Ramsdens Share Discussion Threads

[solarno lopez] 15/1/2024 08:58

Plenty of reasoned comment and however you look at Ramsdens its:

Profitable

Solid asset base

Cash at bank

Regular and sustainable dividend

etc etc etc

[yump] 15/1/2024 08:35

The trading statement is actually balanced. The rating is a mystery, perhaps it is just an income stock and growth investors want something tecchie and with exciting buzzwords.

[yump] 15/1/2024 08:31

Thats just you and thats been going on for years, so there’s no sudden gloom attached to that.

[basem1] 15/1/2024 08:29

Well we have numerous holidays every year and never need any FX All spend is on cashback debit cards at international rate which is better than the exchange rate for FX All family members do the same FX is a thing of the past now This stock is now ex growth imo

[ingham87] 15/1/2024 08:24

This is still an outstanding buy

[bookbroker] 15/1/2024 08:21

Market always a contrarian, watch sales of which are a significant investment by this this company stagnant or falling. Likewise FX not as strong as it could have been, and the largest contributor historically. Sure gold price rising a big positive, but how much gold have people left to pawn or will they hang on to it in a rising price environment. Still a decent business, but the market has never given the company credit. More like a dividend stock!

[hpcg] 15/1/2024 07:55

bookbroker - I can't agree about red flags; I presume you are talking about the trading update at the end of the RNS? With product lines either flat or growing then the business is still moving forward. Last years excellent results aren't reflected in the share price at all, which were better represented by the 260p level of last June.

[yump] 15/1/2024 07:50

The whole report shows the benefit of different parts of the business being a hedge against each other.

FX still not recovered and yet there’s been a jump in profits in a year of challenging economic issues for much of the UK.

I thought that was the whole point of being invested in RFX / its a bit of a hedge against economic downturns.

If it was on a pe of 20 that would mean taking a slightly different view.

[rimau1] 15/1/2024 07:37

Really bookbroker, bit harsh! Pretty consistent messaging throughout 2023 on costs with cost pressures well flagged, FX slightly subdued was a surprise. Net cash of £5m, yielding 5% and on historic 9x earnings and a growing loan book i think its steady as she goes and current trading is in-line. I'd certainly top up if we drop below £2

[bookbroker] 15/1/2024 07:25

Some red flags there!

[18bt] 15/1/2024 07:21

Great set of results, but some caution over the current year. Decent beat of market forecasts and PER of less than 9x. Still loooks lower risk good value with c5% yield.

[lammylover] 12/1/2024 11:57

RFX share price at 212p is a screaming buy. However private investors and funds seem in short supply at the moment. I'm expecting an excellent update on Monday and hopefully some media coverage to bring the buyers back!

[xamf] 12/1/2024 11:11

In October RFX said they anticipate record full year profit (before tax) of over £10m (FY22 £8.4m).



Full year results are out Monday (15th Jan).

[hazl] 05/1/2024 13:19

15 January.

[lammylover] 28/12/2023 07:38

Actually what was noticeable about yesterday's rise was the lack of large sellers.
For a long period now, a couple of funds have been reducing (presumably to pay back private investors withdrawing from said funds) and the fund managers have sold into any price increase to take advantage of the liquidity.

Yesterday that large selling was absent - perhaps due to the holiday period or hopefully because they are now done? Time will tell.

Regardless RFX is still daft cheap at current price - remember these shares hit 265p in the summer on results and I fully expect price to exceed this later this year. Broker target 290p which is achievable in my view.

[tudes100] 28/12/2023 02:28

thin trade

[cravencottage] 27/12/2023 10:40

Tipped somewhere?

[xamf] 20/12/2023 13:52

This was a no brainer around 200 after their update regarding expected record FY profits.

[lammylover] 15/12/2023 16:41

Added a few more today, daft not to at the current price.

[yump] 14/12/2023 13:16

I must look out for that - there's a Next 5 mins away from me !
;-)

[lammylover] 14/12/2023 12:46

Yump - agreed mate. But that's the general public for you. They will buy assets (houses, cars etc) at top dollar price cos everyone else is paying top dollar. Look at the so called race for space, where people were outbidding each other for houses causing a bubble! Then when property drops 10-15%, sales slow right down.
Unfortunately people move in herds and feel safe to follow the crowd; buying at peaks and often selling at a loss. They just don't get it and its just plain daft. And yet as you say, they will all be queuing up outside Next on Boxing Day to save 30% on shoes or new outfits...

[yump] 14/12/2023 12:33

Always amazes me. If people see a 30% off sale of their favourite shoes, they'll break the doors down.

[lammylover] 13/12/2023 15:51

I'd agree with you on forced selling if it was just big blocks - yesterday there were a couple of 8000 blocks go through and then over 9000 shares sold in one block. Clearly this is probably a fund, reducing.

However this then gets the market makers dropping the bid hard, and loads of smaller sellers panic when share is down 5% in minutes. This is what I describe as the weak hands, who panic sell like a stampede of wilder beasts at the first sign of any trouble.

I guess its just AIM, where you need to have the power of conviction to hold and add more when you get cheap shares available, begging to be bought.

[hpcg] 13/12/2023 14:43

It is not weak hands, it is forced selling. For example Downing Street Micro Cap is winding up and they have a holding which they have to work out. I don't have a huge holding here but, if timing on a couple of special situations is propitious I will increase. Agree on the spread, it is a real weakness on non-SETS stocks and of course illiquid small caps.