Ramsdens Holdings Plc

2.50 (0.96%)
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 0.96% 262.50 153,818 14:04:51
Bid Price Offer Price High Price Low Price Open Price
260.00 265.00 272.50 259.50 260.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Finance Services 66.10 6.59 20.80 11.76 83.06
Last Trade Time Trade Type Trade Size Trade Price Currency
17:07:58 O 3,100 262.50 GBX

Ramsdens (RFX) Latest News

Ramsdens (RFX) Discussions and Chat

Ramsdens Forums and Chat

Date Time Title Posts
08/6/202318:48*** Ramsdens ***2,147
08/10/201911:04Where will this one stop.82

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Ramsdens (RFX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-08 16:07:58262.503,1008,137.50O
2023-06-08 15:29:29263.74185487.92O
2023-06-08 15:09:44263.743,0007,912.20O
2023-06-08 15:00:06260.403851,002.54O
2023-06-08 14:45:47264.001,7254,554.00O

Ramsdens (RFX) Top Chat Posts

Top Posts
Posted at 08/6/2023 18:18 by yump
Without any stats. they are all meaningless.

If you choose to splash bits of snake oil around, then expect ridicule.

There is enough ignorance around without knowingly adding to it.

In terms of charting, if you actually bothered to note the more supposedly significant movements, the upward curve of the upper and lower trendlines that has been happening, at least gave some evidence that RFX was creating increasing investor confidence. It was curving up, not just linear.

The rise off 210p jumped the lower trendline in place since the 2020 lows.

Posted at 07/6/2023 13:03 by hpcg
I agree, trading this is very difficult. I think it is possible to go temporarily overweight at the trend line and reduce ones basis. It is the trend line itself that makes this a very comfortable hold and accumulate. Needless to say it is worth buying now - if it wasn't it wouldn't be worth holding. On what IC2 wrote, there may have been purchases from the beginning at 2020 that exit now they are in the money on a price basis. I would think a lot of that has happened already, and around the 200 level. Volume charts show the pandemic selling was really where people exited so I would think more selling would come from holders trimming. The trend line is shallower given the risk free rate, but it should handily beat short term cash and thus keep outperforming.
Posted at 07/6/2023 08:37 by se81
From liberum this morning- a hugely detailed note with some comparison to HAT- worth getting your hands on if you can

"30%+ revenue growth across key divisions in H1 is no
mean feat. The combination of strength in the existing store
network and better than expected new store performance
sees us raise estimates for a fifth time in just 12 months. We
get into the weeds of pawnbroking accounting,
benchmarking Ramsdens versus H&T. We conclude that,
while both are great businesses, Ramsdens’ more
transparent loan book, diversified revenues, and higher
return on equity deserve a relative premium. Ramsdens is
trading on only 10x P/E, with the market still failing to price
in upgrades ahead of time. BUY, TP up from 280p to 290p"

Posted at 07/6/2023 07:10 by hazl
Posted at 06/6/2023 10:32 by asagi
I don't know if anyone else has but I tried out their service.

not spent any money with them but I do regularly look at their website. It does seem slightly larger than the H&T site, with Ramsdens having 600 Rolex watches for sale versus H&Ts 500.

I prefer Ramsden's website.

Results tomorrow.

Asagi (long RFX)

Posted at 12/5/2023 03:08 by tudes100
Liquidity across the board in small caps has been terrible YTD & almost dried up for companies that have been thinly traded like RFX. Not sure it ever says too much about prospects. HY results on June 7th
Posted at 06/4/2023 13:52 by asagi
ST has just updated his buy rec in the IC. Target price £2.80

very surprised that we haven't seen a better response from the share price if that's the case rimau1 (not that I disbelieve you).

Asagi (long RFX)

Posted at 02/3/2023 16:42 by lammylover
Lets hope its starting to turn ready for the next leg up.
I've no problem holding RFX for extended time as its a rock solid stock with cash pile and no debt. I guess racier investors (aka traders!!) won't like the fact that it doesn't produce much news i.e. pawnbrokers don't get contract wins etc!, so we have to wait a while between results to get the share price moving again and for tipsters to even mention it.

Posted at 05/2/2023 23:11 by iamnotanumber6
Write up in last Thursday's Shares Magazine:

Why shares in pawnbroker-to- jewellery retailer Ramsdens have further to rise

It's not too late to ride the rally

Pawnbroker-to-jewellery retailer Ramsdens (RFX:AIM) has rallied hard off its Covid lows and shares in the Middlesbrough-based company are up 18% year-to-date. Yet despite such strength, we think the share price rise has further to go, with group profits now ahead of pre-pandemic levels. Consider this a short-term trade rather than a long- term investment.

Like peer H&T (HAT:AIM), Ramsdens is benefiting from the cost-of-living crisis, yet the pressure on disposable incomes should only intensify from here, suggesting investors might be willing to pay a higher multiple of earnings (a 'rerating') given the positive tailwind for the company's earnings.

Guided by CEO Peter Kenyon, the diversified and defensive financial services provider and retailer operates from 158 UK stores and has a growing online presence.

Results for the year to September 2022 breezed past previously upgraded estimates, with underlying pre-tax profit rising from £600,000 a year earlier to £8.3 million on revenue up 63% to £66.1 million.

Profit growth was mainly driven by a rebound in Ramsdens' foreign exchange volumes and increased demand for its value-for-money jewellery. 'This momentum continued through Q1,' said Kenyon, 'with strong jewellery sales during December driven by continued consumer demand for premium watches.'

The £71 million business is seeing strong trading in its pawnbroking arm, a beneficiary of rock- bottom confidence around personal finances being helped by weaker consumer credit competition.

It is also worth noting that Ramsdens' retail jewellery sales are spread equally across premium watches, new jewellery and pre-owned jewellery. Growth in Ramsdens' precious metals buying business should be supported by the gold price remaining high.

Admittedly, there is a risk that foreign exchange demand falters as some customers buckle under the strain of rising interest rates and energy bills, but there is also the possibility the average consumer prioritises a summer holiday and needs travel money, which could offset a drop-off in demand from lower income customers.

'We strongly believe that Ramsdens can deliver growth in any environment provided that stores remain open,' says Liberum Capital.

The broker has increased its 2023 underlying pre-tax profit forecast by 4.7% to £8.9 million and its earnings per share estimate by 6.1% to 21.3p, estimates leaving Ramsdens on an undemanding prospective price to earnings ratio of 10.7-times.

Liberum argues Ramsdens is 'significantly undervalued' given that net cash of £8.8 million plus inventory of £22.8 million speak for roughly 45% of the current market cap. Liberum forecasts a rise in the dividend from 9p to 9.6p for the current year, implying a prospective yield of 4.2%.

Posted at 10/12/2020 10:56 by riverman77
I hold HAT and debating whether to switch to RFX.

HAT appears to still be a bit cheaper from what I can see. Assuming EPS returns to 2019 levels at some point, HAT is on 6x multiple, while RFX is on 6.5x. HAT is is also on a discount to book value, while RFX slightly above. Both have strong cash positions accounting for around a third of market cap.

On the other hand, RFX share price is 45% down since early Feb, while HAT is down 30%. RFX not yet seen a big rally to reflect a recovery in its FX business, which we've seen across the travel sector. So perhaps more upside from a simple mean reversion perspective.

HAT still has the FCA investigation hanging over it, so that is something else to consider.

Ramsdens share price data is direct from the London Stock Exchange
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