Share Name Share Symbol Market Type Share ISIN Share Description
Redde LSE:REDD London Ordinary Share GB00BLWF0R63 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00p -0.62% 160.00p 160.00p 160.50p 162.25p 158.00p 160.00p 454,156 16:29:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 379.2 25.2 8.7 18.5 486.31

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Date Time Title Posts
16/11/201711:18Redde plc - accident 'restoration' activities2,932
28/8/201611:13Is LGT the next REDD?9

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DateSubject
19/11/2017
08:20
Redde Daily Update: Redde is listed in the Support Services sector of the London Stock Exchange with ticker REDD. The last closing price for Redde was 161p.
Redde has a 4 week average price of 149.75p and a 12 week average price of 149.75p.
The 1 year high share price is 182p while the 1 year low share price is currently 135.75p.
There are currently 303,943,511 shares in issue and the average daily traded volume is 474,524 shares. The market capitalisation of Redde is £486,309,617.60.
30/10/2017
15:58
silverfern: IT wil be THursday when holders reinvest the dividend . THat will start the climb back for the share price
19/9/2017
15:17
bc4: The orchestrated drop to 136p last month certainly worked, share price showing lots of strength and the yield is still about 6%
16/8/2017
17:04
bc4: To be honest SPHERE25 has got it spot on algos are dictating the share price and have been for months
04/7/2017
10:25
pistonbroke1: The problem is the P/E ratio is still 18 even at this price which needs a strong forward statement to justify.. With such a bland closing statement last week there doesn't seem alot to look forward to. Holding for the divi makes no sense if the price drops by a greater value than the divi payment is. Also the share price always drops on the day of going ex divi by the same amount.
01/3/2017
11:48
odsjp: Even if the divi does not grow anymore this year and ends up at 10p, that is still a 6% return at the current share price. I see that Neil Woodfood (a fan of Redde in his other funds) will have a new "Income Focus" fund looking to deliver at least 5% income so it would not surprise me if Redde will be a constituent.
02/9/2016
19:43
knigel: Has he been moaning since the share price was 1p (pre consolidation)? What 4-5 years ago now :-)
04/5/2016
11:43
pistonbroke1: At the end of the day this is a UK company trading solely within the borders of the UK. It isn't at the perils of Brexit, Trump/Clinton mania, the price of gold, oil or any other commodity for that matter. The truth is the share price got a little over heated when it went above £2, the PE was over 20 and it was over bought, a pull back was bound to happen. That said this company continues to make astute acquisitions which together with a good management team are producing increased profits and dividends year on year. I fully expect the year end results to show continued strength which will in turn increase the share price without the PE getting overheated. Buy on the dips then sit back relax and collect your divis, the share price will do just fine over time!
29/4/2016
12:11
bc4: If you look back to March 2014 to same thing happened, the share price had rose from 15p to 75p then dropped back to 50p before hitting 200p now I am not predicting the same but there always seem to be shenanigans with a share price after a large rise this is not the first good company and will not be the last.
30/11/2015
22:46
jimbobjames2002: Here is the full transcript from Paul Scott: Redde (LON:REDD) Share price: 177p (up 8.4% today) No. shares: 302.2m Market cap: £534.9m (at the time of writing, I hold a short position in this share) News release - the company issued a statement last week, on Fri afternoon, in response to the Govt's Autumn Statement, which included action to be taken to rein in the compensation culture, in particular in relation to (often false) whiplash claims after car accidents. Shares in REDD fell in sympathy with other companies involved in personal injury claims. Although reading through REDD's statement on Friday, it seems that very little of their business is likely to be affected by the changes. Therefore it's looking increasingly likely that the sharp fall in share price last week might have been unjustified. This last sentence from REDD's announcement in particular, suggests that the group appears to have little exposure to problems in this area; Redde further notes that the activities of the Group which would be covered by legislation of the sort proposed by the Chancellor contribute less than 2.5% of the Group’s revenue. This set me thinking that 2.5% of group revenues isn't much, but what if it's a lot more profitable than the other group activities? So for this reason, I downloaded the accounts for every group company within REDD, from Companies House (which is now free) and had a quick look, to get a better feel for where the group's main activities and profits come from. In this case, the main activity seems to be replacement vehicles for accident victims, which has always been the case with this company, from when it was HelpHire, although for some reason I thought it had broadened out much more into other areas, such as whiplash. That doesn't seem to be the case particularly, so it looks like I made a mistake by opening a short position on this share late last week. It's not a big deal - you try out lots of ideas, and see what works. Some will, some won't. That said, I note that Aviva, the insurance giant, and also REDD's 3rd largest shareholder, reduced from over 14% to over 13% last week. So I'm intrigued as to why they were selling? Maybe the memo about REDD not being impacted much by the Govt's stance hasn't yet been read at Aviva HQ? So on balance, I decided that it was probably a mistake to be short of this share, so I covered half my position this morning, but will let the balance run, and see what happens. I'm not really supposed to write about my short positions here, but seeing as new information emerged on Friday, then I think it's important to mention it here today.
30/10/2015
17:58
activeservo: After enquiring about whether or not we can or should tip on these forums with no response I've decided to open a separate thread to stimulate discussion on alternative shares similar to REDD. REDD seems the perfect share. Heavily devalued in the recession, bouncing back after years of depression. Text book finances and chart to match. Now we're all strapped into REDD for the long haul, I think it's time attention was turned elsewhere to other fledgling "REDDs". LGT seems promising. Bring up the charts for both REDD and LGT and zoom out 6 years. Both were at rock bottom during 2011/12 and both started to recover in 2014 confirmed by the return of dividends. They are now seeing steady share price increases. The charts suggest they are P&D free giving confidence that the share price shows true value (most of the time!). Both are financially very similar, if an order of magnitude out, with solid futures ahead. What are your thoughts? Any recommendations?
Redde share price data is direct from the London Stock Exchange
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