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The unemployment figures published today are slightly better than forecast. Not out of woods yet as the UK has yet to fully return to anything approaching normal.
I was actually rather shocked on Saturday when journeying to Hereford, the closest place for us in terms of variety and choice of shop for some retail therapy... an hours drive on A roads! Expected to see Debenhams closed, along with myriad of restaurants, but had not to see so many smaller, independent retailers not just shut, but appeared to have no intention of reopening.
If the opinion piece in Europe pans out, FX might be off the cards for the rest of the year
https://www.euronews.com/2021/04/19/vaccine-doubts-could-delay-eu-s-inoculation-target-by-several-months
FWIW I agree on the holidays front, but a rise in unemployment and a strong gold price might actually help RFX ;-). Interested to see where those new stores will be based. Hoping at least one in London!
Late reported trades. OK, so they are pretty chunky. Might give rise to a statement, but it depends if they actually are buys or sells, matched bargains movement between accounts etc. Last day of any volume was back in February.
I'm pretty chilled with my investment in RFX and tend not to get too worried about intraday movement unless accompanied with news. Recent news, now that I have thought more about things over the weekend was pretty neutral and with the economy opening up, attention will be given to unemployment figures as this might be more consequential. I still do not believe that holidays to Europe will start before June and then ONLY once there is reasonable assurance that the pandemic has ben subdued through vaccination
£297k & £167k respectively.
Friday afternoon. 180,000 shares and 100,000 shares.
Can't see any substantial buys myself. FWIW, the general rule which I use, is that a single bargain up to £250,000 is most likely to be an ordinary investor. Between £250k and £1m is a manager of a small fund and those above £1m are unlikely to be anything other than an institutional holder. There are minor exceptions, but few and far between, IMO.
Somebody is confident.... those 2 big buys on Friday afternoon!!
the TU was for the lockdown period so realistically was going to reflect the lockdown period,looking forward, all stores opening next week and looks like some foreign travel likely to occur and will be increasing as we go forward, as per the times article today :-)
S-Moonraker - no idea, BUT, opening stores comes with extra costs - staff, stock, rates, rents, utilities etc - better to strengthen the online presence which has fewer overheads. However, the BONUS from opening stores is footfall for pledges, sales or purchase of jewelry and, of course, to collect foreign exchange.
On the foreign exchange side, far better to concentrate this online, trim margins for turnover volumes, offer secure delivery of cash etc. Foreign exchange competes with Post Offices, banks (despite closing in record numbers) and travel agencies. I would not be surprised if the larger supermarkets have a foreign exchange booth in store for that matter.
FWIW, I thought the update was muted, had a big cheer with the online side but all in all, not an upbeat one for investors to hang their shirts on.
Where do you think the new stores will be?
https://www.thetimes.co.uk/article/covid-19-holiday-travel-restrictions-set-to-ease-in-june-7rj2ztf9n
Popular holiday destinations could be opened up to British travellers at the end of June under a government plan to ease restrictions in time for the peak summer season.
Ministers are expected to allow quarantine-free travel from May 17 to a small number of “green-listed” countries that have a high level of vaccinations.
The government has said that it will review the plan on June 28, when the rules on testing and quarantine could be relaxed for amber countries. These could include popular European destinations such as Spain, Italy and Greece.
Peter Kenyon, Chief Executive stated '' Whilst the pandemic has had an unimaginable impact on communities and companies across the UK, we remain very confident that underpinned by our great value customer proposition, strong balance sheet and diversified model, we remain well-positioned to continue our growth trajectory as normality resumes."
Ramsdens also anticipate opening new stores over the next six months as part of their long-term growth strategy.
and yup, here it is the TU, as expected, interesting to see that online jewellery retail proposition, where revenue has more than doubled year on year. Lockdowns over now, all stores opening next week, cah is £15m at the Period end and an undrawn revolving credit facility of £10m. So all set nicely for going forward ...
https://*********************/newsfeed/article/trading-update-1184691
Good uptick today. Do we think there's a trading update on the way? The one in 2019 was around this time...