Market's view on Ramsdens Hldgs
Published on April 2024
- There was a significant late declared sell of 181,650 shares at 185p, suggesting notable trading activity.
- Stock watchers noted that no company can resist market flows except through buybacks, highlighting how UK capital has profitably exited the local market.
- Concerns were raised about forced selling due to private investors withdrawing from a fund, particularly affecting the stock prices of undervalued AIM stocks like RFX.
- There is speculation about a large seller consistently offloading RFX stock, despite its low price levels.
- Observations were made on the unusual market activity around RFX, particularly when compared to its peers like HAT, and its pricing being extremely cheap.
- The gold price was noted to potentially help improve profit margins.
- Forex transactions are still reported to be 20% down compared to pre-COVID levels despite increased margins per transaction.
- A positive AGM trading update from Ramsdens Holdings indicated strong performance and confidence in ongoing growth, supported by a new £15m credit facility.
- A comparison between HAT and RFX was discussed, noting differences in business models and asset valuations.
- Downing Funds was mentioned for its contradictory actions of selling RFX holdings while simultaneously promoting RFX in new investment prospects.