Bargain hunting | Run Britain update
An unexpected trading update from a fast-growing, diversified financial services provider and retailer, which is benefitting from the strong gold price (even after recent falls), has brought another upgrade to forecasts. The well-covered 6.7% dividend yield by itself should be encouraging greater interest, although the situation in the Middle East is turning investors’ heads. Elsewhere, we assess encouraging results from a highly regarded manufacturer of surgical products, whose business looks in decent shape. Read on here for more on this as well as an update on Megan Boxall's marathon challenge around the UK coastline.
Ramsdens: not just gold Ramsdens Holdings (AIM:RFX), the fast-growing, diversified financial services provider and retailer, continues to benefit from the high gold price, despite recent falls. Its other business segments are also doing nicely. Despite recent falls, Ramsdens believes that the gold price could remain elevated throughout the second half of its financial year to the end of September 2026 (‘FY26’) and consequently profits within its precious metals division will be ahead of previous expectations. The average gold price for the year to date is approximately 50% higher than prior year. The higher gold price is also contributing to an…