Redde Northgate Share Discussion Threads

[odsjp] 01/3/2017 11:48

Even if the divi does not grow anymore this year and ends up at 10p, that is still a 6% return at the current share price.

I see that Neil Woodfood (a fan of Redde in his other funds) will have a new "Income Focus" fund looking to deliver at least 5% income so it would not surprise me if Redde will be a constituent.

[silverfern] 01/3/2017 11:21

Seems after some topslicing, there is an appetite for the results.

[silverfern] 01/3/2017 08:02

thanks for the posts. Well the new stock options, which is what were sold last time will not vest unless there is a healthy underlying eps. I cut 33% off my holding when the markjet opened yesterday purely because it was top heavy (over 25k shares). IN regard to the announcement for the insurance market this week it was not the GOvernment, it was a judicial statement driven by pre-existing legislation, and the Ministry of Justice saying its hands were tied by that, but it would welcome early moves to bring a Bill to Parliament to enact different rules - in other words it recognised the changes were not helpful too.

[saint or sinner?] 01/3/2017 07:14

"The second half of the year has started well with volumes maintaining the rate of growth seen in the first half and the Group remains well positioned to continue its profitable development."

Happy to continue holding here.

0 ;-D

[woodcutter] 28/2/2017 17:12

silver I've been a holder for quite some time and was heavily invested by my standards. My initial reaction to the results was favourable as i posted. I then began to consider the evaluation and earnings verses dividends and cover etc. Finally the government news this week on claims made me uncomfortable, if the insurers are under cost and profit pressure maybe there'll be more pressure on REDD margins who knows.

I still think there's growth but at what margin and given the rating i began to see it more of an income stock in which case it began to look a little stretched.

As soon as the day went red i sold my entire holding in tranches.

i was a little lucky i guess as it was well timed.

I like the company and i think it has great management and hopefully i'll look again at some point in the future but the chart is pretty negative now imo so i'll watch from the sidelines

woody

[napoleon 14th] 28/2/2017 17:02

Boring profit-taking market as well.

[tday] 28/2/2017 16:36

Also some months ago, two directors sold a significant number of shares. That failed to impress me.

[toyin] 28/2/2017 15:49

TDay

I agree, I love this share but diluted eps is 4.5p and paying a div of 5p cannot continue. Still in but unloaded some today.

All the best

[tday] 28/2/2017 15:41

For the time being, the share price seems to me to be overpriced, given today's results and prospects. I could be wrong but, I have banked a half decent profit.

[prokartace] 28/2/2017 15:29

based on what Tday?

[tday] 28/2/2017 15:12

Sold two thirds of my holding this morning.

[capricious71] 28/2/2017 14:35

3.5% drop - tree shake? Or is that too optimistic?

[prokartace] 28/2/2017 14:14

Was about to buy this weakness then I looked at the chart. I am now nervous that we may trade sub 150p.Sorry I am not responsible for investor behaviour but I will only buy more around 140p now

[silverfern] 28/2/2017 13:04

woodcutter, you must factor no growth at all in your considerations. Note the message that they are looking to acquire. A business this strong with a history of acquisitions will not merely consolidate what they have.

[capricious71] 28/2/2017 11:35

I think the best shares are the ones you can imagine keeping for a long time. I hope to keep Redde for many years, reinvesting those dividends.

[bc4] 28/2/2017 11:05

Well just done the opposite nothing has changed here 10.5p divi looks on the cards for full year so topped up

[woodcutter] 28/2/2017 10:56

being doing some further analysis and decided on the basis of the drop in the last half hour to sell down, mainly on the rating and the eps growth, also a little uncommfortable about the overall sector outcomes with news this week.

woody

[bc4] 28/2/2017 10:54

Yes but where can you get 7% plus?, nowhere

[prokartace] 28/2/2017 10:51

Agreed Woodcutter. Rating is a little stretched and share price is helped by divi. If interest rates rise share price may lose up to 15% as investors will go to a safer haven for their income.
A SOLID HOLD

[woodcutter] 28/2/2017 09:45

It's a little concern that the gross margins are falling, notwithstanding on the plus side the revenue is growing at a faster rate than the adjusted admin expenses. will be interesting to see what, if any, impact this weeks insurance sector news has on margins going forward.

hopefully we'll see the COS come down when all the system upgrades are fully implemented and working

The impportant points are they have reduced debtor days and are generating plenty of cash. Reteined earnings remain steady as well. They're giving quite a lot back to us shareholders so can't complain.

i would expect consolidation around the current share price in the short term, possibly a rise into the divi xd and then a pull back.

woody

[prokartace] 28/2/2017 07:58

Steady as she goes. No surprises so I dont expect a large initial movement but over the next week the share should rise

[bc4] 28/2/2017 07:43

Very impressive typical REDDE when many companies divis are reducing or under threat Redde is storming ahead, growth and high yield does not get any better

[retailronnie] 28/2/2017 07:36

Looking great to me.

[jam2day] 28/2/2017 07:28

Very positive Interims should see a steady rise back to £2.00+