Ramsdens Share Discussion Threads

[battlebus2] 15/6/2017 08:19

Shares Mag tip apparently

[igoe104] 15/6/2017 08:08

New highs continue, more folks cottoning on to, the value here.

[chimers] 14/6/2017 20:20

A snippet from the long article and tip in the Investors Chronicle on Monday past.

Its worth reading the whole thing by either subscribing to the IC online or buy buying the mag out this Fri as the article will be in it.

In fact this will get another boost on Fri as a result.
Once its old news I might post more but best not to until after the mag is out.

Here is a small part though which relates to what I posted above..............



"Another point to note on the shareholder base is that 79 per cent of the issued share capital is held by the top nine investors, which reduces liquidity. This works both ways, as good news released by the company is likely to prompt larger than normal share price rises, whereas any trading disappointments are likely to see far larger share price falls."

[igoe104] 13/6/2017 13:41

good to see simon comments, RfX looks like its got a strong future.

Simon Thompson of IC has today put a buy on Ramsden Hlds with a 180p initial target.and says should be over 200p if you attribute the same rating as H&T

[bookbroker] 12/6/2017 13:29

This is cheap when you account for the cash on the balance sheet, and its earnings profile, and with the possibility of expanding to the south, the opportunity awaits!

[yump] 12/6/2017 13:12

Be interesting to see if fund demand pushes this up - ultimately that is what often seems to hold valuations at quite high levels. Not that its high at all yet.

Significant fund interest + limited number of PLC's in the market segment = consistently high sp's...

[x54v] 12/6/2017 12:04

Nice. Just been tipped by Simon Thompson.

[shoee62] 11/6/2017 20:44

Thanks for putting the link up.

The part of the business exposed to the gold price looks pretty small, I think the focus is more on the fast growing other areas of the business such as FX.

I like Ramsdens, wish I had bought closer to flotation though :-)

Peter

[glasshalfull] 11/6/2017 12:31

shoee62

CEO & CFO have made a series of presentations over the last 3 days which are apparently going down well.

Link to presentation below



Remember, with volatility surrounding sterling, the share is a natural hedge based on the strengthening gold price (+10% in last 6 months), not to mention the broker upgrades which suggest 25% earnings growth on the cards this year.

Then add in a 5% dividend yield & shares - IMHO - look excellent value while only on a PER 11.

Kind regards
GHF

[igoe104] 11/6/2017 12:13

Teesside-based business will open around a dozen shops to capitalise on strong market position.

A PAWNBROKER is pushing ahead with store expansion plans after its four-pronged business approach yielded higher revenues.
Ramsdens says it will open around a dozen outlets in Scotland and North and East Yorkshire after traditional loan services were complemented by strong demand across its foreign exchange division.

[simon9191] 09/6/2017 16:23

I haven't come across any tips today. I may be wrong though.

[shoee62] 09/6/2017 12:29

tipped today?

[eddyeagle1979] 07/6/2017 17:02

Got a write up today at TMF:

[bigbigdave] 07/6/2017 12:00

Many thanks GHF, excellent write up. Chunky sell of 100k earlier, a seller clearing maybe.

[spob] 07/6/2017 11:46

thanks for the info Glasshalfull

[glasshalfull] 07/6/2017 11:23

RFX

Excellent results this morning from Ramsdens that came in ahead of Liberum's upgraded forecasts. They've subsequently raised forecasts by 8% in the current year and also target price from 149p to 162p

EPS is raised from 11.7p in the current year to 12.6p & in 2018/19 raised from 13p to 13.6p.

Div yield 5% for the coming year rising to 5.5% in 2018/19.

So, with the price of gold rising given current macro uncertainties, RFX looks v good value IMHO on a prospective PER 11 & offering a 5% div yield. Especially when one factors in earnings growth of 25% in the current year.

Broker indicates,

"FY17 results were strong and a beat relative to upgraded forecasts published in April'17, post the trading statement. Revenue was 15% YoY at £34.5m, EBITDA 27% at £6.0m (3% beat) and Adj. PBT 73% at £4.0m (5% beat). EPS of 10.1p was 2% ahead of our estimate.

EPS upgraded by 8% & 5% Our revised forecasts equate to EPS upgrades of 8% in FY18 and 5% in FY19. Both upgrades are driven principally by pawnbroking and foreign currency activities.

Post these results and raised estimates, after taking into consideration the positive outlook, we upgrade the TP from 149p to 162p, 29% upside and an ETR of 34%. We retain the BUY."

---

See my Twitter feed for pic of forecasts

@Glasshalfull1

Regards
GHF

[speedsgh] 07/6/2017 11:17

@panic - see you twitter a/c

[panic investor] 07/6/2017 10:54

speedsgh6 Jun '17 - 11:48 - 70 of 78 0 0


Panic - see

Just tried that again and I can't seem to get to tomorrows, no button to refresh etc, where abouts on the menus is it ?

[spob] 07/6/2017 10:40

Any Liberum updated eps forecasts ?

[alroyrob] 07/6/2017 10:35

Cracking results guys !

Positive outlook too.. "The FY18 financial year has started well for the Group. Customer demand for our products across our key business segments remains strong and the Group is well positioned to take advantage of its clear growth opportunities. We have a diversified business, a loyal and growing customer base, a committed team and a strong brand. These qualities give us confidence of successfully delivering the Board's clear growth strategy in the year ahead".

Broker has upgraded today..
Liberum Capital today reaffirms its buy investment rating on Ramsdens Holdings Plc (LON:RFX) and raised its price target to 162p (from 149p).

[essential] 07/6/2017 08:34

Yeh and they sponsor my team!!!!!

[igoe104] 07/6/2017 08:21

Middlesbrough pawnbroker Ramsdens marks 'transformational' year
Middlesbrough pawnbroker Ramsdens Holdings is toasting a triumphant year with group revenue up 15% to £34.5m, pre-tax profits up 73% to £4m and almost a 50% leap in earnings per share.
The Boro sponsor floated on London’s junior Alternative Investment Market (AIM) in February a bid to raise millions of pounds by selling shares in the company.
In a float that valued the firm at £26.5m, it raised £15.6m by issuing shares at 86p apiece - and the current share price is 125.5p.
Peter Kenyon, Chief Executive, said: “FY17 was a transformational year for Ramsdens with the Group delivering good growth across all four of its key business segments and achieving the significant milestone of its admission to AIM.
“We have made a strong start to the early part of the current year across all core segments. We are about to enter our seasonally important summer period and are confident of making further progress.”
Headquartered in Middlesbrough, the Group operates from 127 stores within the UK (including 3 franchised stores) and has a small but growing online presence.
The firm operates in four core business segments of foreign currency exchange, pawnbroking loans, precious metals buying and selling and retailing of second hand and new jewellery, and the directors said they saw growth across all segments.
During the year, the group’s investment into growing the Ramsdens brand continued and as the main shirt sponsor for Middlesbrough Football Club, it gained enjoyed greater exposure during the team’s season in the Premier League.
The firm’s association with the club continues this forthcoming 2017/2018 season, the final year of it’s current contract as sponsor.

[spob] 07/6/2017 07:52

Current assets minus TOTAL liabilities = +18.6m

Market cap at 125p = 38.7m