Redde Northgate Share Discussion Threads

[bc4] 30/10/2019 08:33

Yes another big divi in February, well under valued IMO

[fxprotrader] 30/10/2019 08:04

NOt looking good. anything with fatboy in it is doomed to failure.

[donemyhomework2] 30/10/2019 08:03

All looking good!!

[skinny] 30/10/2019 07:02

AGM Statement and Dividend. At today's AGM, John Davies, 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 first quarter of the financial year ended 30 June 2020. 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 7 November 2019 to those shareholders who were on the register at the close of business on Friday 4 October 2019. This dividend, if approved, will result in total dividends in respect of the year ended 30 June 2019 amounting to 11.65 pence per share totalling £35.8m in aggregate and will be our sixteenth consecutive dividend since June 2013. Payments since that date will amount to £ 176.2m representing 61.30p per share. Current Trading The first quarter's trading of the new financial year is in line with management expectations. more.....

[bc4] 25/10/2019 16:23

MIDAS SPECIAL: Are there any companies worth backing from the Woodford wreckage? Redde makes life easier for motorists when they are involved in road accidents. Woodford probably thought the firm would make life easier for him too. REDDE The group has contracts with several large insurers and dealerships so, when customers ring up to say they have had an accident, they will be referred straight to Redde Woodford probably thought the firm would make life easier for him too The business has a fleet of more than 10,000 cars and prides itself on top-notch service, providing replacement vehicles from standard hatchbacks to luxury convertibles to ice-cream vans. Redde also works with a network of garages to ensure that repairs are completed quickly and efficiently and it manages claims for insurance firms. Ward works with big companies too, handling damaged fleet cars or vans. And there is a legal division, that covers motor injuries, employer liability and negligence claims. This division works on behalf of insurers but it has some large public-sector customers too, such as the Royal College of Nursing and the British Medical Association Ward did not just put the business back on its feet, he changed the dividend policy so that virtually all the profits are paid out as dividends. In the year to 30 June, Redde paid a dividend of 11.65p, putting the stock on a yield of more than 10 per cent. In most cases, such a high yield rings alarm bells with canny investors but Redde is slightly different because the generous payments are part of a deliberate policy and the board is committed to making sure that there is sufficient cash left in the business for its needs. Redde had a difficult time earlier this year, when it lost a contract with a large insurer and the stock halved from £1.80 to 90p. Other contracts have been won since but these have not been fully reflected in the share price. This presents an opportunity for investors. MIDAS VERDICT: Redde is linked to the Latin word restoration, helping drivers to get back to normal. With the stock at £1.14, the word is relevant to investors as well. Redde is a strong business with an attractive dividend and the shares should move higher. The Woodford stake is large but big investors have been expressing an interest in the stock so the holding should be sold off relatively smoothly This is a very good summing up about REDDE and its business

[ltcm1] 25/10/2019 09:28

FXprotrader rog is almost a lost cause. Last year he was advised by an expert on the Purplebricks thread, one of the top boys, to sell and go short at 500, ofcourse he cheerfully ignored only to endure an 80% decline. He is a danger to himself mainly but it is only fair to warn others I think.

[rogthepodge] 23/10/2019 16:39

definitely demand at these levels. And who can blame them!

[bc4] 23/10/2019 16:04

Yes but the price held so someone is picking them up!

[skinny] 23/10/2019 14:55

Aviva & associates 3.99% ----> 2.88%.

[bc4] 22/10/2019 16:04

Nice day for REDDE up 3% on mid price good day for all holders!

[fozzie] 22/10/2019 14:58

The gift that keeps on giving. Back up to 120 aha.

[rogthepodge] 22/10/2019 14:47

Nicky Name's most recent post is August 2nd 2016! and you point is?

[sphere25] 22/10/2019 14:18

Right, let's do another update: Current price 119.4p Posted on 8th Oct (with the stock trading down at around that £1 mark) where I said: "I've seen Mr Market do some daft things in my time, and yes...this one is right up there." "So I will happily make another call. I will buy the stock here at £1 and average into the weakness down at these bonkers level, and once the institutional fund manglers realise they have overreacted, turn on a penny and program the algos to go the right way, I will happily sell a few back to them up at around that 120 mark again." TAAAAA DAAAAAAA! Lost count of the number of BIG calls I have made on these forums. Well done to all other buyers down at around the £1 mark

[bbmsionlypostafter] 22/10/2019 14:09

rogthepodge is also Nicky Name. Https://uk.advfn.com/forum/search?q=Nicky+Name&index=posts&post_poster=on HTH.

[rogthepodge] 22/10/2019 13:53

I don't think FXpro could be a professional anything. A real Walter Mitty with nothing better to do.

[rogthepodge] 22/10/2019 13:50

Point me to a 'nickynumbnuts' post. I can't find him

[fxprotrader] 21/10/2019 16:25

Nope, its just the usual way i react to bellends

[bc4] 21/10/2019 16:04

Oh dear I seem to have struck a nerve HA HA LOL

[fxprotrader] 21/10/2019 15:58

you used to be called nickynumbnuts but now you use rogthepodgy. Very hypocritical sunshine