$HAT Positive trading update from H&T after today's update from Ramsdens $RFX - 253 stores are currently open
- Pawnbroking customers continue to repay their loans (either by attending the store or via the payment portal) and at normal pledge redemption rates
- At the end of October the pledge book at £48m
- Cash £30m
Robert Sheridan 05 Nov 2020, 08:37
$RFX Ramsdens just announced that 85 stores in England will remain open during during the current four-week national lockdown!
"Ramsdens has continued to operate its 19 stores in Wales during the two-week 'firebreak' lockdown scheduled to end on 9 November 2020."
"the Group's 49 stores in Scotland are also likely to remain open to customers."
Robert Sheridan 28 Oct 2020, 12:33
$IAG$RYA$EZJ$IHG$RFX$HSW Hotel sector is in the red again today - fear of a 2nd waive lockdowns will keep the sector under high pressure for 3-6 more months #bearish
Ray McNamara 14 Oct 2020, 21:52
$RFX somebody fixed the profit by the end of the day and the stock is up "only" 11.21% - you will regret your move in 1 year #buy
Ray McNamara 14 Oct 2020, 13:29
@Lisa-Hoppe very positive results for $RFX indeed! During lockdown demand for pawnbroking was lover, but consumers continued to pay their debts - so the business model was again proved to be quite sustainable to downturns: low defaults, cash inflow, profits from razing gold prices! #buy
Lisa Hoppe 14 Oct 2020, 12:15
$RFX Ramsdens posted fantastic results for the last 6m:
+ Positive £1m profit (£5m a year ago) for the period from 1 April 2019 to 30 September 2020 while the stores were closed for 2-3.5 moths
+ Cash is up from £10m to £16m. With zero debt cash is now 46% of the market cap.
+ Bought two loan books of £250k, continue store optimization
- Key negative that FX commission after reopening is 30% vs. last year
The stock is up 14.5% but still down 50% from pre-covid Feb levels
Lisa Hoppe 21 Sep 2020, 10:23
$ING$HSW$RFX$IAG$EZJ$RYA Today 11am the chief medical officer for England, Chris Whitty alongside the UK chief scientific adviser, Sir Patrick Vallance will address the nation on TV. They plan to say that that the country is at "Critical Point". So expect more lockdowns and another blow to the economy. Especially for travel #negative
Flor Crowley 28 Mar 2020, 11:11
$RFX Ramsdens, the diversified financial services provider and retailer, announces that the Board has decided to change the Group's accounting reference date and financial year-end from 31 March to 30 September. This change follows consultation with the Group's auditors regarding the viability of completing the audit for the period ended 31 March 2020 given the ongoing restrictions on the non-essential movement of people.
Flor Crowley 28 Mar 2020, 11:11
$RFX Very creative approach from Ramsdens on how to hide in the reports weak FY2020 year: make it longer! Connect weak self-isolation COVID-19 impacted period with a strong period before! #bullish
Global trade disruptions, Iran tensions, Coronavirus, what's next? Afraid of global risks? Gold is growing since mid 2016 and is on a way to reach its all-time high of $1,917.90. Want to get exposure to gold through dividend stocks? Consider pawnshops $RFX and $HAT#bullish
John O'Donoghue 14 Jan 2020, 21:14
If you believe that gold will be strong this year due to political tensions or other reasons #buy these pawnbrokers stocks $HAT$RFX
Cursty Jenner 02 Jan 2020, 11:16
Top small cap growth stocks expected to outperform the indexes in 2020: Imimobile $IMO DotDigital $DOTD Ramsdens Holdings $RFX HostelWorld $HWS#bullish
$RFX is a better #buy vs. $HAT, $PFG and $NSF. Lower 2019 forecasted EV/EBITDA multiple: 5.3 vs. 7.7, 7.9 and 8.3 but which is more important higher ROE: 17% vs. 10%, 10% and -1%. Ramsdens is just under radar of big funds and small investors rarely could appreciate the fair value of stocks.
Colin Williams 17 Mar 2019, 09:45
#Buy$RFX or $HAT vs. $PFG and $NSF These are not glamour stocks whose share prices will rocket. They are, however, well run, diversified businesses (both also offer foreign exchange currency services and are involved in gold purchasing and jewellery retail) and should do well if the economy takes a turn for the worse in the next few years. +4% dividend yield
$RFX City Financial Investment Company Limited sold all Ramsdens shares (9.73%). This was the overhang which stopped the company from growing. Now it's over #bullishwww.londonstockexchange.c...202.html
Colin Williams 04 Mar 2019, 22:16
$RFX Acquisition costs £1.5m and is expected to generate £600k PBT in 2021. This is £33k per store vs. £50k now so this PBT estimation could be conservative. 600/1500=40% ROI even for this conservative PBT. Good and promising deal #bullish
$RFX promising and undervalued company. Low EV/EBITDA multiple, some dividend and a growth story based on store expansion or acquisition from other players. #buy
Ramsdens Holdings Plc stock price chart
About Ramsdens Holdings Plc
Ramsdens Holdings PLC provides financial services. The Company offers pawnbroking loans, currency exchanges, buy backs, and precious metals buying and selling services. Ramsdens Holdings serves customers in the United Kingdom.