Share Name Share Symbol Market Type Share ISIN Share Description
Redde LSE:REDD London Ordinary Share GB00BLWF0R63 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +3.25p +2.06% 161.00p 160.50p 161.25p 165.25p 157.00p 161.00p 851,549.00 16:35:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 379.2 25.2 8.7 18.6 489.37

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Redde (REDD) Discussions and Chat

Redde Forums and Chat

Date Time Title Posts
09/12/201616:40Redde plc - accident 'restoration' activities2,594.00
28/8/201611:13Is LGT the next REDD?9.00

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Redde (REDD) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09/12/2016 17:08:25161.004,0006,440.00O
09/12/2016 17:00:02163.525,6009,157.12O
09/12/2016 16:54:16161.706,66110,770.75O
09/12/2016 16:54:16160.912,3553,789.49O
09/12/2016 16:48:31163.0110,15716,556.50O
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Redde (REDD) Top Chat Posts

DateSubject
09/12/2016
08:20
Redde Daily Update: Redde is listed in the Support Services sector of the London Stock Exchange with ticker REDD. The last closing price for Redde was 157.75p.
Redde has a 4 week average price of 162.19p and a 12 week average price of 179.30p.
The 1 year high share price is 214.75p while the 1 year low share price is currently 136.50p.
There are currently 303,956,626 shares in issue and the average daily traded volume is 287,342 shares. The market capitalisation of Redde is £489,370,167.86.
02/9/2016
19:43
knigel: Has he been moaning since the share price was 1p (pre consolidation)? What 4-5 years ago now :-)
30/6/2016
13:10
nicky name: only two or three years ago the share price was the level of this year's projected dividend It was about 0.8p? (maybe less) at its nadir, and then there was a 10 for 1 consolidation so 100% yield for holders who bought then I remember that there was a private investor who held over 3% rather a hefty CGT bill to pay if he is still holding! and the shares for free paid for out of this year's divi alone well done board! this company was once heavily and famously shorted by Evil Knievil, so just shows how heavily shorted shares CAN turn around capital growth of c.2000% = twenty bagger so far, nice!
30/6/2016
06:45
pistonbroke1: Final Divi raised to not less than 5p thats a decent rise of 15%. and at todays share price represents a 7% yield if we assume 10p min for full year next year.
09/5/2016
12:39
fizzypop: A mention in Paul Scott's report today: Someone told me that apparently there's a new legal framework for the insurance sector being created by the Govt. I don't know any details, but have been told that this could undermine some companies in that area. This could perhaps explain the softness in the share price of Redde (LON:REDD) recently, despite its regular excellent trading updates? - See more at: hxxp://www.stockopedia.com/content/small-cap-value-report-9-may-2016-grg-bhs-130568/#sthash.vlANZQgL.dpuf
04/5/2016
11:43
pistonbroke1: At the end of the day this is a UK company trading solely within the borders of the UK. It isn't at the perils of Brexit, Trump/Clinton mania, the price of gold, oil or any other commodity for that matter. The truth is the share price got a little over heated when it went above £2, the PE was over 20 and it was over bought, a pull back was bound to happen. That said this company continues to make astute acquisitions which together with a good management team are producing increased profits and dividends year on year. I fully expect the year end results to show continued strength which will in turn increase the share price without the PE getting overheated. Buy on the dips then sit back relax and collect your divis, the share price will do just fine over time!
29/4/2016
12:11
bc4: If you look back to March 2014 to same thing happened, the share price had rose from 15p to 75p then dropped back to 50p before hitting 200p now I am not predicting the same but there always seem to be shenanigans with a share price after a large rise this is not the first good company and will not be the last.
30/11/2015
22:46
jimbobjames2002: Here is the full transcript from Paul Scott: Redde (LON:REDD) Share price: 177p (up 8.4% today) No. shares: 302.2m Market cap: £534.9m (at the time of writing, I hold a short position in this share) News release - the company issued a statement last week, on Fri afternoon, in response to the Govt's Autumn Statement, which included action to be taken to rein in the compensation culture, in particular in relation to (often false) whiplash claims after car accidents. Shares in REDD fell in sympathy with other companies involved in personal injury claims. Although reading through REDD's statement on Friday, it seems that very little of their business is likely to be affected by the changes. Therefore it's looking increasingly likely that the sharp fall in share price last week might have been unjustified. This last sentence from REDD's announcement in particular, suggests that the group appears to have little exposure to problems in this area; Redde further notes that the activities of the Group which would be covered by legislation of the