Redde Northgate Share Discussion Threads

[hillbrown] 27/11/2015 15:35

I have plenty of REDD bought and paid for and have just trousered nearly £2k
on my purchase earlier today. I am sure that others will be doing the same and I would not be surprised to see it come off a trifle before the close.

[woodcutter] 27/11/2015 15:32

shorts covering before the weekend as expected.

apologies for the excessive posting, most unlike me, but it's been a rather interesting day.

wc

[woodcutter] 27/11/2015 15:28

we've had the adverse press coverage now and over the weekend we'll get a more balanced view in the press of what it likely to happen possibly with comments from some of the main players. does anyone really think they'll just stop all whiplash claims without a due consultation process.

more alarmingly how can an investor suggest that in a business that generates c£250m of revenue that such a small percentage could have a significant impact on eps. you only have to go and look at the REDD website to see the extent of their out sourcing coverage........bonkers!

anyone who is short at the end of today is going to have a very nervous weekend.

woody

[jam2day] 27/11/2015 15:19

distinct possibility of going blue before close
weak holders removed!

[fizzypop] 27/11/2015 15:19

May I now unclench my buttocks please

[pistonbroke1] 27/11/2015 14:50

Wow i'm impressed by REDDE press release, I email them this morning to suggest they should consider it as it had seemed to do the trick for Fairpoint.

[woodcutter] 27/11/2015 14:47

I have to declare that sadly i passed an unsavoury comment over TUNG on stockopedia for which i duly apologised. I considered it to be assertive rather than rude but in the interest of congeniality i gave way. Notwithstanding if you're going to place yourself in a postion of providing share tips (and that's what they are despite the protestations to the contrary)then you must expect criticism when they're found to be poorly researched.

aimho

woody

[bc4] 27/11/2015 14:47

Look as for AVIVA reducing there are lots of reasons it happens all the time. This is a great company with a fantastic management team look at there record for the last 3 years the divi yield is over 6% with no debt what more could you want

[bc4] 27/11/2015 14:38

Paul Scott aka the Chameleon was saying only a few weeks ago how good redde was he has been wrong on REDDE more than once and he will be again

[woodcutter] 27/11/2015 14:31

The biggest risk to REDD is that the insurance companies bring all the parts of the business they've outsourced back in house and that's not going to happen. Indeed, we're only going to see more outsourcing. many of the insurers already have offices outside the country Aviva alone have a large Indian contingent. It's all about driving costs down and REDD are well placed to support those measures.

As for Paul Scott remember TUNG he really did well there. I expect he'll have closed that short by then end of today. He won't want to be sitting on that over the weekend.

If woodford and hargreave offload then i'll take some serious notice.

woody

[steeplejack] 27/11/2015 14:17

Yes,looks like a good buying opportunity and am doing just that.

[melf] 27/11/2015 14:17

yep.....2.5% of revenue, yet share price down (on the day) 5% as I write.

[woodcutter] 27/11/2015 14:17

There's over £50+ million of net cash on the balance sheet after considering lease obligations, the dividend is more than secure. some bonkers stuff going on today.
2.5% of revenue so around £6m/annum so next to nothing off the eps.

woody

[bc4] 27/11/2015 14:16

Yes less than 2.5% nowt really, so profits, turnover, new business, and divi will continue to grow, also REDDE has no debt and pays the divi out of free cashflow, IT Trader wait for next update in under 3 weeks you will see what I mean

[hillbrown] 27/11/2015 14:12

2.5%. Puts it into perspective. Great buying opportunity.

[speedsgh] 27/11/2015 14:00

News Release -

...Redde further notes that the activities of the Group which would be covered by legislation of the sort proposed by the Chancellor contribute less than 2.5% of the Group’s revenue.

[it_trader] 27/11/2015 13:50

No reason this time, except a direct government policy aimed at its business model.Don't we also think maybe Aviva, and others in the industry have wind of media and government concerns?This industry and company has topped. Needs new revenue streams now.

[iandippie] 27/11/2015 13:47

Not the first time this has taken a swift hit. In all previous instances it has bounced straight back. See no reason to doubt it will rebound this time too.

[solrei] 27/11/2015 13:44

Aviva started selling before the Autumn statement.

[it_trader] 27/11/2015 13:35

Paul Scott - TwitterRedde (REDD) - I see Aviva have just reduced from 14% to 13% (RNS just out). I've shorted it at 157p.

[it_trader] 27/11/2015 13:33

Threadbare dividend cover, future growth covered P/E, and business model being attacked by government policy.This is going down first. Aviva know.

[hawaly] 27/11/2015 12:53

Trading from Thailand whilst on holiday, added a few more on the drop.

[bc4] 27/11/2015 12:52

Trading update in less than 3 weeks we will see where the share price is then

[woodcutter] 27/11/2015 12:44

silver nice point, the whole day has been rather entertaining and as Jack
Palance aka Curly said rather poignantly in City Slickers

"day aint over yet"

wc