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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

Ramsdens - Acquisition of Money Shop stores significantly eps enhancing

December 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • RFX
  • Price:
  • 204p
Brightening the gloom of the dot com bust at the turn of the millennium was a remarkable performance by pawnbroker Albemarle & Bond, which unforgettably zoomed from 30p to an eventual high of over 300p. Although Albemarle subsequently imploded due to ill-timed, debt-fuelled expansion and over-relaxing its lending criteria, pawn broking is an extremely solid activity. That’s because you are lending money against gold jewellery and other precious metals, which are easy to value and don’t generally depreciate. At the same time stores typically build a solid base of returning customers over time, who use their jewellery to make ends meet and this makes for sticky revenues. Against this positive backdrop we believe that Ramsde ...

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Ramsdens - Trading well ahead of market expectations (February 2020)
Ramsdens - Buoyant gold prices helpful tail-wind for pawnbroker (November 2019)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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