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REDD Redde Northgate Plc

429.50
0.00 (0.00%)
12 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Redde Northgate Plc LSE:REDD London Ordinary Share GB00B41H7391 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 429.50 429.00 430.00 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Passenger Car Rental 1.49B 139.24M 0.6141 6.94 973.85M

Redde Northgate Share Discussion Threads

Showing 3976 to 3995 of 4900 messages
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DateSubjectAuthorDiscuss
30/9/2019
11:41
Head 'n Shoulders alert!!!

Soon as it breaks the right shoulder line it's going to be crash city here.

80p target cumming up!!!

ltcm1
19/9/2019
13:18
luveley jubbly
rogthepodge
19/9/2019
12:58
No target price. But another snippet...

"Cash flow: We forecast a significant improvement in FCF at Redde over the next three years. We currently see the group returning to a net cash position in 2022E as working capital unwinds, and the greater investment in the fleet of 2019 decreases.

It is worth noting that if we take the past 4 years, and the next 3 forecast years, the group will have generated just under £230m of FCF, or around 60% of its current market cap (an average yield of over 8%). Dividend cover is improving, and we believe that if the market is not willing to appreciate the double-digit dividend yield, the company should look to use its strengthening cash flow for further in-fill acquisitions (especially considering the success of the legal-operations deals), and/or look to buy back stock at these levels – which would be highly accretive."

someuwin
19/9/2019
11:13
Does Cenkos have a price target?
rogthepodge
19/9/2019
10:49
Cenkos 22 page note out on Redde today with BUY reccomendation...

Redde Plc

Cash flow improvement creates opportunity

Redde’s full-year statement in September has given significant reassurance to the market, and helped the stock regain upward momentum. Earnings-based valuations and the yield remain attractive, while there is clear potential for improved cash flow to fuel further bolt-on acquisitions in what has been a consolidating sector over recent years...

someuwin
18/9/2019
16:16
Redde’s annual general meeting will take place at 10.00 a.m. on Wednesday 30 October 2019 at the offices of Bryan Cave Leighton Paisner LLP, Adelaide House, London Bridge, London, EC4R 9HA.
skinny
18/9/2019
00:14
Whatever trading is going on, it doesn't alter the fundamental value in this company.Proper price will re-emerge.
rogthepodge
17/9/2019
21:05
Thanks Skinny
ted1066
17/9/2019
07:45
What would we do without scanners :-)
knigel
17/9/2019
07:32
Ted - its the info in the circles that you should be looking at :-
skinny
16/9/2019
23:26
That is the amount in issue
bc4
16/9/2019
21:07
Can anyone explain why the last 4 holdings statements amount to the same figure = 306,706,045 ???
ted1066
16/9/2019
18:45
probably worth 180p. That wasn't the first time it had let a less profitable contract go to a mug competitor. And Woodford's predicament has resulted in forced selling which obviously restrained recovery.
rogthepodge
16/9/2019
18:33
Added a few to-day. One contract caused the drop, some consistent buying.
jackdaw4243
16/9/2019
10:16
Current price 126.2p.

Take two at the breakout.

Sellers came in the afternoon on Friday to prevent the breakout. Let's see if it can hold the breakout this time or whether they bash it back down again.

CLOSING UPDATE

Closed at 127.6. Significant move and breakout confirmed today. We had a tease on Friday where it came back, but it has broken out convincingly today.

sphere25
14/9/2019
07:26
The only reason I was asking at the last trading update you were a bit wary of Woodford
bc4
13/9/2019
23:43
Very sensible
rogthepodge
13/9/2019
19:30
Toffeeman are you invested in REDDE ?
bc4
13/9/2019
17:09
weekly close above 120p looks positive
rogthepodge
13/9/2019
16:55
I suspect the majority of Woodford stock has been placed. That 50m volume day hasn't been explained by the recent holding statements. He might still have some to go, but we can see the dynamic with a couple of funds buying and a couple selling.

The stock was moving well and looked like breaking out in the afternoon, but sellers came and hit the book at 124 down to a close of 122.4. So despite breaking that 120 area where I have noted regular sellers, it still hasn't broken out in a convincing manner.

Next week will be pivotal. It either cracks on and breaks out of the very apparent range or it just falls back into it and faffs about for abit.

sphere25
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