5 March 2019 – acquisition

The acquisition of the business and certain operating assets of a selected portfolio of stores currently trading as The Money Shop has been announced.  Consideration will be £1.5m payable in cash and the 18 acquired stores will be rebranded as Ramsdens in the coming weeks.  This is described as a value enhancing acquisition and gives us no reason to change our favourable view of the company.  BUY.