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Glad I didn't top up yesterday!!.
Bang goes the divvy in the future as well then!!!?
Get out now
and just when the share price couldn't get any worse! What a free fall for this one
Big drop coming after that rns
I think you could be right. I was hoping for a good bounce of this support but doesn't seem to be happening.
I'm out with a £65 loss. Will wait until it settles down properly and re-asses.
gla
Leave longer, no benefit in getting in yet
Well that makes a lot more sense. Ex being the day after the divi. Thanks.
" learnt was to buy on ex-divi day, as the price would drop the divi amount and you are still entitled to the divi until the end of this day."
No you are not entitled to the divi if you buy on the ex-div day - that's why the price drops by that amount. You are only entitled to the divi if you hold at the start of the day i.e. before trading starts
5.5p
Hi
I have a small amount invested here since the days of Helphire...
A few weeks ago this was 187p..now 137p..massive fall since results.
I'm tempted to buy more at these levels as this share always seems to bounce from lows.
What was the amount of the divided today 8p ish?
Thanks.
http://www.chartupload.com/viewer.php?file=38050328851895981598.png
The support is not actually broken yet, as shown on the chart. It may well carry on down still, but could also bounce from here too. Lines shown below are also support, but not as strong.
Today was the ex divi day. On these days the share price always drops the price of the divi on opening. (don't ask me why, it makes divi payments rather pointless in my view).
https://finance.zacks.com/stock-price-change-dividend-paid-3571.html
I'm a little annoyed with myself for buying the other day and not waiting to today as a little trick I learnt was to buy on ex-divi day, as the price would drop the divi amount and you are still entitled to the divi until the end of this day.
Now, with the sp being so close to the support, dropping the sp the price of the divi in the morning will likely trigger a lot of stops. If you look at the trades gone through, there is a lot "A" trades which are likely the stops being taken out.
This can cause a snowball affect and send the price tumbling. At this stage, I can not tell if the support will hold or not but the fundalmentals are not bad, so it's not a bad company to hold and add on any significant drops.
There is a large trade for 10:36 which will be a sell and then a smaller trade at 12:08 ( but still large) that will be a buy.
I have doubled up here at 138p.
gla
Two large buy trades today, is this the buying point?
Well that's been obliterated at 140. Now where??
Well that's been obliterated. Now where??
My alert has triggered at 140p where there is major support. I have bought in a small amount as I think it could be a good spot to bounce back. I do dislike catching a dropping knife (hence a small trade).
Ex divi day on 7th March.
Agree.
In his diary he said he exited straight away yesterday upon results...
Probably not, his stop was meant to be 160p.
Wonder if robbie burns is still holding?!
I do like this company and had two of my alerts hit for it yesterday and today.
Good results imo but the problems I see here are:
Buying in now would be trying to catch the falling knife. Better to wait and see where it stops dropping and goes sideways.
Major support imo is at 140p
Fundamentally the negatives are increased debt, decrease in cash and debtor days increased again to 109 days after already increasing previously.
No increase in the divi. As another poster said before, REDD has been paying too high a divi (7% I believe).
The PE is not too high, but it is higher than it's Industry average.
The book value of the company is only approx. 52p.
Looking forward, the company has stated the second half of the year is not likely to be as good compared to previous year.
As I said, I like the company and it is doing ok but I do feel there is too much risk here atm. Nothing major, but lots of small things that could drive the price down that makes buying now before we know what will happen with brexit a little risky.
I intend to purchase at 140p a small amount as it is major support there. If that breaks, then REDD could be looking at 61p to 53p where I certainly would be piling in.
Sorry for the negative post. Good company, just wrong time to buy imo.
gla and hope I'm wrong for you, but if i'm not, look at it as a gift price to buy at.
They have been giving away too much in dividends over previous years and have now realised this. It's a good move but market hates not getting a % rise everytime.
Net debt doubled, debtor days increased, H2 outlook not as positive may explain drop...
Half/year results on Wednesday
hopefully see the rise upto the next update, potential 6p divi and then back down again or maybe not? i like this share, good place to be.
Issue Date: Tuesday 18 December 2018
Redde plc ('Redde' or 'Group')
Trading Update - Growth continues
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 6 September
and AGM statement on 24 October 2018 has carried through into December.
Sales again 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 2018
The Board expects to announce the results for the 6 months to 31 December 2018
on Wednesday 27 February 2019.