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Some chunky buys earlier, maybe Woodford is adding again. Since then a few caught out by their stop losses but expect a few more buys for the dividend into the close
Great results again and we should see the sp rise this week as buyers get in for the divi. Given the comments from the CEO about growing the Group further we could have some rewarding news in the coming months - they have made a success of the acquisitions so far, especially with FMG. Its the sort of news that could see us jump 50p in a short period. Without that this should be around �2 based on continued success over the past 5 years.
This is just a strong well run company. Been in for 5 years. Price doubled and around 10p divi per year. Strong buy for me whenever it drops to the low �1.50s
especially considering the general market, Redde keeps on keeping on, good business and continues to perform and nice divi too , not unreasonabe to expect an sp nearer �2.00 imo ;-)
Might see some gains if numbers keep improving?
Good results and increase in divi as expected
wow share up 5p in 3 yrs plus div ,well better than in a bank be nice to see 200p
Until results so good sp progress can be made!!
5.5 pence? Around this mark, no reason why the business hasn�t continued to do well.
Yes everyone�s starting to sense an sp rise before results so slowly buying in. I bought a few more today
So my hoping bore fruit. So here’s hoping for another good ride tomorrow. 😃
Maybe a slight increase in sp the next few days as we get closer to results and divi declaration. I might buy a few more tomorrow also if I can find the cash! Good, steady share looking for further business progress to take the sp to the next level.
We should have a results announcement towards the end of the month, including the dividend. This will move back to 180p & possibly higher, depending on whats revealed. Progress reports have all been good so should see further growth, great div return at these levels. Topped up myself today
1.55p was a great price, with ever improving income etc and expected to be ahead of last year again, would not be beyond REDD ro hit 2.00p again over coming weeks, I added too ;-)
Hoping this will start to move up from this level as we run up to divi date. Although it was a good point for my latest top up to lower the average.
The company has a philosophy of distributing its profits as dividend. It is worth looking at the company's detailed accounts. The adjusted EPS for 2017 was about 11p roughly equal to the dividend. The other things worth noting are firstly that the company has no debt and at the 2017 year end was sitting on �36million in cash. Secondly it translated 91% of its turnover into cash - which is not bad at all.
No great surprise but how low will this go this time are we likely to see 1.55 or less??
Follow up question! If they are paying more per share in dividends than earnings per share where does the 27 mil profit come from?
Dividend per share 10.6....Earnings per share 8.93. I s anybody worried about this .84 dividend cover or does it go with a non manufacturing business? I'm a bit new at all this!
Hopefully won`t drift down too far. If it does it`s top up time again. Good luck. C8.
Yes everyone chases the growth with the same cash so moves from one share to another, just have to decide time to get out. I have a small holding, leaving here to get divi and growth over years.
If history repeats itself this will drift down again over the coming weeks to circa £1.60 as those that have made 10% take their profit. It will then rise again early Feb when the pre half year trading statement comes out and rise again once the formal figures and dividend are announced. The divi which will almost definitely be increased and we are probably looking at near on 12p this year. Once it goes ex div it will draft down again and the cycle will begin to repeat. Additional news is needed to maintain any rise here. Im a long term holder here so more than happy to be wrong but that's how its played out for a while now
I see nothing but an increase in this business as more people and industry lease pretty much everything and hardly anyone can afford to buy outright. this market will grow so eventually there are very few who own cars or fleets and businesses like Redde manage everything. Founded in 1992 and working predominantly with insurance companies, insurance brokers and prestige motor dealerships, the Group provides a range of accident management and legal services. The Group also deals directly with large national fleets providing incident management and mobility continuity and the Group's activities also encompass a range of legal services designed to assist claimant parties in partnership with leading insurance companies, brokers and other bodies. The Group is one of the market leaders in its fields of business; it delivers accident management solutions to motorists ensuring that they remained mobile until their own vehicles are repaired or until they are put in a position to obtain a replacement and it provides legal services ensuring that they are properly compensated for their injuries and losses.
about time 9% up at last but will this run be up to div again then drop back ,might pull out day before div this time then get back in later after the drop ?