Redde Northgate Share Discussion Threads

[solrei] 15/12/2016 18:25

Last trade of the day at 16:55 was at 1.62 but it means nothing. Just a delayed trade probably.

[capricious71] 15/12/2016 18:19

Strange that Google Finance has it as closing at 162p

[woodcutter] 15/12/2016 17:31

melf i doubt any manipulation but i do figure there's a persistent seller.

wc

[woodcutter] 15/12/2016 17:29

prok the price gapped up at the open. yesterdays close was 156p and it open today at 163p so it gapped up at the open and as the day progressed that gap filled as the closing price was 154p. I've only used round numbers and neglected to include quarter and half penny positions.

woody

[fozzie] 15/12/2016 16:16

Oh I've quite a few shares that never seem to enjoy a full rating despite consistently banging out good numbers, XLM would be one.

[prokartace] 15/12/2016 16:15

When you said 'fill the gap' did you mean 'go to a new low'?

[melf] 15/12/2016 16:12

Woodcutter are you suggesting MM manipulation? It wouldn't be the first time........

[woodcutter] 15/12/2016 15:51

well I've not seen that very often................ahead of expectations statement and the day is likely to finish red.........smells fishy to me

woody

[solrei] 15/12/2016 15:34

Price action here today is pretty appalling considering the fundamentals.

[pistonbroke1] 15/12/2016 14:26

Gap is closed

[capricious71] 15/12/2016 14:05

Alas, I bought at 162 but as my average is about 88p (originally buying at 70p), including all reinvested dividends, I'm quite happy.

[prokartace] 15/12/2016 12:41

Dont mind stock not moving as long as divi increases. Eventually share price will readjust but glad I can buy at this yield

[steeplejack] 15/12/2016 11:48

Market's becoming a bit blasé about these consistently good results.......but,of course,we're all on the thunderous Trump growth train so we can catapult all these dividend proxy stocks and steady eddies for cyclicals.?

[woodcutter] 15/12/2016 11:45

Well i'm heavily invested here and it's a frustrating experience. This must be the most unloved stock on the market, great statement and still there's little share price progress to show for it. I can't help think there's a persistent seller in the market.

woody

[pistonbroke1] 15/12/2016 11:21

Theres your 160 to buy. i'm wondering if it's going to close the gap @ 156.50 before moving north again.

[capricious71] 15/12/2016 10:05

I'm hoping the selling will continue and I'll snaffle some more at around 160p.

[sphere25] 15/12/2016 07:50

Nice update!

So the stock has sold off from over £2 as the fundamentals remain strong. That dividend does appear to be ahead of expectations too. I'd expect a strong bounce here as the stock looks well oversold imo.

If they keep putting out strong statements like that, then I'd expect a gradual move back up toward £2. If they do get close to an 11p dividend, that's a yield of almost 7% at £1.60 and 5.5% at £2.

All imo

[skinny] 15/12/2016 07:41

Current Trading

The Redde Board is pleased to announce that the Group’s strong start to the year that we referred to in our announcements on 1 September and 27 October 2016 has continued through into December.

Sales continue to show an increase over the corresponding period last year reflecting both organic growth and the effect of the acquisition of FMG on 27 October 2015. As a consequence, trading profits remain ahead of our own expectations and the corresponding period last year.

Results for the 6 months to 31 December 2016 and Interim Dividend

The Board expects to announce the results for the 6 months to 31 December 2016 at the end of February 2017.

Based upon trading to date the Board would expect to declare at that time an interim dividend of not less than 4.90 pence per share for the year ending 30 June 2017. This would compare to an interim dividend of 4.50 pence in respect of the financial year ended 30 June 2016 and would represent an increase of 8.9%.

[silverfern] 15/12/2016 07:13

Ahead of their own expectations - interim div up to 4.9p; (likely fy 11.00p I reckon)

[xtrmntr] 13/12/2016 14:07

Think I'll wait a bit before buying some more. No doubt if I wait they'll go up and if I buy they'll go down.

[xtrmntr] 12/12/2016 15:01

When is the trading update due?

[pistonbroke1] 09/12/2016 16:40

Closed right on the 161 support / resistance line. Monday will give guidance if we are going to break this downtrend or do a 3 day splash and dash down. Either way it will be above this price this time next week.

[silverfern] 09/12/2016 11:53

Bought a further 7k in two lots, a very good prospect of recovery on the cards