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You would think so, quite understated as an update bearing in mind no divi update which we have seen before. Maybe special divi plus plus? Good place, slow increase towards £2. It was seen as overvalued sp so better results start to shift that and with Woodford owning 25% great long term confidence. He claims to be positioned ready for the bubble to burst!
This was over 200p when its renue and profit was no where near as good as it is now. 2018 dividends will be no less than 11p at a conservative estimate and solidly covered. Anyway the smart money will catch up and send this back over 200p soon. Neil Woodford has spotted the value and his various funds now hold just over 25% of Redde. We will get a broker rating uplift as soon as the numbers are out for sure.
I expect the sp. may rise into the 180's judging on past performance. Hopefully this time it will keep going Good luck C8.
There will be a increase in the Divi for sure
Very simple, no mention of divi, just motoring along
Trading Update – Continued Growth in the First Half 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 7 September and AGM statement on 25 October 2017 has continued through into December. Sales continue to 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 2017 The Board expects to announce the results for the 6 months to 31 December 2017 on Thursday 1 March 2018
Taken from ADVFN Sphere25 Spoke to investor relations and trading update confirmed as being early next week. There was alot of buying coming in yesterday ahead of that update so clearly the market is confident. Unsure how confident, but it would be nice to get a beat, although an in line statement should be sufficient to help the stock higher as it likely means another year of continued growth and another nice dividend in the bag. Broke out on strong volume yesterday with some large buys mopping up what was persistent sellers at 160. Abit of volume today should really see the stock push on higher. There's an indices re-jig today too, so I think we might get some added demand coming in this afternoon with a larger than normal closing auction. Been adding to my position on that break of 160.
Last year they were given on Dec 15th.
anytime around now, maybe tomorrow?
Been mentioned earlier about a trading update. Have had a look online and cannot see anything. Has anyone any ideas when this could be? Thanks
Thought ot a good idea to get in here again before sp. takes off again Good luck. C8
They now own over 25% of the company,he's looking for a good divi announcement next week. On the last one I reinvested, small amounts but adds up.
Yes, next Thursday an update plus divi. It was 5p last year, add 10% ish and somewhere close in feb. last update they where ahead, hopefully still are
There will be a trading update next week with guidence on profits and Divi
Divi in, happy to leave, maybe around 6 pence next divi?
I'll place it straight in here and buy a few more. Yielding 6.9% as this drops, Woodford has confidence in the business, plenty of growth and a dynamic team.
Share price looks ridiculously low to me. But maybe that's because I bought in the other day at 157p, D.
Is the share overvalued or connections with car industry that can have an impact which create a worry for the future? Not sure, hasn't really moved up to divi this year
Good update both divi and progress
Another good update At today�s AGM, Avril Palmer-Baunack, chairman of Redde plc will be making the following statement regarding dividends and by way of an update on current trading of the business in respect of the period from 1 July to 24 October 2017. Unless otherwise stated, the financial and operational data, where identified, relates to the 3 month period that ended on 30 September 2017. Dividends Shareholders are being asked today to approve a final dividend of 5.60 pence per share, amounting to �17.0m which, if approved, will be paid on Thursday 2 November 2017 to those shareholders who were on the register at the close of business on Friday 6 October 2017. This dividend, if approved, will result in total Ordinary Dividends in respect of the year ended 30 June 2017 amounting to 10.60 pence per share totalling �32.2m in aggregate and will result in the payment of our twelfth consecutive dividend since June 2013. Payments since that date will amount to �105m representing 38p per share. Current Trading The positive start to the new financial year, which I described in my statement of 6 September 2017, has continued since that date. Sales 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. Early indications are that this trend has continued during October and the Board remains confident about the Group�s prospects for the financial year as a whole.
You know redde is in Woodfords top 10 holdings in his income fund!
Seems to now be happy at going over 1.8, will it keep going on run up to ex divided date?
Less than a fortnight until the divi cut off. Good progress since financials announced and expect this to continue next week as pi's get in for the dividend. Over £2 is more than fair value here with continued excellent results & would expect to see sp nearing this figure in the next fortnight.
Over half a million buys in the last 30 mins, I bought this morning at 175 now buys upto 179