Redde Northgate Share Discussion Threads

[bc4] 16/8/2017 10:23

Well there has certainly been a bounce from last weeks sudden drop

[bc4] 14/8/2017 08:58

First week in Sept probably on the 6/7

[fizzypop] 14/8/2017 08:04

WheelieDealer comments:

ShareScope says REDD might have Results on Friday 15th September but it is marked as ‘unconfirmed’.

hxxp://wheeliedealer.weebly.com/blog/tell-it-to-the-judge-weekend-chart-squinting

[bc4] 11/8/2017 17:59

REDDE divi cover will always be 1x because it pays all profits out in divis it can do this because it has net debt of only 13 million pounds ie fleet debt of 47 mil and 33 mil cash and no bank borrowings which for a company of this size is unbelievable so if REDDE just maintains its divi at 5.15p it will yielding over 7% not bad really,I ask can you get better?

[immokalee] 11/8/2017 17:43

Yep, one persons opinion but the conclusion is from the data. I have no time to try calling the market one way or another, it's a waste of time, if it happens it happens, my job is to make sure I'm best placed as I can be in relation to my risk and timescale.

[toyin] 11/8/2017 17:23

immokalee

Yes, but it is of little value to me, it is one persons view. The data is the important bit.

All the best.

[immokalee] 11/8/2017 17:15

Interesting reading, I presume you read the conclusion.

[toyin] 11/8/2017 16:32

immokalee

Read this for starters.

All the best

[immokalee] 11/8/2017 16:23

It's a fact for sure no-one has a crystal ball. Not sure I agree we are long overdue bull market, don't have that insight and don't know anyone that does. We are just over 8 year into this one with an overall avg of around 9 years.. anything from 2yrs to over 15 yrs. Possibly this US/Korea fiasco will bring about a correction.. who knows. I have revisited REDD forecasts and will have to wait on results as there is nothing to show any nasties at this stage.

[toyin] 11/8/2017 15:44

immokalee

I take it from broker forecasts and results and interims. Like you said I could be right I could be wrong. I just see limited upside compared to downside and since the 29/6 its gone from 163 to 144. I also agree with capricious71, the overall market is going to get messy.

All the best

[capricious71] 11/8/2017 12:23

Most of the world markets are down right now not just Redde.
We're long overdue a bear market anyway.

[odsjp] 11/8/2017 11:12

From the Money obvserver
[...]

Motoring ahead - Redde

When your car breaks down or you're involved in an accident, a few things are crucial in rectifying your situation: you need to get the car fixed and pay any legal or medical expenses that may need covering. You also need a replacement car for the interim. Redde (REDD) assists the insurers with some of these jobs - running fleets of courtesy cars and operating repair garages.

The business - around £450 million in size - is proving to be a success: increasing market share, which in turn is resulting in strong earnings growth and dividend growth. Currently it's yielding 6.6%.

[immokalee] 11/8/2017 10:20

What is your forward looking data source or you are taking it from your interpretation of the language in the last RNS, which could be 'correct or incorrect' (your own words) ?

[fizzypop] 11/8/2017 10:17

toyin is correct. EPS=divi.

[toyin] 11/8/2017 09:46

immokalee

Read my post again. The growth is slowing by 2018 there will not be enough free cash to pay the divy so its either cut the divy or pay with debt. Like I said in an earlier post the language in the last update changed that's when I got out. Good luck to holders but I just don't see it. If it changes I will be back in because it is a well run company.

All the best

[immokalee] 11/8/2017 09:36

toyin, what are you talking about?

[pistonbroke1] 11/8/2017 09:34

Well its oversold now so I expect some kind of bounce from here even if only temporary.

[toyin] 11/8/2017 09:20

leechan

What are you on about. Where is the growth and the div cover is 1 and drops to .97 in 2018! This is why the share is dropping.

All the best

[sphere25] 11/8/2017 09:19

This is great! About time we had some value in the market. Hard to find much!

I have eps pencilled in of 10.65 for new financial year so at 137, now trading under 13x

Got some options hitting the market and the fund manglers have the algos programmed to jump on board the trend and give away their stock on the cheap too.

Just need a few more to capitulate now. This stock has a tendency to lurch down, then when the sellers have capitulated, it lurches back up just as quick (look at the chart). You won't be able to buy in size once it turns.

Looking to buy a few more down here, hopefully get them even cheaper. Always hard to find the bottom. Sit on them and we'll see where we are after the results in early September. Fundamentals were intact so this all looks irrational!

Fear v Greed ;-)

[leechan] 11/8/2017 08:49

Fair value is somewhere around c. £1.75 - given the strong balance sheet and sustainable earning and growth potential.

[fizzypop] 11/8/2017 08:46

And we have 140p.

[leechan] 11/8/2017 08:26

P/E currently at 14.5 - based on consensus forecast eps for 2017 of 9.9p

Now yielding over 7% - happy to hold

[pistonbroke1] 11/8/2017 08:14

138 looks on the cards now.

[pistonbroke1] 10/8/2017 15:58

This decline started after the last really bland trading update. The P/E is still 17 even at this price so it really does need a new stimulus to get things going again.