Unexpected upgrade | Amazing growth | Genesis
An unexpected trading update from a beneficiary of the booming gold price brings yet another upgrade. The shares continue to look compelling value on many fronts, as our coverage here highlights. Elsewhere, another woolly update from a research and data analytics group concerns us – are big impairments on the horizon? Read on here for our thoughts on this and other news from AIM, including a surprising rise in the share price of an unloved supplier of colour cosmetics.
Ramsdens: shares climb on unexpected update Ramsdens (AIM:RFX), the pawnbroker, jeweller and foreign currency provider, is continuing to benefit handsomely from the elevated price of gold. With profits from the purchase of precious metals segment significantly ahead of expectations and good performances across the Group's other income streams, profit before tax for its financial year to September 2026 is now anticipated to be more than £21m (FY25: £16.2m). That’s 30% growth on the prior year and 13% ahead of previous expectations which were for pre-tax profit of £18.6m. The Group has not only benefited from the record high gold price…