Redde Northgate Share Discussion Threads

[wbodger] 15/1/2020 15:24

No Effective Date announcement. We won't really know what support the merger has until the new NTG shares start trading.

[skinny] 15/1/2020 15:04

All a bit academic really!

[zangdook] 15/1/2020 15:04

82.08% of voting shareholders, 90.36% (90.30% in the other meeting) of voted shares.

[toffeeman] 15/1/2020 14:57

The 80/90% are number of shares not shareholders!

Long haul (pardon the pun) from now methinks

[skinny] 15/1/2020 14:56

Yes - a shame - I've been in these since HHR @5.6p and have enjoyed the ride.

[zangdook] 15/1/2020 14:55

Well all I can say is I hope some of the 80 or 90% who thought it was such a great deal buy some more stock and push the price a little higher so I can get my money back.

[zangdook] 15/1/2020 14:46

Approval from Northgate, but that's not a huge surprise.

Edit - oh, I see they reckon it was approved by Redde too. But no announcement yet.

[skinny] 15/1/2020 14:45

Hmmmmm.

.

Northgate and Redde merger gains Northgate Shareholder approval

The Northgate Board is pleased to announce that the resolutions proposed at the Northgate General Meeting held on 15 January 2020, seeking approval for the recommended all-share merger of Northgate and Redde (the Merger), the change of name of Northgate from completion of the Merger, the adoption of the Northgate Value Creation Plan (the VCP) from completion of the Merger and the approval of the amended directors' remuneration policy from completion of the Merger, as described in the circular to Northgate Shareholders dated 12 December 2019 (the Circular), were duly passed by shareholders.

The Northgate Board is also pleased that the Merger has been approved by Redde Shareholders at the Redde shareholder meetings earlier today. The Merger remains subject to the satisfaction of certain Conditions, including the requisite approvals of the FCA and the SRA, and is expected to complete by the end of Q1 2020.

[blobby] 15/1/2020 14:11

It does seem to be a long meeting. However I'd expect some sort of price movement if it was not going to plan.

[largeronald] 15/1/2020 13:39

Nothing on the Redde website as at 2 minutes ago.

[aleman] 15/1/2020 12:46

No sign of our vote result then. Meeting started 10:15. I note the NTG share price continues to ease.

[blobby] 14/1/2020 11:39

Decision day tomorrow (15 January 2020)

[ricatcoatham] 13/1/2020 14:04

It depends on when you bought. It either went up then down or it continued on it's downward trajectory. It doesn't pay to take your eye off the ball with these AIM shares.
All the info is there in the REDD rns's

[computercoders] 09/1/2020 22:26

Just realised I hold these in an old SIPP I didn't realise I had. At 140p though! What's happened to the price anyone?

[largeronald] 09/1/2020 16:39

Not sure if a date has been set yet. Supposed to be "shareholder meetings" in January?

[afpk53] 09/1/2020 16:14

Please could someone give me the date of the meeting that is going to decide whether there will be a merger or not? Thanks

[bobin37] 06/1/2020 10:14

Aleman. 👍

[aleman] 06/1/2020 09:47

No. Bobin37. 0.3669 of a NTG share that you will receive for each REDD share has a trading value of around 115p - so a touch higher than the current value of each REDD share that it will replace. That's IF the deal succeeds. It seems pretty unpopular with small REDD shareholders so could maybe get voted down. I'm hoping it will fail. The very latest news on Iran, weakening US auto sales, and touted retaliation from the EU if Trump imposes tariffs on French imports suggest a deteriorating economic background for NTG.

[bobin37] 06/1/2020 08:51

Thanks zangdook. I hear what you are saying... my concern is when the merger is agreed, there was mention for each Redde share will be 0.42 or whatever they said that we will have less than half of what we had therefore reducing their value drastically based in the current share value... that’s an awful lot to loose!
If only I had a crystal ball.

[zangdook] 06/1/2020 05:30

My personal opinion (which may be entirely mistaken) is that the merger, if it goes ahead, is unlikely to make the shares crash from here; the problem is that it will make it less likely that they will recover towards the levels they were at a year ago.
Please step in and disagree if I'm missing something.

[bobin37] 05/1/2020 17:22

Thank you Toffeeman. The shares belonged to my Dad who passed away last year so knowing what to do for the best... it’s a shame they crashed early part of last year... and the dividends pay quite nicely too.
I don’t want to hold on in the hope of them increasing for them only to crash n the merger...
I wish my dad was still here to decide.

[toffeeman] 05/1/2020 15:33

Northgate is a van crash - so we will be worse off. If I was in profit I would sell now. (I know the logic!)