Redde Northgate Dividends - REDD

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Stock Name	Stock Symbol	Market	Stock Type	Stock ISIN	Stock Description
Redde Northgate Plc	REDD	London	Ordinary Share	GB00B41H7391	ORD 50P

	Price Change	Price Change %	Stock Price	Low Price	High Price	Open Price	Close Price	Last Trade
	-5.80	-3.04%	185.20	183.60	194.00	192.20	191.00	16:35:13

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Industry Sector
SUPPORT SERVICES

Redde Northgate REDD Dividends History

Announcement Date	Type	Currency	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
05/09/2019	Final	GBX	6.15	30/06/2018	30/06/2019	03/10/2019	04/10/2019	07/11/2019	11.65
27/02/2019	Interim	GBX	5.5	01/07/2018	31/12/2018	07/03/2019	08/03/2019	28/03/2019	0
13/09/2018	Final	GBX	6.15	30/06/2017	30/06/2018	23/10/2018	24/10/2018	08/11/2018	11.65
01/03/2018	Interim	GBX	5.5	01/07/2017	31/12/2017	08/03/2018	09/03/2018	29/03/2018	0
07/09/2017	Final	GBX	5.6	30/06/2016	30/06/2017	05/10/2017	06/10/2017	02/11/2017	10.6
28/02/2017	Interim	GBX	5	01/07/2016	31/12/2016	09/03/2017	10/03/2017	30/03/2017	0
26/10/2016	Final	GBX	5.15	30/06/2015	30/06/2016	06/10/2016	07/10/2016	03/11/2016	9.65
26/02/2016	Interim	GBX	4.5	01/07/2015	31/12/2015	03/03/2016	04/03/2016	24/03/2016	0
30/09/2015	Final	GBX	4.25	30/06/2014	30/06/2015	08/10/2015	09/10/2015	05/11/2015	8.25
29/06/2015	Special	GBX	1	30/06/2014	30/06/2015	09/07/2015	10/07/2015	30/07/2015	0
26/02/2015	Interim	GBX	4	01/07/2014	31/12/2014	05/03/2015	06/03/2015	26/03/2015	0
27/02/2014	Interim	GBX	0.5	01/07/2013	31/12/2013	05/03/2014	07/03/2014	27/03/2014	3.35
05/12/2013	Interim	GBX	1.7	01/07/2013	31/12/2013	11/12/2013	13/12/2013	10/01/2014	0
27/09/2013	Interim	GBX	1.1	01/07/2013	31/12/2013	09/10/2013	11/10/2013	25/10/2013	0
20/06/2013	Special	GBX	0.165	30/06/2012	30/06/2013	10/07/2013	12/07/2013	25/07/2013	0.165
23/09/2008	Final	GBX	5.8	30/06/2007	30/06/2008	29/10/2008	31/10/2008	05/12/2008	12.3
29/02/2008	Interim	GBX	6.5	01/07/2007	31/12/2007	26/03/2008	28/03/2008	01/05/2008	0
25/09/2007	Final	GBX	5.8	30/06/2006	30/06/2007	24/10/2007	26/10/2007	05/12/2007	11
20/03/2007	Interim	GBX	5.2	01/07/2006	31/12/2006	28/03/2007	30/03/2007	01/05/2007	0
11/09/2006	Final	GBX	4	30/06/2005	30/06/2006	25/10/2006	27/10/2006	23/11/2006	10
13/06/2006	Interim	GBX	3	01/10/2005	31/03/2006	21/06/2006	23/06/2006	19/09/2006	0
05/12/2005	Interim	GBX	3	30/03/2005	30/09/2005	14/12/2005	16/12/2005	08/02/2006	0
14/06/2005	Final	GBX	3.7	31/03/2004	31/03/2005	22/06/2005	24/06/2005	15/09/2005	6
08/12/2004	Interim	GBX	2.3	30/03/2004	30/09/2004	15/12/2004	17/12/2004	08/02/2005	0
14/06/2004	Final	GBX	2.5	31/03/2003	31/03/2004	23/06/2004	25/06/2004	15/09/2004	4.5
01/12/2003	Interim	GBX	2	30/03/2003	30/09/2003	10/12/2003	12/12/2003	12/01/2004	0
09/06/2003	Final	GBX	1.5	31/03/2002	31/03/2003	18/06/2003	20/06/2003	10/09/2003	1.5
17/05/2000	Final	GBX	0.43	31/03/1999	31/03/2000	30/05/2000	05/06/2000	12/08/2000	0.66
17/05/1999	Final	GBX	1.5	31/03/1998	31/03/1999	24/05/1999	28/05/1999	07/07/1999	2.3
18/11/1998	Interim	GBX	0.8	30/03/1998	30/09/1998	30/11/1998	04/12/1998	10/02/1999	0
19/05/1998	Final	GBX	0.8	31/03/1997	31/03/1998	26/05/1998	01/06/1998	22/07/1998	1.2

