Primary Recommendations

Ramsdens Holdings - FX yield jumps from 2.1% to 3.6%

July 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.

Middlesborough-based Ramsdens’ mainstay is pawnbroking - providing short-term loans to those without access to the mainstream lenders. It has most of its pawnbroking stores in the North and North-East and charges a fairly typical industry average of 5-9% simple interest a month on a piece of jewellery that is pledged for a small loan - at the average rate of 8.5%, that is an interest rate of 42% for five months.With 156 stores, the business is just over half the size of rival H&T and although you might imagine that lending at that kind of interest rate is literally going to be a licence to print money, it’s been a tough sector in recent years and has shrunk dramatically to perhaps under 800 shops. Many competitors had diversifi ...

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Crestchic - New name for Northbridge Industrial - two eps upgrades this year

Hargreaves Services - Yet another forecast upgrade

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 - 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.

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