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talking to myself new name reddenorthgate
will there be a change of name ?.
Not sure when the merged divi would be due, but it will be twice covered by earnings. Merged divi would have to be a few % lower than Redde's current 10.5%. Share price moves yesterday have rebalanced market caps for both companies, which acknowledged a (very low IMO) 10-11% undervaluation of Redde shares. Redde shareholders will hold 46% of combined company. After Fridays price moves, Redde cap now £340million, Northgate £419million. £340mill is 45% of combined £759mill.
What happens now? I'm a redd shareholder and don't understand why Redd shares went up and Northgates down both by significant amounts. Can anybody advise when the new shares will go live and at what price. Was holding Redd for its divi. Does anybody know when the next divi date is for the combined group? Thanks
i think the merger will be a good match..
Agree with your thoughts and like you taken by surprise. Averil Palmer Baunack quite capable as well so hopefully a good combination for the future.
I was holding Redde for the 33% dividend over the next few years. Now we get a lower dividend but which will grow as the combined company delivers its strategy.
This slightly came out of leftfield for me but the more I think about the more it makes sense. Should be some significant cost and working capital synergies. I don't really know enough about Northgate at this stage to evaluate the revenue synergies.
I'm pleased Martin Ward will stay in charge, I think he's done an outstanding job, despite the share price underperformance.
I see Northgate is merging with / taking over Redde. The generous divi is disappearing although how sustainable it was is questionable. Northgate will own 54% Redde, Redde 46% of Northgate
northgate results are out ...........
Thinking of buying back in here after being away for the last couple of years.
Am aware of the loss of the major insurer and that this will manifest in this years accounts. However the insurer accounted for a lot less percentage profit than the loss of turnover. So it looks to me that potentially the SP fall has been overdone?
Coupled with the near 10% divi, wondering if this is a good purchase at the time being.
Question is, am I missing something, is the divi safe and is the debt at a sustainable level? In short, would you realistically buy (or re-buy) at this price point if you had the cash?
Welcome positive and negative opinions! Thanks
RNS Woodford down to less than 5%
That is ridiculous, the crook is crooked all the way
The large sell was done on 5th September, and no Tr1 till today
chart with volume
http://uk.advfn.com/p.php?pid=staticchart&s=L%5EREDD&width=600&height=260&p=2&t=1&dm=2&vol=1&cb=
mm would mark down price in anticipation of large sale or not ?
optimisticg
That is what I thought, they could have sold some but not enough to be declared, like under 19%
@MasterRSI
The last RNS, involving holdings from Woodford, was on 13 June 2019. On that day, he reduced holdings to 19.87% as you state. So he still has 60,940,731 according to last RNS I can see and hasn't sold any since.
Not today
Neil Woodford's flagship fund to be shut down
https://www.bbc.co.uk/news/business-50052945
Have Woodford sold any since June 27?
Significant Shareholders from the Redde website
As at 27th June 2019 there were 306,706,045 of Redde plc’s ordinary shares of 0.10p in issue, none of which were treasury shares.
Holder .................Percent
Invesco Perpetual ...... 29.04%
Woodford Investment Man. 19.87%
Richard Griffiths & Asso. 7.67%
Polar Capital ........... 5.27%
Aviva Investors ......... 3.97%
Well the car insurance crackdown isn't helping...
The share price has fallen from 129, looks good for a bounce back to 120. I’ll be loading up first thing
IMHO
As the Target 125p was successfully achieved, the Indicators have turned negative, as the share price has gone over the TOP Bollinger Band.
chart ... https://tinyurl.com/y6jdlf4n
Still moving ahead.
Volume is the key and there is plenty today 271K so far
Yesterday at this time there was only 42K, so is 8 times
BREAKOUT
123p +3p
Has gone over the last Intraday high
Intraday chart... http://uk.advfn.com/p.php?pid=staticchart&s=L%5EREDD&width=475&height=330&p=0&t=1&cb=
Very close to a Breakout if done then aiming for 125p
Chart .... https://uk.advfn.com/p.php?pid=chartscreenshot&u=6%2BASa%2Bw%2Bzfur33XgkGxdBjxEbMqVruSHwmEzwPoVYw8%3D
Someone is very interested in getting stock as after hours there was a good size buy deal 65K
12-Sep-19
17:10:28 120.00 65,000
120p +5.20p
A very good bounce today after the last couple days of retracement
There was some demand for the stock on the order book after 10 am to the end of the day with UT at 120p with 35K, that was the lot place at this higher price on the order book and all was given.
Noticed the "AT"s after the close almost the same amount as the UT.
The volume today was about double 851K of the last couple days of 436K, 360K and 408K
RNS
Name Société Générale SA (SG SA) Puteaux, France
5. Date on which the threshold was crossed or 09/09/2019
6. Date on which issuer notified : 10/09/2019
7. Total positions of person(s)
Resulting 6.88%
previous notification 5.99%
Steady progress on the share price after the Marked down at Opening with UT at 115.20p, order book act funny sometimes, and this was the case today, currently at 119.40p and plenty of "AT"s being taken at this price