Primary Recommendation

Ramsdens - Pawnbroker but with travel money activity

July 2017

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.

Every time I think of the name Ramsdens, I think of fish and chips on Brighton Pier, perhaps to be finished with a pot of Yorkshire tea. Old timers will recall that Ramsdens used to be quoted on the stockmarket many years ago and was eventually taken private and nowadays is a fish and chip shop franchise operation.Anyway I am digressing. The newcomer with the same name is Middlesborough-based Ramsdens and its mainstay is pawnbroking, providing short-term loans to those without access to the mainstream lenders. As you might imagine, the margins on pawnbroking are considerably better than selling fish and chips and Ramsdens, which has most of its pawnbroking stores in the North and North-East, charges a fairly typical industry ...

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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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