Redde Northgate Share Discussion Threads

[pistonbroke1] 17/12/2015 09:19

Woodcutter I agree a break above resistance would be very bullish signal. Whats your view on this mornings gap up, do you expect it to be filled?

[bc4] 17/12/2015 09:03

With a half year divi of at least 4.4p we are looking at over 9p for the full year so with a share price under 180p that is a yield of over 5%

[woodcutter] 17/12/2015 09:02

ideally it needs to break out above resistance but the chart strength is looking very positive.

woody


free stock charts from uk.advfn.com

[bc4] 17/12/2015 08:58

Not really you only had to read Octobers update

[bruceylegs] 17/12/2015 08:56

I'm curious about the timing of Woodford's very recent increase in holding. In retrospect could they have received some insider info?

[ods] 17/12/2015 08:47

Minimum 3.5p dividend declared this time last year and now we have 4.4p. That is over 25% increase!!! How many shares offer that increase?

[woodcutter] 17/12/2015 08:47

with a dividend target of 4.4p they must expect H1 eps of over 5p, i would think, so full year 10.5p eps might even be conservative.

added

woody

[pistonbroke1] 17/12/2015 08:37

Great update gives loads of convidence going forward. Only concern now is rather large gap in chart from this mornings open. They nearly always get filled so is it wise to wait till this happens then add yet more.

[bc4] 17/12/2015 08:25

Yes there will be more upgrades to come in the weeks to come, we are in very safe hands here!

[bruceylegs] 17/12/2015 08:19

Paul Scott's short looks even more stupid than it was at the time.

[bc4] 17/12/2015 07:45

Are you ok KNIGEL? good to hear from you

[knigel] 17/12/2015 07:41

The recovery continues.. :-)

[donemyhomework2] 17/12/2015 07:37

Love this trading update!!!!

[bc4] 17/12/2015 07:30

I like that word MATERIALLY

[bc4] 17/12/2015 07:15

* News Release *

Issue Date: Thursday 17 December 2015

Redde plc ('Redde' or 'Group')

Trading Update

Current Trading

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 increasing trading volumes. The Board is
also pleased to note that the FMG group has traded well since acquisition with
a good pipeline of new business opportunities. As a result of these factors,
trading profits for the six months to 31 December 2015 are now likely to exceed
our earlier expectations and will be materially ahead of the corresponding
period last year.

Results for the 6 months to 31 December 2015 and Interim Dividend

The Board expects to announce the results for the 6 months to 31 December 2015
at the end of February 2016.

Based upon trading to date the Board would expect to declare an interim
dividend at that time of not less than 4.40 pence per share. This would compare
to an interim dividend of 4.00 pence in respect of the financial year ended 30
June 2015.

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

"The successively strong performances of the Group delivered under our Growth,
Profitability and Sustainability strategy is generating good returns for our
shareholders. The acquisition of FMG, which completed in October 2015, has
enabled us to broaden our reach into new and related markets and diversify our
earnings. The outlook for the remainder of the financial year is positive and
we continue to examine opportunities to augment our sustainable growth plan."

Does it get any better I do not think so just brill

[gersemi] 17/12/2015 07:07

200p on the immediate horizon

[bc4] 17/12/2015 07:06

There we go good old REDDE min 4.4p divi at least a 10% increase so profits still growing very strong

[bc4] 16/12/2015 15:23

No not asked REDDE

[pistonbroke1] 16/12/2015 15:19

Have you asked REDDE the question or is that just because it was this time last year?

[bc4] 16/12/2015 14:37

Trading update probably tomoz or Friday with guidance on profits and divi

[pistonbroke1] 15/12/2015 15:42

Yep a bounce off double bottom is welcome and hopefully sets us up for a DECENT trading update.

Well spotted fizzy, kind of works if you really think of it.

[fizzypop] 15/12/2015 15:16

pb1 ... "a descent bounce" ... what a wonderful oxymoron.

[fizzypop] 15/12/2015 15:06

Back on the ascendant with, hopefully, results tomorrow.

[skip10] 14/12/2015 17:05

16 Dec last year was a Tuesday....