Good morning, these are on the menu today:
Ramsdens Holdings (LON:RFX)GYM (LON:GYM)Mercia Asset Management (LON:MERC)Boohoo (LON:BOO)Block Commodities (OFEX:BLCC)Finished at 4.55pm.
Ramsdens Holdings (LON:RFX)
Share price: 202p (+1%)No. of shares: 31 millionMarket cap: £62 millionInterim Results
Good results from this major pawnbroker.
Let me give you a quick recap of the two major differences between this one and H amp; T (LON:HAT) (where I have a long position).
RFX is associated with Northern England, Scotland and Wales, while HAT’s home turf is London.RFX’s business is heavily weighted towards foreign currency exchange (there is a clue in its ticker), while HAT is more focused on the traditional pawnbroking segment.I like both companies, and I admire RFX’s very strong return metrics. If I had been invested in RFX rather than HAT recently, I would have avoided the FCA investigation into HAT’s personal loans business.
That said, I have a…
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