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you clearly live in the south of the UK
It’s a play on many things, these are some of mine-
Northgate – covid with home deliveries lots of white vans needed. Redde – recovery stock, as vehicle numbers increase on the roads, more claims.
Potential for synergies between Northgate and Redde plus the ex-Nationwide repair centres. Possibility of elevation to FTSE250.
Negatives- no deal Brexit, impact on cost of imported vans/spares. Why did Redde’s revenues drop 10% in Oct? I was expecting them to recover a further 10% not fall. Residual van values going forward with a move to EV’s. They still have a lot of debt.
interesting...this is really a play on northgate not redde
Legend, thanks
Redde had 306,868,351 shares, exchanged at a rate of 0.3669 for new Northgate shares.
Following Completion, Northgate Shareholders will own approximately 54 per cent. and Redde Shareholders will own approximately 46 per cent. of the share capital of the Combined Group.
Thanks Monkshood, any idea of dilution percentage? Lots, 000s, of RNS from that time.
But of a dip this morning but picking up now. You may have seen Richard Leonard’s interview on PI World where he is very positive on Redd. Cheers
Yes, early this year when Redde and Northgate merged.
Morning all, new to this board. Does anyone know if there have been previous dilutions of this share? Thanks
Which is now looking like it may be a mistake....
I was surprised that Redde was down 10% in Oct (from Sept) it is likely to be down even more during the lockdown in Nov.
They also flag that there is the potential for a negative short term impact from a no deal brexit,
I think that longer term this still has potential but I have reduced until the brexit deal outcome is clear.
They are for H1 of Financial Year 2019 - 2020 and H1 of Financial Year 2020-2021 - in shorthand H1 20 and H1 21.
I don't understand their figures, they show columns for
H1 2021
H1 2020
Is that the H1 2021 a mistake?
Redde business continuing to suffer from reduced traffic volumes and amortisation costs which I didn’t foresee; but overall, my views have not changed about the future potential of this business.
A bit late now, but if my numbers are correct, anyone who sold today is going to regret it. I spent quite a bit of time trying to predict their results and have a nice average around 190p. I have been looking forward to tomorrow since September. They are my biggest holding. Just for the fun of it...
Revenue: £594m
Net income: £33.6m
Interim dividend: 6.1p
Assets: £1,792m
Equity: £871m
Cash: £16.8m
Probably miles out! lol.
traders' play? what doesn't break upwards "sell"
the retrace was v shallow before, so may want to retest 235p area
And a strange drop today? Expecting good results? Have I missed something (again?!)
disappointing retrace
bought more @240ish...belch
tp £3++
Apologies for the confusion. It looks like the system I use has got the wrong info:-
Upcoming Events for REDD
Show recent events
Friday, November 27th 2020
Half Year 2021 Redde Northgate PLC Earnings Release
Tuesday, December 8th 2020
Half Year 2021 Redde Northgate PLC Earnings Presentation
As Warno says the RNS states 8/12
I'm confused, I thought interims were on the 8th?
The RNS came out on 16th Nov saying for 8th December.
Monks do I have the wrong data..I just doubled checked:-
Friday, November 27th 2020
Half Year 2021 Redde Northgate PLC Earnings Release
Tomorrow? They are on the 8th Dec.
Top up time
Expecting excellent results tomorrow
The revised offer for ELM is pushing this higher, thus Redd moves down the list and the price drops.
If ELM does go up and then get taken over, there will be a slot - it does mean that Redd's intrims will come into play more though.
here comes your retrace
what do you reckon 225ish?