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#smashingit
Likely to see one more retrace before results come out, although maybe not a low as our all too familiar 1.80s.
Really starting to get some momentum now, I think that this is in part because it is starting to jockey for a place for inclusion in the FTSE250 at the next rebalance. Not sure if it will make it this time, but it was always the upside to this holding that it could easily move up out of the Small Cap Index just by doing 'OK'. The interims come just after (MCap ranking is on the 1st Dec) so they will not affect this (except in the longer term).
I expect this coming week to be pretty poor, although maybe it's just hope rather than anything else as I cut my stake significantly when it entered an overbought 14d rsi. Can't imagine it rises much more before earnings anyway.
Best of luck all.
I think you might be surprised..the RSI & CCI showing overbought together doesnt really mean anything. They are more so confirmation indicators and in this context they are merely confirming the strong uptrend. The chaikin is strong and the MACD is about to cross, which will be a BUY indicator for many. Candlesticks showing both bullish 3 line strike and the last 4 days is close on a MATT HOLD etc etc
I wont be selling this until its over 300
PS Analyst fundamental estimates on EDITBA, Rev etc look very strong and brokers median target is 306 (highest 407) from 6 brokers 3 with BUY 2 with outperform one with hold...rarely do I see a stock like this that ticks all the boxes
At the moment it is tussling with ELM and MSC for a move up, it only needs another 4M on its MCap to gain a slot.
If the big boys want it up, then up it will go.
here comes your retrace
what do you reckon 225ish?
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.
Top up time
Expecting excellent results tomorrow
Tomorrow? They are on the 8th Dec.
Monks do I have the wrong data..I just doubled checked:-
Friday, November 27th 2020
Half Year 2021 Redde Northgate PLC Earnings Release
The RNS came out on 16th Nov saying for 8th December.
I'm confused, I thought interims were on the 8th?
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
disappointing retrace
bought more @240ish...belch
tp £3++
And a strange drop today? Expecting good results? Have I missed something (again?!)
traders' play? what doesn't break upwards "sell"
the retrace was v shallow before, so may want to retest 235p area
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.
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.