Updates

Ramsdens - Recovery in premium watch sales

July 2024

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.

Helped by five new openings to take the total to 167, the latest H1 showed sales up 12% from £39m to £43.8m. Pretax profit increased by 8% to £4m for EPS of 8.8p. Ramsdens is indeed more diversified compared to its rival H&T, with a variety of services contributing to its overall business model. Pawnbroking accounts for 23% of Ramsdens’ gross profit vs 85% at H&T. Retailing jewellery/watches (30.6%), gold buying (19%) and travel money (23.7%) make up the rest and having a mix allows it to not only sweat its store estate but diversify income. Gold buying was the swing factor in the latest period with gross profit climbing 25% to £5m helped by the higher gold price and also CEO Peter Kenyon’s decision to prioritise b ...

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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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