Redde Northgate Share Discussion Threads

[speedsgh] 30/10/2015 11:57

Mentioned in latest issue of Citywire Income Investor -

Redde (REDD), known as Helphire until last year, provides accident-management support to policyholders of many of the UK’s leading insurance companies. ‘Although the stock trades on an apparently high price-earnings ratio, it commands this rating due to the doubledigit profit growth delivered and what we believe to be conservative forecasts,’ commented AAA-rated Siddarth Chand Lall, manager of the Marlborough Multi Cap Income fund. He also praised its recent acquisitions for boosting its market share.

[bc4] 30/10/2015 10:45

We are down 3.5p on only 81,000 I have seen this many times get the weak to sell then up we go, they are looking for sellers I will no be one of them there will be more upgrades in the coming weeks. GLA

[skinny] 29/10/2015 13:08

I wonder when they are going to revue their TP - last updated in June 2014 @87p.

[market sniper1] 29/10/2015 12:15

REDD Redde

First broker in..........

hxxp://www.dakotafinancialnews.com/redde-plc-earns-corporate-rating-from-n1-singer-redd/574343/

Redde PLC Earns “corporateR21; Rating from N+1 Singer (REDD)
October 29th, 2015 - 0 comments - Filed Under - by Doug Madison

Redde PLC (LON:REDD)‘s stock had its “corporateR21; rating reaffirmed by equities researchers at N+1 Singer in a note issued to investors on Thursday, ARN reports.

Redde PLC (LON:REDD) opened at 179.000 on Thursday. Redde PLC has a 52-week low of GBX 72.25 and a 52-week high of GBX 184.34. The firm’s 50 day moving average price is GBX 163.07 and its 200 day moving average price is GBX 141.14. The firm’s market cap is GBX 510.85 million.



The firm also recently announced a dividend, which will be paid on Thursday, November 5th. Investors of record on Thursday, October 8th will be paid a dividend of GBX 4.25 ($0.07) per share. The ex-dividend date of this dividend is Thursday, October 8th. This represents a yield of 2.72%.

Redde plc, formerly Helphire Group plc, is a United Kingdom-based holding company. The Company operates a group -based businesses supplying legal services, accident management and insurance services, corporate fleet management and insurance policy service fulfillment services. It gives accident management services, including repair management services and vehicle replacement to motor claims. The business supplies legal expenses insurance services via an operational call center site and solicitors’ services through Principia in Northwich and NewLaw in Bristol, Cardiff and an affiliated office in Glasgow. It also supplies insurance claims and accident management services through Cab Aid Limited, Total Accident Management Limited and its subsidiaries. The organization handles a fleet of around 6,000 vehicles. Its subsidiaries comprise Albany Assistance Limited, RunmyCar Limited and HHFS Limited, amongst others.

[market sniper1] 29/10/2015 10:59

Early indications are that this trend has continued during October and the Board remains confident about the Group’s prospects for the financial year as a whole. The Group is seeing an increasing level of new business opportunities and is well placed to take advantage of these opportunities to grow revenue and profits with no undue increase in working capital.

[market sniper1] 29/10/2015 10:59

Here we are..........

Current Trading
The positive start to the new financial year, which I described in my statement of 2 September 2015, has continued since that date. Sales show an increase over the corresponding period last year reflecting stronger trading volumes and the commencement of new contracts. As a consequence, trading profits are ahead of our expectations and the corresponding period last year. Early indications are that this trend has continued during October and the Board remains confident about the Group’s prospects for the financial year as a whole. The Group is seeing an increasing level of new business opportunities and is well placed to take advantage of these opportunities to grow revenue and profits with no undue increase in working capital.

[market sniper1] 29/10/2015 10:39

Good point. Its that going forward part of the statement that caught my eye.

[scottishfield] 29/10/2015 10:29

''The Group is
seeing an increasing level of new business opportunities and is well placed to
take advantage of these opportunities to grow revenue and profits with no undue
increase in working capital. ''

Lovely

[market sniper1] 29/10/2015 10:25

Yep at some time PB1, but its certainly not a morning gap or would have been filled already.

Reckon we'l get steady news flow and a share price trending up in the short term. Any serious knock to the market eg, DOW rate increase could see it retrace.

