29th Nov 2021. 9.56am
Regency View:
CLOSE Ramsdens (RFX)
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%