Top Dividend Posts

Date	Subject
11/3/2020 13:21	largeronald: Share price over 50% down since this merger was announced, and that doesn't include the lost dividend. I hope the management team are congratulating themselves whilst spending their well-deserved hard earned bonuses this year. Read Full Thread Follow Reply
06/1/2020 09:47	aleman: No. Bobin37. 0.3669 of a NTG share that you will receive for each REDD share has a trading value of around 115p - so a touch higher than the current value of each REDD share that it will replace. That's IF the deal succeeds. It seems pretty unpopular with small REDD shareholders so could maybe get voted down. I'm hoping it will fail. The very latest news on Iran, weakening US auto sales, and touted retaliation from the EU if Trump imposes tariffs on French imports suggest a deteriorating economic background for NTG. Read Full Thread Follow Reply
12/12/2019 14:41	aleman: A very cyclical company buying one which is not very cyclical at the top of the cycle IS a sensible business decision for NTG holders - but NOT for REDD holders. It might be a merger but legally it's an all-share bid by NTG for REDD. The discount in REDD shares indicates scepticism. Historically, all share bids have a lower chance of success. Shareholders prefer cash and all the paper indicates lack of confidence or ability to raise any cash by the bidder. It smacks of desperation. I have cash available and was considering topping up in REDD before the bid news broke. Now I'm holding off. I don't want NTG shares at anywhere near their current price. I might still top up in REDD at these levels if the bid fails. In my view, the worrying NTG bid is depressing the REDD price. A few like yourself will arbitrage the difference. You might be successful - but I will be voting no. Read Full Thread Follow Reply
11/12/2019 13:45	aleman: What makes you confident it will go ahead when the share price reaction seems to suggest scepticism and shares pledged in support amount to an underwhelming 1.2% of REDDE and 0.05% of NTG? Read Full Thread Follow Reply
11/12/2019 10:49	aleman: NTG currently 307.75p. Therefore, the bid value is 112.9p. Even add in a 5.5p dividend if the deal is slow to complete, which is far from certain, and the share price is about 4p short. There seems to be plenty of doubt about the bid succeeding. (I still think the uncertainty about whether or not we are supposed to get the dividend is highly unusual and indicates muddled thinking.) I'll be voting no. Read Full Thread Follow Reply
03/12/2019 11:40	prokartace: The thing i don't understand is why Redde is at a 10% discount to the combined share price 300p on Northgate implys 110p on Redde Read Full Thread Follow Reply
29/11/2019 17:47	aleman: IC review NTG results and move from BUY to HOLD. Says it all really. Those results might normally be worth a 10% price drop. Hire revenue growth is expected to weaken but the key is that a more subdued outlook usually means weaker resale values, and resale is where vehicle hire companies make most of their money after massive discounts on fleet sales purchases (Buy new at 40% off list price and sell in 12 months at 30% off list price). NTG looks to be at the top of its cycle, though lower fleet purchasing enhances cashflow (more sold and fewer bought) which will tend to push their debt back down again. NTG cashflow should be strong as earnings fall. I don't see it as a good merger for REDD shareholders, though. NTG shareholders will put their share price fall down to the merger news, as probably will some media commentary, but I think it would have happened on those results with no merger news. NTG is past it best in this economic cycle. Vote no to this opportunistic bid to get REDD on temporary weakness caused by an overreaction to one contract loss that has been compounded subsequently by Woodford woes. Https://www.investorschronicle.co.uk/shares/2019/11/29/northgate-looks-to-merge-with-redde/ Read Full Thread Follow Reply
29/11/2019 11:48	aleman: fizzypop - we get 0.3669 NTG shares for each REDD plus a dividend if they do it slowly but not if they do it quickly. It's madness. We're offered two prices. Which will we get? Plus there's whatever variation we get in NTG's share price - which is falling. Seems badly thought out - idiotic even. Read Full Thread Follow Reply
29/11/2019 07:45	gary1966: At current share price it values Reddes shares at around 128p. Read Full Thread Follow Reply
25/10/2019 17:23	bc4: MIDAS SPECIAL: Are there any companies worth backing from the Woodford wreckage? Redde makes life easier for motorists when they are involved in road accidents. Woodford probably thought the firm would make life easier for him too. REDDE The group has contracts with several large insurers and dealerships so, when customers ring up to say they have had an accident, they will be referred straight to Redde Woodford probably thought the firm would make life easier for him too The business has a fleet of more than 10,000 cars and prides itself on top-notch service, providing replacement vehicles from standard hatchbacks to luxury convertibles to ice-cream vans. Redde also works with a network of garages to ensure that repairs are completed quickly and efficiently and it manages claims for insurance firms. Ward works with big companies too, handling damaged fleet cars or vans. And there is a legal division, that covers motor injuries, employer liability and negligence claims. This division works on behalf of insurers but it has some large public-sector customers too, such as the Royal College of Nursing and the British Medical Association Ward did not just put the business back on its feet, he changed the dividend policy so that virtually all the profits are paid out as dividends. In the year to 30 June, Redde paid a dividend of 11.65p, putting the stock on a yield of more than 10 per cent. In most cases, such a high yield rings alarm bells with canny investors but Redde is slightly different because the generous payments are part of a deliberate policy and the board is committed to making sure that there is sufficient cash left in the business for its needs. Redde had a difficult time earlier this year, when it lost a contract with a large insurer and the stock halved from £1.80 to 90p. Other contracts have been won since but these have not been fully reflected in the share price. This presents an opportunity for investors. MIDAS VERDICT: Redde is linked to the Latin word restoration, helping drivers to get back to normal. With the stock at £1.14, the word is relevant to investors as well. Redde is a strong business with an attractive dividend and the shares should move higher. The Woodford stake is large but big investors have been expressing an interest in the stock so the holding should be sold off relatively smoothly This is a very good summing up about REDDE and its business Read Full Thread Follow Reply

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