Redde Northgate Share Discussion Threads

[calama] 27/6/2016 16:35

I guess this is the time to be brave while others are fearful....easier said than done.

[pistonbroke1] 27/6/2016 08:34

Lets hope Thursdays statement offers some good reading!

[capricious71] 13/6/2016 08:56

I think there's a lot of bloody-mindedness involved with Brexit. I'm for leave and the more scare stories I hear from Cameron, Blair et al, the more determined people will be to vote out.

Even if we stay in, I think markets are on the slide.

I can keep REDDE for years, however.

[napoleon 14th] 13/6/2016 01:53

Thanks, bc4.

My only remaining oubt is re Brexit.
Most of my PF is in international/mixed currency shares like ETO, FOUR, PAYS, PHTM & so on. On REDD, needs a good long think about "is the risk worth it?".
Kept all my Euros & US$ for the last two years, so perhaps sufficiently hedged.

[bc4] 09/6/2016 14:22

Nap not results a pre-close trading update on profits and divi for the full year to end of June this was last years

Redde Plc Pre-closeTrading Statement

29/06/2015 6:00am

Redde plc ('Redde', 'Group' or 'Company')

Pre Close Statement, payment of a Special Dividend and anticipated Final
Dividend

Current Trading

Redde is pleased to announce that, further to its Trading Update made on 27
April 2015, trading for the final quarter ending 30 June 2015 has continued the
positive trend shown in the first 9 months of the year. Indications are that
the operating results before exceptional costs for the financial year ending 30
June 2015 are likely to exceed the upper end of market expectations.

Cash generation continues to be strong and total cash balances were GBP64.9
million at 31 May 2015 compared to GBP62.8 million at 31 March 2015 and GBP58.3
million at 30 June 2014. Net cash balances (net of fleet financing) were GBP38.8
million at 31 May 2015 compared to GBP36.0 million at 31 March 2015) and GBP41.6
million at 30 June 2014. The Company has paid dividends totalling GBP21.1 million
during the year ending 30 June 2015 (2014: GBP8.5 million in the year ended 30
June 2014).
Special Dividend and Autofocus

Continued progress has been made in pursuing claims against insurers and other
parties in respect of Autofocus and other historical claims and a number of
negotiated settlements have been achieved. It is intended to provide a fuller
update in the Annual Report and Accounts for the year ended 30 June 2015 where
the amounts recovered to date will be reported as exceptional income outside of
normal operating profits.

It has always been the Board's intention to pay the net proceeds of these
settlements to shareholders by way of a special dividend and accordingly the
Board is pleased to announce the payment of a special dividend of 1.0 pence per
share and amounting to approximately GBP2.85 million on Thursday 30 July 2015 to
those shareholders on the register at the close of business on Friday 10 July
2015. The shares will become ex-dividend on Thursday 09 July 2015.

Results for the year to 30 June 2015 and anticipated Final Dividend

The Board expects to announce the results for the year ended 30 June 2015 in
the early part of September 2015.

Based upon trading to date the Board would expect to declare a final dividend
at that time of not less than 4.00 pence per share making a total dividend for
the year of not less than 8.00 pence excluding the special dividend announced
above. This total dividend would represent an increase of 16.8%, (excluding the
special dividend) on the total dividend for the financial year ended 30 June
2014 of 6.85 pence.

[capricious71] 09/6/2016 13:17

I think Redde is fairly priced. I'm expecting more excellent results. I love the dividend reinvestment on this. Compounded over the years it's a superb prospect. With the management it has I see it as a hold for many years.

I'm hoping for BREXIT and no doubt that would push the price down as well, as it will with almost everything else (but that's another thread).

[fizzypop] 09/6/2016 09:26

Looking real cheap again.

[bc4] 03/6/2016 11:15

Just over 3 weeks with guidance on full year profits and divi

[nicky name] 02/6/2016 22:24

when is the next statement from the company?

someone playing silly buggars in the interim!

[fizzypop] 02/6/2016 15:47

Back to the usual 161.25p resistance.

[petersinthemarket] 27/5/2016 17:50

It's quite plain that some have been trading the REDD peaks and troughs since xmas. But, once the trend becomes obvious to all, it usually stops. The question is, where does it go now?

[deadly] 27/5/2016 14:56

After the sharp dip yesterday for no apparent reason allowing me to get some at 161, glad to see it's rebounding strongly today. Wish I'd got more.

[capricious71] 27/5/2016 11:32

Long term hold. Excellent dividends.

[fizzypop] 26/5/2016 16:55

I'm banking on 175p for the bounce.

[bruceylegs] 26/5/2016 16:54

It's struggled since March to stay above the 50d MA. It's not cheap but not outrageously expensive either for a quality company that's growing and paying healthy divi's.

[fizzypop] 26/5/2016 16:53

Spot on pb1 161.25p at close.

[pistonbroke1] 26/5/2016 16:43

So the question is how high will it bounce?

[my5harebox] 26/5/2016 16:41

161.25 it is.

[fizzypop] 26/5/2016 16:00

Whoops wrong again.

[pistonbroke1] 26/5/2016 15:59

It's bounced off a closing price of 161.25 5 times in the past so my guess is close at that level.

[fizzypop] 26/5/2016 15:05

Lets guess 150p by 4pm today.

[solrei] 26/5/2016 14:42

Must be an institutional investor reducing every time we get above 170

[fizzypop] 26/5/2016 14:32

I would be inclined to top up around 150p not 160p looking at the chart.