image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

Ramsdens - Trading well ahead of market expectations

February 2020

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.

  • Epic Code:
  • RFX
  • Price:
  • 253.5p
Ramsdens, which provides pawnbroking and other financial services, has announced that following strong trading over Christmas, full year profit before tax will be comfortably ahead of market expectations. Profits derived from gold purchasing have been higher than anticipated due to the high gold price (which has been further boosted by the spat between Iran and the USA). Meanwhile the group’s pawnbroking, foreign currency and retail jewellery segments have produced good results, with the latter enjoying double digit revenue growth.In its interim results, Ramsdens had announced the decision to scrap some slower moving jewellery to capitalise on the gold price and now expects to report one-off profit from stock scrapping of &po ...

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

Subscribe now

Already a subscriber? Login

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

LIMTED TIME OFFER

SUBSCRIBE TODAY AND SAVE £30 USING OFFER CODE 30OFFTMI

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