Redde Northgate Share Discussion Threads

[my5harebox] 27/4/2016 15:57

Agreed . I can see no reason to not expect a good update so why the share price has been dropped down to here ? not sold any either.

[napoleon 14th] 27/4/2016 15:32

It is damn good. That's why I've not sold any.

Only worry here is the main criteria for investors; the share price.

Here's hoping for a recovery from tomorrow on.

[bc4] 27/4/2016 15:24

That looks pretty good to me!

[bc4] 27/4/2016 15:22

Well this was only 2 months ago
Continued Growth

Financial headlines
-- Turnover GBP165.2m (2014: GBP122.0m) - Increase of 35%
-- Adjusted* EBIT of GBP17.1m (2014: GBP11.2m) - Increase of 53%
-- Adjusted* profit before tax of GBP17.3m (2014: GBP11.5m) - Increase of 51%
-- Net operating cash flow to EBITDA 91% (2014: 114%)
-- Debtor days 95 days (2014: 108 days)

-- Total cash balances GBP31.6m (2014: GBP22.2m adjusted for GBP41.0m cash spent on acquisition)
-- Net debt of GBP9.1m (2014: GBP2.9m adjusted for GBP41.0m cash spent on acquisition)
-- Adjusted* basic EPS 4.89 pence (2014: 4.30 pence) - Increase of 13.7%
-- Statutory basic EPS 4.49 pence (2014: 4.14 pence) - Increase of 8.45%
-- Interim dividend 4.50 pence (2014: 4.00 pence) - Increase of 12.5%

Operational headlines
-- 8.8% like for like growth in number of credit hire cases
-- Total number of hire days increased by 16.4%
-- 101.7% increase in number of all repair cases (including FMG)
-- Revenue generating fleet utilisation increased to 82.5% (2014: 81.0%)
-- Increase in number of contracts and range of services
-- FMG acquisition performing to expectations and integration underway
Commenting on the Group's results and prospects, Martin Ward, Chief Executive Officer said:

"The Group has again delivered significant growth in revenue, earnings and dividend. The start of the second half has been strong and we continue to see new growth opportunities from within our markets. The Group is increasingly being seen as a leading partner of choice within our industry. Our protocol arrangements with insurers, which deliver early payments without frictional cost, have continued to grow and release value. We have extended our service offering with existing insurer Partners during the year and the outlook for the full financial year is positive." Outlook
The second half of the year has already started well with volumes maintaining the rate of growth seen in the first half whilst the planned integration of FMG with the rest of our business is showing good progress. The impact of strategic acquisitions, along with continued delivery of organic growth and the benefits of further improvements in operational efficiency from our GPS strategy, give the Board great encouragement for the future.

[napoleon 14th] 27/4/2016 15:20

REDD TU tomorrow?
Worrying after that relentless fall from 200p to under 150p in year to date...
Fingers crossed that the market's got it wrong, but not usually the case.
Having bought at 25p, I'll sleep anyway tonight!

NN - the more you feed'em, the more they stick to you!
Needs a life perhaps. Filtered anyway.

[nicky name] 27/4/2016 15:01

oh the troll!

are you going to stalk me everywhere I go on ADVFN?

rather bullying don't you think?

[rackers1] 27/4/2016 14:23

how much did you lose on quindell numbnuts ? no porkies please.

[retailronnie] 27/4/2016 13:54

A divi of 9p gives a return of 6% at these levels. The latest interim statement says a good start to the year. Are these a steal or something nasty going on in background?

[nicky name] 27/4/2016 13:25

been a holder of Helphire and Redde for years hgv1

so is a twenty bagger your idea of failure?

[hvs1] 27/4/2016 13:10

did say it was going dahn

two valid reasons were-

1) support broken on chart (dont need to be a guru to see that)

2) nicky nonce chops bought in - this is a more powerful reason as he is the worst investor ive come across, an oaf of staggering stupidity, if he's in a stock best to hit the exit PDQ, lol

laters x

[juuunx2] 27/4/2016 11:38

Thanks piston broke hope it's good news in in for a loss at the moment

[pistonbroke1] 27/4/2016 10:54

Trading Statement due tomorrow, not results but an indicator of how period since last results have been progressing and normally a hint of future divi.

[juuunx2] 27/4/2016 10:38

Anyone know what happened to results shouldn't we have em by now?

[nicky name] 27/4/2016 10:04

Don't feed the troll

[rackers1] 27/4/2016 08:56

ohhh what a nasty brute of a bully changing my name there. but I bet you wont put me on filter will you nap? you say that every time yet respond every time.

in the meantime the share price languishes ever lower. wheres your stop nap ?

[dalesiders] 27/4/2016 00:19

Infamy Infamy ....... the kiss of death to any share

[nicky name] 26/4/2016 14:09

what is Globo? sorry board, please ignore my misguided troll

I have never posted about Globo, because I know absolutely nothing about it

[solrei] 26/4/2016 13:46

They went on the AIM three years ago. Something with their new financing.

[rackers1] 26/4/2016 13:44

quindell, Globo, Redde nicky lame's list of stocks to short continues.

fine effort.

[hvs1] 26/4/2016 13:37

it wont pillock chops, lol

[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.