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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 4426 to 4450 of 4825 messages
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DateSubjectAuthorDiscuss
23/11/2020
17:52
Well spotted flyfisher, although I think the cut off point for the December review may already have passed.


>>are AIM stocks in FTSE250?>>

No, but I don't think REDD is an AIM stock.

zho
23/11/2020
17:35
are AIM stocks in FTSE250? genuine question
rogthepodge
23/11/2020
17:14
As of today REDD is 349th in the all share list, so we have a sporting chance of joining the FTSE 250 index at the next review in december.
flyfisher
17/11/2020
14:38
>>Directors remuneration report shows that the CEO stands to earn £3.7m for on target performance, a figure that would make a ftse 100 CEO blush.>>

Perhaps not, because the median FTSE100 CEO's salary is £3.6 million, but I agree with your sentiments.

zho
17/11/2020
14:31
Directors remuneration report shows that the CEO stands to earn £3.7m for on target performance, a figure that would make a ftse 100 CEO blush.
The remuneration committee are trying to add further bonuses to this.

No wonder for the heavy vote against the directors remuneration policy at the AGM.

The company is on the cusp of ftse 250 entry, yet does not have appropriate corporate standards.

If this is of concern, email the company, let them know your feelings.

flyfisher
16/11/2020
07:06
Redde Northgate plc (LSE:REDD), the leading integrated mobility solutions platform, confirms that it will publish its interim results for the six months ended 31 October 2020 on Tuesday, 8 December 2020.
skinny
05/11/2020
20:43
No problem with II - in on 3 November.
grahamburn
05/11/2020
19:52
did anybody get the divi mine dosent show in my HL account
chaders2
31/10/2020
06:38
45% vote against directors remuneration at the AGM, board will engage with institutions to find out why.

In my view, the current performance bonus targets reward poor performance.

It looks like the directors incentive schemes will be adjusted.

flyfisher
29/10/2020
18:55
Good write up by Paul Scott on Stocko today. Not sure why Mr market is marking the share price down?
indiagolf12
29/10/2020
17:39
thanks for that info zho and skinny, I had never heard of marketscreener and as it appears to be free if you register I will give it a try.
3800

3800
29/10/2020
15:04
Thanks Skinny
zho
29/10/2020
15:00
That link is ok for .

5 buy, 1 outperform & 1 hold - TP 354.14

skinny
29/10/2020
14:58
Hi 3,800,

A 16/9/20 article in the Investors' Chronicle said "Analysts at broker Numis upgraded their forecasts to adjusted earnings of 26.3p per share for the year to April 2021, rising to 35.7p for FY2022."

That's all I've got, I'm afraid, apart from the likes of

zho
28/10/2020
13:15
Hi zho, do you know what the the consensus of FY2021 analyst forecasts are?
3800

3800
28/10/2020
07:27
Current Trading

In the first five months of FY2021 the Group has seen sequential monthly
improvements in trading, with a recovery in VOH to slightly above pre-COVID
levels, strong used vehicle prices and disposal profits, but slower recovery
than expected in Redde volumes due to several factors including local and
regional lockdowns.

Absent a deeper or more prolonged impact of COVID-19 than currently expected,
the Board is comfortable with the consensus of FY2021 analyst forecasts that
have been updated since April 2020.

zho
11/10/2020
08:13
It's behind a paywall, but ...


"White delivery vans enjoying Covid-inspired renaissance

"The price of secondhand vans has risen for five straight months as demand for home shopping deliveries continues rising"

zho
09/10/2020
10:42
At around the 420p level, Redde shareholders will be back at the level they were before this merger was announced.
largeronald
09/10/2020
10:37
Redde Northgate is currently ranked 359th by market cap in the all share index.

At the 230p level it would qualify for ftse 250 inclusion, ie companies from 100 to 350 in the list.

If it gets there, presumably some index buying would occur.

flyfisher
07/10/2020
12:59
Don't rub it in!
skinny
07/10/2020
12:54
s34icknote - 6.8p final dividend makes a grand total of 6.8p. This is the only dividend that Redde have paid this year.
largeronald
07/10/2020
11:28
A previous comment from Crystal Amber.

''Northgate's well-managed Spanish business, which generates over half of the group's operating profit, is the clear leader in its market with a strong brand, good geographic coverage and an attractive return on assets.
The Fund believes that the considerable value of the Spanish business is not reflected in Northgate's share price and that the company should therefore properly explore all options to realise the value of this asset.
For example, if the Spanish business were to be worth 130% of nav to an acquirer, then investors in Northgate would be currently paying less than one third of net asset value for the residual UK and Ireland businesses.''

flyfisher
07/10/2020
11:20
Many years ago Helphire had a Spanish credit hire division if I remember correctly. Got closed down though I think, after Dimond Lovell legal case around 2000?
rogthepodge
07/10/2020
11:20
Interesting FF. I seem to remember that they were setting the Spanish business up to manage itself as a division which from a medium term plan would make sense if they were to sell it off so that the UK business was not affected.
deanowls
07/10/2020
10:15
The post results analysts presentation commented upon ''Potential disposal of non-core assets''.

What assets are non core?

Activist shareholder Crystal Amber has been pushing for a sale of spanish operations, as they expect it would be attractive to european competitors who are seeking inroads into spain.

From Crystal Amber '' As previously stated, the Fund believes that Northgate's well-managed Spanish business would be an attractive acquisition candidate for several multinationals that have been attempting to increase their presence within the European flexible vehicle rental market. These larger and more diversified peers operate with greater leverage and lower costs of capital than Redde Northgate and would be able to realise multiple synergies unavailable to Northgate.

The Fund hopes that the company's ongoing review of Northgate's strategy will conclude that it is in shareholders' interests to initiate an auction of the Spanish business.

I assume that this is the non core asset, what value could a sale attract?

flyfisher
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