4 April 2019 – trading update.
The group has continued to trade well and in line with initial expectations for the year. This performance again reflects the strength of the diversified business model with growth across the four key income streams of Foreign Currency, Pawnbroking, Jewellery Retailing and the Purchase of Precious Metals. In March the strategic acquisition of 18 stores and 5 loan books from Instant Cash Loans Limited was announced and the integration is said to be going well. The acquisition is further expanding the reach of the Ramsdens brand in the fragmented UK market. Full year results are due on 12 June and ahead of the announcement we keep our BUY rating.