Redde Northgate Share Discussion Threads

[rogthepodge] 04/10/2019 15:43

maybe market does not believe it, but it's been doing it for years and nothing has changed! Apart from the Woodford factor. Must be a takeover possibility at this absurd level.

[bc4] 04/10/2019 13:51

Well the shares hit 129p recently after full/year results so it seems a bit odd at these levels REDDE could be takeover material

[fizzypop] 04/10/2019 12:42

Topped up at 101p
GLA

[davr0s] 03/10/2019 19:33

So market doesn't believe it's going to happen

[davr0s] 03/10/2019 19:33

Yeah that normally signals that it's in the "too good to be true" category

[fizzypop] 03/10/2019 19:29

Stating the obvious at 100p the annual yield is 11.65%

[jam2day] 03/10/2019 11:54

Stand corrected - missed last sentence below

Dividends

The Board is pleased to propose an unchanged final dividend of 6.15p per share, which if approved at the Annual General Meeting to be held on Wednesday 30 October 2019 will be paid on Thursday 7 November 2019 to those shareholders on the register at the close of business on Friday 4 October 2019. The shares will become ex-dividend on Thursday 3 October 2019.

[bc4] 03/10/2019 11:52

Ex divi always Thursday for nearly all shares in uk

[zangdook] 03/10/2019 11:50

It's worse than xd. Perhaps it'll recover by teatime. A bit cheap now.

[fenners66] 03/10/2019 11:38

How can you get the xd day so wrong jam2day ?

[toffeeman] 03/10/2019 10:34

My diary says today is Oct 3rd!

[sailing john] 03/10/2019 10:27

No XD today. From Results "The shares will become ex-dividend on Thursday 3 October 2019."

[jam2day] 03/10/2019 10:11

No ! ex div date 4th close of business Ex div effect on Monday

[owenski] 03/10/2019 09:27

XD price dip.

[aleman] 01/10/2019 10:28

I've never seen a share ignore its 200-day average so much.

[ltcm1] 01/10/2019 09:56

It's a very dangerous chart here though.

Sorry but with Invesco and Woodford holding so much stock here the chance of a downside shock is really high.

[sailing john] 30/9/2019 13:36

ltcm - If you want a head and shoulders pattern - look at July/August and where price went in September!!!
Perhaps twins are needed!!!!!!

[ltcm1] 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!!!

[rogthepodge] 19/9/2019 13:18

luveley jubbly

[someuwin] 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."

[rogthepodge] 19/9/2019 11:13

Does Cenkos have a price target?

[someuwin] 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...