Regency View:

Ramsdens (RFX) – Close at 155p

Last week’s news of a highly mutated Covid-19 variant, now labelled Omicron, is potentially a bit setback for the travel industry…

While Ramsdens is far from a pure travel play, more than 40% of pre-pandemic revenues came from currency exchange. Hence last week’s news may set Ramsdens recovery back several months.

With this in mind, we are going to close our position for a

Gross Profit / Loss (Inc Dividends) = -14.4%

RFX Weekly Candle Chart