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No I'm still in - profit ahead of expectations just need to emulate HAT
Looks a good update, hope I'm not the only remaining holder here!
from the cost of living crisis. https://twitter.com/LEMMINGINVESTOR/status/1563866649677254657
I added a few more for elder son this morning. This time in an ISA. My account and that for my wife are managed on a discretionary basis and, although dealing notes come through once or twice each quarter, these have been sell notes so am sitting on rather more cash than is usual. Sadly, at some point in the next few months, I will be a beneficiary to both a substantial and a minor legacy which, as recession bites is likely to provide interesting buying opportunities.
RFX goes ex dividend on 1st September - pays 2.70p.
Just adds to reasons to buy here - I note the MMs have virtually no shares available this morning at 202p
Tipped 250p target, I can see this going over 300p in 2023. Perfect storm coming and Ramsdens is going to benefit. Strong Buy
Just been tipped by Simon Thompson
https://www.investorschronicle.co.uk/ideas/2022/08/23/cost-of-living-crisis-pledged-to-succeed/
Alas, I'm also looking to add in the next couple of weeks. I've been a holder for a good few years now. Holidays will always go ahead. The pawnbroking side has never had this "perfect storm" behind it which is coming, the only thing holding this back now is the price of gold, once that starts to move north all the chips are in place :)
With the prospect of an "official" recession drawing even closer, interest rates rising and misery for workers, I have bought 1,000 shares today for inclusion in a SIPP wrapper. Although foreign travel for many has been a misery this year which, coupled with the cost of living that is going through the roof, I am sure that the pawnbroking side will thrive. For many, the annual skiing holiday might not happen in 2023 but am pretty sure that the summer one will go ahead as planned.
Plenty of buys coming in this morning off the back of strong results at H&T.
Back over 200p soon IMO.
Pawnbroker going into recession, cash rich. What's not to like?
In case any were interested, i made investment in Molten Ventures, the epic for which is GROW. Of course please note that THIS IS NOT INVESTMENT ADVICE, simply completeness when asked a question.
I continue to have RFX on my radar but am not convinced that the strategy in place for expansion of the business is prudent in such troubled times. The underlying business is great, but organic expansion is yet to show advantage in the accounts.
I totally agree with you that pawnbroking is going to be heavily in demand so I have been buying more Ramsdens shares this week at an average price of 179p. I don't understand why Ramsdens shares are at a similar price as they were six months ago while H&T are up about one pound during the same period.
Well only a few weeks ago, on strong results RFX hit 220p.
Today you can buy at 182p.
What's changed?
= Nothing, and with the cost of living increases, pawnbroking should be heavily in demand,
The madness of markets and an opportunity for the brave.
I added more yesterday.
we are obviously in for some good news looking at todays SP.
I have just been speaking on line to Peter Kenyon the chief executive of Ramsdens and he has informed me that Ramsdens will be announcing their interim results on wednesday June 8th.
Thank you. Currently sitting on (for me) a high proportion of cash. Few hiding places this year but a few gems in my portfolio. Sold another tranche of my holding in Shell yesterday. Bad news is still coming out and until there is good news (aside from the reduced severity of Covid), markets are likely to fall further.
Even companies whose revenues have been stable have been marked down. Correction from high valuation due to the change in geo-politics account for much. Markets do change and strong rises often occur. Judging when to apply cash is as important as taking profits and cutting losses. Although there are some excellent opportunities at the moment, my normally optimistic nature is struggling in the metaphorical fog that investors find ourselves.
Cerillion (AIM) has been very good to me, and looks ready for a further rise imv. Like you I'm going to at least take some profits, though it's likely perhaps to go to DSCV: which is in the FTSE 350.
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 :-)