Ramsdens Share Discussion Threads

[interceptor2] 03/9/2017 17:32

It was a lot of shares on Friday, in fact the highest volume day ever since the IPO in February. From my observation companies that enjoy their highest volume day ever or in over one year on the announcement of a catalyst, in most cases turn out to be rather profitable portfolio holdings.

[yump] 02/9/2017 11:30

That was a lot of shares yesterday.

[nw99] 02/9/2017 07:32

Brokers upgrades on the way looks very cheap

[bookbroker] 01/9/2017 22:37

Rapidly rising PM price will underpin results for this year!

[gucci] 01/9/2017 19:22

back in first thing today based on the statement - might need to park them away long term

[yump] 01/9/2017 14:09

"significantly ahead for interims AND full year".
Now that is early confidence, given full year is next March - unless there's a massive first half bias that more or less insures the full year results.

[qs99] 01/9/2017 12:18

and the EV/EBITDA and yield ratios should be v. attractive DYOR

[spob] 01/9/2017 11:55

Previously we had

2017/18 raised from 11.7p to 12.6p (Yield forecast 5%) share price 125p

2018/19 raised from 13p to 13.6p. (yield forecast 5.5%) " " "


so now

2017/18 approx 15.4p eps

2018/19 approx 16.2 eps


The true forward pe ratios will now come in quite low after adjusting for cash on the books regardless of the share price rise this morning

[glaws2] 01/9/2017 11:51

Liberum - old figures in brackets
2017 - EPS 15.3 (12.6); DPS 6.5 (unchanged)
2018 - EPS 16.1 (13.6); DPS 7.1 (unchanged)

What I don't understand in their forecasts is that they have reduced revenue (and profit) forecasts for purchase of precious metals and retail jewellery sales - both sectors were highlighted in the trading update as doing well.

[spob] 01/9/2017 11:50

Ramsdens Holdings leaps as it says interim and full year pre-tax profits “to be significantly ahead of market expectations”


08:55 01 Sep 2017

The pawnbroker and financial services provider – which listed on AIM in February – said “strong foreign exchange results in the early summer months gained additional momentum through the traditional peak period of July and August"

The Group also said it is benefiting from its jewellery retail initiatives, along with the continued strong gold price

Ramsdens Holdings PLC (LON:RFX) saw its shares top teh market gainers today after the firm said it expects both its interim and full year pre-tax profits “to be significantly ahead of market expectations.”

In a brief trading update, the pawnbroker and financial services provider – which listed on AIM in February – said “strong foreign exchange results in the early summer months gained additional momentum through the traditional peak period of July and August.“

The firm continued: “In addition, the Group is benefiting from its jewellery retail initiatives and these, along with the continued strong gold price, has helped the precious metals buying and pawnbroking segments.”

Peter Kenyon, Ramsdens CEO commented: "We are delighted to report a strong trading period across all the Company's core business segments and in particular a strong peak trading period for foreign exchange.”
Liberum ups target price to 190p

In an initial note to clients, analysts at ‘house’ broker Liberum Capital hiked their target price for Ramsdens’ shares to 190p from 162p and reiterated a ‘buy’ rating on the stock.

In early trading, Ramsdens shares jumped 15%, or 22p higher to 165.5p.

The Liberum analysts said: “Following today’s trading update we have revised our assumptions. This results in a 22% upgrade to Adj. PBT & EPS in FY18 and a 19% uplift in FY19.”

They added: “The upgrade is driven by an improvement in underlying trading and an absence of new store openings in H1'18.

“We are encouraged by the update and see the group as being very well positioned in a market whose competitive dynamics are improving.”

[spob] 01/9/2017 11:13

Anyone have updated eps/div forecasts from Liberum ?

[interceptor2] 01/9/2017 11:09

Bought in here this morning, certainly shows confidence saying at this stage that they will be ahead to full year as well as the interims.

[kemche] 01/9/2017 10:44

Decent volume too.

[runthejoules] 01/9/2017 10:40

Wish I'd bought more, and earlier! If it drifts, I will...

[kemche] 01/9/2017 10:23

Topped up too. Excellent update.

[miti 1000] 01/9/2017 10:19

Ok, just bought in here, a small 20k buy at 165 for now.

[qs99] 01/9/2017 08:21

IMO, this sort of statement, combined with markets it is operating in, should lead to more statements like this so am in for the ride! Decent yield as well. Broker update I have seen on Research tree this am talks of a £1.90 upgraded TP, so will hold on for much more than that as it still looks under cooked on an EV/EBITDA basis especially with a 3-4% yield....DYOR and GLA!

[nfs] 01/9/2017 07:37

And division should be underpinned now and maybe a special when year results announced

[igoe104] 01/9/2017 07:30

Fantastic statement, these should push upwards, big style.

[battlebus2] 01/9/2017 07:23

Yes couldn't better that statement and issued on a Friday which is even more pleasing!!
Those that bought on the recent dip over hacking will like the rest of us be smiling this morning 🤓

[nw99] 01/9/2017 07:04

Wow As a result we expect our interim and full year profit before tax to be significantly ahead of market expectations.

[yump] 24/8/2017 16:22

Or wait for the market cap + divi to be good enough for the funds to pursue it like a load of sheep and reach some giddy p/e heights...

[igoe104] 24/8/2017 09:56

I'm happy for RFX to keep expanding.

Its to early for a takeover, let them grow for a few years, then they can be taken-over. hopefully for £5 plus?

[bookbroker] 23/8/2017 11:32

I'd like to see H&T make an offer for Ramsdens, do not know how how much overlap, but RFX very strong in North and Wales, could make an interesting fit, but I believe RFX can make it good alone, they have a strong balance sheet to grow the business.