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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Ramsdens - Buoyant gold prices helpful tail-wind for pawnbroker

November 2019

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:
  • 195.5p
The buoyant gold price provides a bonanza for pawnbrokers because not only does their gold inventory shoot up in value (yielding windfalls if they choose to scrap) but the size of pawn loans can be increased to match the rising value of the pawned jewellery. This has helped last month’s TMI main write-up H&T, 386p, which has again announced it is “trading ahead of expectations” but our eye has also been caught by Ramsdens, another listed pawnbroker, which boasts a “bottom-left-top-right” chart pattern.Based in the North and North East of England Ramsdens has experienced mercurial growth, expanding from three stores in 2001 to 156 following the latest acquisition of 22 stores and 17 loan books from ...

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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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