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Ramsdens - nicely balanced business still looks modestly valued

Ramsdens store front inside shopping centre
Recent results from the diversified financial services provider, whose retailing operations are enjoying a growth spurt, were highly encouraging. 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 in the last few months. The group ended its financial year to March 2019 with 156 stores, up from 131 at the end of the prior financial year and 127 at the IPO in February 2017. That expansion helped boost annual revenue by 17% to £46.8m, while gross profit and underlying pre-tax profits were up 7.7% and 3% respectively - an indicator of how much the company has invested in expanding its offering in the last year.

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Fundamental Asset Management

This article was written by experts from Fundamental Asset Management.

Specialist Inheritance Tax (IHT) investment management firm, Fundamental, has unrivalled knowledge of AIM and smaller quoted companies. Fundamental has successfully managed AIM portfolios for IHT planning purposes since 2004, delivering outstanding growth for its clients, well ahead of mainstream funds and stock market indices.

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