Ramsdens Holdings (RFX)

Sector:

Financials

Index:

FTSE AIM All-Share

192.50p
   
  • Change Today:
    -5.00p
  • 52 Week High: 262.50
  • 52 Week Low: 171.50
  • Currency: UK Pounds
  • Shares Issued: 31.71m
  • Volume: 47,795
  • Market Cap: £61.05m
  • RiskGrade: 193

Ramsdens shares drop despite record profits as Q1 trading slows

By Benjamin Chiou

Date: Monday 15 Jan 2024

LONDON (ShareCast) - (Sharecast News) - Shares in AIM-listed Ramsdens fell on Monday despite the travel money, pawnbroking and jewellery store chain delivering a "milestone" profit of £10m in its annual results, as the company announced a slowdown in trading in its first quarter.
For Ramsdens' first quarter ended 31 December, the company reported flat foreign exchange gross profits with currency purchases from returning holiday makers "still subdued". Revenues in the jewellery retail division were also said to be flat.

The company, which has 165 stores across the UK, reported a record pre-tax profit of £10.1m for the 12 months to 30 September, up 22% on last year, with revenues rising 27% to £83.8m.

Foreign currency gross profit increased 8% to £13.6m, back ahead of pre-covid levels, jewellery retail revenue increased 23% to £33.5m, while the active pawnbroking loan book increased by almost 20% to £10.3m.

Ramsdens said higher gold prices have helped precious metals buying volumes and values, with revenue across this segment surging by almost 50% to £23.5m.

The company increased its final dividend by 13% to 7.1p, lifting its full-year dividend by 16% to 10.4p.

The stock was down 8% at 197.5p by 0831 GMT.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

RFX Market Data

Currency UK Pounds
Share Price 192.50p
Change Today -5.00p
% Change -2.53 %
52 Week High 262.50
52 Week Low 171.50
Volume 47,795
Shares Issued 31.71m
Market Cap £61.05m
RiskGrade 193

RFX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
43.67% above the market average43.67% above the market average43.67% above the market average43.67% above the market average43.67% above the market average
62.62% below the sector average62.62% below the sector average62.62% below the sector average62.62% below the sector average62.62% below the sector average
Price Trend
16.74% below the market average16.74% below the market average16.74% below the market average16.74% below the market average16.74% below the market average
Sector averageSector averageSector averageSector averageSector average
Income
82.46% above the market average82.46% above the market average82.46% above the market average82.46% above the market average82.46% above the market average
24.24% above the sector average24.24% above the sector average24.24% above the sector average24.24% above the sector average24.24% above the sector average
Growth
92.34% above the market average92.34% above the market average92.34% above the market average92.34% above the market average92.34% above the market average
96.30% above the sector average96.30% above the sector average96.30% above the sector average96.30% above the sector average96.30% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RFX Dividends

  Latest Previous
  Final Interim
Ex-Div 15-Feb-24 07-Sep-23
Paid 22-Mar-24 06-Oct-23
Amount 7.10p 3.30p

Trades for 24-Apr-2024

Time Volume / Share Price
16:34 20,501 @ 198.50p
16:19 12 @ 190.00p
16:12 14 @ 194.90p
15:42 500 @ 191.00p
14:22 108 @ 194.50p

RFX Key Personnel

CEO Peter Edward Kenyon
CFO Martin Anthony Clyburn

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