[pistonbroke1] 29/10/2015 09:32

Is there the gap up this morning to fill now

[market sniper1] 29/10/2015 09:00

Fingers crossed, reckon if it wasnt half term this would be up 10%. I blame it on half term, apprentices and YTC covering on the LSE terminals.

Its always the same this half term holiday.

[steeplejack] 29/10/2015 08:56

Top sliced in the mid 170s ahead of update.No need though,all continues fair.Upgrades might carry the stock to 2 quid in due course.

[market sniper1] 29/10/2015 08:18

REDD Redde PLC

Fundies show the stock is on a forward P/E of 18.7 reckon brokers will have to upgrade in the next 48 hours.

Redde PLC

FORECASTS

2016 2017
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
N+1 Singer
28-10-15 CORP 27.00 8.80 8.70 29.90 9.60 9.90
Cenkos Securities
03-09-15 BUY 26.40 8.80 8.70 28.50 9.00 9.00

2016 2017
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Consensus 26.72 8.80 8.70 29.25 9.32 9.48
1 Month Change 0.01 0.00 0.00 0.03 0.01 0.02
3 Month Change 4.78 1.27 1.35 6.81 1.02 1.48

GROWTH
2015 (A) 2016 (E) 2017 (E)
Norm. EPS 18.29% 13.48% 5.92%
DPS 2,138.81% 16.00% 8.98%

INVESTMENT RATIOS
2015 (A) 2016 (E) 2017 (E)
EBITDA £28.35m £33.26m £36.29m
EBIT £22.24m £m £m
Dividend Yield 4.29% 4.98% 5.42%
Dividend Cover 1.03x 1.01x 0.98x
PER 22.54x 19.86x 18.75x
PEG 1.23f 1.47f 3.17f
Net Asset Value PS 33.98p 54.00p 53.70p

[market sniper1] 29/10/2015 08:10

REDD Redde PLC up 5% and climbing. Trading ahead of expectations. Must be a broker update perhaphs upgrade.

[market sniper1] 29/10/2015 08:02

REDD Redde PLC, cracking update. Forward statement shows strong growth. Chart is on a momentum roll.

[bc4] 29/10/2015 07:57

High yielding fast growing it does not get any better than REDDE !

[market sniper1] 29/10/2015 07:49

REDD Redde PLC,

Cracking update .REDD: Redde PLC As a consequence, trading profits are ahead of our expectations and the corresponding period last year.

[bc4] 29/10/2015 07:25

Sorry for the repeat can not write as quick as Owenski LOL

[bc4] 29/10/2015 07:23

Current Trading

The positive start to the new financial year, which I described in my statement of 2 September 2015, has continued since that date. Sales show an increase over the corresponding period last year reflecting stronger trading volumes and the commencement of new contracts. As a consequence, trading profits are ahead of our expectations and the corresponding period last year. Early indications are that this trend has continued during October and the Board remains confident about the Group’s prospects for the financial year as a whole. The Group is seeing an increasing level of new business opportunities and is well placed to take advantage of these opportunities to grow revenue and profits with no undue increase in working capital.

Cash generation has continued to be positive and, after paying the Special Dividend in respect of Autofocus on 30 July 2015, which amounted to £2.9m, net cash was £39.6m at 30 September 2015 and compares to net cash of £39.7m at 30 June 2015. Total cash balances were £69.9m at 30 September 2015 compared to £68.6m at 30 June 2015
Another great update it looks like next years divi could be close to 9p which is still over 5% yield at the current price

[owenski] 29/10/2015 07:20

"As a consequence, trading profits are ahead of our expectations and the corresponding period last year. Early indications are that this trend has continued during October and the Board remains confident about the Group’s prospects for the financial year as a whole. The Group is seeing an increasing level of new business opportunities and is well placed to take advantage of these opportunities to grow revenue and profits with no undue increase in working capital."

Rather good

[fizzypop] 28/10/2015 21:37

AGM trading update tomorrow. Naked Trader update tomorrow at 4PM

[thinkbig?] 28/10/2015 10:33

Sellers back again

[bc4] 27/10/2015 14:51

FMG takeover gone through, FMG had 7.6 million in the bank a bit of a bonus

[pistonbroke1] 27/10/2015 11:33

Had to pull back a bit as it was well over bought. Thing is how far is it going to go as AGM and trading update should put a stop to it. Chart wise it should go to about 168 but can't see it happening before AGM.