Redde Northgate Share Discussion Threads

[ttny2004] 07/7/2021 06:49

Results out. Excellent performance.

[ttny2004] 04/9/2020 07:31

Sam66 - are you still out there? Are you still invested in NTG after REDD / NTG acquisition?

[dandanactionman] 09/5/2020 07:54

All IMHO DYORI hold no position in these but am evaluating various companies.Has anybody seen that possible bankruptcy of Hertz over in the United States? Traffic levels are very low according to various sources and so one expects accidents are low?

[cokehookerscars] 03/3/2020 00:53

I think a new thread name is needed !

[rental] 02/3/2020 22:50

Crazy situation,
No one knows the correct market cap
And many other key figures

I will have have to wait before buying in.

[zangdook] 28/2/2020 12:22

Hey lads, they've changed the code back to REDD. Time to head back to the old board

[zangdook] 28/2/2020 11:46

Very strange - iWeb is showing the price as 105 and won't let me trade. Nearly gave me a heart attack.

[rental] 27/2/2020 14:17

having held 2.9 percent of helphire some years ago and dealings with northgate who i found hard work in the old days, are things going to change here now,

is it worth a large punt now, I done very well out of helphire a few years back,

Also own a vehicle rental company myself and van dealerships and know the industry well.

what is the correct market cap here now please.

[largeronald] 25/2/2020 15:09

Doesn't look like there's many shorts being settled...

[cokehookerscars] 25/2/2020 10:36

Gutted I bought into their growth story.
Down considerably on my stake :-(

[tr200g] 25/2/2020 09:35

Sphere-that's a little wrong. Shorters have been very active since January, shorting NTG buying REDD and locking in the spread for an almost risk free trade (exc NTG getting bid for). This short will close when they settle the short with the new NTG stock

I think the deal makes both companies less risky overall and looks pretty attractive. I've bought in post-deal

[prokartace] 25/2/2020 07:14

Does anyone know the per share net debt figure in the combined company?

[sphere25] 24/2/2020 16:42

Posted the disappointment on the REDD board when this merger news was announced. REDD standalone had strong recovery prospects. The merger is an absolutely reckless move by REDD directors and major shareholders who approved the deal.

Alot of funds have sniffed the same and shorts are crawling all over this significantly higher risk proposition now. Short position has more than doubled (now 8.4%) only recently! That is a statement itself.

[blobby] 24/2/2020 16:05

Well there are advantages... one less CEO for example.

[zangdook] 24/2/2020 14:54

So Redde shareholders got 0.3669 NTG per REDD share. NTG is trading at 265, which is just over 97p per old REDD share. But REDD was trading at 105 on Friday.

NTG shareholders get an interim dividend in January and a final in September. REDD shareholders got dividends in March and September. So this year, original NTG holders will get both dividends, but REDD holders will get only one.

I can't avoid the feeling that the management have no respect at all for shareholders.

[blobby] 24/2/2020 11:22

Transfer back from Redde.

[cokehookerscars] 14/2/2020 16:00

Oh yes I recall reading about that now.

[cwa1] 14/2/2020 12:55

14 February 2020

RECOMMED ALL-SHARE MERGER OF

NORTHGATE PLC

and

REDDE PLC

ANNOUNCEMENT OF SRA APPROVAL

Northgate plc (Northgate) is pleased to announce that the SRA has given the requisite approval for the recommended all-share merger of Northgate and Redde plc (Redde) (the Merger) to proceed, thereby satisfying all of the Conditions to the Merger relating to regulatory approvals.

The Merger remains subject to the satisfaction or, where applicable, waiver of certain remaining Conditions, including the sanction of the Scheme by the Court.

As announced today by Redde, the Court hearing to sanction the Scheme is expected to take place on 20 February 2020 and the Scheme is expected to become effective on 21 February 2020 with Admission of the New Northgate Shares occurring at 8 a.m. on 24 February 2020.

[cokehookerscars] 14/2/2020 10:25

Any insider buying at this level ?

[cokehookerscars] 14/2/2020 10:24

It certainly feels like we've been shafted.
Feel like a tool as I wasn't that enamoured with this company when a mate kept banging on about how good it was. I almost flipped a coin to decide whether to invest or not.
Schoolboy error.
My fault entirely of course.

[rustyspanner] 24/1/2020 08:05

Share price down but Stockopedia show this as bullish. Anyone able to explain that to a new kid on the block?

[vincentlouise] 23/1/2020 08:35

Falling like a stone , shafted northgate Shareholders am out