Redde Northgate Share Discussion Threads

[woodcutter] 26/11/2015 16:47

My guess is one of the institutions is now unloading some of their holding and until that stops we're going to see a little drift i'm afraid. The chart tells the story so we'll know when to accumulate further.

I thought about selling today and buying back from wherever the low turns out to be but that could be a poor strategy, as has been noted nothing has fundamentally changed and we're still within cloud support.

We may move into a consolidation phase from here between 160/180p

aimho woody

[capricious71] 26/11/2015 15:48

Fizzypop - unfortunately, I didn't buy any more.

I think the time to sell was a week or so ago (with a view to buying back in, of course!)

[essential] 26/11/2015 14:22

Fizzy pop - regarding your comment on Fairpoint - fair point....

[fizzypop] 26/11/2015 14:18

Twice we have bounced off 158p during the last two days. Hopefully the low.

[fizzypop] 26/11/2015 14:09

Starting to turn up as buyers come back in. You take your chance capricious71 but the fundamentals remain sound.

[fizzypop] 26/11/2015 14:05

Read across to Fairpoint (FRP) Group also down 10%. Another quality company.

[capricious71] 26/11/2015 13:50

Time to buy some more?

[woodcutter] 25/11/2015 22:38

I can't see the effect of the autumn statement having a significant impact on the business model. I don't see whiplash claims as a major part of their revenue when you consider the business scale.

There may be further panic selling in the short term and the share price may drop but in the longer term the business should still maintain sustainable growth imv. This gives further opportunity to accumulate.

The last results were released on the 3rd September at that time they'd declared adjusted eps of 8.4p and the share price was around 160p.
After the AGM statement on 29th october which was very positive with further growth expectations the share price was around 180p.

Current forecast eps for this year is just under 9p and I think this will be beaten. The only other potential downside is the deferred tax asset which will ultimatly disappear and they'll revert to a normal tax status.

aimho

woody

[simon templar qc] 25/11/2015 18:42

End to whip lash claims could have an effect.

[woodcutter] 25/11/2015 16:53

The long term trend has been broken but todays hammer bottom may signal a reversal back to the up trend we'll see. There was a strong +ve price indicator divergence developing too hence my accumulation earlier in the day.

We need the -ve DMI to stay below the +ve DMI and a DMI crossover hold in order to resume the trend. A DMI crossover hold and ADX moving back up towards 30/40 would be a nice move.

woody


free stock charts from uk.advfn.com

[scottishfield] 25/11/2015 16:05

£1.65 for a million, v good price :)

[lollipop4] 25/11/2015 16:01

1m sale just gone through at 15:57, might allow the share price to rise, if that's the seller cleared.

[pistonbroke1] 25/11/2015 15:52

I think there was a fear that harsh limits were going to be in autumn statement but now they have not materialised then the share price is coming back.

[fizzypop] 25/11/2015 15:35

Lifted this from LSE site but unsure how relevant at this stage (more Quindell than REDD):


hxxp://www.legalfutures.co.uk/latest-news/autumn-statement-5k-small-claims-limit-and-end-to-general-damages-in-whiplash

[scottishfield] 25/11/2015 12:09

good for you woody (I hope) 163p for me

[woodcutter] 25/11/2015 11:38

against my better investing judgement on candle patterns i've accumulated at what may have been close to todays bottom, we'll see.

woody

[petersinthemarket] 25/11/2015 11:04

''thinkBIG? 16 Nov'15 - 18:26 - 1483 of 1502 0 0
I would say there is a gap down to £1.60 if it...........''

Someone was spot on!
Now pls predict a hefty rise!
rgds, pete

[fizzypop] 25/11/2015 10:50

Bought £10K worth at 162.5p. Got to be worth +10% by results day in three weeks.
My wife endorsed the purchase so no grief there.

[melf] 25/11/2015 10:39

Hope this isn't leaked budget info. Saw that happen with ALD last time.......Scandalous

[pistonbroke1] 25/11/2015 10:33

Picked a hell of a day to give up drinking!

[fizzypop] 25/11/2015 10:08

Budget? Looks like an institution offloading.

[oilplays] 25/11/2015 10:03

It looks as if Henderson's short of 0.48% on 19th Nov has closed as it is not showing in current disclosures.
hxxp://www.fca.org.uk/firms/markets/international-markets/eu/short-selling-regulations/notifications-disclosures

[pistonbroke1] 24/11/2015 16:15

Order filled