Redde Northgate Share Discussion Threads

[pj fozzie] 26/4/2024 17:31

Assuming we shareholders get to vote on this, I will be voting against. Stupid idea - see how well it went for ABRDN!

[eigthwonder] 26/4/2024 17:21

Valuation means it's probably not a sell, but a stunt like this suggests (i) they have run out of ideas with the business, or (ii) they have a monster idea to go off piste (remember Halfords!) and this is a good way of teeing us up. Not sure I like the implications behind either.

[deanowls] 26/4/2024 16:34

Price went up!

[skinny] 26/4/2024 14:03

I resemble that remark....

[rcturner2] 26/4/2024 13:59

I think though if you sell REDD you are selling a value share that is still pretty cheap in my book. I have run over the numbers today and it is still a long term hold for me. Decent dividend, low PE etc.

I don't think we are the target market for rebranding exercises, you have to acknowledge that we are (mostly) old farts who know nothing about these things.

[skinny] 26/4/2024 12:46

A bit like British Airways.....

[fenners66] 26/4/2024 12:42

riverman77 - it does , but in that case what's the point.
It can only lead to further costs later.
Above all , zero explanation of the point so no direction.
Tells us far more about the quality of the board than anything else.

[riverman77] 26/4/2024 12:39

Sounds like it's just the plc name that will be changed, so hopefully will not require a wide scale rebranding of all their vans, websites, paperwork, etc.

[eigthwonder] 26/4/2024 08:44

struggling to embrace the change on this one

[1pvh] 26/4/2024 07:57

Keeping the operating brand names

[owenski] 26/4/2024 07:55

Brand name.... Zigup... Really???

What was wrong with Redde.

[skinny] 26/4/2024 07:53

Worked well for ABDN - not.

[meanreverter] 26/4/2024 07:52

Every good name has already been registered by another company; what remains are the poor names. For this reason, it is better to keep your old name — unless it is really an embarrassment. “Zigup”? Hmm ....

[greyingsurfer] 26/4/2024 07:50

How much did they pay consultants to drag that one up?

[rcturner2] 26/4/2024 07:41

I had a quick look at the Trade Mark registry and they first filed for this name back in 2022, so it's been in the works for a while.

[zho] 26/4/2024 07:39

Proposed change of name to ZIGUP.

"The Board believes that a more modern brand and name reflecting these changes will also help shift the narrative with all our stakeholders towards the strategic direction of travel we set out".

Hmmm.

[deanowls] 20/4/2024 12:36

Nico it should be the aim to have in your portfolio. Below nav. Great divi and business.

[nico115] 20/4/2024 11:34

Is this aim?

[rmillaree] 13/3/2024 18:42

"Redde is already well integrated. It has repair shops for its fleet and doesn't need more."

Its not my idle speculation here - it was reported in the Times that Redde had approached halfords ref merger - so there obviously must be some fuel to the fire here. Redde are expanding their fleet so it could be the case that it would help to meet future demand if there is no obvious imediate need.

I wouldnt discount the possibility that they are happy to take on the cycling store formats if that diversifies their income stream. I would agree though that it wouldnt really make sense them actiavely wanting to go down this route without the benefit simply coming with the motor garages/trade - so i see that as being a bit if a freebie or even associated "nuisance". Prhaps they could even syphon off the non motor trade units perhaps if merger was done ? who knows.

anyway Halfords board rebuffed the offer so it could be idle speculation after all if it amounts to nowt.



hxxps://www.fleetnews.co.uk/news/halfords-targeted-by-redde-northgate-in-14bn-merger

[deanowls] 13/3/2024 18:06

They are still outsourcing a lot of work as per the last report.

[meanreverter] 13/3/2024 17:12

Redde is already well integrated. It has repair shops for its fleet and doesn't need more.