Redde Northgate Share Discussion Threads

[pistonbroke1] 24/11/2015 14:54

Got an order in for yet another 5K @ 169, getting close!

[fizzypop] 24/11/2015 13:45

169.50p and everyone, after a heavy lunch, has dozed off with finger poised over the buy button.

[bc4] 24/11/2015 12:24

This being driven down on very little volume this is what counts
* News Release *

Issue Date: 29 October 2015

Redde plc
('Redde' or 'Group')

AGM Statement and Dividend
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 GBP2.9m, net
cash was GBP39.6m at 30 September 2015 and compares to net cash of GBP39.7m at 30
June 2015. Total cash balances were GBP69.9m at 30 September 2015 compared to GBP
68.6m at 30 June 2015.
Looks like a buying opportunity to me

[bc4] 24/11/2015 12:17

Well there will a trading update in 3 weeks with guidance on profits and divi for the half year so there will be a bounce I have no doubt

[pistonbroke1] 24/11/2015 11:57

50 DMA sitting at 169, really needs to bounce of this as it hasn't failed before.

[fizzypop] 24/11/2015 09:20

Another tree shake and bounce as we kiss the 50DMA

[bc4] 19/11/2015 20:11

Not me LOL

[fizzypop] 19/11/2015 15:48

Bounce on schedule to 173p. Who picked up the tab?

[fizzypop] 19/11/2015 15:24

and we are now 170.75p and a decent bounce is about due.

[fizzypop] 18/11/2015 11:22

SP and 50DMA converging towards 170p.

[bc4] 18/11/2015 10:08

From The Motley FOOL
5 High-Yield Picks From The FTSE 250 And AIM: Tate & Lyle plc, Cobham plc, Carillion plc, Petrofac Limited & Redde plc
Small-cap accident management company Redde (LSE: REDD) has the best fundamentals of these five shares, to my mind. Like-for-like revenue growth in its latest financial year was 16.9%, as Redde is gaining momentum with securing new contracts. And as revenue grows, this adds scale to the business, which leads to higher profit margins. Its adjusted operating profit margin has grown steadily over the past two years, rising from 3.9% in 2013, to 5.9% by 2014. And this year its margin has improved by another 2.9 percentage points, to 8.8%.

Although dividend cover is only 1.0x, Redde is highly cash-generative, which allows the company to return almost all of its cash flows to shareholders through dividends. Its shares currently offer a prospective dividend yield of 5.0%.

[fizzypop] 17/11/2015 19:38

Why not thinkBIGer and use the adverb not the pronoun?

[thinkbig?] 16/11/2015 18:26

I would say their is a gap down to £1.60 if it goes their I will buy back. Sold out at £1.80p. Bought NIPT at 16p. If it goes their I will buy back in

[chaders2] 11/11/2015 19:03

yes i know all the good points and reinveted my divi again.
was just wondering why they sold so many as they could have just sold enough to cover costs would not have had a big cg bill.

[fizzypop] 11/11/2015 16:07

At current share price the yield is 4.7%. Divi for 2015 was 8.25p per share as 4p for interim (up 19.7%), 4.25p for final (up 20.4%). If we assume a reasonable 20% increase in divi for 2016 that would give 10p per share.
The above excludes any special divi for any outstanding AUTOFOCUS claims which must be residual by now.
Even if the share price growth slowed REDD would remain desirable for the yield. For long term holders like myself we are already receiving 11% or more on our original purchase.

[fizzypop] 11/11/2015 10:02

Reinvested the divi to purchase 600 shares at 175p. As bc4 quotes above the future looks rosy.

[bc4] 11/11/2015 08:03

This trading update was issued less than 2 weeks ago
29th of October

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.
So what has changed?

[bc4] 11/11/2015 01:53

I do not think so Martin Ward only sold just over half the shares he exorcised so his shareholding actually increased in REDDE, the same thing happened in March this year at 104p
Directors' shareholdings: exercise of options

The Company received notification on 18 March 2015 that on 18 March 2015 Martin
Ward and Stephen Oakley:

1. exercised (at an exercise price of 12.5 pence per share) respectively
921,372 and 460,686 options over the ordinary 0.01p shares in the Company
("Ordinary Shares") which they held under the Company's 2013 Executive
Option Scheme ("Scheme"); and

2. respectively sold (at a sale price of 104.05 pence per share) 555,185 and
277,593 Ordinary Shares, as permitted by the rules of the Scheme, to meet
the sale expenses and the resulting tax and national insurance liabilities.

As a result of these transactions Martin Ward and Stephen Oakley have,
respectively, a beneficial interest in 504,467 and 223,093* Ordinary Shares
representing 0.178% and 0.079% of the current Ordinary Shares in issue.
So he held 0.178% he now holds 0.241%
11/11/2015 As a result of this transaction Martin Ward has a
beneficial interest in 704,109 Ordinary Shares representing 0.241% of the
current Ordinary Shares in issue
Hardly bailing LOL

[chaders2] 10/11/2015 19:11

i wonder if the directors think that the bull run has peaked ? just a thought.

[sailing john] 10/11/2015 18:12

And another option exercise and sale notified after hours - but trade dated tomorrow....oops!
SJ

[pottsypotts] 10/11/2015 16:48

Think the share sale yesterday from the directors exercising options may have caused the slight dip in these.

[fizzypop] 10/11/2015 15:55

Top up time again as 5% down from its peak

[essential] 10/11/2015 12:46

This has turned into a great share - capital growth at a steady rate and a fantastic dividend. One to hold me thinks..!

[bc4] 05/11/2015 11:31

Looks like some are reinvesting the divi back in REDDE and why not with a yield of around 5% it is a no brainer












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[bc4] 05/11/2015 10:40

Level 2 looking very strong 295,000 vs 202,000