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REDD Redde Northgate Plc

381.50
3.50 (0.93%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  3.50 0.93% 381.50 380.50 381.50 382.00 375.50 377.00 370,098 16:35:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Passenger Car Rental 1.49B 139.24M 0.6141 6.20 862.75M
Redde Northgate Plc is listed in the Passenger Car Rental sector of the London Stock Exchange with ticker REDD. The last closing price for Redde Northgate was 378p. Over the last year, Redde Northgate shares have traded in a share price range of 310.50p to 395.50p.

Redde Northgate currently has 226,741,545 shares in issue. The market capitalisation of Redde Northgate is £862.75 million. Redde Northgate has a price to earnings ratio (PE ratio) of 6.20.

Redde Northgate Share Discussion Threads

Showing 4276 to 4296 of 4825 messages
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DateSubjectAuthorDiscuss
15/1/2020
14:55
Well all I can say is I hope some of the 80 or 90% who thought it was such a great deal buy some more stock and push the price a little higher so I can get my money back.
zangdook
15/1/2020
14:46
Approval from Northgate, but that's not a huge surprise.

Edit - oh, I see they reckon it was approved by Redde too. But no announcement yet.

zangdook
15/1/2020
14:45
Hmmmmm.

.

Northgate and Redde merger gains Northgate Shareholder approval

The Northgate Board is pleased to announce that the resolutions proposed at the Northgate General Meeting held on 15 January 2020, seeking approval for the recommended all-share merger of Northgate and Redde (the Merger), the change of name of Northgate from completion of the Merger, the adoption of the Northgate Value Creation Plan (the VCP) from completion of the Merger and the approval of the amended directors' remuneration policy from completion of the Merger, as described in the circular to Northgate Shareholders dated 12 December 2019 (the Circular), were duly passed by shareholders.

The Northgate Board is also pleased that the Merger has been approved by Redde Shareholders at the Redde shareholder meetings earlier today. The Merger remains subject to the satisfaction of certain Conditions, including the requisite approvals of the FCA and the SRA, and is expected to complete by the end of Q1 2020.

skinny
15/1/2020
14:11
It does seem to be a long meeting. However I'd expect some sort of price movement if it was not going to plan.
blobby
15/1/2020
13:39
Nothing on the Redde website as at 2 minutes ago.
largeronald
15/1/2020
12:46
No sign of our vote result then. Meeting started 10:15. I note the NTG share price continues to ease.
aleman
14/1/2020
11:39
Decision day tomorrow (15 January 2020)
blobby
13/1/2020
14:04
It depends on when you bought. It either went up then down or it continued on it's downward trajectory. It doesn't pay to take your eye off the ball with these AIM shares.
All the info is there in the REDD rns's

ricatcoatham
09/1/2020
22:26
Just realised I hold these in an old SIPP I didn't realise I had. At 140p though! What's happened to the price anyone?
computercoders
09/1/2020
16:39
Not sure if a date has been set yet. Supposed to be "shareholder meetings" in January?
largeronald
09/1/2020
16:14
Please could someone give me the date of the meeting that is going to decide whether there will be a merger or not? Thanks
afpk53
06/1/2020
10:14
Aleman. 👍
bobin37
06/1/2020
09:47
No. Bobin37. 0.3669 of a NTG share that you will receive for each REDD share has a trading value of around 115p - so a touch higher than the current value of each REDD share that it will replace. That's IF the deal succeeds. It seems pretty unpopular with small REDD shareholders so could maybe get voted down. I'm hoping it will fail. The very latest news on Iran, weakening US auto sales, and touted retaliation from the EU if Trump imposes tariffs on French imports suggest a deteriorating economic background for NTG.
aleman
06/1/2020
08:51
Thanks zangdook. I hear what you are saying... my concern is when the merger is agreed, there was mention for each Redde share will be 0.42 or whatever they said that we will have less than half of what we had therefore reducing their value drastically based in the current share value... that’s an awful lot to loose!
If only I had a crystal ball.

bobin37
06/1/2020
05:30
My personal opinion (which may be entirely mistaken) is that the merger, if it goes ahead, is unlikely to make the shares crash from here; the problem is that it will make it less likely that they will recover towards the levels they were at a year ago.
Please step in and disagree if I'm missing something.

zangdook
05/1/2020
17:22
Thank you Toffeeman. The shares belonged to my Dad who passed away last year so knowing what to do for the best... it’s a shame they crashed early part of last year... and the dividends pay quite nicely too.
I don’t want to hold on in the hope of them increasing for them only to crash n the merger...
I wish my dad was still here to decide.

bobin37
05/1/2020
15:33
Northgate is a van crash - so we will be worse off. If I was in profit I would sell now. (I know the logic!)
toffeeman
05/1/2020
09:44
New to this so be gentle..... if the merger goes ahead, how will this effect our shares? Will we loose out massively?? Extremely tempted to sell!!!
bobin37
02/1/2020
04:38
voted no with my meagre 933 shares.....
mozartprodigy
30/12/2019
20:24
We all want to do that.

Which is why the bid should be rejected and dividends continued, however I am worried that either way BOD may use it as an excuse to cut dividends.

fenners66
30/12/2019
16:16
A student - ha! I wish. At the other end of the age spectrum I'm afraid. Retired. Living off my dividend income.

Cheers,
PJ

pj fozzie
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