Redde Northgate Share Discussion Threads

[fizzypop] 26/9/2016 19:33

I think pb1 is right to take profits and consider reentry on a fallback. Too many on here have grown attached to this share as it has rewarded them handsomely, but the share does not know who owns it. Emotional attachment is dangerous. To sacrifice significant capital gain for material divis is the share holder's choice ( My divis are returning 13.2% and many have much higher who bought earlier than me).

Looking at the one year chart indicates that the rise from 140p is running out of steam as the curve starts to flatten. The share price is sitting bang in the middle of the Bollinger band at 200p. It seems to me that a binary choice is presenting itself - either we have the possibilty of a double peak and subsequent fall OR there is a significant upside breakout. The initial peak was about 210p in Jan 2016. My view is the fall will be confirmed if we break 190p (the bottom of the Bollinger band) OR 210p (the top etc.) will initiate the breakout. I believe the outcome should be clear before we go ex-divi on 6 Oct.

I have a significant holding showing a gain of 184%.

With a P/E of over 20 this is looking fully rated and according to IC the divi is thinly covered.

But this is just my opinion so DYOR.

[napoleon 14th] 24/9/2016 14:47

On the basis that I've had my cash back when I sold 1/4 of them,
plus my cash back in dividends, I can't be fished to "play" the share.
Siuts my part-lazy disposition! I just watch the profits year on year.

GLA.

[capricious71] 24/9/2016 08:25

It's definitely too high at the moment but I'm not going to guess when to buy or sell. I'm just going to hold this share indefinitely. I've already had 25% of my investment back in dividends.

If I may suggest, John Laing (JLG) looks good at the moment as well. Solid company paying a dividend. Another buy and hold but with a low P/E.

[silverfern] 24/9/2016 08:06

try a prospective p/e on a company that is growing at the rate it is

[rogthepodge] 23/9/2016 11:58

probably pausing for breath. It rose a long way very quickly!

[pistonbroke1] 23/9/2016 11:12

I agree its been a fantastic share to own and I,ve done well from it. i think that we will see a reasonable pull back once the divi is paid and in the past the price often drops by more than the div due before its paid. On that basis i have now sold with a view to buy back in after next pull back. The future is defo good for this share but I am hoping to make a bit extra with this trade, maybe wrong but pull backs are healthy.

[napoleon 14th] 23/9/2016 10:09

piston - the momentum behind the results make it still attractive;
I got mine at 25p & still can't bring myself to sell my free carry...
which is 75% of the starting stake!

Nice fat divi too.

[pistonbroke1] 23/9/2016 09:17

Hardly cheap with a P/E ratio of 23

[silverfern] 23/9/2016 07:30

GIven the statement on full yr that the current year (July and August) were ahead of last yr and ahead of the Board's expectations, I still see these as cheap.

[trickyricky] 22/9/2016 14:27

I think you might have!

[bruceylegs] 22/9/2016 09:18

£2 appears to be support now (hope I don't jinx it).

[bc4] 21/9/2016 18:04

Ex divi day 2 weeks tomoz

[skinny] 14/9/2016 12:03

Notice of AGM and Annual Report and Accounts

Redde’s annual general meeting will take place at 10.00 a.m. on Wednesday 26 October 2016 at the offices of Berwin Leighton Paisner LLP, Adelaide House, London Bridge, London, EC4R 9HA.

Copies of the Annual Report and Accounts for the year ended 30 June 2016, the notice of the annual general meeting and the proxy card have today been posted to shareholders.

[trickyricky] 14/9/2016 09:26

£2 proving to be resistance level. I top sliced a little. Will add on dips

[dodddy] 12/9/2016 20:55

>bill-e thanks

[bill-e] 12/9/2016 08:14

This is the IC article:


How Redde is diversifying its income stream


Diversification continued to be at the forefront of Redde'

s (REDD) strategy in the year to June, as it aims to reduce its reliance on traditional sources of insurance market revenue. The acquisition of claims management specialist FMG not only added £61m in revenue, but also expanded the accident services provider's range of services. This included new contracts managing fault repairs on insurer's behalf.

With an increasing number of cars on the road it is no wonder Redde's core hire and repair business continued to grow at pace. Excluding FMG, repairs were up almost three-quarters, while higher-margin credit hires grew by 14 per cent. Management has increased focus on credit hires, where Redde provides the victim of a road accident with a replacement vehicle and repairs, recouping the bill from the guilty party's insurer. This helped push up overall like-for-like sales by more than a quarter.

Personal injury legal services provider NewLaw continued to pursue partnerships with insurers and trade associations via Alternative Business Structures, which allow non-lawyers to invest in legal firms. The most recent partnership with the Royal College of Nursing commenced in April.

Analysts at house broker N+1 Singer expect adjusted pre-tax profits of £37.2m for the 12 months ending June 2017, giving EPS of 9.9p (from £34.7m and 9.3p in 2016).






REDDE (REDD)


ORD PRICE: 205.25p MARKET VALUE: £602m
TOUCH: 203-205.25p 12-MONTH HIGH: 215p LOW: 137p
DIVIDEND YIELD: 4.7% PE RATIO: 24

NET ASSET VALUE: 55p* NET DEBT: 3%





Year to 30 June

Turnover (£m)

Pre-tax profit (£m)

Earnings per share (p)

Dividend per share (p)


2012 224 -6.3 -1.8 nil
2013 205 32.4 55.6 1.65
2014 197 10.5 6.8 6.85
2015 249 24.3 9.0 8.25
2016 379 31.3 8.7 9.65
% change +52 +29 -3 +17


Ex-div: 6 Oct

Payment: 3 Nov

*Includes intangible assets of £107m, or 37p a share




IC VIEW:

The shares are trading at 21 times forward earnings, enjoying a particularly strong rally since July. The market backdrop works in Redde's favour and there is a good dividend yield on offer, although earnings coverage is thin. We reduce to hold.

Last IC view: Buy, 192p, 29 Feb 2016

[dodddy] 11/9/2016 20:20

you need to log in to read it, can anyone pls cut and paste the article ?

[trickyricky] 08/9/2016 14:48

The £2 level appears to be holding up well, hopefully will prove to be a solid area of support

[capricious71] 06/9/2016 13:52

Auxillis, eh? They're keeping the latin theme.

[jeff h] 05/9/2016 22:10

A bit of company news:-

[napoleon 14th] 03/9/2016 18:34

Thanks, skinny.
I suspended my "blue" in advfn two years ago for the same reasons that CR left altogether. They still laconically ask me to renew.....

[skinny] 03/9/2016 12:30

napoleon - it doesn't matter what version of windows you are on.

If you copy the image (chart) address and then post it as follows replacing the'.....' with the copied address, it should work - albeit AFN don't allow (anymore) BIGCHARTS to be posted directly - I save the chart image to my PC, upload it to a free host - in my case IMGUR.COM and then post as outlined.



<img src="......." />



My posting of your charts look like this :-

<img src="http://i.imgur.com/69euKh3.gif" />



and

<img src="http://i.imgur.com/ZU3FpcM.gif" />

[rogthepodge] 02/9/2016 22:22

4 or 5 years ago the shares were stuck at about 0.7p for ages and ages. 7p adjusted for consolidation? 7p to 205p in 5 years, not too shabby!

[knigel] 02/9/2016 20:43

Has he been moaning since the share price was 1p (pre consolidation)? What 4-5 years ago now :-)