Ramsdens Share Discussion Threads

[seball] 10/10/2022 08:00

Excellent update. Trading is solid and has good dividends as well. Buy

[babbler] 10/10/2022 07:58

But the news was still extremely positive. imo.

[asagi] 10/10/2022 07:40

trading statement is here:


sorry to be a downer but I'm agreed. Also just says 'expectations', whose? Expectations of what? Could have done with being defined.

Asagi (long RFX)

[muzmanoz] 10/10/2022 07:27

Trading update. Anyone else find it a bit odd that there isn't more information on financial performance. The information they have released talks about gross profit for one division, revenue for another. Good that profit before tax is ahead of expectations. Would jut prefer more consistent detail to enable comparisons before the annual report in January 2023

[tonytyke2] 06/10/2022 17:48

Thanks Asagi

[asagi] 06/10/2022 16:20

As per myself and sheffieldowls above, a Trading Statement is scheduled for 'October'. We know this from the Ramsden's website and Peter Kenyon's own steer.



last year the statement came on October 7th.

Asagi (long RFX)

[muzmanoz] 30/9/2022 09:35

So HAT has raised £16.9m to fund expansion and has reported its best ever month of pledge lending in August. Hopefully that bodes well for the results here. Could Ramsdens do with more capital?

[asagi] 26/9/2022 14:27

Peter Kenyon the chief executive of Ramsdens has confirmed to me today that the trading update will be released in the first two weeks of October.

Mr Kenyon has given me the same steer.

Asagi (long RFX)

[sheffieldowls] 25/9/2022 23:17

Peter Kenyon the chief executive of Ramsdens has confirmed to me today that the trading update will be released in the first two weeks of October.

[seball] 12/9/2022 18:17

Expect a breakout and move to 250p by trading update in October. Trading update expected to be positive. Buy

[seball] 31/8/2022 08:54

Ex-Dividend date 2nd September

[elrico] 28/8/2022 13:34

RFX to benefit from the cost of living crisis. However, there are a couple of caveats of note.

[seball] 26/8/2022 14:44

Rowan Dartington & Co Ltd built a 6% holding. Ramsdens extremely undervalued and will close the valuation Gap with peers like H&T whos share price has risen 50% past 8 weeks. Buy

[x54v] 24/8/2022 08:46

HAT is briefly mentioned but the article is about RFX and how that should be seeing similar dynamics to HAT:

"It’s inconceivable that Middlesbrough-based Ramsdens (RFX:194p), a diversified financial services group, is not seeing the same dynamics...."

[seball] 24/8/2022 08:39

Ramsdens extremely undervalued. Perfect company to own with the current economic headwind. I have bought heavily in my SIPP. Buy

[asagi] 24/8/2022 08:30

Morning, x54v, just Ramsden's or H&T too?

Asagi (long RFX, HAT)

[x54v] 24/8/2022 08:12

Just been tipped by Simon Thompson

[asagi] 18/8/2022 10:51

trading update scheduled for October:

hxxps://www.ramsdensplc.com/investor-relations/financial-calendar

I understand that the first half of the month is the most likely, as per the last two years.

Asagi (long RFX)

[seball] 16/8/2022 16:14

From Feb but still relevant. From IC

Middlesbrough-based Ramsdens (RFX), a diversified financial services group whose main activities encompass foreign-currency exchange, retail jewellery, pawnbroking and a precious metals buying and selling service, offers solid prospects of a strong profit recovery in 2022.

The combination of a high gold price and the need for some customers to seek short-term cash flow in what could be challenging conditions for the less affluent over the next few years should support growth in the group’s £6.8mn pawnbroking book. Lending is well diversified, with the average pledge only a few hundred pounds and on prudent loan-to-value terms.

Moreover, in the absence of national lockdowns and restrictions on foreign travel, expect millions of UK holidaymakers to jet off once again in the summer without the need for expensive Covid tests. That’s really good news for Ramsdens’ foreign currency exchange business, which catered for the needs of over 600,000 customers before the pandemic. Rivals have since exited the market, so margins earned are higher now, too.

Ramsdens’ jewellery sales were already on an upward trajectory before the pandemic hit and continue to post strong growth, helped by investment in stock, better search engine optimisation and an improved website, and a greater awareness of the investment merits of premium watches as an asset class.

So, with Ramsdens’ pawnbroking income recovering strongly, foreign-currency exchange likely to benefit from the relaxation of travel restrictions, and higher instore footfall positive for precious metals trading, analysts at Liberum forecast a recovery in this year’s gross profit from £22.3mn to £35.7mn. In turn, this should feed through to a ninefold rise in pre-tax profit to £5mn on 43 per cent higher revenue of £58.4mn. On this basis, expect EPS of 12.4p, which covers the 6.2p a share forecast payout two times. Also, with an ungeared balance sheet and £13mn (41p) of net cash on hand, selective acquisitions could give a further lift to earnings.

Trading on a forward cash-adjusted PE ratio of 10.8 and offering a 3.5 per cent prospective dividend yield, Ramsdens’ shares should offer upside well above my initial 200p target if trading pans out as I anticipate it will this year. Buy

[seball] 16/8/2022 14:13

Looking undervalued here also tipped by investors chronicle. I can see a similar 50% move in share price like H&T, to the upside on results in October. Buy

[c3479z] 10/8/2022 19:21

size of their pledge book is small compared with H and T, about one eighth so RFX might become a takeover target from its larger competitor?

[lammylover] 09/8/2022 09:10

More like back to 200p plus.
Good results from H&T today translating into lots of buys for RFX.