Redde Northgate Share Discussion Threads

[skinny] 02/9/2016 16:35

Allow me :-

[sogoesit] 02/9/2016 15:39

What's the forecast for Matilda?

(Seriously, napoleon, is that analysis on a daily basis? They seem mighty big waves.
Nicole Elliot (unsurprisingly ;-) ) discusses these in her column in the Chronic Investor sometimes).

Looks like lots saluted the Pennant a few days ago thanks to Skinny!

[toffeeman] 02/9/2016 14:51

Elliott waves. Matilda kisses

[narbuckle] 02/9/2016 14:02

Elliot Waves, on tonight at the Elephant and Castle, £10 on the door, £5 concessions....

[fizzypop] 02/9/2016 11:17

Elliott Waves ... I haven't heard them mentioned since Robert Beckman published his investment paper back in the late 80s, early 90s.
RB died of throat cancer sometime in the mid 90s in Monaco.

[napoleon 14th] 02/9/2016 10:58

Just a point of view - anyone into Elliott Waves? Pure TA, so only an indicator, but.....

We have had wave 1 from c. 10p to 210p.
Wave 2 from new year to July from 210 to 140p.
Wave 3 should be wave 1 x 1.56, so roughly 300p.

Wave 3 starts at 140p & tops out at 440p?

Lots to go for if that holds!
I do.

[rogthepodge] 01/9/2016 16:21

I think the full year divi is about the same as the market cap about 4 years ago?

[fizzypop] 01/9/2016 11:24

Well we had our 50/200 DMA golden cross one week ago and the 50 DMA is back in the ascendant - 245p certainly looks achievable.

I recall forecasting 10p for the full year divi and REDD came up with 9.65p or 96.5% of my f/c so well done REDD.

[bruceylegs] 01/9/2016 11:09

The outlook statement is worth noting (my caps):

"The new financial year has started well with performance in this short period since the year end being AHEAD OF OUR EXPECTATIONS and the corresponding period last year. Volumes are increasing through a combination of new business wins and existing customer growth. These developments, together with the combination of our recent strategic acquisition, organic growth and further planned improvements in operational and administrative efficiency, continues to give the Board encouragement for the future."

[fizzypop] 01/9/2016 11:04

Paul Scott covers today's results.

[leeson31] 01/9/2016 10:45

i see 190p as support, and next leg ~245p

[toffeeman] 01/9/2016 10:43

I am out for +59 points - I see 210 as resistance.

[steeplejack] 01/9/2016 09:21

That final dividend alone represents a yield of some 2.5% and will attract income funds.Excellent start to the year,continued strong cash generation.

[skinny] 01/9/2016 09:12

Its safe to say the pennant in post 2431 has broken to the upside.

Some broker 'noise' would be welcome!

All time high is 214.75p

[bc4] 01/9/2016 08:46

I have said it before and I will say it again this management team are second to none and will continue to grow the business and of course the divi, REDDE is a growth and yield share rolled into one

[wallywalrus] 01/9/2016 08:42

Year on year improvement. Sweet

[knigel] 01/9/2016 08:10

Go on my beauty!

[leeson31] 01/9/2016 08:05

cracking solid Yoy results!

[broadwood] 01/9/2016 08:01

Redde has improved its FY pretax profit and revenues, and issued a confident outlook for the current financial year.

Pretax profit for the year was £31.3m, from £24.3m, while revenue rose to £379.2m, from £248.7m.

"This is a strong set of results driven through the delivery of our Growth, Profitability and Sustainability ("GPS") strategy which continues to be our focus," said CEO Martin Ward in a statement.

"We have seen good levels of LFL growth and the performance of FMG, acquired in October 2015, has been solid. The new period has started well and together with the pipeline of opportunities the board remains confident on the prospects of the Group."

Redde said the new financial year had started well with performance in this short period since the year end being ahead of its expectations and the corresponding period last year.

It added that volumes were increasing through a combination of new business wins and existing customer growth.

"These developments, together with the combination of our recent strategic acquisition, organic growth and further planned improvements in operational and administrative efficiency, continues to give the Board encouragement for the future

[skinny] 01/9/2016 07:40

Commenting on the Group's results and prospects, Martin Ward, Chief Executive Officer, said:

"This is a strong set of results driven through the delivery of our Growth, Profitability and Sustainability ("GPS") strategy which continues to be our focus. We have seen good levels of LFL growth and the performance of FMG, acquired in October 2015, has been solid. The new period has started well and together with the pipeline of opportunities the board remains confident on the prospects of the Group."

[donemyhomework2] 01/9/2016 07:28

At 9.65p dividend and a 4% yield this should be at £2.40!!!!

[retailronnie] 01/9/2016 07:23

Divi up to 9.65 for the year

At 200p that's a yield of 4.8% which isn't too shoddy for a growing company, with cash in the bank and very little debt!

[trickyricky] 01/9/2016 07:20

Cracking results at first glance.