Redde Northgate Share Discussion Threads

[zho] 07/12/2022 12:18

You've probably already seen that the 8 analysts covering REDD have an average eps forecast of 49p to 4/23. This page should be updated as and when forecasts are changed.

[disc0dave45] 07/12/2022 12:04

Anybody got broker notes on forecast eps?

[deanowls] 07/12/2022 08:55

Actual Nav now at 2.99 growing business lines across the board, great results once again.

[ramellous] 07/12/2022 07:46

25% increase in next divi. That’s good.

[disc0dave45] 24/10/2022 21:48

Think you're right.

[zho] 24/10/2022 14:15

>>Has the company notified us of the running total of the buy back>>

I think that's the 13,116,556 shares held in treasury.

[jam2day] 24/10/2022 09:56

Has the company notified us of the running total of the buy backOr has anybody kept a tally

[disc0dave45] 13/10/2022 18:04

Missed todays dip!, oh well there's always another day.

[disc0dave45] 12/10/2022 20:10

Had these on my watch list for a while and now having another look.Looks undervalued IMO with forward PE on underlying eps of 4.8x (assuming my 63p eps is achieved). On normalised eps forecast (49.4p consensus) on a forward PE of 6.1x. Also trading below NAV (388p) by 22%. Div yield over 7% too, what's not to like?......okay net debt isn't brilliant, quick calcs it's nearly 3x underlying pbt (whereby 3x is my upper rule of thumb). Also, the cost of their debt is only 1.9% with 76% at fixed interest rates, so fairly well protected against rising interest rates. The share buyback could be contentious but with 7% div yield and an additional 17m shares potentially purchased, increasing eps by circa 7%, thus generating additional value, then it's not a red flag for me.

[swiss paul] 27/9/2022 15:01

Aw cmon Fenners - the poor old board have ot do something to enable their bonus to be trousered.

Erm did I also read in that RNS about renegotiating debt?
Leverage remains well within our stated aim of 1-2x, supported by our refinancing in October 2021 with debt maturities extended up to 10 years.

Would it not make sense to reduce the debt before doing all the financial shennanigans. Its the way it works in my house.

[zho] 27/9/2022 08:13

Current Trading

Following the encouraging start to the year, as previously announced, the Group has continued to trade well. As expected the UK&I market for new van supply remains tight, while new car availability is showing early signs of improvement. In Spain, new van supply is performing better than anticipated and the ongoing levels of new fleet are supporting growth. Residual values are softening gradually in line with expectations, but remain significantly above historic levels. Margin levels have remained strong, with inflationary pressures being actively managed.

[zho] 23/9/2022 10:25

NED John Pattullo buys 20,000 shares

[deanowls] 08/9/2022 16:14

Same here at 3.17, watched the last presentation last night, decent dividend and buy backs so they aren’t afraid to reward shareholders. Big customers coming on this year and with no lockdowns should benefit on the redde side.

[rental] 08/9/2022 15:53

Nice little top up here for me today

[zho] 02/9/2022 12:22

Pendal Group ("an Australia-based independent, global investment management company") has declared a 5.01% stake.

[rental] 02/9/2022 10:08

Every used van is getting mopped up out of the system right now from the people that know

Expert profits here to soar

[rental] 02/9/2022 10:07

Repeated post

[skinny] 01/9/2022 14:32

Perhaps 'they' read this thread - that definitely said "Ex Dividend Date 2 September 2022" earlier!

[disc0dave45] 01/9/2022 14:29

Nothing misleading, today is ex div day, as posted here by others, as stated on their website and in their prelims.

[skinny] 01/9/2022 11:40

Slightly misleading :-

[pottsypotts] 01/9/2022 11:10

What is the divi yield on these seems a fair old drop although it is a bit of a " down day" on the market I suppose

[rental] 01/9/2022 11:00

I’m a buyer today, nice little buying opportunity here today for me.

Answering the question above, used vans peaked in price around March april 2022, they dropped back a bit in August 22 but there was still shortage of stock and now as I predicted used van prices have gone nuts again and we are on course for my predicted disruption in October 2022 due to the shortage of vans. As I’ve said before Prices I think will peak in October 22 to new highs and continued for 12
Months as that.

Rental prices will rise due to shortage.