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REDD Redde Northgate Plc

382.50
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Redde Northgate Investors - REDD

Redde Northgate Investors - REDD

Share Name Share Symbol Market Stock Type
Redde Northgate Plc REDD London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 382.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
382.50
more quote information »
Industry Sector
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Top Investor Posts

Top Posts
Posted at 09/2/2024 15:20 by eigthwonder
Management hosted institutional investors a few weeks back I think; hardly neglecting their obligations.
Posted at 12/12/2023 11:14 by zho
Yesterday's IMC presentation now online at
Posted at 07/12/2023 08:09 by skinny
For anyone interested :-
Posted at 15/10/2023 17:25 by zho
Well spotted.

Midas verdict: Ward and Vincent spent £260,000 of their own money buying shares last month. Their decision makes sense. At £3.17, Redde Northgate shares trade more like a stock in trouble than a business in growth mode. That is undeserved and should change as Ward takes the firm forward and investors gain confidence in his ability to deliver. In the meantime, Redde Northgate is offering a dividend yield of more than 7 per cent. Time to buy.
Posted at 25/7/2023 18:19 by strollingmolby
From the recent Investor Meet webinar I made a note that REDD has various debt maturities (6, 8, 10 year) at 1.3%, starting in 2027. 62% of the debt is on a fixed rate.

I got the sense that the Board is well aware of interest rate risks and loan maturity cliffs so have a very good handle on this.

They mentioned they have £290m of headroom currently as well.
Posted at 17/5/2023 15:30 by zho
Yes, tomorrow:
Posted at 07/12/2022 12:18 by zho
You've probably already seen that the 8 analysts covering REDD have an average eps forecast of 49p to 4/23. This page should be updated as and when forecasts are changed.
Posted at 01/9/2022 11:40 by skinny
Slightly misleading :-
Posted at 07/7/2022 09:38 by rental
Nope you still don’t get it,

The impact on todays profit today is still there, like 10 fold normal profit

The vehicles have not deprecated at all in last 18 months, but redd have been writing them down still at normal levels up and to may22,
Therefore because the vehicle real worth have actually gone up there are maybe worth £10k each over todays write down figure,

They should have halted writing down vehicles last July 21 but they didn’t,
Which means the massive accounts profit is to come and now, and over the next 2 and 3 years on disposals

What redd are Saying is Rental turnover without the diposoals took into consideration will show as higher profit now as the write down is less.

It’s all win win whatever,
And Redd are sitting on a goldmine of profit to release as they sell vehicles after the rental life.

Watch the share price rise when investors start asking the question
“””; how much are the vehicles worth today over the written down value”””
Maybe 1 billiion than the written down value on 100000 vehicles, which all could this extra profit could be released over the next 18 months with ease,

Just look at the accounts of someone like Scot Group who have been selling their ex rentals at 6 to 12 months old.
Posted at 01/4/2022 11:55 by zho
The REDD website now shows consensus eps to 4/2022 increased from 38.6p to 48.6p, and to 4/2023 from 45.5p to 46.8p.

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