sort proposed by the Chancellor contribute less than 2.5% of the Group’s revenue. This set me thinking that 2.5% of group revenues isn't much, but what if it's a lot more profitable than the other group activities? So for this reason, I downloaded the accounts for every group company within REDD, from Companies House (which is now free) and had a quick look, to get a better feel for where the group's main activities and profits come from. In this case, the main activity seems to be replacement vehicles for accident victims, which has always been the case with this company, from when it was HelpHire, although for some reason I thought it had broadened out much more into other areas, such as whiplash. That doesn't seem to be the case particularly, so it looks like I made a mistake by opening a short position on this share late last week. It's not a big deal - you try out lots of ideas, and see what works. Some will, some won't. That said, I note that Aviva, the insurance giant, and also REDD's 3rd largest shareholder, reduced from over 14% to over 13% last week. So I'm intrigued as to why they were selling? Maybe the memo about REDD not being impacted much by the Govt's stance hasn't yet been read at Aviva HQ? So on balance, I decided that it was probably a mistake to be short of this share, so I covered half my position this morning, but will let the balance run, and see what happens. I'm not really supposed to write about my short positions here, but seeing as new information emerged on Friday, then I think it's important to mention it here today.
25/11/2015
22:38
woodcutter: I can't see the effect of the autumn statement having a significant impact on the business model. I don't see whiplash claims as a major part of their revenue when you consider the business scale. There may be further panic selling in the short term and the share price may drop but in the longer term the business should still maintain sustainable growth imv. This gives further opportunity to accumulate. The last results were released on the 3rd September at that time they'd declared adjusted eps of 8.4p and the share price was around 160p. After the AGM statement on 29th october which was very positive with further growth expectations the share price was around 180p. Current forecast eps for this year is just under 9p and I think this will be beaten. The only other potential downside is the deferred tax asset which will ultimatly disappear and they'll revert to a normal tax status. aimho woody
30/10/2015
17:58
activeservo: After enquiring about whether or not we can or should tip on these forums with no response I've decided to open a separate thread to stimulate discussion on alternative shares similar to REDD. REDD seems the perfect share. Heavily devalued in the recession, bouncing back after years of depression. Text book finances and chart to match. Now we're all strapped into REDD for the long haul, I think it's time attention was turned elsewhere to other fledgling "REDDs". LGT seems promising. Bring up the charts for both REDD and LGT and zoom out 6 years. Both were at rock bottom during 2011/12 and both started to recover in 2014 confirmed by the return of dividends. They are now seeing steady share price increases. The charts suggest they are P&D free giving confidence that the share price shows true value (most of the time!). Both are financially very similar, if an order of magnitude out, with solid futures ahead. What are your thoughts? Any recommendations?
14/5/2015
11:46
hawaly: Tipped again today by Simon Thompson in IC... Interestingly, during the recent pull back the share price found support yet again at its 50-day exponential moving average (EMA) at the 117p level. This is significant because since the run up in Redde’s shares started last September, a test of the 50-day EMA has marked the end of each pull back every time and a repeat buying opportunity. I strongly feel this is the case right now and that Redde’s shares are set to move through the 125p resistance level and give a swing buy signal too. My upgraded target price is 140p, so there is potentially a further 16 per cent share price gain on offer. If my new target price is achieved Redde’s shares would be rated on 16 times analyst's top of the range cash adjusted EPS of 7.9p for the financial year to end June 2015, after taking into consideration a cash pile of 13p a share, and would offer a dividend yield of 5.4 per cent based on the full-year dividend per share being raised by a third to 7.5p a share. That would represent fair value in my view. I am also willing to wager a small bet on analyst earnings upgrades emerging in the coming months if as seems highly likely the strong momentum in the business is maintained through the current fourth-quarter trading period. This prediction is not being made without foundation as volume growth remains strong, the fall in the oil price is driving higher vehicle mileage and with it potential for more accidents on the roads, and Redde is benefiting from a better working relationship with insurers.
Redde share price data is direct from the London Stock Exchange
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