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Started: Yorkshireman, 9 May 2024 16:49
Last post: monsa, 19 May 2024 23:27
Since then the share price is behaving much more as one would expect after the recommendation.
Only £5 hheheheheehe
Started: arianydd, 15 May 2024 21:15
Last post: Jab1tt, 16 May 2024 08:53
Was thinking of buying more stock, being 25% up on by buy six months ago.
That is until I read on yahoo finance that EPS is forecast to decline by an average of 14.1 % for the next 3 years. and that its high debt is not covered by operating cash flow.
Time to cash in rather than buy?
The new name seems to lack the dignity and gravitas of its predecessor but no doubt the Board will be hoping that they have captured today's zeitgeist - whatever next!
Started: Transan, 15 May 2024 14:05
Last post: Krustysmegma, 15 May 2024 14:56
Utterly ridiculous, especially when combined with management-speak justification like "The Board believes that a more modern brand and name reflecting these changes will also help shift the narrative with all our stakeholders towards the Group's strategic direction of travel. This is aligned to our updated purpose, 'to keep customers moving, smarter'.". At least they're not changing the trading brands, so hopefully any corporate reputation damage should be minimal. Not much point saying any more about it, this site will have disappeared from LSE in about 10 days time to be replaced by a blank ZIG page, see you all on the other side. FYI, sites like HL port the "old" information across when names change, so you'll still be able to track the history of REDD on their new ZIG page, unlike LSE where it's effectively lost to viewers.
Have been a supporter of this company since 1990’s but I think the name change is ridiculous
What does it mean or stand for nothing - better putting the energy into growth!
Started: Bearraider, 15 May 2024 10:32
Last post: Bearraider, 15 May 2024 10:36
Forgot to add I like NAV which shows that debt is more than well covered , much of the NAV is in vehicles which are easy assets to sell and normally REDDE sells for above the booked price shown in the NAV
Having owned REDDE since Northgate days and believing in the synergy of the merger it has been good to see (after initial hiccups) the year on year growth in both T/O and profit since then, the statement today says that has continued into year end 24 (final results in July but looking good).
Redde has proved to be not only an excellent value share but also a growth share, through the Covid downturn, and high interest rates (to which Redde is vulnerable as it has large borrowings to finance vehicles). Well done
I like still low PE (around 7), Good Div (around 6%) increase to come?. Vehicle supply in UK now improving (this has been holding REDDE back in UK) better supply in Spain shows in most recent growth there.
I dislike the proposed name change, ugh!! and any attempt to buy Halfords as a whole unless in a fire sale or some of it's sites which will suit REDDE site expansion plans for greater geographic spread
Started: Krustysmegma, 15 May 2024 08:13
Last post: Krustysmegma, 15 May 2024 08:13
"As a result of the continued momentum in the business, we would expect to report full year results in early July towards the upper end of the consensus range."
Started: W.H.L., 7 May 2024 14:51
Last post: W.H.L., 7 May 2024 14:51
£5 price target......
Started: Yorkshireman, 27 Apr 2024 20:36
Last post: W.H.L., 30 Apr 2024 18:50
Still don't understand the initial interest in Halfords at the initial terms that were whispered in market.
I'd rather they stay away from Halfords. I suspect any offer won't be well received by the market and RN share price will be hit.
Still don't understand the initial interest by RN in Halfords.
Is now the time to make offer that will be accepted? and should we anyway?
Started: Transan, 26 Apr 2024 10:27
Last post: Carld73, 29 Apr 2024 12:43
Maybe Zig and Zag the nineties Irish puppet duo? What a daft name and waste of money. Redde Northgate sounds far better than Zigup.
Bring back The Spice Girls:- "Zig-a-zig-ah"
CRACKERS
How much does that cost? Somebody on the board is bored!? Probably because no success with the Halfords bid failure!?
Started: Yorkshireman, 26 Apr 2024 10:20
Last post: Yorkshireman, 26 Apr 2024 10:20
Would love to know the other suggestions that were rejected....
Started: Krustysmegma, 26 Apr 2024 08:21
Last post: SlickMongoose, 26 Apr 2024 10:12
Share price up 1%, obviously the market loves Zigup!
🤷🏼
Is it April Fool's Day? No? It must be true then. Redde is changing it's name to ZIGUP. Which marketing wizard came up with that one?
