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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ramsdens Holdings Plc | LSE:RFX | London | Ordinary Share | GB00BDR6V192 | ORD GBP0.01 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 2.50 | 1.28% | 197.50 | 75,212 | 13:18:49 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 195.00 | 200.00 | 197.50 | 195.00 | 195.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 83.81M | 7.76M | 0.2451 | 8.06 | 61.7M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 15:09:37 | O | 9,705 | 200.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 01/7/2024 | 07:00 | UK RNS | Ramsdens Holdings PLC Nominated Adviser and Broker |
| 05/6/2024 | 16:32 | ALNC |  EARNINGS AND TRADING: STV sees advertising upturn; Angle loss narrows |
| 05/6/2024 | 11:42 | UK RNS | Ramsdens Holdings PLC Holding(s) in Company |
| 05/6/2024 | 07:00 | UK RNS | Ramsdens Holdings PLC Interim Results - six months ended 31 March 2024 |
| 24/5/2024 | 10:51 | UK RNS | Ramsdens Holdings PLC Holding(s) in Company |
| 24/5/2024 | 07:00 | UK RNS | Ramsdens Holdings PLC Notice of Interim Results Investor Presentation |
| 23/5/2024 | 07:00 | UK RNS | Ramsdens Holdings PLC Forthcoming Board Changes |
| 16/5/2024 | 07:00 | UK RNS | Ramsdens Holdings PLC Notice of Interim Results |
| 14/5/2024 | 12:59 | UK RNS | Ramsdens Holdings PLC Holding(s) in Company |
| 30/4/2024 | 13:03 | UK RNS | Ramsdens Holdings PLC Director/PDMR Shareholding |
Ramsdens (RFX) Share Charts1 Year Ramsdens Chart |
|
1 Month Ramsdens Chart |
Intraday Ramsdens Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 19/7/2024 | 06:50 | *** Ramsdens *** | 2,496 |
| 08/10/2019 | 11:04 | Where will this one stop. | 82 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-07-26 14:09:39 | 200.00 | 9,705 | 19,410.00 | O |
| 2024-07-26 13:13:15 | 196.00 | 6 | 11.76 | O |
| 2024-07-26 12:39:57 | 197.00 | 2,000 | 3,940.00 | O |
| 2024-07-26 12:24:10 | 197.00 | 2,500 | 4,925.00 | O |
| 2024-07-26 11:24:36 | 194.90 | 1,035 | 2,017.22 | O |
| Top Posts |
|---|
Posted at 26/7/2024 09:20 by Ramsdens Daily Update Ramsdens Holdings Plc is listed in the Finance Services sector of the London Stock Exchange with ticker RFX. The last closing price for Ramsdens was 195p.Ramsdens currently has 31,643,207 shares in issue. The market capitalisation of Ramsdens is £62,495,334. Ramsdens has a price to earnings ratio (PE ratio) of 8.06. This morning RFX shares opened at 195p |
Posted at 25/6/2024 08:14 by lammylover I think its just summer drift, bigal47, when not much happens and daily volumes are low, so the market makers take the opportunity with any share sells, to drop the bid hard and open up the spread; shaking out weaker hands at a low price.Personally I see RFX as a rock solid investment with good dividends - others who are trying to trade it, will want to be in and out quickly, and won't have the patience to wait for the next key dates which are 5/9/24 for ex dividend at 3.6p/share and the pre close update for year end, in early October (date tbc, was 10th October last year). Any decent price drop is a buying opportunity to acquire more, IMO! |
Posted at 11/6/2024 07:59 by lammylover Good discussion last night on Mello over the merits of Ramsdens. Mark Simpson put forward a strong case for RFX being undervalued (p/e x8)and that there was still good growth to come with the 4 income streams.RFX key metrics were compared to H&T metrics which Kevin Taylor said he preferred (as he is a holder), but said he could be persuaded to buy RFX shares. At the end of the discussion, both panel members rated RFX a buy. All Mello viewers were invited to vote, results as follows: Buy = 34% Avoid = 11% Sell = 0% Hold = 55% |
Posted at 06/6/2024 06:25 by lammylover Simon Thompson's article in Investors Chronicle yesterday (RFX 195p)This bargain stock could deliver another year of record profits The lowly rated financial services group is benefiting from buoyant precious metal trading, a rising pledge book and resilient jewellery sales Middlesbrough-based financial services group Ramsdens Holdings has delivered a bumper first-half performance that underpins expectations of another set of record annual profits. In fact, with first-half pre-tax profits up 8 per cent (£0.3mn) to £4mn, house broker Liberum Capital notes that there is scope for outperformance of its full-year estimate of £10.5mn, which only embeds 4 per cent (£0.4mn) annual growth. I would agree, especially as the directors are clearly confident of delivering another record year of profits. They have every reason, too. Reasons for optimism Firstly, cost of living pressures mean that more customers are now looking to sell unwanted jewellery, gold and precious metal items to raise