Redde Northgate Share Discussion Threads

[capricious71] 25/2/2016 08:52

Superb results. Well done, Redde.

SP climbing up right now.

[jeff h] 25/2/2016 07:54

Yes excellent results and FMG acquisition only contributed for part of the period.

[napoleon 14th] 25/2/2016 07:24

Cracking results - couldn't ask for more!
Should get thru' 200p in no time at all.

[bc4] 25/2/2016 07:24

REDDE results

25 February 2016

-- News Release --

Redde plc

("Redde" or "Group")

Issue Date: 25 February 2016

Interim Results for the six months ended 31 December 2015

Continued Growth

Financial headlines
-- Turnover GBP165.2m (2014: GBP122.0m) - Increase of 35%
-- Adjusted* EBIT of GBP17.1m (2014: GBP11.2m) - Increase of 53%
-- Adjusted* profit before tax of GBP17.3m (2014: GBP11.5m) - Increase of 51%
-- Net operating cash flow to EBITDA 91% (2014: 114%)
-- Debtor days 95 days (2014: 108 days)

-- Total cash balances GBP31.6m (2014: GBP22.2m adjusted for GBP41.0m cash spent on acquisition)
-- Net debt of GBP9.1m (2014: GBP2.9m adjusted for GBP41.0m cash spent on acquisition)
-- Adjusted* basic EPS 4.89 pence (2014: 4.30 pence) - Increase of 13.7%
-- Statutory basic EPS 4.49 pence (2014: 4.14 pence) - Increase of 8.45%
-- Interim dividend 4.50 pence (2014: 4.00 pence) - Increase of 12.5%

Operational headlines
-- 8.8% like for like growth in number of credit hire cases
-- Total number of hire days increased by 16.4%
-- 101.7% increase in number of all repair cases (including FMG)
-- Revenue generating fleet utilisation increased to 82.5% (2014: 81.0%)
-- Increase in number of contracts and range of services
-- FMG acquisition performing to expectations and integration underway

[pistonbroke1] 24/2/2016 17:03

Encouraging finish above the 180 so lets hope tomorrow gives us a fine set of results to year end 2015 and a sterling forward looking above expectations statement.

[fizzypop] 24/2/2016 13:21

Looking good at 180p.

[hillbrown] 24/2/2016 09:18

I had 30k cfds which I bought a couple of weeks ago and I have to admit I took my profit yesterday but I remain a strong holder of my paid up shares which have rewarded me handsomely over these last two years.

[pistonbroke1] 24/2/2016 08:49

Decision day, Hold, Add or Reduce. Results tomorrow.

At a guess I hope for a close today around 180 then good results tomorrow with very positive forward statement pushing share price up over £2 again in the next few trading days.

[fizzypop] 23/2/2016 12:48

Negligible volumes, only 40 trades by noon, no wonder the share price is just meandering.
We need a 12% rise to get back to 200p. Roll on Thurs.

[pistonbroke1] 19/2/2016 12:17

Could go either way short term. May get one more drop before next Thursday to try and flush a few out or may get steady rise on anticipation of good results. Really needs to crack this 180 to give guidance.

[bc4] 19/2/2016 12:01

19th February 2016

Redde plc

Notice of Interim Results

Redde plc, one of the UK's leading providers of accident management and legal services to insurance companies, insurance brokers, prestige motor dealerships and large national fleets will announce interim results for the 6 months ended 31st December 2015 on Thursday 25th February 2016.

For further information, contact:

[donemyhomework2] 19/2/2016 08:58

180 here we come!!!

[bc4] 18/2/2016 16:59

Well maybe announcement tomorrow about next weeks results so 180p could go tomoz, up 18p in a week momentum seems to be building here

[pistonbroke1] 18/2/2016 16:33

180 is resistance now where it used to be support

[pistonbroke1] 18/2/2016 15:40

Needs to break 180 before results or we may get a pull back first.

[bc4] 18/2/2016 14:42

REDDE not wrecked far from it ups and downs yes but we are in safe hands here Febs results next week will show that I have no doubt

[capricious71] 18/2/2016 12:13

Slightly OT, but has anyone seen The Big Short?

I can't help thinking about good quality companies' SPs like REDD getting wrecked by Deutsche Bank's shenanigans. That's why I asked. :)

[scottishfield] 17/2/2016 16:46

Just giving us another chance to add more wally, be grateful & patient :)

[wallywalrus] 17/2/2016 15:01

What's holding this one back from bouncing like the rest especially given the recent trading update of materially better than expected?Big seller in the background?

[dodddy] 17/2/2016 11:52

you need direct market access or a broker

[hillbrown] 17/2/2016 09:23

Genuine question. How do you buy in the auction?

[dodddy] 17/2/2016 08:40

added a few in the auction last night

[bc4] 16/2/2016 18:09

Looks like things are picking here. Announcement this week ahead of next weeks half year results Buyers creeping back in.

[nicky name] 12/2/2016 21:29

Have they received all the Autofocus compensation? And have they got tax losses still to benefit from?