Redde Northgate Share Discussion Threads

[fenners66] 26/4/2024 12:42

riverman77 - it does , but in that case what's the point.
It can only lead to further costs later.
Above all , zero explanation of the point so no direction.
Tells us far more about the quality of the board than anything else.

[riverman77] 26/4/2024 12:39

Sounds like it's just the plc name that will be changed, so hopefully will not require a wide scale rebranding of all their vans, websites, paperwork, etc.

[eigthwonder] 26/4/2024 08:44

struggling to embrace the change on this one

[1pvh] 26/4/2024 07:57

Keeping the operating brand names

[owenski] 26/4/2024 07:55

Brand name.... Zigup... Really???

What was wrong with Redde.

[skinny] 26/4/2024 07:53

Worked well for ABDN - not.

[meanreverter] 26/4/2024 07:52

Every good name has already been registered by another company; what remains are the poor names. For this reason, it is better to keep your old name — unless it is really an embarrassment. “Zigup”? Hmm ....

[greyingsurfer] 26/4/2024 07:50

How much did they pay consultants to drag that one up?

[rcturner2] 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.

[zho] 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.

[deanowls] 20/4/2024 12:36

Nico it should be the aim to have in your portfolio. Below nav. Great divi and business.

[nico115] 20/4/2024 11:34

Is this aim?

[rmillaree] 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

[deanowls] 13/3/2024 18:06

They are still outsourcing a lot of work as per the last report.

[meanreverter] 13/3/2024 17:12

Redde is already well integrated. It has repair shops for its fleet and doesn't need more.

[rmillaree] 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.

[meanreverter] 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.

[rmillaree] 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.

[meanreverter] 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.

[deanowls] 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?

[rmillaree] 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.

[rogthepodge] 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?