cash. The trend is also being driven by greater media coverage and a buoyant gold price, which have increased consumer awareness. First-half revenue from these activities increased by 35 per cent to £14.1mn and boosted divisional gross profit by a quarter to £5mn. Trading prospects remain overwhelmingly positive, so much so that Liberum raised its full-year divisional gross profit estimate by 7 per cent to £9.9mn, or a fifth of the group forecast of £49.4mn. Secondly, the challenging economic conditions and weaker consumer credit competition in the pawnbroking space have resulted in rising numbers of new customers willing to pledge their assets as security against a six-month high interest loan. Ramsdens’ pledge book increased 12 per cent year on year to £10.8mn, with the average loan value of £346 rising 10 per cent. With restrictions on other forms of small sum credit – peers such as NSF, Amigo and Morses have all run into difficulties due to company-specific or regulatory issues – and household incomes being squeezed by higher bills, there is real potential for the segment to outperform Liberum’s full-year gross profit estimate of £11.4mn. In the first half, divisional gross profit increased 15 per cent to £5.6mn. Thirdly, the jewellery business delivered 6 per cent higher gross profit of £6.7mn on flat revenue of £17.5mn despite weakness in premium watch sales, which account for half of online retail purchases. This was mainly caused by the group’s third-party retail finance provider reducing approval rates for big-ticket purchases (more than £2,000) as it was in the process of exiting the market. Ramsdens has now replaced its primary finance provider and is now benefiting from higher online sales of premium watches (average sale price of £3,800). Liberum is pencilling in full-year divisional gross profit of £13mn, a conservative estimate given the ongoing improvement in higher-margin pre-owned jewellery sales and the recent rebound in premium watch sales, both of which account for 35 per cent of divisional sales. Fourthly, the balance of analysts’ full-year gross profit estimates are from the group’s foreign currency exchange business. In the first half, gross profit from this activity edged up to £5mn, representing a third of Liberum’s full-year estimate. The business has a second half weighting due to the summer holiday season, so it’s reassuring to note that chief executive Peter Kenyon is “sitting quietly confident at this stage”. The board was certainly confident enough to hike the interim dividend per share by 9 per cent to 3.6p. Unwarranted low rating Even though there is a good chance that Ramsdens will outperform full-year earnings forecasts, its shares only trade on a forward price/earnings (PE) ratio of 8.1 and offer a healthy prospective dividend yield of 5.6 per cent. Moreover, the balance sheet is heavily asset-backed, so a price/book value ratio of 1.17 times seems overly harsh for a business that is delivering a respectable post-tax return on equity of more than 15 per cent. Buy. |
Posted at 27/5/2024 20:19 by lammylover The only risks I see are:- Higher wage bill (which Board referenced in previous update) - Slowing sales of high end jewellery particularly watches (seen at Watches of Switzerland) - More foreign travel, but customers taking less FX cash. Positives for me (and I've got a decent sized holding): - Well run business and good Board who make decisions in growing the business in a steady and profitable way to the benefit of all (including shareholders with decent dividend) Low risk, cash rich. - As growing business, moving into new territories (S/East) where loans should be bigger. Also have taken opportunities to move existing shops into better locations when leases come up for renewal. - High gold price, due to global tensions (Ukraine, Gaza) = Massive positive here! - Cost of living crisis, where lots of people need short term loans. - Lower cost jewellery popular Lastly, business has had best year but share price at 200p, is 30% below year high price (due to Institutional Investors reducing holding - perhaps because they have returned private investors cash - who have jumped into US tech stock / AI bandwagon....which is probably a bubble) I expect investors to return into AIM soon, as we have seen on FTSE350 last month. Personally I believe this is a rock solid investment at this level and broker target 290p is easily achievable later this year. |
