Redde Northgate Share Discussion Threads

[skinny] 26/10/2018 13:09

Before the 4th - XD date.

[capricious71] 26/10/2018 13:00

Presumably if you sell ALL the REDD shares you have, as long as you bought them before October 5th, you'd still get the dividend?

With this market, I'm thinking of going back in at a lower level but want to be sure I get the dividend.

[knigel] 24/10/2018 07:51

Lovely continuing the recovery. Hopefully a floor on the share price now but seems to depend on the markets in general ATM

[skinny] 24/10/2018 07:07

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 23 October 2018. Unless otherwise stated, the financial and operational data, where identified, relates to the 3 month period that ended on 30 September 2018.

Dividends

Shareholders are being asked today to approve a final dividend of 6.15 pence per share, amounting to £18.8m which, if approved, will be paid on Thursday 8 November 2018 to those shareholders who were on the register at the close of business on Friday 5 October 2018. This dividend, if approved, will result in total Ordinary Dividends in respect of the year ended 30 June 2018 amounting to 11.65 pence per share totalling £35.5m in aggregate and will result in the payment of our fourteenth consecutive dividend since June 2013. Payments since that date will amount to £140.4m representing 49.65p per share.

Current Trading

The positive start to the new financial year, which I described in my statement of 5 September 2018, has continued since that date. Sales show an increase over the corresponding period last year reflecting 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 continues to regard the outlook for the financial year as positive.

[bc4] 24/10/2018 07:07

Update
Current Trading

The positive start to the new financial year, which I described in my statement
of 5 September 2018, has continued since that date. Sales show an increase over
the corresponding period last year reflecting 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 continues to regard the outlook for the financial year as positive.

[bc4] 11/10/2018 09:12

Unfortunately it will not help In this market

[bc4] 10/10/2018 10:26

Yes great find here it is
Redde

Like Inland Homes, my other hot dividend selection for this piece, Redde, can also be found on London’s Alternative Investment Market (or AIM as it’s more commonly known). It’s also massively underappreciated by the market, as illustrated by its meagre prospective P/E multiple of 13.4 times.

Where it leaves the homebuilder for dead, though, is when we get to talking about dividends. Sure, earnings growth is expected to slow to a crawl in the year to June 2019, to 3%. This is still anticipated to provide a solid-enough base for dividends to keep growing, however -- a 12.5p per share dividend is expected, up from 11.65p last year. And this results in a monster 6.9% yield.

The business, which provides a range of services related to motor insurance claims -- including the supply of legal assistance and courtesy cars -- continues to enjoy booming client demand, and group turnover leapt 12% in fiscal 2018 to £527 million. This in turn drove adjusted profit before tax to £46 million, up 15%.
And Redde is investing heavily to meet its bulging levels of custom. In the last year alone it upgraded its IT systems and built a customer contact centre in West Yorkshire, England to allow it to continue growing, and I certainly wouldn’t bet against it continuing to thrive in the years ahead.

[johnsoho] 10/10/2018 08:49

The following, in my opinion, is WELL worth a read.

[bc4] 08/10/2018 17:27

Well this is one of the best companies on the stock market, I have had over 25p in divis tell the toffeman ,sorry should have read 49.6p since 2013 I did not realise how much they had paid out!

[fizzypop] 08/10/2018 16:10

Remarkably resilient considering the general sell off elsewhere.

[dodddy] 08/10/2018 10:48

not convinced so staying long this time

[skinny] 05/10/2018 12:52

Because you'd have missed yesterday's dividend! :-)

But I know what you mean - as predictable as the tides (well nearly).

[toffeeman] 05/10/2018 09:03

Oh why didn't I short at 194!

[pistonbroke1] 04/10/2018 18:21

Oops double post!

[pistonbroke1] 04/10/2018 18:17

Yep if you get the timing right with this one it's a traders delight. I'm looking to re enter around the 164 mark as i don't think it will go much lower than that this time.

[capricious71] 04/10/2018 17:39

Heading back to 160p again, maybe. Wonderful trading share.

[owenski] 28/9/2018 10:40

Post 3131, indeed.

A thing to contemplate, current yield is 6%.

If one buys today or before the 23rd October, then holding REDD for approx 13 months gives an effective yield of 9% for that holding, just for that year + 1 month. Kinda like an attractive initial bonus.

Not including any further interim and final increases.

[bc4] 28/9/2018 10:07

Ex divi next Thursday

[toffeeman] 25/9/2018 17:20

So close below key level.

First test?

[toffeeman] 24/9/2018 19:44

So that's the first close above 195 - expect it to be tested before breakout confirmed

[skinny] 24/9/2018 09:48

Toying with £2.