Ramsdens - excellent results from this well-balanced business
Interim results from the diversified financial services provider, whose retailing operations are enjoying a growth spurt, were excellent. However, the shares continue to look modestly valued as our research here highlights.
Ramsdens’ (LON:RFX) presence on UK high streets is accelerating thanks to a big increase of its store estate over the past few years. Update: excellent interim results to 30 September 2019 Interim Results for the six months ending 30 September 2019 were excellent with a 30% increase in sales to £32.5m translating into a 23% increase in reported pre-tax profits to £6.2m. Results were helped by the opening of 3 new stores and the acquisition of 4 stores trading as The Money Shop. A further store was opened after the period end bringing the store estate to 160. Having suffered…