Redde Northgate Share Discussion Threads

[fizzypop] 09/11/2017 13:26

160p but will we close above today?

[w1ndjammer] 08/11/2017 14:55

I am thinking we will clear 180p this time looking at the chart the
highs are getting higher. Maybe 200p intraday settling at 190 before a pull back.

WJ.

[capricious71] 08/11/2017 13:09

Will feel more comfortable when it breaches 160p but it does seem to be doing what it has before. :)

[fizzypop] 08/11/2017 12:17

bc4 - true. As posted above a reasonable increase in the divi of 10% would result in a forecast yield of 7.7%. As a LTH my actual yield is 14.5% this financial year with a forecast of 15.95% for next.

[bc4] 08/11/2017 12:08

Well if you think about it with profits growing strongly for the last 3 years or more every time it drops to 150p in theory it becomes more of a bargain with a bigger yield so it might be that the floor shifts higher

[drsous] 08/11/2017 12:06

good trading share this.on the way up to 180

[silverfern] 08/11/2017 12:03

I normally buy in at 160p on the way up. I am therefore somebody else's supporting level :)

[capricious71] 08/11/2017 11:22

Sphere25 - I hope you're right. It seems to have started an upward trend again. 180p would be super.

[sphere25] 08/11/2017 10:43

Time to start buying here again folks imo.

As per below, algos all programmed to follow a trend. Sell into the spikes up around 180 and buy down here when the chart is consolidating and looking to turn up as it is now.

Just need abit of volume now and it's definitely a trend reversal. Next update about a month away, should be strong.

Sphere - long


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Sphere25 - 16 Aug 2017 - 14:27:10 - 2832 of 2911 Redde plc - accident 'restoration' activities - REDD
Up at 156 now and looking strong! Laavly Jaably!

And not so long ago, things were looking rather glum.

See how fickle the market is.




Sphere25
11 Aug '17 - 17:19 - 2825 of 2831 0 0 Edit

In terms of REDD, the book was as strong as I have seen it in a while. Large icebergs hitting the book and recovered a fall from 136 to close at 145. Missed the bottom at 136 and added at 140. Abit of volume on Monday and we could see an oversold bounce.

Market is a fickle beast, the algos will switch and go other way on a turn of a coin. Have to buy when it feels the most uncomfortable, like this morning. With how out of favour this stock is, only need a half decent report now and the stock will rally.

[fizzypop] 08/11/2017 10:12

Looking stronger by the day with 150p the low point.
180p for Christmas anyone?

[pistonbroke1] 03/11/2017 08:47

Bit disappointed we didn't see a bigger bounce yesterday with divi money being invested. If 150 fails I think we could see 140 or even 138 which would be double bottom from June 2016

[fizzypop] 02/11/2017 09:38

Last few days opens high and sold down during the day so someone is offloading stock.
An opportunity for the patient.
Anyone buying around 150p will be getting a forecast yield of 7.7% assumimg a divi increase of 10% (cf 11.1% and 8.7% last financial year for interim and final resp.).

[capricious71] 01/11/2017 12:30

Just bought some more. Averaging at 96p.

Saw this from last month:

"JP Morgan Cazenove today reaffirms its overweight investment rating on Redde (LON:REDD) and raised its price target to 197p (from 193p)."

As an aside, does anyone here use Level 2 data?

[fizzypop] 01/11/2017 08:59

Topup at 150p yesterday. Last purchase two years ago but LTH for divis.
Hi to bc4, pistonbroke and others.

[silverfern] 01/11/2017 08:55

I bought more yesterday. Over done and the upcycle will kick in next week

[capricious71] 30/10/2017 21:38

I might buy some tomorrow. Can see it languishing, as it does, for a few weeks yet, then back up to 180 or thereabouts.

Like someone put in a previous message, it's a dream share for a trader.

[silverfern] 30/10/2017 15:58

IT wil be THursday when holders reinvest the dividend . THat will start the climb back for the share price

[bc4] 27/10/2017 10:58

Pay day next Thursday Dividends

Shareholders are being asked today to approve a final dividend of 5.60 pence per share, amounting to £17.0m which, if approved, will be paid on Thursday 2 November 2017 to those shareholders who were on the register at the close of business on Friday 6 October 2017. This dividend, if approved, will result in total Ordinary Dividends in respect of the year ended 30 June 2017 amounting to 10.60 pence per share totalling £32.2m in aggregate and will result in the payment of our twelfth consecutive dividend since June 2013. Payments since that date will amount to £105m representing 38p per share.

[capricious71] 27/10/2017 09:23

Reinvested dividends is why I like this share.

[bc4] 26/10/2017 18:06

Well if the price averages out over the year at 170p and we get 10.6p per year, that is not a bad income for anybody, 38p paid out since 2014, most companies are cutting the dividend, REDDE is increasing theirs with confidence

[rogthepodge] 26/10/2017 17:08

but management's latest share options indicate confidence in rapidly growing earnings

so maybe this is still a growth share, and we could blast through the 180p sound barrier?

[rogthepodge] 26/10/2017 17:06

good move bc4

what's the 'yield' if you combine it with trading the 150 to 180 channel successfully?

45% plus? assuming a six monthly cycle