The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Thanks…. Will start my research. Much appreciated
Try Spirent Communications (SPT) FTSE250. Currently at 215p due to global correction on tech stocks.
Very profitable, growing, no debt. 5g focus.
A profit is only a profit if in the bank. The price might rise further and I have no problem with that I try to leave something for the next man.
We have some turbulent times ahead of us and my business is a very good indicator of recessions (we do very well in such circumstance) and this is (for my company) especially welcome after 8 lean years. Discretionary spending therefore is going to come under greater pressure and with crude oil prices set to stay at high levels for another 18 months or so, foreign travel for the "bucket and spade" brigade may be curtailed.
It does not mean that RFX will not do well despite all that. But, as I indicated earlier, converting paper profit to banked ones is how wealth is increased. First difficulty for investors is to find a potential winner, next to invest sufficient amount and finally to realise the investment. Ordinarily I would let profits run, but markets are very volatile and not helped with Ukraine/Russia, French election underway, an idiot for a UK PM that is treating the electorate as idiots, high chance that May local elections will be brutal and lastly the maxim to sell in May and return after the Leger has been run (September).
So..... are there any companies that you might suggest I begin to research, preferably in the FTSE-350 rather than AIM?
What made you sell AS? Personally, I'm expecting this to go to north of £2.20 as we approach the summer. Two reasons - firstly the FX as people scramble to get away like they did at Easter, and secondly the gold/jewellery as the energy and general increased cost of living bites... Good luck though!
My holding in RFX was sold yesterday to realise a decent profit.
Good luck to all. And now to research next investments for proceeds….. thoughts of others always gladly considered.
I spoke on line this morning to Peter Kenyon the chief executive of Ramsdens and he confirmed to me that it is the aim of Ramsdens to pay 50% of after tax profits in dividends with one third of the dividends paid in September as an interim dividend and two third of the dividend paid in March as a final dividend. I believe that this is a fair and reasonable policy as it provides money for both shareholders and for further expansion of the business.
https://twitter.com/surprised_trade/status/1512312847711232001
strong performance across each of its four segments, profit before tax of approximately £2m.on track to open eight new stores, foreign currency services expected to grow significantly
a lot to like :-)
Ramsdens a financial services group whose main activities encompass foreign-currency exchange, retail jewellery, pawnbroking and a precious metals buying and selling service, has delivered a resilient trading performance and is placed to deliver a strong profit recovery in the 2021/22 financial year.
The effects of two national lockdowns and restrictions on foreign travel were always going to impact trading by reducing footfall in store, dampening demand for purchases of foreign currency, and in the absence of places to spend their money it also enabled pawnbroking customers to pay down debt. These headwinds are now set to turn into tailwinds.
....Chief executive Peter Kenyon also highlighted that the pawnbroking book increased from £6.1m to £6.8m in the final quarter of last year. Reassuringly, pledges past their due date remain at normal levels. The combination of a high gold price and the need for some customers to seek short-term cash flow in what could be challenging conditions for the less well-off this year are supportive of further growth.
.... jewellery sales surged by 70 per cent in the first quarter of 2021/22, having accounted for 16 per cent of divisional revenue of £18.2m in the 12 months to 30 September 2021, up from 10 per cent in the prior year. Premium watches are proving a hot investment, so much so that Ramsdens sold £1m of s****y tickers in December 2021, says Kenyon.
The combination of higher pawnbroking income, recovery in foreign-currency sales (on a higher margin given the exit of rivals from the market), a return to more normalised precious metals trading, and ongoing growth in jewellery sales suggest that a recovery in gross profit from £22.3m to £35.7m is achievable, as analysts at Liberum predict. On this basis, the house broker forecasts a ninefold rise in pre-tax profit .....
Now up to 12.31%.
Keen.
Have I read this correctly that Kenyon has sold 250,000 shares awarded under a scheme setup in 2017? I cannot immediately find a note on the details of the award, but this might give rise to an overhang as volume is not exactly brisk at the moment.
Hasn't negatively affected the SP.
