Redde Northgate Share Discussion Threads

[nicky name] 29/4/2016 14:37

if it's good enough for Fidelity and Woodford Investment Management, then it's good enough for me

have a look at their shareholdings in this company

they are both heavily invested here for good reason, in my opinion

latest options scheme incentivises board to grow earnings per share quite considerably

I suspect that the board thinks that it can do it

[nicky name] 29/4/2016 13:20

I am a Slater and Gordon bull 'rackers1', you idiot

not a Quindell bull

Quindell is now an irrelevance and defunct

and certainly irrelevant to this thread

go and troll somebody else

but preferably, just stop trolling, you saddo

[bc4] 29/4/2016 13:11

If you look back to March 2014 to same thing happened, the share price had rose from 15p to 75p then dropped back to 50p before hitting 200p now I am not predicting the same but there always seem to be shenanigans with a share price after a large rise this is not the first good company and will not be the last.

[rackers1] 29/4/2016 12:37

one should start to worry if seasoned qpp bulls like nicky lame turn up here trumpeting the share price

[pistonbroke1] 29/4/2016 12:29

And yet another QPP poster turns up. This company is nothing like QPP we have a good management team, increasing profits, dividends. The retraction in share price recently is not that much of a surprise considering the stella performance over the past couple of years.
Normal service will be resumed soon.

[morrisse] 29/4/2016 12:24

people selling into good news, doesn't look good here, considering are a few months till the next update

[capricious71] 29/4/2016 11:19

Sell in May and stay away...?

[steeplejack] 29/4/2016 11:07

If the update hadn't been reassuring,the shares could have taken a beating yesterday.The market's in the mood to punish anything but good news.As hvs1 posts,the last few months appear to confirm that the period of stellar returns is exhausted.What you do have though is a prospective yield of some 6%, good trading momentum and cash generation.The fact that the shares appear bogged down says much about the state of the market.There's reasonable short term support at 152p now.More than happy to hold but will wait on a markedly poor day to buy more,which could occur over the ensuing couple of months.With the referendum,threat of US rate rises etc the market seems to set wallow indifferently in a long Summer.

[panic investor] 29/4/2016 10:41

still waiting on the sidelines here. great update as ever.

Not sure where the markets are headed in the short term.

[hvs1] 29/4/2016 10:33

this is a super company with a class management act

however, the chart is indicating the end of a stellar bull run and i dont argue with what i see

this was marked up at the open yesterday, the usual mugging game, then it was sold down during the day, not a good sign, volume for the day was light considering a TU was out.

previous support of 160 is now resistance and the chart looks toppy

holding for a divi is pointless if one loses more than the divi with a declining share price I'd say it's being sold down and not enough buyers remain at these levels.

just saying

laters x

[bc4] 29/4/2016 09:30

And still no RNS of any of the large shareholders selling, very puzzling but very reassuring

[capricious71] 29/4/2016 09:20

This fall in the share price doesn't worry me. Google Finance shows P/E is 17, which sounds fair to me. With the excellent dividend, this is a long term hold.

I don't think the story has changed much. I might even buy some more.

[pistonbroke1] 29/4/2016 09:13

Well this is all very disappointing all yesterdays gains gone. I get the feeling there are quite a few Pi's losing there nerve as more O trade sells today. Not sure what to think about price action now as it's a couple of months now before any more news.
Could do with a holdings RNS showing accumulation has been taking place in background!

[steeplejack] 28/4/2016 10:48

Or Taylor Wimpey or Dominos Pizza or numerous others to go up and down like the proverbial who do pay their dividend from cash flow.The point is that the market is moody and undecided currently.I agree that Redde looks very good value.I can't say I like the "no brainer" comment,if everything was so clear cut,perhaps a majority of fund managers might have outperformed their indices in the first quarter.I sold half my holding here rather fortuitously around 185p and bought a few back in the 150s when they had that inexplicable sharp fall some months back.If the tech analysts get excited with a concerted fall through the 159p support,I'll buy more.Death and taxes...now there are two "no brainers".

[bc4] 28/4/2016 10:17

Well REDDE has paid out 12.75p in divis out of free cashflow not borrowings since the 5th march 2015 with more to come so it is not all bad , at 161p it is a no brainer to me

[steeplejack] 28/4/2016 09:56

Heavy head winds in the market today partially due to the US flirting with rates rises again I suspect.This has been a very difficult market to read in 2016.Only one in ten active fund managers managed to beat their indices in the first quarter.Even allowing for a modicum of incompetence on their part,it goes to show how mercurial the market has been.In many instances solid sectors have come under pressure ie housebuilders,pharmaceuticals whilst commodities,oils have enjoyed a sizeable bounce from their lows.I don't think many feel comfortable with this sector rotation but additionally it almost smacks of investors profit taking,top slicing some good quality stocks.In reality,there's no clear explanation why Redde should fall so markedly from around the £2 mark as today's update confirms other than money is being taken off the table.If you look elsewhere at Bellway say,there's no real reason for the stock to fall in April from £28 to near £22 to recover now to near £25.So I think I'll turn a blind eye to some erratic share movements for now.

[bc4] 28/4/2016 08:44

The main point for REDDE shareholders is the growth is continuing and it is business as usual with at least 4.5p divi but probably 5p final divi which is more than a 10% increase while most companies are cutting their divi

[capricious71] 28/4/2016 08:38

This one's for keeps.

I'm just surprised it hasn't gone back over 170p but it will.

[woodcutter] 28/4/2016 08:37

As Benjamin Graham noted "In the short term the market is a voting machine, but in the long run it's a weighing machine."

This is a disruptive technology within the insurance sector!

woody

[broadwood] 28/4/2016 08:33

A beacon in the gloom.

[derektrade33] 28/4/2016 08:28

The brave holder's smile

[fizzypop] 28/4/2016 08:16

It will be interesting to monitor volumes today as momentum increases.
TS nicely understated and carefully crafted - well done REDD management.
Under promise and over achieve is what I like.
No doubt we will get the best final results ever (don't forget all that flood damage back in Dec-Feb). I still reckon 10p for the full year divi.

[toffeeman] 28/4/2016 08:14

fwiw:

1. close above 160 - retains support

2. close above 171 - breaks downtrend from end Feb

3. close above 193 - breaks downtrend from Dec 2015 to Feb 2016

4. close above 215 - breakout

[retailronnie] 28/4/2016 08:14

6% and good growth potential. This is a gem imo.

[bc4] 28/4/2016 08:08

June pre close trading update will give more guidance on full year profits and divi but we could be looking at 35 million plus full year up from 25 million so with the divi yield at around 6% this has give new investors a great buying opp