Ramsdens Share Discussion Threads

[hazl] 08/9/2021 18:07

The US has had a couple of bad days.
Which affects everybody.

Plus Risk in forex I expect.

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I would imagine.
Only 27 % of stocks rose today.

[deanowls] 08/9/2021 13:02

What was the drop here for?

[hazl] 08/9/2021 12:28

Normal trajectory.

Even if abnormal times .



IMO

[hazl] 03/9/2021 15:45

Investors that have Ramsdens.


Downing LLP 2,383,238 8.73776 66131 - 31 Aug 2021 7.59
Downing Strategic Micro-Cap Inv. Trust 1,894,937 7.01417 336131 21.563363 31 Aug 2021 6.04
VT Downing Monthly Income Fund 488,301 1.72359 -270000 -35.605914 31 Aug 2021 1.56
Chelverton Asset Management Ltd 487,952 1.26537 -12048 - 31 Aug 2021 1.55
Chelverton UK Dividend Trust Ord 487,952 1.26537 -12048 -2.4096 31 Aug 2021 1.55

[red ninja] 31/8/2021 09:05

Downing Strategic Micro Cap I.T. Quarterly News Letter :-

hXXps://assets-us-01.kc-usercontent.com/8c961317-6aee-00a7-e4b6-ae38cd847d2d/28cbb15e-1c16-4777-9292-7d9a2f8148ba/DSM3064_Downing%20Strategic%20Micro-Cap%20Investment%20Trust_Investor%20Letter_Aug%202021.pdf

RAMSDENS most recent results, published in June 2021, highlight the resilience of the group’s diversified business model. Ramsdens had been one of the Company’s worst performing stocks through the Covid crisis, given its exposure to physical pawn broking stores which were closed during the prolonged UK lockdown. International travel restrictions also had a material impact on the group’s foreign exchange business. However, the company has delivered a robust performance and its pre‐tax loss limited to £0.1 million represents a strong result under the circumstances.

Part of the initial attraction to Ramsdens for us was the strong balance sheet. Despite the challenges of the pandemic, the balance sheet remains strong with net assets having increased £0.5 million to £35.5 million from £35 million at 31 March 2020, and net cash at £15 million, with an undrawn revolving credit facility of £10 million.

Gross revenue decreased by 26% to £10.4 million through tight control of overhead costs and by utilising the government furlough schemes as applicable. Foreign currency exchange was down 89% YoY to £20 million as a result of international travel restrictions imposed through the worst of the pandemic. However, we believe that the outlook is positive for this part of the business, reflected in the strong desire for people to travel abroad as restrictions ease.

In pawnbroking, gross profit was down 26% YoY as customers borrowed less, and those with loans repaid them. We expect lending volumes to revert to previous levels as conditions normalise. Jewellery retail performed well, with revenues increasing by 14% YoY to £8.1 million. Gross profit from the purchase of precious metals decreased by 28% to £2.3 million, reflecting reduced high street footfall during the lockdowns.

Undoubtedly, Ramsdens has fared better than many other high street retailers who often employ much more efficient balance sheets and were less able to absorb the losses encountered during the Covid disruption and lockdowns. Ramsdens’ management team remain confident and are positioning the business for future growth. It has reported a pipeline of six new stores, including debut sites in London and the South East. It is also investing to further grow the company’s online presence. We believe that Ramsdens is well positioned to resume its growth trajectory as restrictions are lifted, and also outperform weaker competitors as we return to more normalised trading conditions.

[hazl] 26/8/2021 12:34

Is it a new high?

Certainly for the year.

Long way to go for pre pandemic.

Good old Ramsdens.

[hazl] 25/8/2021 09:11

They mess about with the spread but I'm quite pleased with this one.

[hazl] 20/8/2021 09:31

If things get bad again for people, which sadly I think they will, then the pawnbroking business will likely be important.
Thank goodness for an online presence too.
Bricks and mortar can be a drag on profits.

So earnings areas are constantly on the move along with changing times.

I think we will have to be careful none the less about al l shares.

IMO

[hazl] 20/8/2021 09:24

That is a much better post.

[yump] 20/8/2021 09:16

Everybody thinks shares are about the future - you’re not unique.

However you quoted a historic p/e to try to show (presumably ?), that the current price is cheap.

I suggest you look for forecasts.

When and if earnings recover to 20p, the p/e will be less than 10 and the shares will seem cheap.

At 180p I think partial recovery is already priced in.

The second half will give a bit more of a clue as to how long recovery might take. Obviously this year has a glut of staycations, so “sparks” may have to wait until next year.

[hazl] 20/8/2021 08:58

I understand if you have been here a while my one liners might annoy.

[hazl] 20/8/2021 08:56

Stop getting on your high horse yump.

We all know that the forex revenue has been lacking in the times of the crisis.
That ought to pick up in the future if we are in recovery.
My thoughts are that the assets in the pawn broking business too, hopefully, will do well.

I have always said shares are about the future so please don't teach grandma to suck eggs.

Let's not ruin the thread any further please.

[yump] 20/8/2021 08:44

Seriously ? ... and you’re using your own money to invest ?

Of course I know what you meant - that figure is historic.

You do know they made a loss for the first half don’t you?

What you need is forecasts because you’re interested in the future price.

There you are - I’m trying to be helpful.

[hazl] 20/8/2021 08:40

And if you keep trolling you will mess up the thread.

[hazl] 20/8/2021 08:38

I meant Price earnings ration PER

Plenty of sites show the same.

PER (E) 8.17

[hazl] 20/8/2021 08:33

Yump you have ruined many a thread and there are plenty who would agree with that.

[yump] 19/8/2021 19:17

Please don't ruin a serious investors thread with endless pointless posts.

The current p/e is not 8 - try to get the facts right.

Hopefully at some point in the next year or so it will recover earnings to around 20p at which point the p/e will be about 8 at 180p.

[hazl] 19/8/2021 18:01

How about sooner?

[rigsby68] 12/8/2021 22:52

RFX will be 240 next year

[hazl] 12/8/2021 19:07

Although these appear to have had a consistent rise I still maintain they are so undervalued.

An example is in the amazing low P E ratio of only 8.528.

IMO

[hazl] 12/8/2021 12:04

Looking good.

[hazl] 11/8/2021 16:42

Brilliant high!