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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
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 429.50 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 429.00 | 430.00 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Passenger Car Rental | 1.83B | 125.02M | 0.5514 | 5.59 | 973.85M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 429.50 | GBX |
Redde Northgate (REDD) Share Charts1 Year Redde Northgate Chart |
|
1 Month Redde Northgate Chart |
Intraday Redde Northgate Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 19/5/2024 | 15:32 | Redde plc - accident 'restoration' activities | 4,880 |
| 28/8/2016 | 11:13 | Is LGT the next REDD? | 9 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 15/5/2024 14:55 by pj fozzie Happy with the trading update and the ongoing share price strength. Absolutely flabbergasted that over 99% of the vote went for the name change. Simply unbelievable!Cheers, PJ |
Posted at 15/5/2024 09:44 by deanowls Any way loads of NAV, around 55-60p per share earnings, cracking dividend, growing business, shares way above average of the buy back.It can keep on zig zagging up for me! |
Posted at 13/5/2024 20:53 by wbodger I invested in a company that changed its name in order to get away from the association with a failed attempt to provide Lateral Flow Tests during Covid. It allowed them to wipe out their history associated with the old Epic Code, and essentially there is no history on record, except where the Company provides it. The London Stock Exchange site moves all RNSs for replaced Codes to an archive and it is difficult to access them unless you remember the old name.There is no way that Zigup is going to keep the REDD epic code, so all RNSs will soon be history. Be warned. (Irritating that they will lose all the history of share buybacks under the Buyback Authority.) |
Posted at 26/4/2024 12:59 by rcturner2 I think though if you sell REDD you are selling a value share that is still pretty cheap in my book. I have run over the numbers today and it is still a long term hold for me. Decent dividend, low PE etc.I don't think we are the target market for rebranding exercises, you have to acknowledge that we are (mostly) old farts who know nothing about these things. |
Posted at 12/3/2024 10:15 by deanowls I’ve been wondering about the dlg takeover currently in play. Is there an opportunity for redd, dlg want more cash, could redd take the workshops and a long term contract by teaming up with whoever possibly takes over dlg. More coverage, big contract, what’s not to like? |
Posted at 28/2/2024 12:37 by rmillaree i think they were similar before halfords went into freefall. they had their chance for merger of equals and they turned it dwon (halfords)my only worry here is that redde do offer premium to prevailing halfords shareprice - if thats likley to be the case one would be better off holding halfords shares at the time. at current low price though i suspect that might need to be done based on boards prior rejection. Unfortunately with debt where it is i am not convinced hostile takeover makes sense when reddes shareprice is so lowly rated - as that would invariably involve dilution - i am sure they would say its earnings accreative but reality is not sure redde need the hassle of integrating if they are doing ok - i do concede there coudl be compelling logistical efficiency reasons though why it could still be no brainer even if i dont like the fact halfords may get summit on top for clealry poorer business. |
Posted at 09/2/2024 14:44 by rmillaree "This has all the feel of being deliberately run down before being taken private - and then relisted 3 years later at 3 times the price."huh this sounds like nonsesne to me - updates from the company have been clear transparent and pretty much on the money - they are outwardly exuding confidence not the opposite. Surely if they wanted to do what you are saying they would be sending the opposite signals Directors dont move the shareprice the market does - if there are worries about material drops in residual values of vans that explains recent share price weaknes.. Where on earth would the board get the moeny to take it private? Even if they tried sharehoilders ultimately choose what happens. |
Posted at 09/2/2024 13:48 by largeronald Seen it happen before - a seemingly flourishing company generating cash hand over fist having its share price walked down for no apparent reason whatsoever for 6 months and then, lo and behold, an offer recommended by the board to take it private comes in at a derisory price. Three years later, back it comes on the market. |
Posted at 07/12/2023 08:07 by zho Redde Northgate’s share price has been on a rollercoaster over the past few years, and there is still a lot of uncertainty over the supply of vehicles and the electric vehicle transition. However, we like the fact that demand is robust, margins are stable and headwinds seem to be easing. The share are also very cheap, trading on a forward price/earnings multiple of just 6.8. Buy. |
Posted at 18/11/2023 17:49 by schofi2 Van rental outfit Redde Northgate has made a £1.4bn merger approach for the high street bike and car repair chain Halfords.It is understood that the pair have held detailed talks about a possible tie-up after Redde Northgate, which owns 130,000 vans and corporate cars in the UK and Spain, made a firm proposal to Halfords. A City source said Redde Northgate had proposed a nil-premium merger, but the discussions were abandoned because of disagreements over price. The Halfords board is thought to have concluded that any such deal on the terms laid out would have undervalued the company. However, it is believed that Redde Northgate could mount a fresh bid if the valuation gap between the two sides closes. It is understood that the Takeover Panel was informed of the discussions, which took place in the last few months. A source close to the negotiations said: “There were discussions about what an integration of the two businesses might look like but there were questions over the valuations of both companies. “Both share prices weren’t doing fantastically well at the time so there is nothing live at the moment. However, it could come back.” Founded in 1892, Halfords is one of the most recognisable and biggest names on the high street. It has roughly 12,000 employees, nearly 400 stores, and close to 650 garages providing full repairs, MOT’s and other services. Its annual turnover was £1.6bn last year. At current values, a nil-premium merger would value the combined company at close to £1.4bn. With its shares trading at 365p, Redde Northgate has a market cap of £843m. Halford’s shares were changing hands at 234p on Friday, giving it a stock market value of £512m. Halfords’ share price is up 8pc this year, but 20pc over the last month. Shares in Redde Northgate have fallen 12pc since the beginning of 2023, but have climbed 13pc in the last four weeks. For the time being, Halfords has its sights set on much smaller targets. The retailer is among the bidders for Wiggle, the online bike chain that collapsed into administration last month. Redde Northgate was created during the pandemic when van rental specialist Northgate joined forces with Redde, formerly known as Helphire, which sorts accident claims from businesses and company fleets. It went on to snap up the remnants of vehicle repair provider Nationwide Accident Services. The company’s customers were historically the smaller end of the market but it has added some large corporate clients including Royal Mail, as well as several government departments and local authorities. Chief executive Martin Ward has said that its customers prefer vehicle rental over ownership because it provides “flexibility over the cost of owning vehicles”. In recent years, growth at Halfords has increasingly been driven by its network of car garages, which are more profitable than selling bikes. Sales now represent 40pc of total group turnover compared with just 14pc five years ago. The company’s stated aim is to become “a motoring services-focused business”. It experienced a boom in cycle sales during lockdown but that soon fizzled out. Halfords used to be owned by pharmacy giant Boots before it was sold to private equity firm CVC in 2002. It returned to the stock market in 2004. Redde Northgate and Halfords both declined to comment. |
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