Redde Northgate Share Discussion Threads

[melf] 29/2/2016 10:52

Was that £2 or £3 Fizzy :-)

[fizzypop] 29/2/2016 10:38

Slow but steady ascent last three days so £2 this week but probably not today.

[hillbrown] 29/2/2016 09:21

Ring the bell, ding dong. Just hit £2.00

Will it hold or will we have several goes at it?

[skinny] 26/2/2016 14:23

Yes sorry - I wasn't saying that I'd paid 5.6p for REDD, but HHR

No crystal ball I'm afraid - there are others better versed in the dark arts! :-)

As for other gems, most of my portfolio is yield orientated - and I tend to hold for the longer term.

[melf] 26/2/2016 14:02

I think there was a capital restructuring. The 5.6p would equate to 56p in new money! Stand to be corrected of course.

[hillbrown] 26/2/2016 11:47

And I paid ten times your 5.6p and I'm still happy. Well done Skinny!!

I see yr detailed crystal ball has gone AWOL but I agree with your general comment.

Have you got any other gems you would like to share with us? Another that as done very well for me is GVC where I am past a doubling but a long way off a tripling. No dividends this year whilst it beds in a major acquisition which will be transformational but I am happy to hold and accumulate.

[treeshake] 26/2/2016 11:41

Nice one skinny !

[skinny] 26/2/2016 11:00

Hillbrown - I bought these as HHR shares @5.6p and will continue to hold.

They have turned into one of my better buys of recent years and appear to making all the right noises - as is evidenced in the chart and by the timely updates - they are not looking over bought currently - hopefully a broker note will happen sooner rather than later.

[hillbrown] 26/2/2016 10:41

Skinny,

Tkuvm for the chart. What is yr interpretation/expectation/timescale?

I am looking for 240p. Maybe early next year, barring banana skins?........

Hillie

[petersinthemarket] 26/2/2016 09:20

Excellent results certainly stirred things up yesterday. Over £500m of trades in the day compared to less than £200m per day during the rest of February. Similarly there were over 2000 trades in the day which is about double the daily rate for the month. Trade seems to have started out equally busy today but mostly modest individual volumes, probably pi's at the moment. share price still pushing hard around the 194 mark this morning. Interesting to see how the day develops. GL to all holders, pete

[petersinthemarket] 25/2/2016 19:58

For any TA fans, todays one-day chart looks good to me. Looks like classic short term accumulation. Doesn't show much on the longer term chart but I suspect the big boys have been trying to buy without putting the price up on themselves. That is, they buy and when the share price rises too far they desist and might even sell a few to calm it down before starting to buy again. This has made the share price highs crowd up against the resistance level all day and caused the lows to move noticeably higher as the day went went on. Looks promising to me. If this is what is happening we could expect a strong break upwards once they have bought their full line. Perhaps not on a Friday, but who knows. GL, pete

[dodddy] 25/2/2016 17:39

hillbrown, agree totally and i take my hat off to you.

[bc4] 25/2/2016 16:42

Well my decisions are made on the trading updates alone in 2 years time I can see over £50 million in profits so as usual I will sit tight

[hillbrown] 25/2/2016 16:32

Take yr point bc4 but will remove some capital off the table for other opportunities.

dodddy. Sure you are right but at 240 I will have hit a triple over my average cost and plan to sell about 10 or 20% of my holding not the whole thing. Nothing is for certain and I don't want to overcook the golden goose so best to strain the fat from the pan.

[fizzypop] 25/2/2016 16:27

Inching up gradually with decent vol of 2M traded. Prob close about 194p.
Looks well set for tomorrow.

[dodddy] 25/2/2016 16:13

>hillbrown I've been doing the same but from about 72 from memory and reinvested all dividends and added along the way. i think you are very conservative in your target.this will double from here

[bc4] 25/2/2016 15:39

Hillbrown with over 9p being paid out this year in Divis that is a kind of top slicing with 5% back in your pocket for doing nothing

[hillbrown] 25/2/2016 15:04

I am pretty chuffed at the way things are going. I first bought in January 2014 at 57p and continued to buy and now have a nice holding currently worth £314k.
That's overexposure to be sure but no worse than my combined housebuilders portfolio which is also way over the top and which I have top sliced. For Redd
I am looking for 240p and may have to wait a while before I start top slicing.

I have losing exposures to oil thru RDSB and a faltering GSK but I can live with those whilst redd, bdev, bwy, crst, psn and tw. continue to do the business.

Redd, onwards and upwards for the foreseeable..............

[petersinthemarket] 25/2/2016 10:57

Agreed bc4; I am in from low 160's myself; happily chart suggests sellers may now be clearing.

[scottishfield] 25/2/2016 10:38

Agree excellent results. As rgds the share price so far so good today. I remember well in Dec, it went up reasonably well (as today), and then catapulted up, so my guess for what it's worth, is, hold on tight, or buy a few more if you're light. all imo.

[bc4] 25/2/2016 10:36

Peters there will always be sellers after the rise from 160p but this is not a short term share for the reasons of FIZZYPOP post 1875, also a divi yield of around 5% in these days of low interest rates makes REDDE an even better bet

[fizzypop] 25/2/2016 10:04

Great results. Divi up 12.5% to 4.5p Ex-divi 3 Mar payable 24 Mar.
On track for a 10p divi for the whole year.
As stated previously most of the flood recovery revenue will be included in the April TS so we can expect more of the same.

[petersinthemarket] 25/2/2016 09:56

To me it looks suspiciously like a lot of investors selling into strength here. Its a dodgy market we are in right now.