Redde Northgate Share Discussion Threads

[johndoe23] 01/12/2021 15:07

Did you mean 12 months, not 12 minutes?!

[deanowls] 01/12/2021 14:23

Bombing on now. This will really make hay in the next 12 minutes, lapping weaker numbers and the benefits of the work they have put in. When they get on a roll it is hard to stop.

[amelio] 01/12/2021 12:00

I rather wish I'd held onto my REDD shares at 56p, seems a long time ago but 7 years flies by.

[skinny] 01/12/2021 09:59

A long way from the 5.56p I paid for Helphire.

[amelio] 01/12/2021 09:48

I expect as the day goes on this will build in strength and wouldn't rule out a 10%+ finish. This will easily be trading above £5 in time imo.

[skinny] 01/12/2021 08:06

Uncrossed @422p.

[skinny] 01/12/2021 08:00

Extended auction - bodes well!

[deanowls] 01/12/2021 07:45

Great results and bodes well going forward with more actions available to them. Something like 267p in tangible assets. This has to be worth 6-7 quid.

[fenners66] 01/12/2021 07:21

21p final ?

[fenners66] 01/12/2021 07:19

Wonder how much they will hike the final dividend...?

[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?!