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Very undervalued share, this. Well-run company with a cash pile, plus a very good reflation trade. On fundamentals, this is astonishingly cheap.
Thinly traded for now, but I suspect low selling interest. Wouldn't take much to move this to £2+.
Impressed by the clarity of the firm's latest results video. Also impressed by the customer reviews. Seems RFX will be operating with fewer competitors soon, too.
Lots of plus points here, which is why I'm in. I strongly encourage interested investors to research the company before dismissing. A diamond in the rough. GLA.
Yes I agree, well run company well-suited to the times we are in!
https://twitter.com/surprised_trade/status/1365959274753630209
no debt, cash in bank (possible M+A ahead) and profitable ...stores fully opening in a few weeks.
'' there will be less competition in the market place '
https://www.youtube.com/watch?v=2n4XVLjj9u4
Hi Danl90
I though I recognized your call sign. I first had this RFX brought to my attention through IC.
But yeah, I still like BOO but at the moment only if I see it around the £3 mark.
To be honest the BOO BB annoyed me. Too many onesided arguements and blind optimism. Was like being in a room full of piers morgans if you expressed an opinion other than the stock being £8 quid a share by next week.
Downing fund sold a few. Hopefully not selling their full 15%
550k new shares from options for sale 1st march.
@buffalo - did you follow here from boo?
This will be a cracker of a share. Boo is a dog - don't tell all but I never bought back in! Just fun to keep winding up
Nice end of day spike. Should keep recovering for the next 6 weeks........
cheers I'll have a look
''Peter Kenyon notes that there will be less competition in the market place as battered independents don’t have deep pockets''
https://www.youtube.com/watch?v=2n4XVLjj9u4
from 16.05 mins re possible aquisitions :-)
Any info on possible M + A?
https://twitter.com/surprised_trade/status/1364158071455576066
no debt, cash in bank (possible M+A ahead) and profitable ...stores fully opening will only add to potential
fully re opening all stores in April nationwide will boost the current 'essential business' status that has allowed RFX to keep part of business operating through lockdown & further improve figures etc
From a technical perspective, I have found that using both the 50 day and 200 day simple moving averages (SMA) is a good general indicator of the time to buy and sell. My understanding of a Golden Cross is when both the 200 day SMA and 50 day SMA are rising and occurs when the 50 day SMA crosses above the 200day line.
It rather looks as if we saw that on 23 December. The two lines have been rising since then and although the share price has occasionally dipped below both, the share price is finally in recovery. At least that is what I determine from the chart.
Coupled with the guidence published by the Prime Minister the mood of the country seems to have perked up again - the last times were the announcement of viable vaccine followed a few weeks later with the vaccination program beginning. Time will determine the outcome, but I am looking forward to shaking off the gloom and misery of a damp winter.
Market cap touched £80m before the pandemic. I think within 12 months from now you can safely add £1 to the current sp plus return of dividends.
When is then next trading statement due?
I think due to the very low market cap this company is under the radar. When numbers come out this will re-rate like we are seeing with others “re-opening” plays
The great thing here is that we are still making as cash stores open. FX will be the big gain now Thomas cook is gone
Just bought in as well, growing company, no debts, loads of cash, declared profits in September.
only around 6 or 7 weeks for re opening fully all stores etc ..a lot to look forward too ;-)
Hi Surprised.
Yeah I saw that same article and attracted to its ability to do well in a recession , enjoy high gold prices and when travel picks up the FX arm.
I am sure there will a short term bounce but I do believe in a post covid world there will be sadly many left behind while others have managed to save a substantial amount.
last results were Dec 2020 adjusted for 18 month to Sept 2020...Would be reasonableto expect trading update around March , but that is a guess as could be extened to June, however a recent IC article highlighted the potential here and the greater potential as the economy opens up over the next few months :-)
IC bargain share 2021
Middlesbrough-based Ramsdens (RFX: 137p), a diversified financial services group whose main activities encompass foreign-currency exchange, retail jewellery, pawnbroking and a precious metals buying and selling service, was a star of my 2018 Bargain Shares Portfolio. The share price rallied from my 157p entry point to a high of 260p by early January last year, before giving back all those gains, and more, in the 2020 stock market crash.
The fundamental long-term drivers of the business have not changed even if the profitability of certain business division have been impacted by national lockdowns in the short-term. This is exactly the type of recovery play Ben Graham would be looking for to create a decent ‘margin of safety’ as well as offering prospects of a sharp rebound in profits when life returns to ‘normal’. That’s because Ramsdens’s market capitalisation of £42.2m is only 19 per cent higher than NAV of £35.6m even though the group has a debt free balance sheet and holds cash of £15.6m. Current assets of £38m are almost four times current liabilities of £9.8m, highlighting a strong liquid ratio and an ability to pay its bills.
When is the next set of results due?
New holder
I think this is the best value play on the reopening and travel story with the FX
Also think gold is heading places
I agree share price will soon get to £2 plus in the not too distant future. When travel becomes normal again £3 plus I think.
Slowly but surely getting back to £2
Think the FX business may struggle obviously with travel restrictions, but I think any loss in FX will be offset by a soaring Jewellery/Gold/Silver exchange and pawnbroking business
Still cash generative so more like the business growth has been put on hold whereas other companies have really struggle and had to raise funds / dilute
Few acquisitions would be nice
I expect there will be an announcement once the AGM is over though I doubt there will be anything much to report.
My hunch is that there is a general air of weariness over the restrictions in place but that the NHS is really getting on with the job of rolling out vaccine as fast as possible and to as many as possible. At some point (probably late Spring is my best guess) over 50% population over 35 will have received first dose. That will, I hope begin to mark the point of herd immunity and lives can begin to return to more normal behaviour.
Doubt that international travel will be practical for this summer, but more probably return with a vengeance from the Winter. Interesting to see that forward bookings for flights on some of the low cost carriers that are usually only cover 3 months are covering 14 months at the moment. I guess it is to encourage cashflow to mitigate repayments from cancelled plans.
I want to know, too. Was wondering what it means.