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Agree.
In his diary he said he exited straight away yesterday upon results...
Probably not, his stop was meant to be 160p.
Wonder if robbie burns is still holding?!
I do like this company and had two of my alerts hit for it yesterday and today.
Good results imo but the problems I see here are:
Buying in now would be trying to catch the falling knife. Better to wait and see where it stops dropping and goes sideways.
Major support imo is at 140p
Fundamentally the negatives are increased debt, decrease in cash and debtor days increased again to 109 days after already increasing previously.
No increase in the divi. As another poster said before, REDD has been paying too high a divi (7% I believe).
The PE is not too high, but it is higher than it's Industry average.
The book value of the company is only approx. 52p.
Looking forward, the company has stated the second half of the year is not likely to be as good compared to previous year.
As I said, I like the company and it is doing ok but I do feel there is too much risk here atm. Nothing major, but lots of small things that could drive the price down that makes buying now before we know what will happen with brexit a little risky.
I intend to purchase at 140p a small amount as it is major support there. If that breaks, then REDD could be looking at 61p to 53p where I certainly would be piling in.
Sorry for the negative post. Good company, just wrong time to buy imo.
gla and hope I'm wrong for you, but if i'm not, look at it as a gift price to buy at.
They have been giving away too much in dividends over previous years and have now realised this. It's a good move but market hates not getting a % rise everytime.
Net debt doubled, debtor days increased, H2 outlook not as positive may explain drop...
hopefully see the rise upto the next update, potential 6p divi and then back down again or maybe not? i like this share, good place to be.
Issue Date: Tuesday 18 December 2018
Redde plc ('Redde' or 'Group')
Trading Update - Growth continues
Current Trading
The Redde Board is pleased to announce that the Group's positive start to the
year that we referred to in our full year results announcement on 6 September
and AGM statement on 24 October 2018 has carried through into December.
Sales again show an increase over the corresponding period last year reflecting
continued growth in trading volumes and as a consequence, trading profits are
ahead of the corresponding period last year.
Results for the 6 months to 31 December 2018
The Board expects to announce the results for the 6 months to 31 December 2018
on Wednesday 27 February 2019.
Anyone know when trading updat coming. Have made good money last 3 updates.
Trading update next week should be very positive
Got latest dividend on my shares - well pleased - thanks REDDE
As you may recall, I have been here since the pre consolidation 1p days - when it looked over. TBH sold most of my holding but keep a few and might add back - what I meant sorry is that the share price has traded within a tight range 170-200p for some time now and I am not sure what it will take to break out of the range. Increasing the dividend is the right policy but maybe another acquisition at some point? gl
High income yes boring N0, profits have been growing at 10% plus for the last 3 years and so have the div with more to come!
Profit taking? Some moving funds elsewhere. Lets be honest, REDD is now a decent income stock - safe (as can be) but "boring" .. which isn't to everyone's taste. Gone are the wild high risk swings of 4-5 years ago!
Very good trading update
Current Trading
The positive start to the new financial year, which I described in my statement
of 5 September 2018, has continued since that date. Sales show an increase over
the corresponding period last year reflecting growth in trading volumes and, as
a consequence, trading profits are ahead of the corresponding period last year.
Early indications are that this trend has continued during October and the
Board continues to regard the outlook for the financial year as positive.
Come on...... only 0.8p..... you can do it.
let us crack £2
Seems to be more than possible, progressing really well, 20% up!
It’s good news, I took some out on Friday for another share at 13% gain, still got some more I can leave.
Tipped in IC and broker upgrade!
The last IC recommendation on Redde PLC shares was Buy at 184.00 on 07 Sep 2018
Read the full Any one got it?
Redde (LON:REDD) had its price target raised by analysts at JPMorgan Chase & Co. ( ) from GBX 197 ($2.54) to GBX 207 ($2.67). They now have an "overweight" rating on the stock.
Are there good enough to see the sp continue north or back down again to 160 ish