Redde Northgate Share Discussion Threads

[sphere25] 13/9/2019 16:55

I suspect the majority of Woodford stock has been placed. That 50m volume day hasn't been explained by the recent holding statements. He might still have some to go, but we can see the dynamic with a couple of funds buying and a couple selling. The stock was moving well and looked like breaking out in the afternoon, but sellers came and hit the book at 124 down to a close of 122.4. So despite breaking that 120 area where I have noted regular sellers, it still hasn't broken out in a convincing manner. Next week will be pivotal. It either cracks on and breaks out of the very apparent range or it just falls back into it and faffs about for abit.

[toffeeman] 13/9/2019 16:27

Let's hope Woody doesn't decide to sell into strength next week!

[montynj] 13/9/2019 15:19

I've just bought into these shares

[skinny] 13/9/2019 13:43

125.00p - 6+ month high.

[rogthepodge] 13/9/2019 10:03

Ridiculously underpriced

[master rsi] 13/9/2019 09:44

Volume is the key and there is plenty today 271K so far Yesterday at this time there was only 42K, so is 8 times

[toffeeman] 13/9/2019 09:16

Yep 120 is the key - let's see if it holds today.

[master rsi] 13/9/2019 09:08

BREAKOUT 123p +3p Has gone over the last Intraday high

[sphere25] 13/9/2019 09:06

Might be breaking out over that key 120 level. Started the day well, needs to close above it. Still nothing from Woodford - be nice to get his position as it has been so important here.

[master rsi] 12/9/2019 23:51

Very close to a Breakout if done then aiming for 125p

[master rsi] 12/9/2019 22:40

Someone is very interested in getting stock as after hours there was a very good size buy 65K deal. 12-Sep-19 17:10:28 120.00 65,000

[rogthepodge] 12/9/2019 18:57

Muppet usually changes his moniker every time he is embarrassed!

[rogthepodge] 12/9/2019 18:56

Muppet usually changes his moniker every time he is embarrassed!

[hawaly] 12/9/2019 17:40

Yes - his immediate neighbour probably qualifies for that moniker as well ....😒

[jackdaw4243] 12/9/2019 17:32

Muppet in No 10 or is there another

[bc4] 12/9/2019 16:58

Back to 120p! I wonder where the muppet is ?

[master rsi] 12/9/2019 16:56

120p +5.20p A very good bounce today after the last couple days of retracement There was some demand for the stock on the order book after 10am to the end of the day with UT at 120p with 35K, that was the lot place at this higher price on the order book and all was given. Noticed the "AT"s after the close almost the same amount as the UT. The volume today was about double 851K of the last couple days of 436K, 360K and 408K

[bc4] 09/9/2019 20:08

Found this in the Law society gazette Listed PI firm owner flexes muscle before small claims assault listed owner of personal injury firms will go into next year’s reforms on the back of impressive financial results. Redde plc, which owns south west firm NewLaw and alternative business structure Your Law, yesterday reported pre-tax profits up by 7% to £49m in the year ending 30 June. Revenue was up 12% to £590m. Although regarded as a market leader in accident management, the group has moved gradually into legal services in recent years, culminating in the launch of Your Law last year alongside National Accident Helpline. The accounts show profits from the legal services arm more than doubling from £2.2m to £5.3m in the year. Redde reported to the London Stock Exchange that its latest legal business has showed ‘encouraging progress’ and continued to build its caseload and levels of settlement. This has resulted in a greater proportion of cases from outside the RTA claims sector, which is affected by the Civil Liability Act reforms coming into force next April. While the business has diversified, Redde confirmed it is investing in IT systems to provide a customer portal that will integrate with the system being created by the Ministry of Justice. This investment is intended to ‘provide efficiencies to deal with low-value claims after the reforms take effect’. Redde also confirmed that during the year it completed the consolidation of all NewLaw operations into its Cardiff building. That process ended up costing the company £900,000. The company is paying shareholders an unchanged dividend of 11.65p this year. Shares rose almost 5% following the announcement, opening at 114p today Looks like the legal business is going great guns

[master rsi] 09/9/2019 16:43

UT at 119.40p with 18K, recovery at the end

[master rsi] 09/9/2019 13:38

Steady progress on the share price after the Marked down at Opening with UT at 115.20p, order book act funny sometimes, and this was the case today, currently at 119.40p

[master rsi] 06/9/2019 16:44

A reasonable UT @ 120.20p for 11.788 shares, better than the spread at close and very neear to the high of the day.

[master rsi] 06/9/2019 13:40

Spiking UP after crossing 116p and going all the way to 121.20p

[sphere25] 06/9/2019 12:58

+8% today after yesterdays rally. Starting to push on this like NSF with both stocks being the most recent beneficiaries of Woodford overhangs getting cleared. RNS out: Market popped abit on Griffith continuing stake building (4.68% to 7.67% on 12/06/2019 and 7.67% to 9.81% on 05/09/2019) - he is shrewd. He is clearly one of the buyers of Woodford's stock. We'll get more holding RNS in future to paint a clearer picture of the recent whopping transactions. Stock is starting to push higher on less volume now. Alot of the sellers were cleared yesterday, allowing the stock to push on now. The market liked the results and the change of tact in being firmer on the collections front. There is no way buyers come in to the tune of 50m + volume straight away after the report if they didn't see value. I was watching this and just waiting to buy. It was just Woodford acting as a drag. Hard to fight selling pressure when someone has 20% of a company to offload. There is enough in that report to suggest forecasts will be hit, so unlike the majority of stocks where I am bearish (Far too cyclical, politics, growth contracting and so on), this is one of the few where I suspect market confidence could return with the unwinding of working capital, profit and cash being generated to fund the dividend and a continuation of growth. It's all about confidence. EDIT: Invesco have reduced by a few percent too from 29.04% to 26.28%. Are they going to overhang the stock now? Jeez, ya try and clear one 20%+ fund mangler and another one comes along! (Booked a quick 10% on some of the shorter term positions on that just in case the party gets spoiled short term - lovely rise though!) Come on Woodford, what have you done. Out with it.

[master rsi] 06/9/2019 12:52

Richard Griffiths managed yesterday to increased his stake to 9.81% from 7,67%, most likely he was happy with the results and more yet with the dividend .... Name Richard Griffiths and controlled undertakings 5. Date on which the threshold was crossed or 5 September 2019 reacheed of 8. A) (total of 8.B 1 + 8.B 2) Resulting 4.49% 5.32% 9.81% 306,706,045 Position of previous notification 3.43% 4.24% 7.67%