20 November 2019 – share price movement

The diversified financial services provider and jewellery retailer has noted the recent share price weakness and confirmed that it does not offer unsecured personal loans nor high-cost, short term credit loans as defined by the FCA.  Rival H&T Group is facing an FCA review into this practice and it appears that there has been a knock-on effect.  Ramsdens continues to trade in line with the expectations and results for the six months ended 30 September 2019 are due out on 3 December.  We remain impressed by the company and keep our BUY rating.