Redde Northgate Share Discussion Threads

[capricious71] 24/3/2017 15:12

I've been concerned about the sustainability of the dividend for a while. Any reduction won't be well received by the market even if they justify it.

[pistonbroke1] 24/3/2017 12:53

I agree below 140 is a good entry and then the PE will be at about 16.5 which is more realistic. The only thing I'm slightly uneasy about is that they are paying out more money in Divis than the earnings per share which means that they either need to earn more or cut the divi.

[capricious71] 23/3/2017 16:23

Those director sells haven't helped but I'm looking forward to buying a few more and certainly with the dividend. I think if it goes below 140 that's a good entry price.

[donemyhomework2] 23/3/2017 08:04

Good call bc4. I will be be buying today on T10 and use my divis paid to me at the end of the month.

[bc4] 22/3/2017 16:47

146.25p today, could that be the low, yield over 7%, trading update in April, topped up at 147p, we will see tomorrow

[pistonbroke1] 22/3/2017 08:21

Must be getting close to the bottom of this run now,RSI is well oversold. Its either going to be 145 or 138 so don't pull the buy trigger just yet.

[capricious71] 15/3/2017 09:17

140s would seem likely and maybe another good time to buy some more.

[pistonbroke1] 14/3/2017 22:40

Probably going to wait now as it possible we could revisit 140's

[toffeeman] 14/3/2017 08:38

Well we have to something right - sometimes! :)

[capricious71] 14/3/2017 08:26

Good call, for an Everton fan. ;)

[pistonbroke1] 10/3/2017 18:17

Toffeeman it is difficult to call the bottom this time. I sold most of mine after the drop following the interims. They were good but not as sparkling as previous ones and with a high PE ratio it looked likely the drop would continue. Also there was no uplift leading up to the ex Divi date which was also telling. It's no good holding for the divi if the price drops even more. I have missed out on £5K divi but am £15k better off than if I'd held. I shall review when to buy back in depending on next few days movement.

[toffeeman] 10/3/2017 18:10

Well I bought a small number today 154 as a tripple bottom - just hope the bottom doesn't fall out!

Can't see any notifiable short positions and if 140 goes them we're all doomed.

[pistonbroke1] 10/3/2017 16:22

If 155 doesn't hold we could go back to 140.

[donemyhomework2] 09/3/2017 08:50

So its gone x div. today.

[prokartace] 08/3/2017 07:47

This is N+1 Singers comment in their best picks research update:

Redde We were surprised by the somewhat subdued reaction to the excellent interims last week at which we upgraded our earnings estimates by 6% for each of our forecast years. Organic growth continues and the FMG acquisition 18 months ago is still benefitting the group. The yield remains highly attractive and Redde continues to grow the offering to its clients, which will stand it in good stead over the coming years. We suggest topping up at these levels and draw clients’ attention to our current road show.

[capricious71] 03/3/2017 12:24

155 might be another good time to top-up.

[pistonbroke1] 03/3/2017 09:29

On its way to 155 by the looks.

[odsjp] 01/3/2017 11:48

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.

[silverfern] 01/3/2017 11:21

Seems after some topslicing, there is an appetite for the results.

[silverfern] 01/3/2017 08:02

thanks for the posts. Well the new stock options, which is what were sold last time will not vest unless there is a healthy underlying eps. I cut 33% off my holding when the markjet opened yesterday purely because it was top heavy (over 25k shares). IN regard to the announcement for the insurance market this week it was not the GOvernment, it was a judicial statement driven by pre-existing legislation, and the Ministry of Justice saying its hands were tied by that, but it would welcome early moves to bring a Bill to Parliament to enact different rules - in other words it recognised the changes were not helpful too.

[saint or sinner?] 01/3/2017 07:14

"The second half of the year has started well with volumes maintaining the rate of growth seen in the first half and the Group remains well positioned to continue its profitable development."

Happy to continue holding here.

0 ;-D

[woodcutter] 28/2/2017 17:12

silver I've been a holder for quite some time and was heavily invested by my standards. My initial reaction to the results was favourable as i posted. I then began to consider the evaluation and earnings verses dividends and cover etc. Finally the government news this week on claims made me uncomfortable, if the insurers are under cost and profit pressure maybe there'll be more pressure on REDD margins who knows.

I still think there's growth but at what margin and given the rating i began to see it more of an income stock in which case it began to look a little stretched.

As soon as the day went red i sold my entire holding in tranches.

i was a little lucky i guess as it was well timed.

I like the company and i think it has great management and hopefully i'll look again at some point in the future but the chart is pretty negative now imo so i'll watch from the sidelines

woody

[napoleon 14th] 28/2/2017 17:02

Boring profit-taking market as well.

[tday] 28/2/2017 16:36

Also some months ago, two directors sold a significant number of shares. That failed to impress me.