Updates

Ramsdens - 684p cash bid: Gain 350%

August 2026

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

US pawnbroker FirstCash, which bought H&T only last August, made a recommended cash offer for Ramsdens at a serious 609p per share. But after shareholder protest, the offer was raised to an even madder 675p. Throw in a 9p dividend and shareholders get 684p! On full year pretax profit of £30-33m, implying EPS of 73-80p, it works out as a PE of 9.2-8.4x FY26 earnings but these profits are flattered by transactional income from buying gold during its run and Ramsdens has ridden it like a rodeo bull. The shares were a main write up in SCSW at just 152p in 2017. I can do no better than quote a Shore Cap analyst who writes, “Bite their hand off!” Gain 350%. ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Auction Technology Group - Widening ‘take rate’

Supreme - Well set for an EPS beat this year

Ramsdens (June 2026)

Ramsdens (May 2026)

Ramsdens (February 2026)

Ramsdens - Strong trading boosted by gold buying (November 2025)

Ramsdens (February 2025)

Ramsdens - Recovery in premium watch sales (July 2024)

Ramsdens (March 2024)

Ramsdens - Fifth eps upgrade in 12 months (July 2023)

Ramsdens - Eps forecasts climb 6% for this year and next (November 2022)

Ramsdens Holdings - FX yield jumps from 2.1% to 3.6% (July 2022)

Ramsdens - FX volumes climb as travel resumes (February 2022)

Ramsdens - Could exceed expectations (January 2020)

Ramsdens - Beneficiary of higher gold price (July 2019)

Ramsdens (July 2018)

Ramsdens (February 2018)

Ramsdens - 'Materially ahead of forecasts' (October 2017)

Ramsdens - Pawnbroker but with travel money activity (July 2017)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X