Started: jollyspeculator, 1 Mar 2024 15:24
Last post: Krustysmegma, 15 Mar 2024 14:29
Yes I agree with you both, all seems to have gone quiet on that front now. SP rising nicely here too ahead of the next trading update.
Yes, I hope not...well not at these valuations
hfd isn't worth a £1/share imv (bugger all tnw; highly indebted; precarious business model)
Hope not Krusty. HFD have very little tangible BV, cash and return ons. I wouldn't touch them with a barge pole, so don't want acquire them indirectly. I've had enough of this with MNDI merging with SMDS (RNS today).
Good oil + used oil = used oil
Don't feel sorry for them jolly, they'll be pushing their poison somewhere else if they get burned here.
I notice Halfords had a shocker of a trading update last week but Morgan Stanley are now buying the share, could it be they think an offer might be incoming? REDD were rumoured to be eyeing them at one point. Should be able to pick the business up at rock bottom price if they decided to take it any further now.
Almost pity 'em
they are great at finding and exploiting shorting opps, but terrible exiting
Started: jollyspeculator, 9 Feb 2024 14:39
Last post: jollyspeculator, 14 Feb 2024 13:59
This must be tough for the shorts
they like the down channel...but the underlying reality is hot against them
they are picking pennies from the steaming tarmac inches in front of the stuttering steamroller
After good week's work?
well done, lads
Started: jollyspeculator, 9 Feb 2024 11:26
Last post: jollyspeculator, 9 Feb 2024 11:26
But you have to respect their power
could this re-test £3..p/e below 5; below tnw; prospective div yield c9%?
yes, I guess...the balance sheet isn't easy to understand with the significant use of lease finance...and vtu shows how serious a discount to tnw can get...the div yield nearing 10% is a bit of a shocker
Started: stargate, 18 Jan 2024 09:52
Last post: MasterRSI, 9 Feb 2024 10:49
More for the B@@stard
Why do you think it was 3 days without me posting? Yes I am out, they say "Buy low sale high".
You have much to learn, and my prediction is short term, in this horrible market any good profit must be TAKEN.
note: If you do not know BB = Bollinger Bands - chart ... http://tinyurl.com/3phff6w9
Hi B@@stard, You are coming here when the SP is down Coward.
Learn: Avery share has its cycle, nothing goes in a straight line, not even your little Wily
Has reached top of BB down again
Yep. Great predictions on the share price. lol.
On the trades is showing 2 trades of 25,000. one at 354.50p ( morning ) and the other 356p on the afternoon = 50K
Redde Northgate (REDD)
Non-Executive Director BUYS close to £10,000
Director name: Rabson,Nicola
Amount purchased: 2,799 @ 355.25p
Value: £9,943.45
Started: MasterRSI, 17 Jan 2024 13:24
Last post: MasterRSI, 17 Jan 2024 13:24
From the "UPS thread ......
Master RSI 17 Jan '24 - 12:54 - 340 of 340 Edit
UPS
REDD 339p ( 338.50 v 339.50p)
Has been marked to support this morning. Very good Interim results lately with increased dividend last December. Full-year earnings forecast "modestly ahead of market consensus". NAV 447p. Expectations of EPS at 55p the PE is a lowly 6.2
3 month chart .... http://uk.advfn.com/p.php?pid=staticchart&s=L%5EREDD&width=600&height=300&p=3&t=1&dm=2&vol=0&cb=
Last post: Transan, 23 Dec 2023 14:35
Has the delay been agreed etc as Halfords staff ap ear to think the business has been sold?
Started: jollyspeculator, 20 Dec 2023 12:35
Last post: jollyspeculator, 20 Dec 2023 12:35
Strange folk...but I guess they reckon this is still in a 2 year down trend with bottom c £2.70-2.80???
on fundamentals, this looks too promising to sell, let alone go short...and the leverage makes the small bounce to here immaterial
it's trading on a forward pe of just c5 and ctnw ffs...with strong growth potential (organic and t/o); decent management (esp not overpaying under scrutiny for acquisition) and improving brand
Started: Krustysmegma, 6 Dec 2023 08:40
Last post: jollyspeculator, 6 Dec 2023 15:04
1600/230 or 240, so c7
EV/ebit for this year c£1500/£230 or £240, so 6-7
That's not wildly cheap, but the cheap debt, decent management (didn't buy Halfords for some silly price), strong growth make this a buy imv
tp £6
Got my first lot around 326p, missed the drop lower and was going to add more if it dropped again.
