Redde Northgate Share Discussion Threads

[silverfern] 01/11/2017 08:55

I bought more yesterday. Over done and the upcycle will kick in next week

[capricious71] 30/10/2017 21:38

I might buy some tomorrow. Can see it languishing, as it does, for a few weeks yet, then back up to 180 or thereabouts.

Like someone put in a previous message, it's a dream share for a trader.

[silverfern] 30/10/2017 15:58

IT wil be THursday when holders reinvest the dividend . THat will start the climb back for the share price

[bc4] 27/10/2017 10:58

Pay day next Thursday Dividends

Shareholders are being asked today to approve a final dividend of 5.60 pence per share, amounting to £17.0m which, if approved, will be paid on Thursday 2 November 2017 to those shareholders who were on the register at the close of business on Friday 6 October 2017. This dividend, if approved, will result in total Ordinary Dividends in respect of the year ended 30 June 2017 amounting to 10.60 pence per share totalling £32.2m in aggregate and will result in the payment of our twelfth consecutive dividend since June 2013. Payments since that date will amount to £105m representing 38p per share.

[capricious71] 27/10/2017 09:23

Reinvested dividends is why I like this share.

[bc4] 26/10/2017 18:06

Well if the price averages out over the year at 170p and we get 10.6p per year, that is not a bad income for anybody, 38p paid out since 2014, most companies are cutting the dividend, REDDE is increasing theirs with confidence

[rogthepodge] 26/10/2017 17:08

but management's latest share options indicate confidence in rapidly growing earnings

so maybe this is still a growth share, and we could blast through the 180p sound barrier?

[rogthepodge] 26/10/2017 17:06

good move bc4

what's the 'yield' if you combine it with trading the 150 to 180 channel successfully?

45% plus? assuming a six monthly cycle

[minerve] 26/10/2017 16:23

I've bought for income but I see your point.

[fozzie] 26/10/2017 16:21

The divi is good but there is no capital growth for ltbh. Next time it's 175+ I am out, pretty much the same with CNKS, great divi but no capital growth. This is not the time for an income portfolio.

[bc4] 26/10/2017 16:17

Yes just got some at 151p

[minerve] 26/10/2017 16:11

Took a bite at just over 150p.

[capricious71] 26/10/2017 15:27

"The best thing to do with this share is buy in the low 150,s and sell around 180. Last 2 years you could have done this half a dozen times making 20% each time plus get the divi payout."

Another one of those buying opportunities on its way.

[bc4] 26/10/2017 15:27

Yes the better the update the more it gets hammered the bots are in full control

[rogthepodge] 26/10/2017 12:06

I'll get some more at 150p!

[fozzie] 26/10/2017 09:11

150 comes into view yet again

[donemyhomework2] 26/10/2017 09:09

Very true!!!

[pistonbroke1] 26/10/2017 08:28

The best thing to do with this share is buy in the low 150,s and sell around 180. Last 2 years you could have done this half a dozen times making 20% each time plus get the divi payout.

[bc4] 25/10/2017 07:36

Yes profits still growing which means the same for the Divi with the yield already over 6% at current prices

[skinny] 25/10/2017 07:11

At today’s AGM, Avril Palmer-Baunack, chairman of Redde plc will be making the following statement regarding dividends and by way of an update on current trading of the business in respect of the period from 1 July to 24 October 2017. Unless otherwise stated, the financial and operational data, where identified, relates to the 3 month period that ended on 30 September 2017.

Dividends

Shareholders are being asked today to approve a final dividend of 5.60 pence per share, amounting to £17.0m which, if approved, will be paid on Thursday 2 November 2017 to those shareholders who were on the register at the close of business on Friday 6 October 2017. This dividend, if approved, will result in total Ordinary Dividends in respect of the year ended 30 June 2017 amounting to 10.60 pence per share totalling £32.2m in aggregate and will result in the payment of our twelfth consecutive dividend since June 2013. Payments since that date will amount to £105m representing 38p per share.

Current Trading

The positive start to the new financial year, which I described in my statement of 6 September 2017, has continued since that date. Sales show an increase over the corresponding period last year reflecting continued growth in trading volumes and, as a consequence, trading profits are ahead of the corresponding period last year. Early indications are that this trend has continued during October and the Board remains confident about the Group’s prospects for the financial year as a whole.

[bc4] 24/10/2017 16:59

AGM trading update tomorrow

[anthonyspencer1] 12/10/2017 16:03

Glad I sold this morning ducked one there

[rogthepodge] 12/10/2017 15:54

I will keep buying at 150

[rabito79] 12/10/2017 15:39

Surely a no brainer if this goes back to 150 area?

[fozzie] 12/10/2017 11:37

Three goes at 180 and just can't do it. If it follows its pattern we are looking at 150 in fairly short order before another rise to test that ceiling again. Very frustrating on the capital front but the divi provides some comfort.