Redde Northgate Share Discussion Threads

[knigel] 08/3/2019 15:44

Well up from 90p low

[owenski] 08/3/2019 15:13

Future divs wont be 'frozen' they'll be cut, I'll wager this'll be going lower over short term.

[insideryou] 08/3/2019 15:11

He was out long ago and again without pain. It will be interesting to see what he does with kc3. It must have triggered his sell price.

[insideryou] 08/3/2019 15:08

He doesnt make many mistakes although he doesn't always follow his strict trading rules on shares that never issue any real bad news. Go figure.

[elcapital2018] 08/3/2019 15:02

where is numb nuts?

[knigel] 08/3/2019 14:10

Sold most here but kept a few. Always felt company was in a sector with a cycle. Bottom of last cycle was 2011 when acquiring shares at 1p pre consolidation and top of cycle was probably last summer. In hindsight.
Seems like a few got wind of this news a few days ago - access to market sensitive info?
Drop is right - but the future now depends on whether this contract loss is an one off or the start of a number of losses. Dividend probably safe for now but forget about more special dividends imo.

[riverman77] 08/3/2019 14:08

Consistently falling margins showed their pricing power perhaps not that strong. Not too surprised by this development.

[capricious71] 08/3/2019 14:06

"If Woodford decides to double up, this could recover dramatically. Wonder if he will double or quit."

He should quit.

[hawaly] 08/3/2019 14:04

Naked Trader sold his Redde @ 170 on 27/2/19

[napoleon 14th] 08/3/2019 13:54

Quite right, smithless.
CMC wouldn't do me a CFD call as "company is too small".
I'm told IG do them but no A/C there.
Settled for 2000 shares @ 105p as a pure punt.
Hope it emulates when I originally had these & they 5 bagged.....
Looking for a nice short term profit.

[smithless] 08/3/2019 13:48

mdchand - woodford unable to buy many more unless he gets a white wash from the LSE. If he goes over 30% he would have to make a bid at an average price for the last 6mths.

[porsche1945] 08/3/2019 13:43

...yeah cos he always does really well on his doubling down doesnt he🤪

[mdchand] 08/3/2019 13:35

If Woodford decides to double up, this could recover dramatically. Wonder if he will double or quit.

[pistonbroke1] 08/3/2019 13:30

I should think a few stops were hit today.

[smithless] 08/3/2019 13:30

with net margins of 4% of the business lost, its perhaps for the best. The business most probably went for tender and someone was willing to do it for less. Hopefully can use the capacity to pick up some better margin biz in the near future.

[porsche1945] 08/3/2019 13:20

Woodford’ 4th largest holding in income focus, omg how much clients money has he done on this

[pistonbroke1] 08/3/2019 13:19

The worry is why did it lose the contract, were they simply outbid or has their service become less than acceptable.
Took a hit on another of my stocks today so counting myself lucky not to be in this at the mo and taking a double Rogering.

[porsche1945] 08/3/2019 13:10

2011 last time it wiped out, not so long ago.

[duncan donut] 08/3/2019 13:06

Timber!!!!!

Back to the 60's when the dust settles. NAV is only 52p

[porsche1945] 08/3/2019 13:01

Another Woodford winner, he owns what, 30 pc of this cxxp? Ftse 350 and aim almost now uninvestable. Massive brexit meltdown en route. The big buy yesterday was probably Woodford. Im sure most of you know this company has already wiped out its shareholders once before, about 08/10 i think.

[mdchand] 08/3/2019 12:58

Losing a 'one-off' contract doesn't signify a failing business with deep underlying issues. For all we know, it could have been loss leading business anyway.

[capricious71] 08/3/2019 12:58

Value of company has almost halved in just a few days. A total overreaction.

[capricious71] 08/3/2019 12:57

I think I've learned the secret of becoming wealthier. Avoid anything that Woodford buys...