Redde Northgate Share Discussion Threads

[pistonbroke1] 12/2/2018 16:27

Get ready for the 150 top up, or reload which ever it maybe.

[sphere25] 05/2/2018 19:23

Thanks Capricious.

Been trading this stock long enough to be able to see how it moves, but clearly the wider market has played a greater part this time.

I don't believe anyone can complain though as we have had a monumental bull run with hardly any correction whatsoever so we were long due one. Some of the froth and leverage will come off the market and present buying opportunities.

Despite the price movements, as long as REDD keep performing, short term price movements make no difference, fundamentals will trump emotion eventually.
I want to get back in cheaper for sure and I said 150 because that's usually near the bottom and provides enough of a (larger) yield to entice investors back in.

Just have to be patient as this tends to (as per most stocks in corrections) shoot further to the downside than you think.

Play the waiting game and see how we get on.

Good luck folks!

[capricious71] 05/2/2018 12:43

Good call, Sphere25.

[sphere25] 02/2/2018 15:23

Sold here.

That chart is rolling over and US market is looking very weak. Rather not be long the way this tumbles back down to 150.

Try and get back long around there.

[bc4] 30/1/2018 17:17

170p held again for the 3rd time on a real down day

[bc4] 30/1/2018 08:09

This looks like a proper drive down! L2 terrible

[bc4] 29/1/2018 16:55

Well we do not know that yet 170p still holding,results in 4 and half weeks

[capricious71] 29/1/2018 12:51

I was just following what it's done several times before.

[pistonbroke1] 26/1/2018 17:50

160 met up with 170 and had a little one, they called it 165

[bc4] 26/1/2018 16:43

Exactly what happened to 160p!

[donemyhomework2] 26/1/2018 11:07

How is it drifting down to 150p if its trading at 170p to 175p the last few weeks and hasnt breached 170p at the close?

[bc4] 25/1/2018 17:23

There will be a lot of people waiting for 150p whether it gets there this time I do not know

[capricious71] 25/1/2018 13:11

Seems to be drifting back down again to 150p or thereabouts. Another possible buying opportunity in time for the results in March, maybe.

[bc4] 23/1/2018 11:03

Piston I don't agree REDDE has very little debt and plenty of cash in the bank over 36 million
Net cash inflow from operating activities of GBP47.2m (2016: GBP42.1m)
-- Net operating cash inflow to EBITDA ratio of 91% (2016: 98%)
-- Debtor days further reduced to 91 days (2016:94 days)
-- Lease financing debt GBP46.0m funding expanded fleet size (2016: GBP39.8m)
-- Total cash balances of GBP36.3m (2016: GBP34.6m)
-- Net debt of GBP9.7m (2016: GBP5.2m)
-- Recommended final dividend for 2017 of 5.60p (2016: 5.15p) - increase of 8.7%
-- Total dividends for year of 10.60p (2016: 9.65p) - Increase of 9.8%

[pistonbroke1] 23/1/2018 09:48

The yield is very impressive with this company but that is also the problem. They aim to increase the divi each year but by doing so they fail to build up sufficient cash reserves. I would prefer they built up the cash then made more acquisitions.
The problem is though that if ever you cut the divi the share price generally takes a hit.

[ruethewhirl] 23/1/2018 08:38

This should be 180+ based on yield alone.

[bc4] 15/1/2018 17:34

Well every time it hits 150p ish it becomes more of a bargain due to rising profits and Divi

[bc4] 15/1/2018 14:53

Will 170p hold before results in 6 weeks time?

[bc4] 22/12/2017 12:14

Well it is very positive at the moment so finger crossed

[bc4] 21/12/2017 12:50

Looks like L2 has turned negative

[capricious71] 20/12/2017 17:19

I dare anyone to sell at 180. :)

[skinny] 20/12/2017 11:19

This share loves a trend line....

[minerve] 20/12/2017 10:15

Sphere25

Completely agree and very good point. Redde need to up their game on stock market announcements, they are not a 'cottage industry' anymore.