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https://www.lse.co.uk/rns/REDD/statement-re-press-comment-9gv0ukv1sveztlv.html
nice synergy :-)
as stated balance sheet being well managed and de grossing fleet etc so all looks set for a great turn around going forward :-)
Can anyone shed any light on REDD's current cash please?
The old Northgate company ran negative cash & cash equivalents in 2015, 2016, 2017 and 2019.
The old Redde company historically faired much better on cash until it was slashed in 2019.
I believe the new aggregate cash position will be significantly negative. Is this something we should be concerned about - especially under the current climate - or is it just the nature of this sector?
I do hope your right because at the moment it’s a word I can’t print here!!
Just because you can't be bothered to find out what a company does doen't make it a bad business, or its top management inadequate. Redde has multiplied my investment over the last few years. Be patient and they will do it at the combined business.
Good article - this what Northgate has done well at for decades with high utilisation on the rental - a good sound business. Redde is what? Nobody has heard of this business let alone what it’s doing - why is it now added to Northgate? The market does not understand and I certainly do not and more to the point it’s Redde management leading the business - disaster - we hear nothing from the CEO nor the Chairperson whose idea this was as she has previous experience with a Redde.
As a shareholder I am ****ed off with her - Northgate should go around £5 but is being dragged down by Redde.
Mrs Chair pull you finger out or are you looking for a big pay out like Stobart ???
Invesco has gone to 0.01% or 33,264 shares from 17/07/2020
so no more selling from them.
I had to post this from ADVFN from someone on the rental business, very bullish on the disposal of the vans.....as the company said onthe last RNS.... .... "The net number of vehicles returned to branches from lockdown up until the end of April was 6% in UK&I and 7% in Spain. These have been processed and largely held on the fleet pending a final decision as to whether any fleet is excess to future rental demand and should be disposed of. "
rental 20 Jul '20 - 14:24 - Redde Northgate
forget everything the most important thing to redd is the disposal prices and the current market and anyone in the trade knows prices for vans and cars have gone sky high.
redd profits will be up by massive percentages from June 2020 onwards, all the way through next year,
dealers that normally stock for example 100 vans are down to 6 vans in stock.
a £10000 van is up in price by around 20 percent,
Premium Car prices are through the roof too, a BMW M2 trade price £32000 selling through BCA for £44000.
£4500 vans are up £2000 for £6500
U
I would guess now alot of rentals have came back off hire then got sold at super high prices in June and now you cant buy a van anywhere so I would guess northgate side now running at 99 percent ulitisation, and as vehicles go off hire or swap for new vans northgate side making at least £2000 extra per van sold from june onward to continue next 12 months
if northgate side sell and swap for new 50000 vehicles and make £2k over cap for each van then this will bring in 100 million extra profit, (not turnover)
we should have been at a 400 share price anyways, this was dropped due to covid, but redd are winning over the norm proift due to van shortage, so we really should be at a share price of 550 - 600
Follow-through of the movement upon the stock, though the market started well down but now recovering.
Breaking UP from the last month Downtrend
chart ... https://uk.advfn.com/p.php?pid=chartscreenshot&u=mBxV9FOC9XsJl3XCgxDboKDwLbv1kzORjwh0tNQObjw%3D
Finishing strong at the end of the day
That's the way to go forward.
From the UPS thread ......
UPS
REDD 167.70p ( 167.20-168.20p )
Had the retracement and was ready to move higher when today there are some large trades changing hands, meaning any overhang has been cleared and also broken the downtrend of the last 40 days.
chart ... http://uk.advfn.com/p.php?pid=staticchart&s=L%5EREDD&width=800&height=265&p=2&t=1&dm=2&vol=1&cb=
sobering stuff
https://www.bloomberg.com/news/articles/2020-05-23/hertz-files-for-bankruptcy-after-rental-car-demand-vanishes
A different sort of business, but perhaps some similarities.
Hullaballoola, have you ever considered watching the news?
160p +8p
Philip Vincent - chief financier officer - buys shares 19,971 shares @ 149.4p yesterday 22th April
Help me out here guys. I bought into Northgate and was ticking along nicely until the merger. Found it difficult to source info and have since buried my head in the sand. Annoyed to be 50% down.
Would anyone kindly update me on what’s going on and the outlook.
Thank you ??
We had a BREAKOUT last week
https://uk.advfn.com/p.php?pid=chartscreenshot&u=WXaibFXtXnCxtqTmQARXRIa1fQsNHofQ2dz1%2FqWYADA%3D
The breakout point has been resistance for the last couple days as the REDD and the market retrace, a better day on the way today.
Recent Market movement up has not yet got the stock really higher apart from today.
the chart is signalling this move from now on, all thre Indicators are slowly moving higher from the lows, MACD is in a special position as is ready to cross over the "0" point.
" MACD Crossover - crossing the zero line
The simplest strategy you can think of with MACD is trading when the MACD line crosses the zero line. When the MACD line crosses above zero, you BUY."
1 month chart with Indicators
https://charts.moneyam.com/Chart.aspx?Provider=EODIntra&Code=REDD&Size=700*450&Skin=GreenRed&Span=MONTH1&Type=3&Scale=0&Cycle=DAY1&OVER=&MA=50&IND=MACD(26,12,9);RSI(14);SlowSTO(14,3,3)&Layout=2Line;Default;
Below TNW
Still profitable (modest valuations)
Cost cutting to come
Even if you allow only modest value to old Redde
This sp is low for the old Northgate business imv
Somewhere here (170-210) looks a decent floor
but who knows my "analysis" may be flawed
DYOR all
Don't rely on anon posters
More like a reverse takeover - Northgate name disappearing. CEO is a Redde man that news nothing about Northgate and van hire.
This woman as chairman is a bad move - look what’s happened to Northgate investors capital - she’s clever and has a track record but has made a real **** up of this one.
Still believe Steve Smith should be chairman and have push into Europe with growth - but hey what do I know !M
Most of the volume are paired trades - I have heard this mentioned before to do with - CFD's ?? I thought that in that instance it was in the context of it being at the end of the month. Can anyone enlighten me?
I see what you mean about volume- price is not shifting so mm's working through a large II sale??
That is about it, NTG taking over Redde - it is finalised for the 21st . Had it occurred after the 6th March Redde holders would have got a 5.5% div. Mcap of merged group should be >700M which puts it in the running for possible FTSE 250 inclusion/reserve list at a later date. The 'right sort of shares' in this zone often do well which is the reason I am in on this.
What’s the story here in simple terms, a lot of buying going on. I know NTG are taking over but what’s with REDDE thought it was de-listing? Thanks