ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

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 4176 to 4196 of 4900 messages
Chat Pages: Latest  172  171  170  169  168  167  166  165  164  163  162  161  Older
DateSubjectAuthorDiscuss
29/11/2019
10:56
Stuck with these mainly because of the excellent divi they pay. Anyone any idea how this merger is likely to affect that?
largeronald
29/11/2019
10:13
Sold out here
trickyricky
29/11/2019
10:09
Seems Redde shareholders got the better of this arrangement, not strange they had lots of buys recently on the run up to the announcement-I wonder when/what constitutes insider dealing?
new life
29/11/2019
09:35
Very disappointing. NTG has been a serial disappointer and highly mismanaged, leading to shareholder value destruction.Crystal Amber have been trying to enforce change their for a while. Some recent comments here:"In March 2019, for only the second time in its eleven-year history, the Fund judged it necessary to requisition a shareholder general meeting to effect change at the board of an investee company. This followed extensive attempts to engage with Northgate's executive and non-executive directors since the Fund's investment in April 2016. In response to the meeting requisition, Northgate announced the resignation of its chairman, Andrew Page, with immediate effect."Perhaps the future can be brighter but there is a lot of caution in that NTG report today too and they could be setting up for a warning IMO.I had hoped for a standalone recovery at Redde with the the expectation of the stock moving significantly higher from these depressed levels (due to well publicised sellers), not a shoddy merger with an outfit with poor form.Perhaps the directors weren't confident in the recovery then? I still feel we've been shafted here, but still managed to make gains here with numerous trades highlighted here down around 105 recently (posted the other day) as well as posts highlighting buys around £1 too.Ultimately, not happy so realising gains on all the recent positions at much lower levels than I thought.Perhaps it won't go through so will watch from the sidelines. Let's see how it goes
sphere25
29/11/2019
09:12
bc4 Indeed and a nice consolidation at 115p for the same price...
Shame I sold half of my holding yesterday.

alamaison5
29/11/2019
09:11
Still 10p short of the merger price. Market seems sceptical.
aleman
29/11/2019
08:16
Will this flush out anybody else?
bc4
29/11/2019
08:03
Well the NTG share price hasn't reacted well so far, it's also there interim results this morning
trickyricky
29/11/2019
07:45
At current share price it values Reddes shares at around 128p.
gary1966
29/11/2019
07:45
Share price movement today? Would anyone dare speculate?

Don't forget that now are the proud owners of 0.36 NTG share for each REDD we own.
Funny enough, I sold half of my stock yesterday, cashing in a small profit.

alamaison5
29/11/2019
07:34
£10m pa cost savings are expected as per the RNS
donemyhomework2
29/11/2019
07:34
NTG net tangible assets per share of 414p (CoB 350p)
...expect that the Merger will generate pre-tax cost synergies of at least £10 million per annum.
Cross-selling each other's services

carcosa
29/11/2019
07:19
In theory, if it's a merger of equals - absolutely no effect whatsoever.

I can't see a big back office saving.

toffeeman
29/11/2019
07:16
Hmm, not sure what to make of this. NTG have too much debt for my liking?What impact will this announcement have on the REDD share price?
trickyricky
29/11/2019
07:05
.

RECOMMENDED ALL-SHARE MERGER
of
NORTHGATE PLC
and
REDDE PLC

Summary

· The Boards of Northgate plc ("Northgate") and Redde plc ("Redde") are pleased to announce that they have reached agreement on the terms of a recommended share-for-share merger of Northgate and Redde (the "Merger"). It is intended that the Merger will be implemented by means of a Court-sanctioned scheme of arrangement of Redde and the Redde Shareholders under Part 26 of the Companies Act, with the entire issued and to be issued share capital of Redde being acquired by Northgate.

· The merged entity, to be called "Redde Northgate plc", will be a leading integrated mobility solutions platform with the scale, reach and resources to provide customers with a comprehensive suite of mobility services and the potential to deliver substantial benefits to shareholders, customers, employees and other stakeholders.

· The Boards of Northgate and Redde believe that the Merger has compelling strategic logic and represents an attractive opportunity for both Northgate and Redde to enhance their proposition in the vehicle life-cycle and to deliver synergies, customer benefits and shareholder value.

The Merger

· Under the terms of the Merger, each Redde Shareholder will be entitled to receive:

0.3669 New Northgate Shares for each Redde Share

· Immediately following Completion, Northgate Shareholders will own approximately 54 per cent. and Redde Shareholders will own approximately 46 per cent. of the share capital of the Combined Group (based on the fully diluted ordinary issued share capital of Northgate and the fully diluted share capital of Redde, in each case as at the date of this announcement).

skinny
29/11/2019
07:04
Bloody el! where did that come from!?
toffeeman
28/11/2019
14:52
That's a large opening position. Very encouraging.
anothercoffee
28/11/2019
12:36
I assume this is a new position as there is no previous notification (unless they held less than 3%) ?
skinny
28/11/2019
09:57
Interesting little move higher this morning. It's trying to move higher folks. Just have to wait and see if all the lines of stock have now been placed at 105.
sphere25
27/11/2019
10:54
Likely that link(Woodford's stake ) have dumped their holding today.
miti 1000
27/11/2019
10:14
Also there will be a end of year trading update in just under 3 weeks,46 million shares traded is over 15% of REDDE
bc4
Chat Pages: Latest  172  171  170  169  168  167  166  165  164  163  162  161  Older

Your Recent History

Delayed Upgrade Clock