Ramsdens Share Discussion Threads

[lammylover] 15/2/2024 15:42

Ex dividend date today (7/1p/share) so bound to be down a bit; however the seller who keeps dropping 9000 share blocks is still hanging around like a bad smell.

[doobz] 02/2/2024 14:08

topped up fairly heavily at 192, silly discounts at these levels. No real red flags for me on this one

[lammylover] 02/2/2024 12:20

Market makers have walked this down to 190/185p.
Virtually all buys today, so where's all the supply of shares coming from below 190p?
Frustrating watching this - no doubt MMs will slip some big sells in after the market closes, or perhaps blend them back in over the next few days...

[lammylover] 31/1/2024 09:05

Chunky 12,500 share buy at 197p - RC Turner - Well done, great value at this price.

[rcturner2] 31/1/2024 08:26

I am in at 197p this morning.

[hericsaba] 23/1/2024 12:36

Definitely a buying opportunity for newbies.Good luck! :)

[hpcg] 23/1/2024 12:18

We had the forward view from the company a week ago, so just the slings and arrows of the market.

[yump] 16/1/2024 14:17

People are pawning their belongings instead of taking out payday loans! (claims company parasites have killed quite a few off).

Don’t know what’s worse.

I’m waiting for the street battles between the timeshare parasites and the “have you been sold a timeshare and are not happy” claims parasites.

That would make a good TV series.

[tp6] 16/1/2024 11:41

Comment in today's Telegraph:It said that its pawnbroking loans had risen 20pc and it said that it had been helped by the reduction in the number of payday lenders.Ramsdens has been expanding its presence in the South East and noted the "broader demographics seen in the southern communities in which we operate allows for higher loan values with higher carats of gold jewellery offered as security for a loan".

[cravencottage] 15/1/2024 20:36

Simon says " Buy"

[lammylover] 15/1/2024 19:20

Covered by The Times today as well as by Investors Chronicle.

[asagi] 15/1/2024 17:23

comparing with last year's statement, pledge book at the end of Q1 is 16.5% up on the prior year.

Might have encouraged the market a bit more if that had been enumerated with today's announcement.

Asagi (long RFX)

[rimau1] 15/1/2024 16:01

ST reiterates buy given the harsh pullback today. Should bounce into the close

[blueflex2] 15/1/2024 15:52

MMs are doing tree shake today.

[riverman77] 15/1/2024 15:19

Yes overall results were very good. RFX has been weak recently, having fallen from 260p in June and pretty much missed out on the end of year rally. Really can't see any justification for further weakness on top of what we've already seen, so took the opportunity to add a few this morning.

[blueflex2] 15/1/2024 15:08

Good result. Undervalued now.

[jdh1602] 15/1/2024 14:36

They've also launched a new multi-currency card at the end of last year, which should help with FX market share

[jdh1602] 15/1/2024 14:33

Simon Thomson, Investors' Chronicle, just now...
"It means that Ramsdens’ shares are rated on a lowly price/earnings (PE) ratio of 8.5, offer a prospective dividend yield of 5.4 per cent and trade on 1.3 times book value despite boasting a heavily asset-rich balance sheet. That’s a low rating for a company that has just delivered a post-tax return on equity of 17 per cent. It’s worth flagging that Ramsdens is forecast to deliver growth even after absorbing the 10 per cent increase in the national living wage in May 2024 and £0.4mn higher energy costs this year, a reflection of the strength in its underlying businesses."

[phar lap] 15/1/2024 13:45

Graham Neary has done a review of the the results in the Small Cap Value Report on Stockopedia



Summary below

Ramsdens Holdings (LON:RFX) - down 5% to 205p - Annual Results - Graham - GREEN

The market seems disappointed with a muted Q1 trading update, but the PBT estimates for the current financial year are unchanged. I remain a big fan of this company - offering net cash, a good yield, store expansion, and a proven business model at a cheap P/E multiple.

Also he mentions update from Liberum regarding FY2024

Estimates at Liberum for underlying PBT are unchanged for the current year, FY 2024. They raise their revenue estimate but reduce their margin estimate due to a greater emphasis on jewellery retailing. The net result is no change in the underlying PBT estimate, which they see increasing from £10.1m to £10.5m.

[asagi] 15/1/2024 12:32

they had to say something about trading since year end and did. They also put numbers to it.

Remember that the income lags pledge book growth, so there is still growth to come through from that, also we hope that weekly performance of new stores will improve as they bed in.

Asagi (long RFX)

[hpcg] 15/1/2024 12:29

XAMF - I have to disagree there, the directors should say it as it is. Investors can make their own decision based on the information available. Companies that either obfuscate or are not in touch with their own business performance ultimately get punished while those that provide conservative guidance get a rating that sees through short term cycles.

[lammylover] 15/1/2024 11:56

Pretty harsh mark down this morning, but an opportunity to add more below £2.00.
Okay Q1 watch sales and FX a little flat, but RFX directors clearly have a plan to expand the Retail Outlets (162 + 9 more to add this year; of which 3 were already added in Q1) and increase online sales.

I've got confidence in this Board and thought the report was excellent in its details' both opportunities and risks.

I suspect its a case of "under promise and overdeliver" again for a well run business.

[asagi] 15/1/2024 11:35

I don't think there is anything in today's report that we didn't already know, is there, apart from the exact numbers that is.

I'd like to see them add another revenue stream to their business but for the life of me cannot think of one!

Asagi (long RFX)

[rimau1] 15/1/2024 11:23

Well my £2 limit order got filled earlier