Redde Northgate Share Discussion Threads

[minerve 2] 14/3/2019 09:06

No

:)

[skinny] 14/3/2019 08:33

Not a good week to have been away!!

Has the insurer been named?

[rogthepodge] 14/3/2019 00:53

REDD handles motor claims and provides hire and repair services on behalf of insurers, in partnership and cooperation. It had cash flow issues in the bad old days, because the insurers and credit hirers were in a constant state of war. The insurers all got together, and agreed to settle with nobody, no matter how valid the claim.
The insurance industry got away with this somehow! But now REDD and the insurance industry need each other equally. Auxillis provides the courtesy or credit hire cars, depending on whether it is a fault or non-fault accident.It does the claims management, saving the insurance company administrative costs (and the insurance industry has never been very efficient) Try phoning one to chase your claim!
At current share price, and with Invesco and Woodford owning 56% of the shares between them, don't rule out a bid from a large insurance company.

[useless23] 13/3/2019 17:41

Toyin, I know all about credit hire case law because I defend motor insurance claims for a living! PI, credit hire, vehicle damage, the lot. I will give credit where it's due though and can say Auxillis isn't perceived as a 'bad guy' by insurers unlike another aim listed company (fairly new) I know of which I cannot name.

[napoleon 14th] 13/3/2019 17:00

Now on 10, 50 and 200 day EMA.
Looks cheap to me...

[owenski] 13/3/2019 16:24

Invesco picking up a few more.

[rogthepodge] 13/3/2019 16:22

Invesco has topped up now!

[rogthepodge] 13/3/2019 15:04

One tosspot pretending to be many tosspots. Sorry board. I'll let the shares do the talking!

[capricious71] 13/3/2019 14:42

Who are these interlopers? Go back to your own thread.

[ltcm1] 13/3/2019 14:02

Roger that is untrue because when Purp was at 500 ie a £1BN valuation, you were claiming Purp would become as big as Rightmove (£4BN valuation). You said Purp was a portal and would become a company with a similar valuation. So you were advocating Purp as a buy at 500p.

If you look again at my post above I am not suggesting you are wrong here so I am not having a pop at REDD.

However, since you say Woodford has increased, I do not see that as a good sign because a number of companies Woodford has increased his holding in have not performed well in the period following his increase.

[capricious71] 13/3/2019 13:50

It's a bit reminiscent of Quindell, if anyone remembers them? Except Redde is a company with real profits.

[rogthepodge] 13/3/2019 13:33

sorry board, my troll follows me everywhere

[ltcm1] 13/3/2019 13:22

Not saying he is wrong here but it should be noted the above poster was advocating buying Purp shares at 500p (now 140 or thereabouts).

[rogthepodge] 13/3/2019 11:42

Storm in a teacup. It has let one low margin contract go. It has done this before. No point tendering so low that it's not viable.

[sunnybeachboy] 13/3/2019 10:23

Hit its head on £1 back to 90p ?

[sunnybeachboy] 13/3/2019 09:25

Bid 96.1 moving up

[minerve 2] 13/3/2019 09:10

I was going to wait until the next update. I could have made a mistake. We will see.

[minerve 2] 13/3/2019 09:10

Bought another tranche.

[catsick] 13/3/2019 08:53

Looks like we have seen the bottom unless this is the dead cat bounce

[sunnybeachboy] 13/3/2019 08:50

Taken some ride back to 120.....