We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The 30M share buyback should help boost the share price as well.
"... the Board now expects full year underlying profit before tax for the year ended 30 April 2022 to be in the region of £150m, comfortably ahead of consensus[1] of £133.9m. The Board expects disposal profits to account for c.33% of the full year underlying profit before tax compared to c.43% in the prior year."
Totally agree -- not at any stage where it should effect REDD - and unlikely it will - hold or buy seems good at this price - however when conflict is over - which i guess and hope will be soon - things will get back to some sort of normal - whatever the outcome in Ukraine - just hope not too many greaving for the lost of their sons/husbands on either side.
...unlikely to impact the van hire business, unless they need transport to evacuate the civilians? PER = 8; PEG = 0.7; yield 5.5%; price to book = 1; EPS growth estimate = 14%. seems quite cheap after the 5% fall today.
hold 5k
cheap on 2022 pe or ev/ebit rel to FTSE350
decent prospects/markets; flexible balance sheet (can alter car buys/sells to adj fcf), cheaply debt financed; experienced management
Glad my opinions posted here in July and August came to pass. I joined when it was still Redde and didn't pay very much.
My view is that covid has helped here because many businesses 'mothballed' and reduced plant and vehicles (owned and leased) but now they are wanting to get back trading again quickly and leasing vehicles is a good way of doing that. Plus there are more savings to be made following the merger of these two companies.
Speculation has been up to £6 and certainly I believe REDD will continue to buck the trend. If so then REDD may not then be the ripe target that it currently is. For some while now, most UK companies have been viewed as cheap by foreign predators and we will see a few more go during 2022.
Hold what you got and add where you can has been my policy here. 1N
Many years ago this share was at £12/13!!
A good solid set of results, backing up what has been said previously, with a little more on top as a positive. I hope not, but I believe this company is a prime target for a bidder. I think it's worth at least £5 today. A bidder might be willing to to pay £6/£7. I hope not though as I would like to continue to own. What's not to like. Great potential for dividend growth as well. Feel very fortunate to have bought this in the low £2's in 2020.
Pretty much at all time highs now, perhaps forming a base for the next leg up. I am happy to continue to hold my stake here, particularly as the rumours around a takeover persist.
All looks OK. Barclays have slightly upped their target to 516.
I am annoyed that they have only made their results presentation open to sell side analysts. A lot more companies have now moved to a more open presentation format making these also available to retail investors, but some including Redde still seem to be opposed to this. The Q&A's are often more informative than the presentation itself .
Some good news during a bleak week?
"We are pleased to have delivered a strong H1 performance driven by high demand for our products and services and underlying margin gains..."
...due on Wednesday. Interesting times!
Can you give any highlights ? What was of particular interest from an investors point of view ?
Northgate has always been a good company - have been invested here since 1995
I guess the market overall is having a bad day but hard to see how much more positive the "Trading Update " could have been.
OK, they could have given us some actual numbers but even so all sounds very positive and I'm very happy to stay on board for the continuing journey.
If the SP stays down here or moves lower I'll be buying a few more when the nice divi arrives on Friday.
Interesting - Look at the detail- the current Chairperson of Redde Northgate I
Has previously been chairperson of British Car Auctions/Reede and Northgate so the selling of Reede Northgate to part of the BCA group makes sense.
A deal at £6 plus is good in my view - bring it on.
Bob the Builder
who would be natural acquirer??
Does anybody believe that the Daily Mail might be correct in suspecting that this might be a good takeover proposition. If so, would 675p be a realistic target?
Sitting back, happily watching the SP gently rising.
No need to jump up and down - the people in charge are doing their job turning the company around and as more people come to realise that then the SP goes in the right direction.
Well, with a good yield of 3.5% and rising, respectable EPS of 26 and rising, and still a low P/E of 16.9, this has some way to go even without any rumours.
Looking better than ever - so where are you all? Not a squeak for nearly a month - maybe you just aren't the excitable investors.
1N
Going along nicely here - still happy to hold on this one as it is going to produce some good results over the next 12 months and beyond.
Suspect people got excited about the EV, sustainability aspect of the acquisition and then realized no mention of acquisition price, which cooled people off, hence the late in the day retrace and fall in SP.
Agree seems like a logical expansion and fit for RN but lack of terms leaves uncertainty around terms and financial impact: accretive, all cash, stock etc . Long thought the new version of REDD ticks a lot of boxes for PE but that's not why I invested.
Let's see price action tomorrow.
Well, I could see the benefits and synergy of acquiring ChargeEV because there will be many wanting charging points installed in public places and at home.
SP had risen sharply to begin with and then tanked which is very odd.
Also, the acquisition will fit well with a company that is committed to having its fleet electrified. Is it such a package now that a predator might be interested?
I started with REDD before it became REDDNORTHGATE so I am well up on this.
Certainly, the company is set really well as more businesses recover from the pandemic and take on long term lease contracts. There is a lot of upside to come here.
1noise