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Hooray !
Shows he has confidence in it even if the market thinks otherwise
Something positive at last c. £200k
250's as predicted 23rd Jan, still likely getting crushed again tomorrow if the wide sell off continues. Shorts loving this macro.
I see no sign of the combined entity trading so far. Market cap remains the same for Northgate, name remains the same. Has it been delayed for some reason or does it kick of later? Dreadful day on the markets withstanding, shame to see NTG down into the 260's at one stage.
Bought 1.6 million @an average of 2.86
This must be a strong buy in the 2.80s
Fill your boots people
Yes noted about the divi
Not very nice of them
Took my profit and sold my REDD Stock Friday might buy a stake in NTG oversold ???
Arsenal58, as Specialonek stated the Redde shares will no longer trade as per the RNS "Suspension of trading, and dealings, in Redde Shares 7:30 am on 21 February 2020" - therefore there will be no divvy!
Arsenal58 the merger will have been completed before then so there won't be a dividend payment. Check out the RNS.
pretty asymmetric here imv
with decent tnw support, synergy gains to come and modest earning ratios
DYOR, all
I am buying Redde for the divi
I am in at 101 and 102 for 10000 but if the big boys keep buying I will be happy enough to sell at 110 lol
Only Millenium rasing there short today
fortune favours
..
That's the problem when a share declares it may be subject to a takeover/merger then everyone who owns over 1% has to declare whatever they buy or sell hence the storm of rnsssss
Drowning in RNS' but no news. Perhaps an update would help.
hi Jolly
hard to call this one.
Negatives, share being shorted, could be some nasties in the figures of either NTG or Redde we don't know about? Market doesn't like the merger? After merger NAV will be lower than Share price. Currently NTG NAV is well above SP around 480p I think whereas NAV for Redde shares is 20p ar SP of £1. NAV always gives a gave a good floor under the shares if it is in readily saleable assets and trading goes belly up.
Positives. hopefully the combined market value will at some point be high enough to get into the Ftse 250 where trackers have to own shares (when DIGS went into the 250 the SP moved up nicely).
Synergy should reduce costs and increase profits, maybe some scope for cross selling whilst also diversifying business.
News would be good to make a rational decision but the most recent update didn't show any red flags. Unless the market really think this merger is a very bad idea there seems no reason for the sell off.
it sure is a trading gamble (although buying volatility isn't such a mad plan)
I had LT value in mind
Many of these copious RNS filings detail insti held shorts under .5pc notifiable, some hedges for longs, some outright short. It's a gamble here without news, surely.
Samson rock increased its short position from .5% to 1.1% on the 20th. When shorters start messing about with a company like Northgate that seems well run and profitable it may present a good opportunity to buy the shares for the recovery. The great difficulty is timing you don't want to catch a falling knife but often when they bounce they move up quickly
surely?
on combined TNW & adj EBIT (esp with synergies)
Redde getting hammered too.
What are Crystal Amber up to here, these days?
Another convincing drop today, down to new lows. 250p next without news?
Hullabaloo. Combined value after merger of present Mcap values £380m Northgate plus £324m Redde. Total £704m.