has one of the strongest balance sheets on the high street. All stores have been open since July and any localised restrictions are only expected to reduce trading hours rather than force closures as occurred during the first wave. We believe that Ramsdens will weather the current crisis in the careful and measured way it dealt with those that came before it. Ramsdens emerged from the Global Financial Crisis with a stronger market position than it entered it and there is every chance for the same outcome as weaker competitors fail and markets consolidate.

[nw99] 26/10/2020 11:27

Looks good

[rimau1] 26/10/2020 11:11

Or you can buy HAT at price to book value of 0.7, less reliance on travel FX offset by short term regulatory risk from the personal loans business review. I hold both but have switched some from RFX on the ST bounce as IMO there is better value in HAT right now.

[lammylover] 26/10/2020 10:46

Hi Yump - if buying more, it may be worth waiting a week or two. Simon Thompson tipped these in Investors Chronicle "bargain shares" column last Friday as BUY at 127p. This has generated lots of PIs buying the tip, but also looks like a big seller is dumping blocks into any price rise, so the expected rise following ST tip has not materialised yet.

Give this a week or so, and market makers will walk price down again IMO, as volume drops off..

Therein lies opportunity to buy 110-120p, IMO

Good luck whatever you decide

Rich

[yump] 26/10/2020 10:31

It is a nice business model, so yes not a bad price to buy and sit on. Still got quite a lot from float - sold a load on the bounce to 180 and now in two minds (or more) about whether to buy back. They're in my SIPP, so time isn't an issue !

[lammylover] 26/10/2020 10:25

True Yump, however bearing in mind their shops were shut for 4 months due to CV restrictions (5 in Scotland) and FX revenue down 70% due to no flights - I thought results were pretty good!

With shops reopened, strong gold price and slight increase in travel, I reckon the shares are a steal at today's price.

Solid, well run company that is debt free with mountain of cash - what's not to like!

Just need to buy and hold for 6 months - plenty of upside here.

Rich

[yump] 26/10/2020 10:18

I haven't had time to look properly, but hasn't the last 6 months only generated £1mln pretax ? If so, with travel still disrupted for some time yet, the forecast looks a little optimistic.

Correct me if I'm wrong - might be talking nonsense...

12 months to March £8mln
18 months to Sept £9mln