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REDD Redde Northgate Plc

429.50
0.00 (0.00%)
25 Jun 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 6.88 957.98M

Redde Northgate Share Discussion Threads

Showing 4476 to 4497 of 4900 messages
Chat Pages: Latest  184  183  182  181  180  179  178  177  176  175  174  173  Older
DateSubjectAuthorDiscuss
11/5/2021
15:34
Thanks Skinny, I'd missed that.
zho
11/5/2021
15:31
Yes 19th May - Wednesday :-

.

skinny
11/5/2021
15:25
The last two FY TU's were on 14/5/19 and 19/5/20, both Tuesdays, so perhaps we'll get a TU next Tuesday?
zho
09/4/2021
20:11
REDD to replace KAZ in FTSE250 from next Wednesday
zho
06/4/2021
13:12
Indeed and well enough
fenners66
06/4/2021
11:32
Been some nice steady share price increase here of late.Fenners- how you are doing? Assume same person from Ashtead late 90s group with Neil, Glenn, etc?
ttny2004
23/3/2021
15:25
What happened there?
fenners66
18/3/2021
15:45
Yesterday and today are the two highest volume days since July.
zho
17/3/2021
17:24
Volume's keen today
owenski
13/3/2021
08:30
>Convince me someone?
It is rather obviously legal. In the end, however, some companies buy in the shares others issue new shares. The value of shares to shareholders in those companies that buy in the shares is greater.

It is perhaps more of an issue as to having it very clear whether shares are bought in for options or not.

In the end, however, REDD has a book value of perhaps £3.58 so each share bought in adds to the total book value by about 50p. If the shares were at a higher value this calculation would be different.

johnhemming
12/3/2021
21:39
Not only far better, but the only correct way. I'm not sure why issuing shares to pay bonuses is even legal. Convince me someone?

(If they have to buy in shares then Boards will be cautious about giving out bonuses like chocolates at Christmas.)

wbodger
23/2/2021
12:36
Good to see the company buying in to honor the LTIP and future LTIP awards, far better than issuing more stock.
It implies that cash flow is good, so the dividend looks increasingly secure.

flyfisher
21/2/2021
20:07
lifting of restrictions will yield substantially more income for the Redde business. A change from purchase to lease of vehicles will massively improve the balance sheet. Then a re-rating?
tennis123
02/1/2021
15:20
Featured as one of Stockopedia's Top 20 Stocks for 2021
tanneg
15/12/2020
00:31
and the rest, 300p for starters but still way too cheap
purplepelmets
14/12/2020
08:05
Looking good for a run to 300p by end of year
shammytime
08/12/2020
19:40
Transition on course - in line with expectations and Hire side of the business above expectations. Wait until normal post lockdown traffic is here and Redde side of the business will come good. Will take a year bunt heading north of 400p IMO DYOR
greenhat2
08/12/2020
09:45
That's more like it - was worried I'd missed something!
janhar
08/12/2020
08:32
Strange price reaction to positive update
jam2day
08/12/2020
07:41
Martin Ward, CEO of Redde Northgate, commented:"Since our preliminary year end results announcement on 16 September 2020 we have continued to make excellent progress in delivering on our strategy to become the leading integrated mobility solutions provider. Our integration plan has now delivered synergies and permanent cost savings of GBP15.9m run rate savings to date and we fully expect to reach the increased targets we set out of GBP19m in year 2."We have also commenced the integration of FMG RS which broadens our service proposition and capabilities in repairs and, in October, building on Redde's expertise, we launched our accident and incident management product to Northgate customers. We have had a good early response to this and are confident it will be a source of revenue growth for the Group."I have been immensely proud of the way the team has stepped up to ensure we can operate as effectively as possible and deliver our services during these difficult times. COVID-19 continues to impact us all and we remain primarily focussed on ensuring a safe and effective work environment for our employees and safe contact with our customers who require our services. We can clearly see the impact of COVID-19 in this set of results, particularly in Redde where accident volumes were depressed in the first quarter. However, these have significant potential to increase when road traffic volumes and incidents revert back closer to historic norms. Meanwhile, the buoyancy in used vehicle markets, particularly in the UK, has led to higher disposal profits, and the Northgate businesses have also both benefitted from an increase in VOH since year-end such that VOH is now above pre-COVID levels. Recent regional lockdowns and the second national lockdown in the UK have highlighted the need for agility and we continue to keep cost and cash controls in place in order to monitor and manage the business closely. We currently do not expect the impact of these new lockdowns to be as severe as the original national lockdowns in April and May. We are confident on performance in FY2021 and our views on FY2022 will be determined by the exit run rate we see at the end of FY2021."Our cash position has remained strong in the first half with continued good steady state cash generation and free cash flow. We have made good progress with our new capital model for funding vehicles and now have over five hundred vans on contract hire, with substantial LCV contract hire credit lines agreed with lenders and now in place."I am confident that the actions and measures we are taking are already creating value which will be further enhanced as we continue to deliver on our strategic priorities."
janhar
24/11/2020
16:57
I expect that they are paying increased rental rates tho which if passed on at a margin would increase the top line.
deanowls
24/11/2020
14:22
REDD are degreasing the fleet Used van prices up 15-25% on last year which means a huge balance sheet uplift which isn't reflected on the last bs The next set of accounts will show the true picture - I.e. debt being paid down Still plenty of legs especially if it gets into the 250
greenhat2
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