Ramsdens Holdings PLC

Equities

RFX

GB00BDR6V192

Investment Banking & Brokerage Services

Market Closed - London S.E. Other stock markets 11:35:10 2024-04-26 am EDT			5-day change	1st Jan Change
187.5 ^GBX	-2.60%		-8.54%	-15.73%

Mar. 11	Ramsdens highly confident as boosted by high gold prices	AN
Jan. 15	Ramsdens ups dividend as profit up; expects loan book growth to slow	AN

Ramsdens highly confident as boosted by high gold prices

March 11, 2024 at 10:20 am EDT

(Alliance News) - Ramsdens Holdings PLC on Monday said it was "highly confident" in its growth prospects and expectations, citing a gilded boost in gross profit for its precious metals unit.

The statement came at the same day as its annual general meeting was held.

The Middlesbrough, England-based financial services provider and pawnbroker said that the pawnbroking loan book grew 3.9% to GBP10.7 million as at February 29 from GBP10.3 million at September 30, when its financial year ended.

Further, jewellery retail revenue was broadly flat compared to a year ago.

It added that purchase of precious metals gross profit jumped by about 20% year-on-year amid growing consumer awareness supported by a relatively high gold price.

Ramdens shares rose 6.7% to 192.00 pence each on Monday afternoon in London.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
S&P GSCI PRECIOUS METALS INDEX	3,046 PTS	+0.10%	-2.16%	-
GOLD	2,338 USD	+0.31%	-2.25%	-
RAMSDENS HOLDINGS PLC	187.5 GBX	-2.60%	-8.54%	74.07M

Latest news about Ramsdens Holdings PLC

Ramsdens highly confident as boosted by high gold prices	Mar. 11	AN
Ramsdens ups dividend as profit up; expects loan book growth to slow	Jan. 15	AN
Earnings Flash (RFX.L) RAMSDENS HOLDINGS Posts FY23 EPS GBX24.00	Jan. 15	MT
Ramsdens Holdings PLC Reports Earnings Results for the Full Year Ended September 30, 2023	Jan. 15	CI
Ramsdens Holdings plc Recommends Final Dividend, Payable on 22 March 2024	Jan. 15	CI
FTSE 100 Closed Up 0.5% Despite Oil Price Drag	23-10-05	DJ
Ramsdens shares gain as guides at least 19% rise in annual profit	23-10-05	AN
FTSE 100 Closes Slightly Down as Property Stocks Slip on House-Prices Data	23-06-07	DJ
UK Inflation to Be Among Highest in Major Economies in 2023, OECD Says	23-06-07	DJ
Ramsdens ups interim dividend 20% as profit and revenue jump	23-06-07	AN
Earnings Flash (RFX.L) RAMSDENS HOLDINGS Posts Fiscal H1 Revenue GBP39M	23-06-07	MT
Earnings Flash (RFX.L) RAMSDENS HOLDINGS Reports Fiscal H1 EPS GBX8.70	23-06-07	MT
Ramsdens Holdings plc Announces an Interim Dividend, Payable on 6 October 2023	23-06-07	CI
Ramsdens Holdings PLC Reports Earnings Results for the Half Year Ended March 31, 2023	23-06-07	CI
Ramsdens expects annual profit to rise, performing above expectations	23-04-04	AN
FTSE 100 Set to Rise After US Gains; Asia Trades Mixed	23-04-04	DJ
Ramsdens Holdings PLC Provides Group Earnings Guidance for the Fiscal Year 2023	23-04-04	CI
UK shareholder meetings calendar - next 7 days	23-02-24	AN
UK shareholder meetings calendar - next 7 days	23-02-23	AN
UK shareholder meetings calendar - next 7 days	23-02-22	AN
FTSE 100 Closes Down 0.1% Amid AstraZeneca, -2-	23-01-17	DJ
TRADING UPDATES: Active Energy makes progress on CoalSwitch project	23-01-17	AN
Ocado Consensus Estimates Might Drop After Update -2-	23-01-17	DJ
Earnings Flash (RFX.L) RAMSDENS HOLDINGS Reports FY22 EPS GBX20.70	23-01-17	MT
Ramsdens Holdings PLC Reports Earnings Results for the Full Year Ended September 30, 2022	23-01-17	CI

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Company Profile

Ramsdens Holdings PLC is a diversified financial services provider and retailer. The Company operates through four segments: Foreign Currency, Purchase of Precious Metals, Pawnbroking, and Retail of Jewelry & Watches. The foreign currency exchange segment comprises the sale and purchase of foreign currency notes to holidaymakers. The Pawnbroking segment consists of transaction an item of value, known as a pledge, (jewelry and watches), is held by the pawnbroker as security against a six-month loan. Through its precious metals buying and selling service, the Company buys unwanted jewelry, gold, and other precious metals from customers. The Company offers new and second-hand jewelry, including premium watches, for sale. It also offers additional services in cheque cashing, Western Union money transfer, credit broking and receiving franchise fees. The Company offers its services across a portfolio of stores and online. It operates around 160 stores within the United Kingdom.

Sector

Investment Banking & Brokerage Services

Calendar

2024-06-04 - Q2 2024 Earnings Release (Projected)

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.875 GBP

Average target price

2.9 GBP

Spread / Average Target

+54.67%

Consensus

Annual profits - Rate of surprise

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