Redde Northgate Share Discussion Threads

[zho] 09/2/2024 14:47

>>Surely if they wanted to do what you are saying they would be sending the opposite signals ..>>

And not buying their own shares.

[rmillaree] 09/2/2024 14:44

"This has all the feel of being deliberately run down before being taken private - and then relisted 3 years later at 3 times the price."


huh this sounds like nonsesne to me - updates from the company have been clear transparent and pretty much on the money - they are outwardly exuding confidence not the opposite. Surely if they wanted to do what you are saying they would be sending the opposite signals

Directors dont move the shareprice the market does - if there are worries about material drops in residual values of vans that explains recent share price weaknes.. Where on earth would the board get the moeny to take it private?

Even if they tried sharehoilders ultimately choose what happens.

[largeronald] 09/2/2024 13:54

Have a look at the last 50 or so posts on the PAYS thread. Absolute scandal. The CEO recommending the offer was the guy who counted the votes!

[largeronald] 09/2/2024 13:48

Seen it happen before - a seemingly flourishing company generating cash hand over fist having its share price walked down for no apparent reason whatsoever for 6 months and then, lo and behold, an offer recommended by the board to take it private comes in at a derisory price. Three years later, back it comes on the market.

[grahamburn] 09/2/2024 13:42

Where do you get that "feeling"?

[largeronald] 09/2/2024 09:50

This has all the feel of being deliberately run down before being taken private - and then relisted 3 years later at 3 times the price.

[master rsi] 02/2/2024 22:55

Non-Executive Director BUYS close to £10,000

Director name: Rabson,Nicola
Amount purchased: 2,799 @ 355.25p
Value: £9,943.45
Date of the transaction 1 February 2024
----------------

and today buyback
Number of shares purchased : 50,000
Weighted average purchase price paid : 354.75p

[rmillaree] 29/1/2024 08:34

swiss - share buyback will always polarise people. I am 100% happy company is buying back shares at current levels. Share buybacks will always be looked upon as good or bad value based on future trading prospects if the company does well share buybacks should be good value with p/e of 7 or less - infact complete no brainer to some if they are comfortable with debt. Just look at next for example of how share buybacks over the long term can materially boost eps. If you think shares arent good value then one can sell part of ones holding.

[swiss paul] 28/1/2024 21:46

why oh why do they carry out share buybacks - and to make it worse its always at the top end of price. Only ones whom consistently make money in this shennanigan are the brokers.
Just give us more divvi

[master rsi] 22/1/2024 22:33

But it has been added on today's news 50K of last Friday 19

-------------
25+10+15K = 50,000

Weighted average purchase price paid : 345.75

[master rsi] 22/1/2024 11:36

They never posted the buying on Friday 19

---------------
25k at 345.50p so far today on the ticker

22-Jan-24 09:13:18 345.50 25,000

[fenners66] 18/1/2024 18:03

343p surely

[master rsi] 18/1/2024 16:54

A bit of a bounce today to 243p
------------
Share buyback

The trades shows 2x25K @ 243p for today
let's see what they say a bit later

[master rsi] 17/1/2024 13:13

From the "UPS thread ......

Master RSI 17 Jan '24 - 12:54 - 340 of 340 Edit
UPS
REDD 339p ( 338.50 v 339.50p)

Has been marked to support this morning. Very good Interim results lately with increased dividend last December. Full-year earnings forecast "modestly ahead of market consensus". NAV 447p. Expectations of EPS at 55p the PE is a lowly 6.2

[zho] 12/12/2023 11:14

Yesterday's IMC presentation now online at

[skinny] 07/12/2023 08:09

For anyone interested :-

[zho] 07/12/2023 08:07

Redde Northgate’s share price has been on a rollercoaster over the past few years, and there is still a lot of uncertainty over the supply of vehicles and the electric vehicle transition. However, we like the fact that demand is robust, margins are stable and headwinds seem to be easing. The share are also very cheap, trading on a forward price/earnings multiple of just 6.8. Buy.

[deanowls] 07/12/2023 05:02

I think the comment about extending contracts (or words to that effect) with 500 independent workshops points to the synergies it would see with halfords. I’m happy that it didn’t go ahead though.

Share pretty much covered by tangible NAV.

[disc0dave46] 06/12/2023 20:49

Think their modest beat will be conservative as the forecasts only predict circa 21p underlying eps for H2, which is a significant reduction to H1 and 24% lower than H2 last year.IMO at least 10% above their mean eps forecast of 54p could be on the cards, what's "modest", 5%, 2%?.

[swiss paul] 06/12/2023 08:45

Yep but not even a squeak about Halfords!

[skinny] 06/12/2023 08:30

Dividend per Share 8.3p 7.5p 10.7% - which is nice.

[sundance13] 06/12/2023 07:08

Nice update:With visibility of earnings underpinned, the Board is confident on the outlook for H2 and now expects to be delivering earnings modestly ahead of market consensus on a full year basis.

[fenners66] 29/11/2023 13:24

Not the only bullet at Halfords
They have restated their results from the previous year....

including

"fenners66
29 Nov '23 - 09:42 - 530 of 531 Edit

Wow just got down to this line

"the correction of errors identified in the goods received not invoiced
("GRNI") reconciliation process at 30 September 2022. "

WTAF !

That is BASIC accounting. Its so basic that getting that wrong at any level (even one branch!) is seriously
unforgivable!

Did the FD get sacked ?"

If Halfords cannot do the absolute basics - how could Redde merge at nil premium to that micky mouse outfit ?