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Share Name Share Symbol Market Type Share ISIN Share Description
Redde Northgate Plc LSE:REDD London Ordinary Share GB00B41H7391 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -6.00 -4.14% 139.00 139.60 140.00 142.60 134.20 140.60 475,455 16:35:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 589.7 41.7 11.3 12.3 427

Redde Northgate Share Discussion Threads

Showing 4226 to 4250 of 4350 messages
Chat Pages: 174  173  172  171  170  169  168  167  166  165  164  163  Older
DateSubjectAuthorDiscuss
04/12/2019
20:05
Tonight you people need to research ALGWBIG PLANS 100,000,000 million. Credit facility about to be approved and signed by a leading UK asset managerMcap of this company is only 5m nowWill be multiples And way past 20pDnt be left out in the cold
jammydodger1
04/12/2019
19:32
I've just replied on another thread. I'm going to short this tomorrow - thanks for the tip
davr0s
04/12/2019
19:28
Tonight you people need to research ALGWBIG PLANS 100,000,000 million. Credit facility about to be approved and signed by a leading UK asset managerMcap of this company is only 5m nowWill be multiples And way past 20pDnt be left out in the cold
jammydodger1
04/12/2019
19:25
Vote no. Don't tie us to cyclical NTG just as we go into recession. Independence ideally but a private equity bid might at least deliver some value. 4+ year support went in 2007 free stock charts from uk.advfn.com Looks like 6+ year support might be going now. free stock charts from uk.advfn.com
aleman
04/12/2019
17:23
But maybe a more cyclical company
rogthepodge
04/12/2019
16:59
Of course it will go ahead. The instis will have been sounded out. Besides they will have a strong recommendation from your CEO whose career will be boosted by the deal. In all takeovers that I have invested in where the small shareholders feel they are being lowballed, the support of instis is sought long before a bid is announced. This doesn't seem a bad way forward for Redde. You (or rather, we) will get 44.5% of the continuing company, it will be your CEO leading the combination, and he will have the order book of NTG to play with. It looks like a sensible combination with synergies to be exploited. I immediately bought a small holding of Redde on the announcement (not great timing!) If NTG's offer is trumped, so much the better. If it is not I like the company anyway. And if the bid fails Redde were likely going to reduce the dividend payout anyway judging by your share price chart. This is a progressive way to do it. The new dividend will be better secured in a larger company.
wbodger
04/12/2019
15:03
I will be very disappointed if this merger goes through. REDD has been a lovely earner over the last 5 years. Very lucky to have sold half near the top last year but have traded a few on the swings between 100 and 120 and carried on collecting that lovely dividend. Holding on at the moment and hoping they come to their senses.
fozzie
04/12/2019
13:33
As you can all see the market has corrected itself by at least 5% halving the gap which should not be there. This has already proved that it would have been the correct transaction for a FM. This is not an arbitrage as Minerve suggested but an investment decision based on 'best investment' practices.
prokartace
03/12/2019
15:59
Tempting to sell and book a small loss after this news to avoid further loss, but I do wonder if this merger will actually go ahead as mentioned previously
dmdmdmdm1
03/12/2019
15:23
I would agree with Aleman, except the Board's recommendation increases the danger that it might go ahead. Lots of unadventurous and corporate types are likely to do as they're told.
zangdook
03/12/2019
15:13
Minerve for the time being the view of the market on the shares is intertwined by the expected offer. You are correct that there is no certainty but given that REDD shares were higher pre announcement this would insinuate that the market feels the merger is bad for REDD. That being the case if the merger fails REDD would be the shares to be in. If it goes ahead the FM will have benefited by being in the share which had fallen more than the other as it would come back into line with the ratio offered
prokartace
03/12/2019
14:56
I agree Aleman
rogthepodge
03/12/2019
14:13
NTG shares are down because their results were not very good and they are a very cyclical business so those results might be saying the best is now behind them. REDD shares have not risen to nearly match their bid since there is great scepticism that it will succeed. However, that should leave REDD shares at where they were or higher since REDD were undervalued when this opportunistic bid came in. Maybe some institutions are taking advantage of higher volume to offload. Buy the shares while they're cheap and vote no.
aleman
03/12/2019
14:08
It seems the selling stops at around 100p
bc4
03/12/2019
13:06
I see Link have shifted a few. :- 12.30% -----> 11.82%.
skinny
03/12/2019
13:00
I'm no bull, but simply not rational for the combined market cap to be now 12% lower than before the announcement. Only makes senses if you think the deal is so bad that it will lead to a 12% drop in combined earnings. I personally think there should be some modest synergies - cost savings and cross selling etc - albeit fairly minor.
riverman77
03/12/2019
12:59
prokertace You are talking about arbitraging something that is not definite. It is just a ratio. The temporal value seen in Redde could easily be swapped into that of Northgate over the next x weeks by Mr Market - The Manic Depressive. If it was cast in stone by a defined pence per share then you could arbitrage against the certainty of the deal going through. At the moment you would just be arbitraging against the view of Mr Market on both shares.
minerve 2
03/12/2019
12:49
Minerve, of course there is a difference. There is a ratio at which the new shares are issued and whether it is in the future or now it would make no difference. If I was a fund manager and pro the merger I would sell all my NGT shares and by REDD shares in the safe knowledge that I have protected myself by 10% apres merger. This does not mean that I would make money but it does mean I have 10% more than if I had not switched.
prokartace
03/12/2019
12:11
I agree, it looks like the NGT share price is valued 10% higher than REDD. This implies that the market thinks the merger might not go ahead and that the NGT is being undersold in the merger terms. Alternatively perhaps there is still a massive overhang in REDD shares and this is a chance to shift them with NGT shareholders switching for the 10% uplift.
blobby
03/12/2019
11:56
There is no 'combined SP'. New shares in Northgate need to be issued to accommodate Redde investors but this will happen at some point in the future. To take the Northgate share price and use the 1/3 multiplier to come up with a Redde target share price is a mistake.
minerve 2
03/12/2019
11:54
If this carries on perhaps we could see another bid come in for REDD?
riverman77
03/12/2019
11:53
Redde announces merger with Northgate - we don’t get it Https://www.investorschampion.com/channel/company-research/a-dividend-yield-of-7.3-is-certainly-attractive-to-income-seekers
bbmsionlypostafter
03/12/2019
11:40
The thing i don't understand is why Redde is at a 10% discount to the combined share price 300p on Northgate implys 110p on Redde
prokartace
03/12/2019
11:25
Absolutely right chaps. Stay clear. Hey listen, if prospects turn out in line with the BS story then there will be plenty of time to buy back in! LOL
minerve 2
03/12/2019
11:23
And the talk is about halving the dividend yield here....... so it will be a NO from me then...
fenners66
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