Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Have added a few today in my ISA. 2023 has got off to a brisk start despite the hardships faced by many.
Tipped yesterday by NT on ex dividend day - a buy and tuck away in ISA
Covered by Simon Thompson in today on line version of Investors Chronicle - rated a buy at 216p, target 260p.
Will get much wider coverage when it appears in the printed version.
Liberum the company broker has increased its target price for Ramsdens Holdings from 240 pence to 260 pence.
Has to rerate.
Per stocko. HAT PER c14-15.
RFX - PER - c10.5
Looking forward to Simon Thompson write up on this. Prob. next week?
obviously very good....and getting better.......safe place to park money and sit back and collect great divis........
Well there you go...!
Still too cheap for me to want to sell
What does the market think is factored in, more to the point? Opening seems so far away...
Mcap £66m assets £42m, no brainer me thinks
Cost of living crisis and impact on forex was why peeps sold off RFX a few months back - seriously?
https://www.bbc.co.uk/news/business-64234234?xtor=AL-72-%5Bpartner%5D-%5Bbbc.news.twitter%5D-%5Bheadline%5D-%5Bnews%5D-%5Bbizdev%5D-%5Bisapi%5D&at_medium=social&at_format=link&at_campaign_type=owned&at_ptr_name=twitter&at_link_type=web_link&at_link_id=574B3300-9393-11ED-8ED8-AB004844363C&at_campaign=Social_Flow&at_link_origin=BBCNews&at_bbc_team=editorial
The way that the share price of Ramsdens has surged this week in anticipation of the results on Tuesday makes me wonder if my predicted price of 230 pence may be too conservative.
My Yahoo! feed just returned 213.7p. Was it something I said...?
My guess - 275p by end of 2023, which is still PER of very low teens.
Gold price - fab for RFX
Forex - fears of cost of living crisis - completely misplaced - most peeps saving up for their hols still - as mentioned, look at
OTB, Wizz, IAG, EZJ and TUI
Pawnbroking - their forte - environment can not get any better for RFX. Sad to say, further compounded by the death of doorstop lenders - PFG / MCL etc,
They are completely raking it in.
Also rents on shops - might get reduction given abundance of commercial shops to let.
was looking like a triple top (V. worrying). Hopefully prevails today; following target 214, then pre-Covid peak of 258. Elephant in the room is US Fed Res whining that over-spending will push up inflation and increase the need for higher interest rates. Hopefully that worry is overstated, but I can't help feeling there's a large element of denial in the US rally. That said, my glass half full outlook says onwards and upwards (12-,20-,50-and 200-day averages all in ascent, and SP prevailing above them)
It looks to me that Ramsdens is following the same pattern as H&T whose shares rose both before and after their last set of results. I would not be surprised if Ramsdens shares hit 230p when the results are announced next tuesday.
IMO, brokers will upgrade RFX significantly: they are being valued by the market considerably less than HAT.
Not long to go now.
The sell-off due to concerns of cost of living crisis was rubbish - look at OTB, SAGA etc, market sentiment has flipped.
I am hopeful that when Ramsdens release their Annual Report on January 17th that the share price will follow the same pattern as H&T whose share price rose by around 20% shortly after the release of their figures. I cannot see anyway that both H&T and Ramsdens will not be doing well under the present economic situation which is affecting so many people.
So it seemed that today was as good a time as any to add to my holding. Once of the few that added weight this year.
Oh well, 2023 is not too far away. I hope it will be better for everyone.
https://twitter.com/surprised_trade/status/1593323852817481731
profits expected to be ahead of expectations & today's 'budget' very likely to increase profits further as pawnbroking business continues to grow. ..broker has 240p target
https://www.v o xmarkets.co.uk/articles/v o x-markets-fund-manager-series-judith-mackenzie-of-downing-asset-management-f6461eb/
RFX gets a mention at 5.14mins and a very positive review at 29.30mins
Must admit I can't resist this one I've held for a few years now and keep adding. SIPP, ISA and CFDs the more it goes down the more I load up. The reason this is getting sold off I think is due to foreign exchange with people not going on holiday, but we all know general public will wrap in a blanket in the winter dreaming of Benidorm. Holidays are the last thing people give up. Look at the US carriers updating this week, expanding routes!
Rich I've been adding myself from 1.78 and again 1.68. Mcap £53m assets around £25m no brainer I think
Adding this morning at £1.67 / £1.69. Daft drop considering these were pushing £2.20 not long ago.
Nothing changed, just private investors selling a few and market makers dropping bid down hard to generate volume.
Can't see how RFX can do anything but well in deep recession to come...
Love a 25% discount!