This diversified financial retailer, has just announced commendable results over a difficult period, demonstrating considerable resilience. Sitting on plenty of cash, its diversified offering means it is well-placed to weather further short term disruption and go on to thrive when markets do return to the new normal. Our in-depth commentary here highlights the appeal of this under-appreciated and modestly valued business.
A little history
The first Ramsdens (LON:RFX) opened in Stockton-on-Tees in May 1987 and was involved primarily in home collected credit. By the 1990s it had expanded and today provides a diversified range of financial-related services which encompass pawnbroking loans, gold buying, jewellery retailing and foreign exchange.
The company was admitted to AIM in February 2017 in a transaction which partially served to provide an exit for selling shareholders (£10.6m in gross proceeds), primarily North Edge…
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