Redde Northgate Share Discussion Threads

[purplepelmets] 01/12/2021 07:08

stunning set of results and a bumped up interim divi of 6p. Very happy indeed. watch the market mark this down on opening - I dare you

[ramellous] 10/11/2021 08:00

This might have had something to do with the drop yesterday.

The monthly increase in goods prices outside of food and energy was 0.5%, which as Ian Shepherdson of Pantheon Macroeconomics pointed out, was the smallest rise since February.

"Core goods inflation, however, looks to be peaking," he said.

"The [year-on-year] rate hit a new high in October, rising to 8.8% from 8.3%, but the three-month-on-three-month measure peaked in July at 12.5% annualised and has since slowed to 8.5%."

Shepherdson said the data was not yet definitive, but was encouraging at the margin.

"Strikingly, new car and truck prices dropped sharply in October, by 0.9% and 1.6% respectively, after big increases over the past six months or so.

[pottsypotts] 09/11/2021 17:06

Announcement of interim results date and they drop 4 percent, what's all that about then

[ramellous] 02/11/2021 14:55

Nov 2.. Jefferies analyst Jaroslaw Pominkiewicz assumes coverage on Redde Northgate PLC (REDD:LN) with a Buy rating and a price target of GBP5.10.

[zho] 02/11/2021 14:24

Well spotted.

This is from yesterday evening:

"Shares of Avis Budget (CAR) have surged more than 110% since July and are up almost 380% so far in 2021. The company reported its third quarter results after the closing bell Monday. Needless to say, expectations were high — and Avis Budget surpassed them.

"Sales nearly doubled from a year ago and net income skyrocketed 1,400 percent, easily topping forecasts and hitting a new record."

[ramellous] 02/11/2021 14:18

If the American car rental industry is anything like here, then Avis up 80% so far today in the states bodes well for results here.

[purplepelmets] 21/10/2021 09:52

yes interims expected on Dec 6th.

[cliff007] 21/10/2021 09:49

Beginning of December for interims, is that right ? TIA

[blueclyde] 19/10/2021 07:47

Yeah it has been a thing for a while but it seems to have gone parabolic in the last few weeks whilst the price has declined. Will be interesting to see how it affects the results.

[fenners66] 19/10/2021 07:19

Look at the rise since April last year, there is the evidence in the share price.

[deanowls] 19/10/2021 05:38

Listen to the VTU update on pi world. They are getting 20% more for used cars at the moment. However they do mention that manufacturers are focusing on consumers rather than fleet so redde may be struggling for vehicles? However I would imagine they then delay the sell off. With 100k vehicles on the books that’s a lot of extra hopefully.

[blueclyde] 18/10/2021 22:08

I saw somewhere that second hand car prices have went up a crazy percentage amount recently. I see no evidence of that in the share price. Could this be something that has been missed here?

[johnhemming] 30/9/2021 14:42

I sold because it is a stock that I think is vulnerable to stagflation.

[johndoe23] 30/9/2021 14:15

Can't think of a logical reason why this should be dropping?!

[largeronald] 30/9/2021 13:54

This has all the hallmarks of yet another company being walked down (in this case probably to around 300 - 320) before a buyout offer of around the 400 mark is made, along with a great fat incentive for the board to approve it.

[deanowls] 20/9/2021 09:49

What will be interesting is the value of the fleet. They are either getting a premium for selling them on our extra value from not getting newer vehicles through.

[fenners66] 20/9/2021 09:32

Significant for the whole business ?
Or significant to the mobility platform ?

I read it as the latter.
Therefore its just about how they diversify rather than a large impact on the whole business.

[purplepelmets] 20/9/2021 07:40

from the AGM statement "Since our last update on 7 July, the business has signed a number of new,
sizeable, multi-year contracts for services from our mobility platform which
will go live in mid calendar year 2022."

my question. Why do they not release RNS's after each big contract is signed? Surely these contracts are all significant and a regular drip of +ve RNS's might help to boost the share price and guarantee no PE does a hostile takeover at a unfairly low price.

[skinny] 20/9/2021 07:03

.




Continued strong momentum across the Group

Redde Northgate plc (LSE:REDD), the leading integrated mobility solutions
platform providing services across the vehicle lifecycle, will hold its Annual
General Meeting at 10.30am today at the offices of Bryan Cave Leighton Paisner
LLP, Governor's House, 5 Laurence Pountney Hill, London, EC4R 0BR.

At the meeting the following statement will be made:

Current Trading

Following the good momentum in the first two months of FY2022 announced on 7
July at our Preliminary Results, the business has continued to perform strongly
across all segments to date.

Since our last update on 7 July, the business has signed a number of new,
sizeable, multi-year contracts for services from our mobility platform which
will go live in mid calendar year 2022. These new contracts draw on products
and services from across the Group and underline the value of our unique and
unrivalled growing mobility solutions platform which we believe can be scaled
significantly.

This early, strong performance and the continued prospects for the Group are
very encouraging and the Board is confident in its strategy to generate further
value for all its stakeholders.

Dividend

Shareholders are being asked today to approve a final dividend of 12.0 pence
per share, which will be paid on 24 September 2021, to those shareholders on
the register at close of business on 3 September 2021. This dividend, if
approved, will result in a total ordinary dividend payable in respect of the
year ended 30 April 2021 of 15.4 pence per share.

Interim results

The Group's next scheduled trading update will be its interim results for the
six months ended 31 October 2021 in early December 2021.

For further information contact:

Buchanan

David Rydell/Jamie Hooper/Tilly Abraham [phone]
5000

Notes to Editors:

Redde Northgate is the leading integrated mobility solutions platform providing
services across the vehicle lifecycle. The Company offers integrated mobility
solutions to businesses, fleet operators, insurers, OEMs and other customers
across seven key areas: vehicle rental, vehicle data, accident management,
vehicle repairs, fleet management, service and maintenance, vehicle ancillary
services and vehicle sales.

The Company's core purpose is to keep its customers mobile, whether through
meeting their regular mobility needs or by servicing and supporting them when
unforeseen events occur. With its considerable scale and reach, Redde
Northgate's mission is to offer a market-leading customer proposition and drive
enhanced returns for shareholders by creating value through sustainable
compounding growth. The Group aims to achieve this through the delivery of its
strategic framework of Focus, Drive and Broaden.

Redde Northgate services its customers through a network and diversified fleet
of over 110,000 owned and leased vehicles, supporting over 600,000 managed
vehicles, with more than 170 workshop, body shop and rental locations across
the UK, Ireland and Spain and a specialist team of over 6,000 automotive
services professionals.

Further information regarding Redde Northgate plc can be found on the Company's
website:

www.reddenorthgate.com

[zho] 31/8/2021 10:25

Yes, 12p xd on Thursday.

[solrei] 31/8/2021 10:23

I think we are going ex dividend this week

[harris tweed] 31/8/2021 10:14

FWIW Vague rumours of a 'mystery buyer' looking to takeover REDD.

[wbodger] 03/8/2021 13:39

DontBuyAnyCar.com, lease it.

Interesting move by VW, moving to defend demand for their cars/vans. That seems to say EVs are always going to be too expensive for families to own, especially if government taxes distance travelled rather than fuel.

There should be money in rolling out EV servicing/charging infrastructure.

[purplepelmets] 03/8/2021 09:43

What could be an attractive aquisition for REDD?

[deanowls] 03/8/2021 09:36

Strategy is set at focus drive broaden, having delivered the majority of integration savings I’m guessing that they are now looking at the future of the broaden.