|Buys coming through, still being held back by the MMs, get the impression they are attempting to fill an order, once done it should move forward!|
|Still seems to be off the radar, but it appears to be undervalued on recent statement, dislike pushing stocks, but came to my attention on the basis off current trading and the fact that it is predominantly a Northern business, much to play for particularly in the south. Pawnbroking just a part of the business, but take the view that if folk short of dough they may be interested in monetising their valuables, seems a well-run business, still working off that gap up recently, but has now closed it, like to see a move higher again before upping stake!|
|You are right RP., it is merely the gap being closed, made an early entry, but this is fundamentally a good co. based in the right locations to provide service!|
|Even with an apparent first half bias, the HY '17 figures compare very favourably to the FY '16 figures for the currency and precious metal business segments.|
|Friggin MMs closing the gap, all buys essentially and no positive move, they must have been holding, because they are certainly not short, and now the spread is five pence, trying to hold it down!|
|Agreed - under the radar at the moment|
|Just purchased some on the current weakness. Looks a nice little business to me.|
|Someone asked about the figures, P26 of the admission document, it does not give the forecasts so you have to draw your own conclusion, still closing the gap on last update it seems!|
|Had an inkling this would fall to close the gap from last trading update, however it'll remain on an upward trajectory again very soon, I'm not why posters above cannot draw a conclusion to the upgrade, basically look at the half year figures in the prospectus, and you will see the level of of growth they are looking for year on year. If you are still not sure, ring Liberum and ask them for an analyst note regarding the forecasts, this is a growing business in this impoverished land we live!|
|battlebus it`s easy to work out.
take 17% off 11.68p, = 9.69p a share.|
|Strange RP that's all I have too, nothing for 2017.
P/E PEG EPS Grth. Div Yield
31-Mar-18 36.44 4.49 11.68p 10.2 0.6 +17% 6.49p 5.4%
31-Mar-19 41.00 4.99 12.96p 9.2 0.8 +11% 7.14p 6.0%|
|Does anyone know market expectations for year end 2017? I can't find info in the admission doc. The share centre has estimates for 2018 (£3.6m profit and 11.68 eps) and for 2019 (£4.0m profit and 12.96 eps) but nothing for 2017. Thanks.|
|Just back from my hols, managed to read the trading statement on route to the airport, good to see the gains have held.
Good positive short video about Ramesdens below.
|Check the admission document, that's on the co. website, suggests that these are grossly under-rated, even if the second half seems to be the weaker half, but in the current environment, the clamp down on pay day lenders, the tightening of credit by the banks, the indentedness of the poorest, these could do very well, that is on the proviso that the management keep a tight hold on this business, and as long as they do not go for broke all in one go - excuse the pun!!|
|Does anyone have any forecasts for the current year? Have looked at Dig Look and there is no data. I've emailed IR but no response yet.
|Think this is being suppressed to allow a stakebuilder, plenty of buys going through, and all being absorbed!|
|They are much more careful now
procedures have changed since then
they don't hold on to the PM's as long as they used to in the past
also this is quite a diversified business
Segmental gross profit split for FY16:
Foreign currency 35%
Purchases of precious metals 18%
Retail jewellery 14%
Other services 7%|
|Bought a few here, at this rate we'll the PM. side of the business doing good soon, but they need to be disciplined, saw what happened to Albermarle and Bond, lost the plot exchanging too much gold and silver from hard-up clients, left standing in the the last precious metal blow-out! That might deter investors, for fear off history repeating itself, but the way consumer debt is in this country, we might see much more of the family silver on the block!|
|Trading update, which I expect to be positive on Tuesday.|
|I Suppose Liberum are waiting for after results, before issuing there note.|
|Ramsdens Holdings PLC will be releasing a pre-close trading update covering the year ended 31 March 2017 on Tuesday 11 April 2017.|
|Has the house broker Liberum published any forecasts yet ?|
|Good to see a recovery yesterday, especially on small volumes.|
|Just noticed the Naked trader has purchased some of these a few weeks ago.
I bought some Ramsdens (RFX). No, not fish and chips that's Harry Ramsdens you plank!
An interesting one I think, it's a pawnbroker with 127 shops across the country. But it does other stuff too. Like foreign exchange and buys and sells metals.
Bit of a wheeler dealer of a company basically. If it plays its hand right could do well on the markets.
What's interesting is it's going to use money raised to buy up rivals to expand. Head cheese is one of the company's biggest shareholders which is a good sign.
Anyway it looks very fairly priced so I'm going to tuck these away in the isa for some time and see what happens.
I kind of wonder at some point in the future they could end up a bid target for a bigger group.|