Ramsdens Share Discussion Threads

[hazl] 10/1/2022 15:39

Pleased to see RFX haven't followed the general trend today.
With this and BOOM doing well,it's good to have the odd rose among the thorns.

[hazl] 09/12/2021 13:41

Excellent !

Dartington got over 5.00% stake.



Bodes well.

[hazl] 02/12/2021 09:07

Slowly slowly.

[hazl] 25/11/2021 11:21

Oh well done Ramsden!

[gswredland] 25/11/2021 09:36

Tipped somewhere? Sudden rise...

[hazl] 10/11/2021 16:11

Luckily it has various strings to

it's bow IF that proves to be the case.

Good management always re invent themselves anyway.

IMO

[yump] 10/11/2021 14:39

Thats a good point. Certainly don’t want to commit to a long term investment in a structurally declining market.

[eezymunny] 09/11/2021 09:09

I wonder if people will continue exchanging lots of Forex for their holidays on the high st, or whether so many transactions are now done cash-less, that the forex business here shrinks away over time. I guess for now we'd all like at least some foreign currency in our wallet (but much less than in years past?)

[hazl] 04/11/2021 11:36

Welcome gs.

[gswredland] 03/11/2021 10:20

Thanks Ninja
Thinking of getting back in

[hazl] 03/11/2021 07:32

Thankyou Red Ninja.


A good report and fair in my opinion.

[red ninja] 01/11/2021 14:42

Downing Strategic Micro Cap half year report comment :-



Ramsdens Holdings PLC (Ramsdens) (7.17% of net assets)
Cost: £3.08m. Value as at 31 August 2021, £3.45m
Background
Ramsdens is a growing, diversified, financial services provider and retailer, operating in the four core business segments of foreign currency exchange, pawnbroking loans, precious metals buying and selling and retailing of second hand and new jewellery. Ramsdens does not offer unsecured high-cost short term credit. Headquartered in Middlesbrough, the group operates from 157 owned stores within the UK and has a growing online presence.

Update to the investment case
Resilient performance despite Covid
Optimistic of rebound in FX business as foreign travel restrictions are lifted
Strong revenue growth
Balance sheet remains strong
Confident management team, positioning the business for growth
Progress against investment case
Ramsdens most recent results highlight the resilience of the group’s diversified business model. The group 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 lockdown. International travel restrictions also had a material impact on the group’s foreign exchange business. However, the company has delivered a robust performance, with its pre-tax loss limited to £0.1 million, representing a strong result under the circumstances.

Part of the initial attraction to Ramsdens for us was the strong balance sheet, which remains strong despite the challenges. The group 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 pandemic disruption and lockdowns. Ramsdens’ management team remains confident and is positioning the business for future growth. It has reported a pipeline of six new stores and is investing in the continued growth of the company’s online presence. We believe that Ramsdens is well positioned to resume its growth trajectory as restrictions are lifted and outperform weaker competitors as trading conditions normalise.

[hazl] 28/10/2021 14:05

Same as everywhere else.
General market.

[gswredland] 28/10/2021 11:53

I wonder what has brought in the sellers?

[hazl] 28/10/2021 11:33

The school holidays are upon us - are you going on a half term break?
Don't forget your travel money with Ramsdens!

Buy Now!

Find your local branch

[hazl] 28/10/2021 11:31

Ramsdens' ought to do alright compared to some stocks I would have thought.

[hazl] 18/10/2021 16:23

I think apart from the 'exciting' bit my first sentence rather says the same?

'The currency for the better times of travel and pawnbroking if things get worse.'

Good to have the two sides to their business ,one for good times one for not so good.

As to the comment about the online offering ,I was referring to their items for sale which last time I looked, was far superior to that shown before.

[yump] 07/10/2021 18:34

The issue is that I don't think it will be very exciting. The way one part of the business hedges against the other, stabilises earnings under normal circumstances, but its difficult to see how both pawnbroking and FX can both end up on growth paths.

Using the cash for expansion might liven things up a bit, especially if they can take over struggling businesses. Enhancing earnings without placings is nice, but of course they've already raised cash, so kind of false benefit in part.

[hazl] 07/10/2021 10:33

The currency for the better times of travel and pawnbroking if things get worse.
Either way it has really sharpened up it's act.
When I think of the difference between the online offering when I first perused this share, compared to their offering now it is amazing.

[hazl] 07/10/2021 10:25

I agree about the pawn broking and saw this as a bet either way....in bad times or good.

[hazl] 07/10/2021 10:24

'The Group's balance sheet and liquidity remains strong with cash of approximately GBP13m at the Period end. '

Can't believe I missed this today!

[yump] 07/10/2021 09:31

Still a long way to go back to pre-covid profit levels, but the final outcome could well be higher profits in pawnbroking (several years of pain coming for more people), plus a full recovery of travel fx, although the latter is a big assumption if there’s less spending money.

[hazl] 24/9/2021 15:31

Jolly good.