Redde Northgate Share Price (REDD)

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Share Name Share Symbol Market Type Share ISIN Share Description
Redde Northgate Plc LSE:REDD London Ordinary Share GB00B41H7391 ORD 50P
  Price Change % Change Share Price Shares Traded Last Trade
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  2.00 0.68% 297.50 677,711 16:35:03
Bid Price Offer Price High Price Low Price Open Price
298.00 299.00 299.00 285.50 290.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 1,243.56 132.69 41.30 7.2 732
Last Trade Time Trade Type Trade Size Trade Price Currency
17:56:40 O 11,648 293.714 GBX
Related Shares
Compass (CPG), Experian (EXPN), Billing Services (BILL), Mi-pay (MPAY)

Redde Northgate (REDD) Latest News (1)

Redde Northgate News

Date Time Source Headline
28/9/202207:10UKREGRedde Northgate Plc Transaction in Own Shares
27/9/202211:26UKREGRedde Northgate PLC Result of AGM
27/9/202210:29ALNCNewsRedde Northgate touts continued good performance in new financial year
27/9/202207:15UKREGRedde Northgate Plc Transaction in Own Shares
27/9/202207:00UKREGRedde Northgate PLC AGM Statement
26/9/202207:10UKREGRedde Northgate Plc Transaction in Own Shares
23/9/202216:50ALNCNewsDIRECTOR DEALINGS: Shell CEO-designate Wael Sawan sells 28,000 shares
23/9/202209:53UKREGRedde Northgate Plc Director/PDMR Shareholding
23/9/202207:10UKREGRedde Northgate Plc Transaction in Own Shares
22/9/202207:10UKREGRedde Northgate Plc Transaction in Own Shares
More Redde Northgate News
Redde Northgate Investors    Redde Northgate Takeover Rumours

Redde Northgate (REDD) Discussions and Chat

Redde Northgate Forums and Chat

Date Time Title Posts
27/9/202215:01Redde plc - accident 'restoration' activities4,667
28/8/201612:13Is LGT the next REDD?9

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Redde Northgate (REDD) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-09-28 16:56:55293.7111,64834,211.81O
2022-09-28 16:51:50297.5011,07432,945.15O
2022-09-28 16:47:54297.535911,758.40O
2022-09-28 16:35:30291.242,7878,116.91O
2022-09-28 16:34:04295.0929,79287,912.02O
View all Redde Northgate trades in real-time

