A tale of two pawnbrokers - which is better value?
This pawnbroker and jewellery retailer has announced excellent results, lifting the shares. While pawnbroking might not appear to be the most exciting of activities, it’s proven itself over the ages and other ancillary offerings have compelling growth potential as you can discover here. We consider which of AIM’s two pawnbrokers look better value at current levels.
Ramsdens (AIM:RFX), the diversified financial services provider and retailer, has announced excellent interim results. As you can discover below the valuation looks modest on many levels. But how does it compare with its AIM peer. Read on for our assessment. Our previous premium commentary here highlighted the appeal of the excellent little business and it hasn’t disappointed. Ramsdens operates in the four core business segments of foreign currency exchange, pawnbroking loans, precious metals buying and selling and retailing of second hand and new jewellery. Importantly it does not offer unsecured high-cost short term credit. Headquartered in Middlesbrough, the Group currently…