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REDD Redde Northgate Plc

429.50
0.00 (0.00%)
21 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 6.71 934.18M

Redde Northgate Share Discussion Threads

Showing 4826 to 4850 of 4900 messages
Chat Pages: 196  195  194  193  192  191  190  189  188  187  186  185  Older
DateSubjectAuthorDiscuss
26/4/2024
07:50
How much did they pay consultants to drag that one up?
greyingsurfer
26/4/2024
07:41
I had a quick look at the Trade Mark registry and they first filed for this name back in 2022, so it's been in the works for a while.
rcturner2
26/4/2024
07:39
Proposed change of name to ZIGUP.

"The Board believes that a more modern brand and name reflecting these changes will also help shift the narrative with all our stakeholders towards the strategic direction of travel we set out".

Hmmm.

zho
20/4/2024
12:36
Nico it should be the aim to have in your portfolio. Below nav. Great divi and business.
deanowls
20/4/2024
11:34
Is this aim?
nico115
13/3/2024
18:42
"Redde is already well integrated. It has repair shops for its fleet and doesn't need more."

Its not my idle speculation here - it was reported in the Times that Redde had approached halfords ref merger - so there obviously must be some fuel to the fire here. Redde are expanding their fleet so it could be the case that it would help to meet future demand if there is no obvious imediate need.

I wouldnt discount the possibility that they are happy to take on the cycling store formats if that diversifies their income stream. I would agree though that it wouldnt really make sense them actiavely wanting to go down this route without the benefit simply coming with the motor garages/trade - so i see that as being a bit if a freebie or even associated "nuisance". Prhaps they could even syphon off the non motor trade units perhaps if merger was done ? who knows.

anyway Halfords board rebuffed the offer so it could be idle speculation after all if it amounts to nowt.



hxxps://www.fleetnews.co.uk/news/halfords-targeted-by-redde-northgate-in-14bn-merger

rmillaree
13/3/2024
18:06
They are still outsourcing a lot of work as per the last report.
deanowls
13/3/2024
17:12
Redde is already well integrated. It has repair shops for its fleet and doesn't need more.
meanreverter
13/3/2024
14:06
those splits dont surprise me and perhaps evidence that Halfords at present are not making much out of the opportunities they have from those the autocentre side of things - bringing in a boatload of extra work with similar overheads could materially uplift the prospects of that side of things.
rmillaree
13/3/2024
07:53
According to Halford's most recently published presentation



(pp. 14 and 17), the underlying EBIT in FY23 for Autocentres and Retail are respectively £10.4m and £58.7m. That is, Retail accounts for 85% of EBIT.

meanreverter
12/3/2024
17:19
Halfords have the great network of locations and the garage facilities that can do vehicle repair work or keep vans - that would bring alot to the table for someone like Redde who are looking to expand - eg if they hired out vans direct to the public from the halford sites or kept vans their for pickup dropoff - or could use these facilities to do the repair work on their vans.

The cycling stuff and "shop" selling bits and bobs is really a sideline that makes a bit of money - probably brings some freee cashflow to the table if its making money from day 1 with no investment needed.

rmillaree
12/3/2024
16:37
I don't understand why a company that sells stuff to motorists and cyclists is being compared to a company that leases fleets of vans to other companies.
meanreverter
12/3/2024
10:15
I’ve been wondering about the dlg takeover currently in play. Is there an opportunity for redd, dlg want more cash, could redd take the workshops and a long term contract by teaming up with whoever possibly takes over dlg. More coverage, big contract, what’s not to like?
deanowls
28/2/2024
12:37
i think they were similar before halfords went into freefall. they had their chance for merger of equals and they turned it dwon (halfords)

my only worry here is that redde do offer premium to prevailing halfords shareprice - if thats likley to be the case one would be better off holding halfords shares at the time. at current low price though i suspect that might need to be done based on boards prior rejection.

Unfortunately with debt where it is i am not convinced hostile takeover makes sense when reddes shareprice is so lowly rated - as that would invariably involve dilution - i am sure they would say its earnings accreative but reality is not sure redde need the hassle of integrating if they are doing ok - i do concede there coudl be compelling logistical efficiency reasons though why it could still be no brainer even if i dont like the fact halfords may get summit on top for clealry poorer business.

rmillaree
28/2/2024
12:12
possibly a HFD deal is closer now? How do the market caps compare? Does HFD have twice as many garages as shops?
rogthepodge
28/2/2024
11:06
Well HFD is a lot cheaper today following a profit warning.
disc0dave46
19/2/2024
21:02
Yikes - he gottta knife?
swiss paul
14/2/2024
12:15
Some Chucky trades today??
jam2day
10/2/2024
23:45
Excellent management team. Perception of company always coloured by profits and losses from disposals of old hire fleet but company has gone a long way to address that. Have always thought the end game lies in the hands of the Chair given her links into the auto industry and history of selling businesses.
eigthwonder
10/2/2024
10:04
Due to their size I’d expect in a rising interest rate environment they are able to pick up more business due to others struggling.

I’d take 6 quid a share for my lot!

deanowls
09/2/2024
20:00
I made a packet here during the HHR days. David Lindsay.

Just spent 30mins going through the interims. I don't see anything here to worry about, provided that the interest rate doesn't go higher.
Looking to buy at 320-325

rech
09/2/2024
16:29
Skinny - same here although not at 5p. My best divi payer by a long shot and I've no intention of selling - it's just that I find the price action worrying.
largeronald
09/2/2024
16:06
As I've mentioned before, my route here was as a holder of Helphire @5p in 2013 and I'm (still) quite happy to hold.
skinny
09/2/2024
15:52
It's not the board that takes it private - like I said, have a look at what happened to Paysafe. There are others, but that's the one I have personal experience of.

There'll be no-one happier than me if I'm proved wrong.

largeronald
09/2/2024
15:20
Management hosted institutional investors a few weeks back I think; hardly neglecting their obligations.
eigthwonder
Chat Pages: 196  195  194  193  192  191  190  189  188  187  186  185  Older

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