Redde Northgate (REDD) Top Chat Posts

Top Posts
Posted at 28/9/2022 09:20 by Redde Northgate Daily Update
Redde Northgate Plc is listed in the Support Services sector of the London Stock Exchange with ticker REDD. The last closing price for Redde Northgate was 295.50p.
Redde Northgate Plc has a 4 week average price of 285.50p and a 12 week average price of 285.50p.
The 1 year high share price is 447.50p while the 1 year low share price is currently 285.50p.
There are currently 246,098,677 shares in issue and the average daily traded volume is 562,777 shares. The market capitalisation of Redde Northgate Plc is £732,143,564.08.
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Posted at 19/8/2022 16:19 by wbodger
"there was a rumour of a bid" ... that was when Crystal Amber were shareholders of Northgate and were pressuring management to break up the business. Instead Avril arranged the RTO with Redde and CA sold their NTG holding because the Activism strategy had worked but not as they wanted. Then Covid hit all share prices! (Great opportunity as it turned out.) I remember there was a rumour, but wasn't it short on details? (The company that owned "webuyanycar.com", possibly?)
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Posted at 18/8/2022 09:54 by sophia1982
Rental and Fenner66, I have found your exchange of messages very useful. Many thanks! Rental, the annual results date April 2022. How much has the price of vans increased since then? Honestly, I must admit I am pretty confused on how the company presents the depreciation or perhaps I am just ignorant. Take for ex page 33 of the annual results' presentation. You would expect net profit to shoot up when you reduce depreciation, but that does not seem to be the case: "Depreciation rate change will be included in statutory results but will be removed from underlying results so that underlying performance measures are not affected". Probably there will be a gap between IFRS and underlying results, but I would not want to spend my days trying to reconcile the two. If (IF) the residual value of the vans increases substantially - as seems to be the case -, there should be a way for this to flow into the results and the cash flow. On my side, I see a single digit increase in profit for the UK and Spain. Redde could do even better, considering the significant investments recently made. But proceeds from sales (in the UK, I also don't understand how the PPU can be so low in Spain) could be, actually should be, a real treat. Another thing which I do not fully understand is why the company is investing so much and not reducing debt. Perhaps this is required by the business and the competitive environment, but, on the other side, the metrics are less interesting and less valued by the market (hence a very low valuation). Also it makes a less interesting target for potential buyers. If I remember correctly, a few years ago (without Redde), there was a rumour of a bid at (at least) 475p.
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Posted at 10/8/2022 07:10 by purplepelmets
Buyback extended through june 2023 and another 30m squid Bit of a relief tbh. I think REDD is about the only one out there buying REDD shares.
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Posted at 07/7/2022 16:58 by rental
I’m not posting any more after this post Firstly Trust Me Redde get it, avril is as sharp as you will ever find, Vehicles purchased in 2020 2021 and early 2022 on old 2021 deals are going to be worth around £10k over the write down figure, fact Mine our and others I know who own rental company’s, there’s are too. Fact, The accounts will not show this full stop, that’s normal. When we apply for large credit we now show the lender the written down values and also add the trade/retail value of the vehicle to show the massive un accountable net worth we are sitting on, it does not show on the accounts until we have disposed of the asset Please if you don’t believe me maybe write to redd or speak to another vehicle rental Company owner, My question is why are they not letting us know on the RNS, to me I think something will be going on in the background maybe a MBO or another merger with probably constellation group (another Avril Company), please Google them, they have bca, Webuyanycar cinch marshals recently and many more. Im telling you now there is a gold mine here of Net Asset correctly not shown on the accounts. 1 year old vans were selling for say £13995 plus vat In June 2020 (2k over right down average at June 20), the same vans Now sell one year old at £21995 plus vat for example. These 1 year old 21 Reg vehicles were purchased at the same price we were paying in 2020. So I will 100 percent stick with my 1 billion of vehicle worth over write down value on 110000 vehicles thanks And confrim Redde have done nothing wrong with the accounts, the vehicles just didn’t deprecated like there were correctly written down too each month, they appreciated in value instead, which never ever happens normally as we know. As new vans arrive used vans will be sold, cars have risen even more than vans. That’s it im out
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Posted at 07/7/2022 09:38 by rental
Nope you still don’t get it, The impact on todays profit today is still there, like 10 fold normal profit The vehicles have not deprecated at all in last 18 months, but redd have been writing them down still at normal levels up and to may22, Therefore because the vehicle real worth have actually gone up there are maybe worth £10k each over todays write down figure, They should have halted writing down vehicles last July 21 but they didn’t, Which means the massive accounts profit is to come and now, and over the next 2 and 3 years on disposals What redd are Saying is Rental turnover without the diposoals took into consideration will show as higher profit now as the write down is less. It’s all win win whatever, And Redd are sitting on a goldmine of profit to release as they sell vehicles after the rental life. Watch the share price rise when investors start asking the question “””; how much are the vehicles worth today over the written down value””” Maybe 1 billiion than the written down value on 100000 vehicles, which all could this extra profit could be released over the next 18 months with ease, Just look at the accounts of someone like Scot Group who have been selling their ex rentals at 6 to 12 months old.