Can’t see that happening now.
Great long term hold.
Excellent results, dividend increased and solid market reaction. Full year earnings forecast "modestly ahead of market consensus". What's not to like here?
Started: LorenzoLynch, 19 Nov 2023 10:30
Last post: Laughton, 29 Nov 2023 12:54
Hopefully Mgmt will just sit on their hands and wait for Halfords to come back with their tail between their legs.
No need to rush - market clearly thinks there is worse news to come from Halfords.
We have no experience with retail and it doesn't look as if Halfords management are much cop.
Following market reaction to Halfords results this morning I'm pleased nothing came of the merger talks.
Https://www.pressreader.com/uk/the-sunday-telegraph/20231119/282175065852365
Quite a few newspapers have ran this story, but many of them behind paywalls. What’s everybody’s attitude towards this potential merger?
I’m not invested in either company atm, but I’ve held shares in both previously, and I always keep a close eye on REDD
Started: Laughton, 15 Oct 2023 14:46
Last post: Da_Matser, 3 Nov 2023 12:47
@Transan As you will have seen over the years, it's all about the management team and now we have the A Team installed.
Been a shareholder since 92/93 when it was Goode Durrant plc
Within 2 years this will be back around £10 per share. Buy backs / great aquisitions already made, huge market share and interest rates on the slide this will be a red hot 250 stock. If you can hold for a reasonable period this is a bagger!
I remember when the share price for Northgate was £13!?!
Started: TheLoaf, 3 Nov 2023 10:10
Last post: TheLoaf, 3 Nov 2023 10:10
It's always nice to see a stock that you've bought into rise, But I was hoping REDD would stay 320p or below until the new year.
Ah well !
Onwards & upwards.....hopefully
Started: TheLoaf, 15 Oct 2023 18:15
Last post: TheLoaf, 16 Oct 2023 11:00
I am now invested with 1000 shares purchased.
This will get noticed now it's featured in the M.O.S Midas column.
I'm not invested, but have certainly took note, as i'm investing in U.K listed shares that i think are undervalued & pay a decent dividend (such as LGEN,BAT, UKW & LLoyds etc).
The earning & profits have been growing nicely here & the dividend has been well covered too.
What's not to like ?
Started: Transan, 30 Sep 2023 08:52
Last post: schjmh, 30 Sep 2023 19:12
No the company will not get dividends on the shares they buy back.
Good dividend£ payment? Question: the buy back shares that the company have been amassing - do they get divide not on them??
Last post: Da_Matser, 28 Sep 2023 14:59
Welcome tichtich,
Looks like you've made the No. 1 rookie mistake. This is no longer just a 'van rental' company.
No.2 rookie mistake is believing you are the only one who has 'realised' the risks and that none of those risks are priced in.
On both of those points, look at the bigger picture, pre & post merger. I got in July 2020 after realising Mr Market had completely ignored the Redde business and had valued the company on Northgate profits alone.
The underlying trajectory of the business is very encouraging thanks to a highly competent management team leveraging their acquistions to create efficient growth. Don't ignore the EV story either.
Being a value investor, I don't normally talk up my investments as I relish in buying the dips, so this is my good deed for the day.
Hi. I just started looking at REDD a few days ago. It looks very cheap, recently bought back shares, low debt. The only drawbacks I can see: (1) probably very cyclical and we're heading for a recession; (2) higher oil/petrol prices could be bad for business.
Last post: Da_Matser, 31 Aug 2023 21:29
Absolute bargain today. £650k spent well. This buyback is going far...
https://www.lse.co.uk/rns/REDD/transaction-in-own-shares-vzdo0f63t6dslgb.html
@jolly Regarding debt, I am aware thanks. Also bang on their 1.5x leverage target, which is very reasonable. That's why I've been topping up. Debt was the only thing I could come up with for the falling SP. Low on cash too but with a solid RCF liquidity is not an issue. Growing revenue and profit YoY since the merger and trading at reported tangible BV. I'm scratching my head too. With a P/E of 5.4 it's surely just a matter of time before it gets the attention it deserves.
Another large drop today despite the FTSE 250 finishing in the green. Institutional selling? Perhaps an RNS tomorrow? I'll be increasing my weighting if we get close to £3. I'm gonna keep buying and hope that 7% dividend is maintained.