Ramsdens Share Discussion Threads

[glasshalfull] 06/9/2017 20:38

Ron - Sorry, thought I was clear in post 213.

I was simply acknowledging that NorthEdge's lock-in had recently expired which now provides them (NorthEdge) with the opportunity to engage with other Institutional Investors in order to place a proportion of their 30% holding in the company. This would reduce NorthEdge's exposure, bring in further II's & perhaps improve liquidity.

It was only speculation in relation to post 212.

At no point did I speculate that RFX were considering a placing.

Hope that clarifies.


Kind regards,
GHF

[ronwilkes123] 06/9/2017 20:13

Confused ghf are you meaning a stock placing or an institution placing shares to sell. Doubt the company are considering a placing, why would it be needed ?

[glasshalfull] 06/9/2017 19:45

Absolutely bookbrooker...just as I speculated in my post.

If II's are aware that a placing of stock may materialise, then there may be an opportunity for them to top slice at the current high price - while PIs are loading up - in the hope of negotiating the placing of stock at a lower price.

Again, all mere speculation on my part, but I've been round the block a number of times to recognise that we PIs usually hear about it after the event.

Kind regards
GHF

[bookbroker] 06/9/2017 19:39

They would not sell through the order book, more likely to sell some of the stock with an institution directly or with the house broker to place with institutional investors!

[glasshalfull] 06/9/2017 18:39

The NorthEdge lock-in expired mid August (p33 of admission document, "Lock-In arrangements")

As a reminder they sold down on IPO but retain a holding of 9,250,350 shares which equates to 30.00% of the issued share capital.

While they may be content to hold, they may also wish to reduce their exposure with the recent strong trading update providing the opportunity for them to place a decent % with institutional holders as the growth story emerges.

Kind regards,
GHF

[fruitninja84] 06/9/2017 16:30

So much buying pressure and it hardly budges an inch! Must be a big seller @170 soaking up. I'm hoping I can add a bit lower.

[gswredland] 06/9/2017 14:02

Thanks guys

[speedsgh] 06/9/2017 13:58

TP increased from 180p to 190-200p

[ronwilkes123] 06/9/2017 13:53

Does he have a new target price

[battlebus2] 06/9/2017 13:17

Lol 😂

[speedsgh] 06/9/2017 13:02

He basically says 'Nice one. Buy' :o)

[ronwilkes123] 06/9/2017 12:40

Anyone mind paraphrasing the article

[x54v] 06/9/2017 12:03

Simon Thompson just tipped again in the IC.

[yump] 05/9/2017 09:06

"reasonable growth with upside surprises"

Exactly my thinking. Nice to have it in the (too few) shares I've got that I hope I can forget about.

The more reliably it grows, the higher the likely p/e I think, especially once funds are in and dividends keep growing.

p/e of 15, earnings growing at 10-12% will be fine, steady share price growth.

[nw99] 05/9/2017 08:56

Liberum forecasts £4.8m pretax profit this year lifting to £5.2m next year, for corresponding eps of 12.6p and 13.6p. So these numbers will need to adjusted higher

[bookbroker] 04/9/2017 21:26

Gold price will continue these, I do not see their FX market position being compromised, no time like the present Ron., this is a co. seeing reasonable growth with upside surprises in both multiples and yield, this market will experience dynamic growth, has a little bit of FEVR about it, pawn brokers will see an upward growth trajectory with the demise of sub-prime lending and compressed bond yields, an alternative to general lending!

[ronwilkes123] 04/9/2017 19:37

I was in boohoo at 23p and sold at 25p, I admittedly have made errors. If I feel I could comfortably park these and leave them, I will. Just trying to find an entry point. Is it a valid assumption that ramsdens should not be on the same forward multiples as h and b as ramsdens have no London/south focus. What is the current FY pbt forecast ?

[battlebus2] 04/9/2017 19:12

Your not in for the long term then? All I can say is this co has a great future and if there's a dip or dippette along the way so be it.

[ronwilkes123] 04/9/2017 19:05

Also as I'm currently on outside looking in, is the consensus a bit of a retrace from here but maintaining the growth line on the chart, drop to 1.50 before interims then upwards from there ? Any thoughts anyone, I don't fancy buying here and being trapped for 3 months

[battlebus2] 04/9/2017 18:56

Yes they do lol. My favourite type ..progressive 👍 1.3 p payable on the 20th September but went x on 24th August. Expects to pay 4/5% in the future

[ronwilkes123] 04/9/2017 18:34

Anyone know if they pay a dividend, or expect to ?

[gswredland] 04/9/2017 08:55

Let's hope so!

[igoe104] 04/9/2017 08:29

yes good start to the week, lots more to come over the coming days, months, years.

[fruitninja84] 04/9/2017 08:21

About to move? Did my initial research over the weekend and took a small starter position here today. Got funds aside if it dips so i can have a few more lower. Looks unlikely.