Even better for shareholders | Double digit growth | Dividends galore
The last of the UK’s listed pawnbrokers has managed to extract a higher price from its acquirer. While that’s great for shareholders, it will be sad to see the UK stock market lose another excellent small company. Elsewhere, there have been strong updates and results from several AM companies covered here, with plenty of double digit growth and attractive dividends on offer. Read on here for our usual forthright views.
Ramsdens: it’s getting even better for shareholders Ramsdens Holdings (AIM:RFX), the diversified financial services provider and retailer, which previously agreed to being taken over at a price of 600 pence per share has managed to extract even more from its acquirer. US-listed pawnbroking group FirstCash, is now offering 675 pence per share and another 9 pence of dividends, valuing Ramsdens at £229m. The latest improved offer has come as Ramsdens provided improved guidance for its financial year for pre-tax profit of between £32m and £35m, up from £30m-£33m previously. While the gold price has fallen by more than 20% from…