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Posted at 06/7/2022 20:52 by rental
Fenner66 You not getting what I’m saying above, A Vehicle is written down to say £4000 on the accounts but it’s actually worth £14000 when sold and that’s its true value not shown in the accounts, you can’t appreciate vehicles in your accounts, So when redd turns say 60000 thousand vehicle stock to new over next 24 months, an extra £600 million profit should Be available over the normal asset release figure to reduce debt or buy shares. Vehicles numbers will also drop as you just can’t get the vehicles and the old vehicles will be too tempting not to sell at high profit over write down. The fleet will shrink over the next 12 months, rental rates will go sky high; nothing now will stop rental prices rising further, Some rentals company’s are just packing up and selling their vans, as they can’t get any more and the owners are retiring on huge vehicles profits. So the net book value is not actually Correct, this is completely normal for a rental company but the gap use to be £1000 or £2000 a van, it’s now more like £10000 to £12000 over written down value for every van My own vehicles are worth at least £8 million over the net book value and we have stopped writing our vehicles down as there is no point any further as the gap is huge.now., Every time a vehicle is disposed off we making £10000 to £12000 a time profit it use to me like £1000 to £2500 per van We have massive profit to come here at Redde, 100 Percent, it’s the same with every rental Company I know. A bit of natural fleet size shrinkage due to vehicle shortage and massive future disposal Profit per vehicle shoutout Put us to zero debt within 30 Months I will be at zero debt myself In 4 months from Now, every rental company is going the same way due to what we hold in vehicle stock and the price they risen by, redde should he no exception, no one could mess up what has happened not even the worse run rental company.
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Posted at 06/7/2022 10:05 by rental
Well I think we Doing a lot lot better than we are letting on here, it’s pretty obvious why, so they can continue and renew another share buy back program so as to pick the shares up at a cheap rate, The question is why the buybacks and holding the price back still before letting on how good things really are at Redd, I’m very confident if things stay how they are Redd could have it’s debt to zero in 30 months.
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Posted at 05/7/2022 06:21 by rental
I’ve edited a bit more rental info into my last post so will repost here also, Expecting good results here, My somewhat small van rental company 800 vans just completed its year and net profit was over double the yearly rental turnover, due to the vans going up in price rather than Normal price deprecation with Age, I would expect 4 or 5 times normal yearly net profit at the very least here if they have managed to free up car and van stock to dispose off, I would also expect a huge reduction on the borrowing, due to vehicle shortage and huge profits. Future expectations, huge rental demand from customers due to continued vehicle shortage across the whole vehicle rental industry return higher rental rates (around 26 percent higher now to rent a van for Month), disposal prices beginning to lower since end of May 22 which peeked from September 21 to March 22 If rental demand does return to normal, then the hire company will be disposing of these vehicles at future vast profit, so win win to come, I would also say that if the company has continued to write down the vehicles at the normal level through this vehicle appreciating period then we have a event where the real net asset on the vehicles are prob 40 percent higher than the vehicles write down figure shows on paper at the very least, This company will be sitting on a future gold mine now, having invested up to 3 percent in the old helphire company Myself a few years back I am very confident Avril is a pure genius in her position here and her other positions. The only downsides the vehicle rental industry is seeing right now is rising interest rates, but the lower total borrowing the rental company needs should be offsetting this 2 fold, so should not be a downside, Another potential downside is vehicle reliability and wait times for vehicle warranty repairs at main dealers, the new adblue engine era should be more reliable than they actually are, main dealer staff shortages exist with like up to 6 week wait times for repairs, but again I think Redde has it’s own mechanics that are authorise to carry out warrenty repairs on their own vehicles backed up by the vehicle manufacturers. So not all bad for Redde Improvements required, some of Redde sales centres are truly shocking retail areas, have a look yourself on Google maps, It’s clear Redd needs to now go on the acquisition approach for its own high quality commercial vehicle sales centres, it reported 2 years ago it was doing this, but I’m fully aware this is not happening as reported previously to share holders here. I have both myself, rental and high quality commercial sales centre and this is the way to go my own net profits jumped up 650 percent once the quality sales centre build was completed. Whatever Redde do, they have made a whole heap of money this year and will do the same or more in the next 12 month period due to real vehicle values of their vehicles over vehicle written down values for their existing vehicle assets
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Posted at 29/11/2019 12:20 by martincc
Well it looks like the market is underwhelmed by this deal. NTG and REDD share price falling away. I agree pretty much with Owenski, nothing in this for REDD
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Posted at 29/11/2019 07:16 by trickyricky
Hmm, not sure what to make of this. NTG have too much debt for my liking?What impact will this announcement have on the REDD share price?
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