Updates

Ramsdens - FX volumes climb as travel resumes

February 2022

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.

Ramsdens has reported its results for the year to end September with a pretax profit of £0.56m. Comparisons are against an 18 month period in the prior year, which had been extended due to Covid so are not especially meaningful. Additionally, pretax profit is distorted by £1.5m received from furlough and also the business rates moratorium on some of its 153 stores (+2 on the year). It’s therefore perhaps meaningful to compare FY21 gross profit to the pre-pandemic FY19 year, when gross profit was £37m versus £22.3m for FY21. Most of the gross profit shortfall has come from the FX side, which provides holiday money to travellers and has seen gross profit £10m lower than pre-pandemic levels at £3.4m. As travel resumes, this will swi ...

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CentralNIC

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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 - 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.

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