Redde Northgate Share Discussion Threads

[capricious71] 17/8/2017 12:34

Doing well again today.

[capricious71] 17/8/2017 09:11

DD - I'm sure the next dividend will also help.

[duncan doughnut] 16/8/2017 18:58

The action in recent days has at least taken some of the gloom from me buying these back on the high in May.

[bc4] 16/8/2017 18:04

To be honest SPHERE25 has got it spot on algos are dictating the share price and have been for months

[bc4] 16/8/2017 16:34

You could say the same about the drop

[capricious71] 16/8/2017 16:17

Does anyone know why there was a rise today? Volume is greater than average but cannot see anything out of the ordinary.

[sphere25] 16/8/2017 15:27

Up at 156 now and looking strong! Laavly Jaably!

And not so long ago, things were looking rather glum.

See how fickle the market is.

Sphere25
11 Aug '17 - 17:19 - 2825 of 2831 0 0 Edit

.....

.....

In terms of REDD, the book was as strong as I have seen it in a while. Large icebergs hitting the book and recovered a fall from 136 to close at 145. Missed the bottom at 136 and added at 140. Abit of volume on Monday and we could see an oversold bounce.

Market is a fickle beast, the algos will switch and go other way on a turn of a coin. Have to buy when it feels the most uncomfortable, like this morning. With how out of favour this stock is, only need a half decent report now and the stock will rally.

[bc4] 16/8/2017 10:23

Well there has certainly been a bounce from last weeks sudden drop

[bc4] 14/8/2017 08:58

First week in Sept probably on the 6/7

[fizzypop] 14/8/2017 08:04

WheelieDealer comments:

ShareScope says REDD might have Results on Friday 15th September but it is marked as ‘unconfirmed’.

hxxp://wheeliedealer.weebly.com/blog/tell-it-to-the-judge-weekend-chart-squinting

[bc4] 11/8/2017 17:59

REDDE divi cover will always be 1x because it pays all profits out in divis it can do this because it has net debt of only 13 million pounds ie fleet debt of 47 mil and 33 mil cash and no bank borrowings which for a company of this size is unbelievable so if REDDE just maintains its divi at 5.15p it will yielding over 7% not bad really,I ask can you get better?

[immokalee] 11/8/2017 17:43

Yep, one persons opinion but the conclusion is from the data. I have no time to try calling the market one way or another, it's a waste of time, if it happens it happens, my job is to make sure I'm best placed as I can be in relation to my risk and timescale.

[toyin] 11/8/2017 17:23

immokalee

Yes, but it is of little value to me, it is one persons view. The data is the important bit.

All the best.

[immokalee] 11/8/2017 17:15

Interesting reading, I presume you read the conclusion.

[toyin] 11/8/2017 16:32

immokalee

Read this for starters.

All the best

[immokalee] 11/8/2017 16:23

It's a fact for sure no-one has a crystal ball. Not sure I agree we are long overdue bull market, don't have that insight and don't know anyone that does. We are just over 8 year into this one with an overall avg of around 9 years.. anything from 2yrs to over 15 yrs. Possibly this US/Korea fiasco will bring about a correction.. who knows. I have revisited REDD forecasts and will have to wait on results as there is nothing to show any nasties at this stage.

[toyin] 11/8/2017 15:44

immokalee

I take it from broker forecasts and results and interims. Like you said I could be right I could be wrong. I just see limited upside compared to downside and since the 29/6 its gone from 163 to 144. I also agree with capricious71, the overall market is going to get messy.

All the best

[capricious71] 11/8/2017 12:23

Most of the world markets are down right now not just Redde.
We're long overdue a bear market anyway.

[odsjp] 11/8/2017 11:12

From the Money obvserver
[...]

Motoring ahead - Redde

When your car breaks down or you're involved in an accident, a few things are crucial in rectifying your situation: you need to get the car fixed and pay any legal or medical expenses that may need covering. You also need a replacement car for the interim. Redde (REDD) assists the insurers with some of these jobs - running fleets of courtesy cars and operating repair garages.

The business - around £450 million in size - is proving to be a success: increasing market share, which in turn is resulting in strong earnings growth and dividend growth. Currently it's yielding 6.6%.

[immokalee] 11/8/2017 10:20

What is your forward looking data source or you are taking it from your interpretation of the language in the last RNS, which could be 'correct or incorrect' (your own words) ?

[fizzypop] 11/8/2017 10:17

toyin is correct. EPS=divi.

[toyin] 11/8/2017 09:46

immokalee

Read my post again. The growth is slowing by 2018 there will not be enough free cash to pay the divy so its either cut the divy or pay with debt. Like I said in an earlier post the language in the last update changed that's when I got out. Good luck to holders but I just don't see it. If it changes I will be back in because it is a well run company.

All the best

[immokalee] 11/8/2017 09:36

toyin, what are you talking about?

[pistonbroke1] 11/8/2017 09:34

Well its oversold now so I expect some kind of bounce from here even if only temporary.