Posted at 14/5/2024 14:39 by lammylover Thanks Sheffield Owls,I've contacted Peter a few times and he always comes back quickly and with good feedback. Recently I contacted him about the Downing Fund apparent anomaly, where they were planning on winding up the Micro Cap Fund (including selling RFX shares) and returning funds to Investors; yet on the other hand opening up a new Fund, focused on IHT preservation, which perversely included buying RFX shares! Peter's thoughts at the times was that I should take this up with Downing. I suspect that he wouldn't want to offend any Fund investing in RFX and would say that it would be best to contact Otus in this circumstance. Having crunched the numbers, it appears that Otus big reduction this time is around 1.5m shares sold, and there have been some big trades over the last week. There may have been other players at work over the last few months when the share price has stagnated around 190p and price doesn't rise, however many private buyers such as yourself(and me)add to their portfolios. We can only hope eventually, these sellers finish and move on elsewhere and also that private investors return, as they see the UK share market moving upwards as the macro situation improves. |
Posted at 26/4/2024 13:46 by lammylover Milkwood blocked Downing from selling their RFX holding in their Micro Fund; and rather bizarrely Downing are now adding RFX to their new IHT fund...Looks like there is another seller somewhere...probably forced due to private investors withdrawing monies from a fund. Crazy, with AIM stocks being massively undervalued, and RFX being one of the most solid stocks out there. Any sensible PI would be filling their boots at this level! |
Posted at 13/3/2024 10:56 by lammylover Spotted something interesting about Downing Funds:On the one hand they are closing down their Strategic Micro Cap Investment trust fund which included a declared 9.99% holding in RFX, but on the other hand they are inviting private investors to put funds into their AIM Estate Planning Service ISA in readiness for the new tax year. And yes, you've guessed it, this includes putting money back into RFX! One of the shares featured in their on line prospectus. I guess having sold off and driven down the share price of RFX over months to return capital to their old investors, they will then build a new holding in RFX pushing the share price back up for their new investors!! If I'm correct, its crazy stuff.. |
Posted at 26/2/2024 09:44 by lammylover BaseM1 - RFX has never been rated a "growth stock", although it has grown (revenue up 27% in last year) and will continue to grow, albeit slightly slower!The key metrics here are: Market Capex at £1.80 = £56.97m Net cash = £5.039m Pre tax profit = £10.1m Dividend = 10.1p (5.6% yield) So if you were wealthy enough, you could buy this business, and it would pay for itself in about 5 years!!!! A screaming bargain - we just need to wait for the 2 funds who are selling / closing to clear their positions and share price will rise again. Unfortunately many Private Investors have sold their positions at rock bottom prices, due to fear that there is something amiss. The only risks here in my opinion are a) People no longer buying high end watches (we've seen this with WOSG), but we know people bought cheaper watches / jewellery instead. b) Higher energy costs (not coming down) and higher minimum wages - both recognised by the Board in their RNS updates. c) Gold price dropping if conflict in Gaza / Ukraine cease, hopefully. Against that there are loads of positives a) Demand for pawnbrokers b) RFX have added more shops including in S East and moved to better parts of towns when leases came up for renewal, for better footfall. c) More people travelling abroad should increase demand for FX d) No debt, profitable business with good dividend. I see this as the type of business that small investors will pile back into when the BoE drop base rate and banks / buildings societies drop savings account rates. |
Posted at 23/2/2024 07:26 by lammylover Absolutely 100% agree riverman - Same thing happened at MEGP, with Fidelity selling off their MEGP shares and driving down the share price 35%. Then results are published (exactly as per trading update and guidance a couple of months ago) and the share price lifts 20% in a day and everyone wants to buy in!The reality is that there are few private investors buying AIM at the moment, either haven't got cash; putting money into building societies paying 5% interest or just scared about UK economic climate. And that pretty sad really, as there are loads of absolute bargains to be found; great small companies producing record results, but unloved by the general public. Of course, once it becomes clear that the UK economy is growing again and the funds start to buy again, joe public will also get involved - but by then the bargains will have gone.. |
Posted at 12/1/2024 11:57 by lammylover 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! |
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