Redde Northgate Share Discussion Threads

[bc4] 19/7/2019 14:46

Well it has gone very quiet from TOM and his cronies !

[skinny] 19/7/2019 12:26

free stock charts from uk.advfn.com

[rogthepodge] 19/7/2019 12:24

maybe that cup and handle chart pattern is playing out?

[rogthepodge] 19/7/2019 12:23

this so wants to bust that 120 resistance!

[bc4] 16/7/2019 17:54

Redde Plc Trading Statement

03/07/2019 7:00am

Issue Date: 3 July 2019

Redde plc ('Redde', 'Group' or 'Company')

Pre Close Statement

Current Trading

Trading in the second half of the year ending 30 June 2019 has been in line
with the Board??s expectations for both revenue and adjusted
operating profits.

The Board expects to announce the results for the year ended 30 June 2019 in
the early part of September 2019.

Contracts update

On 8 March 2019 the Group announced that the Company was not successful in
securing the renewal of a hire and repair contract with a large insurer.

The original contract was due to expire at the end of July 2019. However since
making the original announcement discussions have continued with the insurer
concerned in respect of an orderly run off of the services provided. Agreement
has now been reached for the continuation of the higher margin non-fault hire
and non-fault repair services through to November 2019. The lower margin work
will cease on 31 July 2019. As a result of this extension the previously
announced impact on the numbers will be further mitigated and the positive
effect on working capital is now expected to gain traction later in the
financial year 2020 to accommodate this extension.

In addition, since the 8 March announcement there have been a number of new
contract wins in other parts of the Group as well as a contract renewal with a
major insurer which have contributed to the Board's confidence in its
expectations for financial year 2020.

Working Capital

The high demand for the Group's services continues and the Group is investing
in the appropriate working capital to support this demand including investment
in fleet acquisitions, new IT digitisation projects and infrastructure.

Cash balances at 30 June 2019 were approximately GBP11.9m (31 December 2018 - GBP
11.6m). Net debt (including the above cash balances) was approximately GBP34.7m
at 30 June 2019 compared to GBP41.2m at 31 December 2018.

Protocols

The Group is also pleased to report that a large insurer which had previously
participated in a protocol agreement, which the Group terminated, has now
agreed to take up a protocol agreement again after the Group was able to prove
out to the insurer the alternative costs of not being in a protocol. The Group
is pleased that the benefits delivered via protocol agreements are valued by
insurers who recognise the lower costs of settling claims under these
agreements.
In my eyes it could not have been any better the Woodford effect has created a great opp here!

[bc4] 16/7/2019 17:53

That trading update was all I needed to set my mind at rest REEDE is still growing so in 12 months if they recover the lost business with a rebased divi of say 8p or more good times ahead

[rogthepodge] 16/7/2019 16:32

let's have another go at 120p!

[bc4] 16/7/2019 08:30

Jam2 remember value always comes out in the end and it will here

[rogthepodge] 12/7/2019 18:50

massive yield!

[jam2day] 12/7/2019 18:41

Agree about the trading statement And have no intention of reducing my holdings undervalued imo but will take some time to regain true valueWithout further positive news

[bc4] 12/7/2019 18:17

Well you can see that from the trading patterns at the moment but that trading statement was very reassuring REDDEs still growing the business abate with one lost contract

[jam2day] 12/7/2019 17:53

I am no fan of chart predictions You can imagine what you like for me it's all about News and sentiment of which the latter is not that positive at present

[bc4] 12/7/2019 17:38

Jam what does it mean?

[jam2day] 12/7/2019 16:43

or a
Inverted Head and Shoulders Trading Pattern
Picture
Definition:
Also called a higher swing low trend reversal, an Inverted Head and Shoulders pattern is formed when price action within a downtrend traces a higher swing/pivot low than the previous one.

Background:
The Inverted Head and Shoulders pattern can be formed because the sentiment that was formerly producing the downtrend is now possibly shifting and selling pressure is decreasing.

Inverted Head and Shoulders patterns can be stronger when the price breaks above the "neckline", which is a trendline connecting the swing/pivot highs that created the inverse shoulders.

Practical Use:
Traders will often seek out opportunities to buy when confirmation in the form of a "neck-line break" occurs. A neck-line break for an Inverted Head and Shoulders pattern is the failure of a resistance area drawn from the two previous swing highs on the chart.

[rogthepodge] 12/7/2019 13:13

classic cup and handle chart pattern? Breakout imminent?

[ltcm1] 10/7/2019 22:14

113 - a most unlucky resting place.

I foretell DOOM for this share, REDD investors are DOOMED I tell you!!!

[ltcm1] 09/7/2019 21:37

You heard it here first!

When though rog???

[ltcm1] 09/7/2019 16:45

180 to 90, recovered to 120, retested lows, weaker recovery which is now petering out.

Fair comment???

[rogthepodge] 09/7/2019 16:05

don't feed the troll guys

[ltcm1] 09/7/2019 15:48

Good post Skinny! I have been trying to hammer home the point for a while now, clearly the problem is with the nails, they must be defective.

More Redd ink today just backs it up.

[ltcm1] 08/7/2019 17:21

Redd alert!!!

We've got a falling price here today, time to man the lifeboats???!!!

[bc4] 08/7/2019 12:41

Resulting 5.23% 0.00% 5.23% 306,706,045
situation on the
date on which
threshold was
crossed or reached
Details of person subject to the notification obligationiv

Name Société; Générale SA (SG SA)

City and country of registered office (if Puteaux, France