Redde Northgate Share Discussion Threads

[toffeeman] 28/4/2016 08:07

Soz Essential - I posted while you hit the reply button!

[toffeeman] 28/4/2016 08:04

Does need to close today above 160 which otherwise goes from support to resistance.

[essential] 28/4/2016 08:03

We need to close back above the 160p resistance line for a resumption of the uptrend.

[my5harebox] 28/4/2016 08:00

Nice sunny morning to go with a great update, as expected.

[woodcutter] 28/4/2016 08:00

Investors should get wise to the changes taking place in the insurance sector as a whole. REDD has the potential to double it's current revenue over the next five years. When investors like Neil Woodford and Giles Hargreave are involved it's wise to pay attention. They don't always get it right for sure but they're right more often than they're wrong. Their records speak for themselves.

The insurance sector is in a similar position to the banks, overstaffed with outdated systems and similarly the challenger banks and companies like REDD are taking on more and more of their business.

woody

[hawaly] 28/4/2016 07:41

Trolls don't appear to make enough to buy themselves alarm clocks....

[woodcutter] 28/4/2016 07:32

There's going to be a lot of shorts covering this morning. Very good TS brief and straight to the point as noted by many otheres here too.

woody

[retailronnie] 28/4/2016 07:32

PI: " ...second half of the Company's financial year to 30 June 2016 "

[panic investor] 28/4/2016 07:27

When is year end due again ?

[napoleon 14th] 28/4/2016 07:26

Good one! Straight and to the point without any qualificatons.
IMO REDD will be heavily marked up at the open.

[donemyhomework2] 28/4/2016 07:22

Excellent news yet again

[retailronnie] 28/4/2016 07:22

Get the feeling their holding back on the good news for year end.

[steeplejack] 28/4/2016 07:19

Yes it is brief.However,there are no "ifs" or "buts" or qualifications,so it suggests generally good news.Brokers will ring the company to get more information.

[fatnacker] 28/4/2016 07:16

What more needs saying, "continue to exceed"

[pistonbroke1] 28/4/2016 07:09

Blimey that didn't take long to write, usually get a bit more meat on the bone.

[retailronnie] 28/4/2016 07:07

Great. Will buy these all day long at below 170

[retailronnie] 28/4/2016 07:06

Issue Date: 28 April 2016

Trading Update

The Board of Redde plc (‘Company' or ‘Group') is pleased to announce that the positive start to the second half of the Company's financial year to 30 June 2016 has continued with strong trading volumes for the third quarter of the financial year and as a consequence operating profits are continuing to exceed the Board’s original expectations. Early indications are that this trend has continued during April and the Board remains confident about the Group’s prospects for the financial year as a whole.

[derektrade33] 28/4/2016 06:46

looks like the market makers filled their pots ready for good news :)

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

Hello mysharebox - you're like me; cut & paste from Slack or vice-versa!
GL tomorrow...

[my5harebox] 27/4/2016 16:47

Recovered a bit for the day at the close. Must admit the drop did put me off adding a few more which I may /may not regret, thought the market had wind of bad news due tomorrow. Still I am overweight in these so perhaps a good thing.

Good Luck all

[steeplejack] 27/4/2016 16:29

If you extrapolate the dividend increase announced at the interim stage,then the full year payout could be 9.3p giving a yield of 6.2% at 150p.Motley Fool reckons eps could come in around 9p which would give a multiple of around 16.Cash generation is the key here.Unless there's something unexpected in tomorrow's update,I would have thought the stock would bounce tidily tomorrow if the rating/yield outlined above is confirmed as realistic.

[nicky name] 27/4/2016 16:22

let's wait til market close this Friday, to see if hvs1 (one of my troll's aliases) knows what he is talking about?

[melf] 27/4/2016 16:13

I'm with you Nicky - I'm sure that happens....seen it time and time again with other stocks.