So as long as we hold the shares on Thursday, we will receive the dividend?
https://twitter.com/surprised_trade/status/1485993018213769225
Otus take a bigger stake upping to 11.38%
This is an absolute no brainer. Look at inflation/cost of living, pawnbroker side will be in big demand later this year. Been averaging into these since start of covid share price has a long way still to go. Plenty of cash on the balance sheet. GLA
https://twitter.com/surprised_trade/status/1483872972427378688
Primed for a strong recovery
A financial services group whose main activities encompass foreign-currency exchange, retail jewellery, pawnbroking and precious metals is set to deliver a robust profit recovery in 2022
January 19, 2022
By Simon Thompson
Ex dividend date: 3rd Feb 2022
Pay date: 10th March 2022
Amount 1.2p
Solid numbers. 2022 should be a big rebound year
:-)
Current Trading:
The Board is pleased to provide an update on Q1 FY22 trading (October to December 2021).
· Investments in our jewellery retail operations have continued to produce strong results.
o In store retail jewellery revenue up more than 30% on October to December 2020.
o Online retail jewellery revenue up more than 70% on October to December 2020.
· The latent demand for foreign holidays remains strong and we are optimistic of international travel, and therefore our foreign currency exchange volumes, increasing as COVID-19 testing restrictions are eased.
o Foreign currency volumes were approximately 40% of pre pandemic levels but had increased by almost 200% on October to December 2020.
· The expected need for our pawnbroking service has seen, and will continue to see, increased demand as our customers' needs for short term financing grow.
o Pawnbroking loan book has grown to £6.8m as at 31 December 2021 (£5.9m at 31 December 2020).
· As life normalises and we can offer our purchase of precious metal service to our foreign currency customers, we expect to increase the volume of gold purchased.
o The weight of the gold purchased from customers was approximately 80% of pre pandemic levels but had increased by approximately 50% on October to December 2020.
The investment in the Group's online retail jewellery operation has led to online sales more than doubling year on year.
· The Board will be recommending a final dividend of 1.2p per share
Ramsdens has remained agile and resilient to the trading conditions caused by the pandemic. The Group has invested in activities that have presented opportunities for continued growth and the Board looks forward with optimism on delivering our growth strategy for the long-term benefit of all our stakeholders.
from 35.50 mins ......2022 year of rebound, RFX is cheap and Dowing see it as a buy ...
https://www.youtube.com/watch?v=PNUNfCIEiP8
The SARS variants that present as Covid 19, (Delta and Omcron) will, I suspect, be with us for many decades with domination in strain through further mutation. UK, Europe and US are, I suspect at an inflection point to being able to claim herd immunity in the next 6 months. Herd immunity allows disease to spread without imposition to liberty as there is reduced impact as a result of vaccinisation and those that have recovered from exposure to virus.
So, although RFX might not set the world alight, downside influences are receding. I am preparing to add more to my avcount
https://twitter.com/surprised_trade/status/1471415156995411968
and another iii takes a 10% stake
I must admit that I am rather bewildered that the share price has remained so weak. Yes, the update was pretty flat but nothing to suggest guidence change. Not long now until the numbers are published and we will all have information upon which to base decision.
https://twitter.com/surprised_trade/status/1445999146482208769
profit, cash of £13m & forex due for increase from October.lending in Sept 2021 almost back to pre-covid levels of Sept 2019. loan book is also expected to further recover into FY22
Recovering and set for further growth, new stores etc and forex demand relies on opening up of travel. that begins this month...Retail climbing back to pre covid, so all on track over coming months, it's a 'steady as you go' not a rocket stock
https://twitter.com/surprised_trade/status/1445999146482208769profitable, cash of £13m & forex due for increase from October.lending in Sept 2021 almost back to pre-covid levels of Sept 2019. loan book is also expected to further recover into FY22 Recovering and set for further growth, new stores etc and forex demand relies on opening up of travel. that begins this month...Retail climbing back to pre covid, so all on track over coming months, it's a 'steady as you go' not a rocket stock
Disappointing though it is to learn of the collapse of 2 energy companies today, the knock on effect is likely to impact further once the cap on prices is lifted on October. 800,000 consumers are affected by todays energy news and although they will not lose supply, it is quite possible that they will be placed on a tarriff that is higher than that to which they are used. The ceiling lift in October could add a further 12% to energy prices and, with the removal of £20 emergency cash each week to benefit claimants, there is a reasonable (though, rather unpleasant) case in favour of RFX for increased turnover.
High gas prices are not as a result of crude oil change, more a reflection of wind; too much in USA from hurricane Ida that knocked out production and too little in Europe to power wind turbines. The world is gradually getting back on its feet and, with the resumption of air travel, confidence to add to my holding in RFX is building.