Ramsdens Holdings ( (GB:RFX) ) has issued an announcement.
Ramsdens Holdings PLC has announced a positive trading update for the first half of FY25, with profit before tax expected to exceed £13 million, surpassing previous expectations. This growth is attributed to strong performance across its core income streams, particularly in precious metals and jewellery retail, supported by high gold prices and new customer-focused websites. The company has also expanded its store network and launched new services, enhancing its market position and stakeholder value.
Spark’s Take on GB:RFX Stock
According to Spark, TipRanks’ AI Analyst, GB:RFX is a Outperform.
Ramsdens Holdings demonstrates strong financial performance with robust profitability, prudent leverage, and efficient cash management, which are the most significant contributors to the score. While technical analysis suggests some short-term challenges, the long-term outlook remains positive. The stock’s attractive valuation and recent positive corporate events further bolster its overall score.
To see Spark’s full report on GB:RFX stock, click here.
More about Ramsdens Holdings
Ramsdens Holdings PLC is a diversified financial services provider and retailer, focusing on foreign currency exchange, pawnbroking loans, precious metals buying and selling, and retailing of second-hand and new jewellery. Headquartered in Middlesbrough, the company operates 169 stores across the UK and is expanding its online presence. Ramsdens is fully FCA authorized for its pawnbroking and credit broking activities.
YTD Price Performance: -9.01%
Average Trading Volume: 75,272
Technical Sentiment Signal: Strong Sell
Current Market Cap: £68.9M
See more insights into RFX stock on TipRanks’ Stock Analysis page.