Redde Northgate Share Discussion Threads

[pistonbroke1] 14/12/2015 17:00

Could do with it tomorrow and it being very positive as we have a double bottom on chart and a descent bounce from here will be bullish.

[bc4] 14/12/2015 16:51

Last year it was the 16 of December

[pottsypotts] 14/12/2015 16:30

What day is the trading update due?

[fizzypop] 14/12/2015 11:53

pb1 - looks like you might be right with 160p in sight after this morning's step down.

[pistonbroke1] 11/12/2015 16:39

Lets hope we get a good trading statement next week as it's now broken through the 50DMA.

[fizzypop] 11/12/2015 16:26

Nope 166p for all of 5 mins then back up towards 169p (closed at 168p).

[pistonbroke1] 11/12/2015 16:08

looks like were going to visit 160 again

[fizzypop] 11/12/2015 15:39

Bought 1400 sh at 167.97p.

[nicky name] 11/12/2015 14:36

XPAN have a look at the holdings RNS's

Aviva and Norwich Union Asset Managers have reported seperately, although I know that N.U. is part of Aviva general insurance. Maybe the old asset managers still operate independently? But accepting your point means that Aviva parent company must have 27%?

[fizzypop] 11/12/2015 13:28

No one buying below 170p ... where's your Christmas spirit?

[xpan] 10/12/2015 22:24

Aviva and Norwich Union are the same company so double counting

[nicky name] 10/12/2015 21:54

my point is that there is a small free float

[petersinthemarket] 10/12/2015 19:23

Not sure exactly what your point was, but tightly held, small float, should be good for the rest of us, shouldn't it? Even a small scramble for stock should force the share price up.

[nicky name] 10/12/2015 17:13

is Neil Woodford trying to match the new Invesco fund manager's 29%?

Woodford now has 20% and Invesco nearly 29% Aviva 14% and Norwich Union 13%?

doesn't leave many shares for anybody else!

[scottishfield] 10/12/2015 16:18

V encouraging bc4

[bc4] 10/12/2015 16:16

Woodford has increased his stake again!

[scottishfield] 09/12/2015 16:26

V good recovery today.

[bc4] 08/12/2015 16:14

Yes about the 16th of December this was last years

Issue Date: 16 December 2014

Redde plc (`Redde' or `Group')

Trading Update

Current Trading

As the Group approaches the end of the first half of its financial year, the
Redde Board is pleased to announce that the Group's strong start to the year
that we referred to in our announcements in September and October has continued
through into December with strong trading volumes supporting a significant
increase on our expectations. Trading profits for the six months to 31 December
2014 are now expected to be materially ahead of our earlier expectations and
significantly ahead of the corresponding period last year.

Cash generation has continued to be strong and after payment of the final
dividend in respect of 2014 on 6 November 2014, which amounted to GBP9.8 million,
net cash was GBP39.7 million at 30 November 2014. This compares to net cash of
GBP41.6 million at 30 June 2014. Total cash balances were GBP60.9 million at 30
November 2014 compared to GBP58.3 million at 30 June 2014, and represent an
increase for the 5 months of GBP12.4 million (adjusting for the final dividend
paid of GBP9.8 million).
The Board expects to announce the results for the 6 months to 31 December 2014
at the end of February 2015.

Based upon trading to date the Board would expect to declare an interim
dividend at that time of not less than 3.50 pence per share. This would compare
to 3.35 pence per share paid by way of 3 interim dividends in respect of the
financial year ended 30 June 2014.

As previously announced, the Group is currently pursuing a full distribution
policy and the amount of any final dividend (and therefore the dividend for the
year as a whole) will be dependent upon the level of total profits earned in
the financial year ending 30 June 2015.

Commenting on the announcement, Martin Ward, Chief Executive Officer said:

"The benefits of our strategy for growth, sustainable profits and cash are
being demonstrated in our strong trading results. This goes to support a
significant dividend return to our shareholders. We see further opportunity to
grow the business both organically and through M&A investment. Based on current
trading we remain confident about our outlook."
Hope this helps

[pistonbroke1] 08/12/2015 14:47

Are we due a trading update soon?

[fizzypop] 07/12/2015 14:38

Demonstrating robust stability in a very messy market at the moment.

[pistonbroke1] 04/12/2015 15:36

Interesting that fairpoint are down nearly 6% and REDD are up nearly 5%

[bc4] 04/12/2015 15:17

This is definitely a push!

[fizzypop] 04/12/2015 13:40

Well-timed purchase bc4

[bc4] 04/12/2015 12:20

Is this the pre update push?