Redde Northgate Share Discussion Threads

[nicky name] 26/4/2016 13:33

Redde (Helphire) always had a main market listing until a few years back, (four or five?) when it had tight cashflow and high leverage. It got rid of its 'star' non-execs and listed on the AIM in order to save costs. No other reason as far as I am aware. It happily traded on the main market for many years, but was occasionally targetted by short sellers like Simon Cawkwell, trying to profit from times when cash was not flowing as quickly as it could.
How times have changed! There doesn't seem to be any problem with cash collection now, and the shares have ten or twenty bagged.
I am hoping that Slater and Gordon enjoys a similar resurgence in Oz.

[steeplejack] 26/4/2016 11:27

If Redde was fully listed it would open up a wider universe of potential institutional investors.Frankly,you could count the number of consistently successful AIM companies on two hands,ASOS,Majestic...anyone like to continue the list.You're right about the questionable value of PEs.I think Warren Buffet has taught us all to value cash flow first and foremost which has arguably seen the rerating of Redde.

[petersinthemarket] 26/4/2016 11:00

Everyone knows that some elements of the aim mkt are a cess pit but this does not mean that all the companies in it must be considered to be untrustworthy. Most serious traders and investors know which companies are being well and honestly managed and that would include redde. There would be little or no advantage in moving redde from aim to a higher mkt. In fact redde's running costs would rise to no obvious benefit. I have seen a number of companies in the past who have found business life considerably more difficult in the higher mkts. I would suggest leaving well alone. Have a little confidence in an excellent company. The share price will come right.

[fatnacker] 26/4/2016 10:09

Down 25% from recent high on comparatively low volume, another positive trading statment could regain all of that and more, got to be worth a punt currently.

[capricious71] 26/4/2016 09:59

steeplejack, totally agree about the income fund bit. I was thinking more in terms of valuation of a company and using P/E as a metric. There are people who don't even think it's that valuable a metric within the same sector.

[steeplejack] 26/4/2016 09:19

If you were running an income fund,it really wouldn't matter if you compared companies in different sectors..In any event,loosely both Redde and Legal and General operate in the field of insurance.The income fund manager or the balanced,growth fund manager for that matter might provide information as to the weighting in each sector but it's of passing interest.There's a proclivity to invest in sound ,heavyweight stocks.The AIM market remains understandably out of favour.When you have someone like Terry of Quindell criticising the AIM market as being poorly regulated,I'm not surprised.I would be very happy to see Redde attain a full listing.It could only lead to further rerating.Perhaps capricious71,you should of questioned whether one should compare a fully listed company with one on the AIM market.

[nicky name] 26/4/2016 02:36

right! I am going to stop feeding the troll

again, he has effectively censored me (as he censored many others)

so much for free expression!

he is ruining these boards

[hvs1] 25/4/2016 20:10

just 'tool' is enough of a description for dunce features lol

[capricious71] 25/4/2016 18:17

Steeplejack, I didn't think it was wise to compare company multiples if they're in different sectors.

[rackers1] 25/4/2016 18:12

Nicky lame in this is he?

The biggest shorting tool anyone should have in their armoury is when Nicky lame declares he's bullish.
This is going down.

[nicky name] 25/4/2016 18:05

possibly 2 days 'til trading update?

let's see where it finishes this week shall we? surely that is more persuasive from a charting perspective

but unlike hvs1, I do not pretend to be a charting guru

[hvs1] 25/4/2016 16:57

dumped at the close

oh dear, lol

[hvs1] 25/4/2016 15:49

numb nuts, you're an idiot son, you've proved that well enough and often enough, lol

the support for this was 160 and it's been broken, so the risk is increased, the market may be forward looking and factoring in lower growth rates, who knows, but support has been tested and broken for now.

doesn't mean redd is a basket case but I wouldn't use the old divi reasoning validation, its a mug who buys a 5% yield and loses 10% capital to pay for it.

c yas x

[nicky name] 25/4/2016 15:19

ignore the troll with multiple aliases, is my advice

[my5harebox] 25/4/2016 14:52

The dividend on this makes holding the stock feel very comfortable even if the share price only makes a small rise.

[modform] 25/4/2016 14:28

Hvs1 is no troll Nicky. I wish many people including you had listened to him on QPP, ETO, BLAH BLAHHe got them all spot on.As the good old CR used to say, if it's the fundamentals or the chart, believe the chart.Not a holder, but I hope tomorrow's results will be good for you all. My fear is that people will be selling on any rally so the rise may not last

[scottishfield] 25/4/2016 14:28

Yes perhaps it was Thurs not Tues.

[scottishfield] 25/4/2016 14:27

You might be right piston, I thought I saw it somewhere. It's not far off at any rate. Apols if I'm wrong.

[solrei] 25/4/2016 14:24

It's usually on a Thursday

[pistonbroke1] 25/4/2016 14:23

scottishfield - what makes you think trading update is tomorrow, it was 27th last year.