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Ramsdens

February 2025

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.

With the gold price hitting a new high the day Ramsdens reported its FY24 results, CEO Peter Kenyon was in good cheer. The number of stores rose by 7 to 169, giving rise to sales of £95.6m. Pretax profit was up 12% to £11.4m and EPS were 25.7p, a new record. Although all four divisions delivered an increase in gross profit to £51.5m, the swing factor was gold buying, which saw its gross profit climb by 29% to £11.8m. This mirrored the rise in the gold price (9ct gold), which increased 30% from £1,514 at the end of FY23 to £1,965 at the end of September. Gold has kept on going and in Q1 25 gross profit rose 40%, says Kenyon but H2 comps are much tougher. At Pawnbroking, gross profit increased by 16% to £11.7m. Growth was driven b ...

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Revolution Beauty

H&T

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.

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