Small Company Champion & Lemming Investors Research and Newsletter Updates

Sunday, 11 April 2021

Ramsdens Holdings - Dissapointing Trading Due to Covid-19


Ramsdens Holdings Plc (RFX) the diversified financial services provider and retailer, announces a pre-close trading update for the six months ended 31 March 2021. Announced it has been affected negatively by fewer transactions from its lucrative jewellery retail trading and foreign currency, thus the company expects a "small loss" for its first half, due to Covid-19 restrictions.

It did flag these as likely issues. However, the focus was always on post-Covid-19 and therefore the smart money would be accumulating ahead of normality because the company is in a solid position with no financial issues concerning its survival. 

Spectra Systems - Receives notice of allowance from US Patent & Trademark Office


Spectra Systems (SPSY) Receives notice of allowance from the US Patent & Trademark Office for banknote disinfecting technology and expects a patent within six weeks. Technology can disinfect 5 million banknotes in less than two hours by using nitrogen to create an oxygen-free atmosphere, along with heat, to deactivate SARS-2. Other applications have been filed in other regions across the world.

Chief Executive Nabil Lawandy says, "Central banks and casinos that exchange cash with the public may conclude that a proactive approach rather than denial is the logical approach to maintaining the use of cash worldwide." 

Original Zulu report