Rosycheeks
08 Sep 2017
From NEWS fantastic results JP Morgan Cazenove today reaffirms its overweight investment rating on Redde (LON:REDD) and raised its price target to 197p (from 193p).
paddington_bear
07 Sep 2017
Signals at green Results seem fine with steady progress achieved across the board. The exceptionals appear justified and expansion did capture more business.The danger of course is being stuck with leases on vehicles if a downturn strikes or motor insurance prices drive ever more people to omit hire car options from their policies. Existing plans to therefore hold a base group and hire in daily for peak demand seem wise.Two things concern me with this gift horse, namely why there is so much share price volatility on little news and whether more dividends and cash flow should be retained for rainy days rather than growing net debt.Given the problems of some of my other holdings, such minor gripes seem a blessing.PB.
dilbert on tour
27 Apr 2017
Woodford increased here Positive trading statement and recent RNS confirming Woodford now has 22%, so I guess he's added some to his recently launched fund. Limited free float of circa 20% and positive dividend yield so we may head back towards what must be the true value of around £2
TradedOption
27 Apr 2017
Re: Trading statement Hi Rosycheeks,There has been a steady seller(s) around for a while but that seems to have stopped a couple of weeks back. I agree that the yield could support a better SP but recent form has seen the price strengthen on trading statements and then slip back. I guess it all depends on whether that seller has gone for good or is merely biding time. Either way this has been a good share for anyone brave enough to take a punt when Helphire was bailed out.Cheers
Rosycheeks
27 Apr 2017
Trading statement Another cracking trading result announced. Onwards and upwards , with the yield as it is there has got to be room for a serious improvement in the SP.
paddington_bear
24 Mar 2017
Redde, steady, bought. A very strange share, with Invesco Perp 28.50%, Woodford 22.94% and Aviva 11.79% holders, so unexpected bids blocked out. Since the transformation around five years ago, company has found a new lease of life and now generating profits in rising piles.Having said that, the debts have been mainly eliminated, although the current expansion of the car fleet has caused a bump in the road.The dividend policy is something to behold and borders on risky given the percentage of profits paid away. To be fair enough remained to buy FMG and net asset values are increasing from their dire position half a decade ago.Whether Woodford will buy more for his new equity 5% income fund or the institutions take it over entirely,perhaps for now enjoy a firm with steady foundations allowing more cream on top.DYORPB.
Rosycheeks
03 Mar 2017
fantastic results The company have just announced another set of fantastic results, the profit graph looks like a stairway to heaven yet some investors judging by the share price are not happy, perhaps one of those unhappy sellers could take a bit of time to explain their thoughts.
EyesonHawk2
19 Feb 2017
2017 Interim Results Interims to be announced Tuesday 28th Feb 2017.........Hoping for big things![link]
dilbert on tour
16 Dec 2016
Recommended by the TIMES today [link] could be forgiven for not knowing what Redde is, though the company has a market capitalisation of about half a billion. The word means restore or put right in Latin.The company provides services to insurers, making sure that customers who suffer a breakdown or crash are looked after and get a replacement vehicle. It also deals with large vehicle fleets, keeping them on the road. The new management came in about four years ago and raised cash to wipe out that bank debt; they have been busy since ensuring that those backers get their money back in the form of dividends, which means all earnings per share after all expenses are paid in that way.This gives the shares an attractive yield. The company’s trading update confirms that organic growth, 28 per cent in the year to end-June, continues apace as the company signs up new insurance partners. The market is consolidating; a bit more than a year ago it bought FMG, which provides services to large corporates such as the Highways Authority. The interim dividend this year will be increased by almost 9 per cent to 4.9p. There is no debt, clearly, though if the right opportunity came along the money could be raised. On the basis that the final dividend is a little higher than the interim, the forward yield for this year is 6.7 per cent. The shares, down 1¾p at 154¾p, have come back a bit since the autumn. That yield, therefore, looks attractive.MY ADVICE BuyWHY One of the better dividend yields on the mark
Rosycheeks
31 Oct 2016
WHY ?? This has happened before with REDDE, the board announce excellent results, raise the divi, now 5.15 pence per share every thing is going swinging and then POW the sellers move in and the share price drops, this time last year REDDE was way over £2 today a strange drop of 6.26p taking REDDE down to 177 pence per share. Well, it's pay out day on Thursday, it's got to be worth a further punt, much better than putting it in the bank so fill your boots and let us see the share price back where it should be..
Nige the snake
01 Sep 2016
RNS Great results BUY! NM
mcescher
30 Mar 2016
Very thorough analysis of REDD Looking like a solid dividend payer [link]
Rosycheeks
25 Feb 2016
Re: Half Year Results due soon The Board has declared an interim dividend of 4.50 pence per share payable on 24 March 2016 to those shareholders on the register on 04 March 2016 (2014: 4.00 pence). The ex-dividend date is 03 March 2016.
Rosycheeks
22 Feb 2016
Re: Half Year Results due soon Redde has confirmed that it will announce interim results, for the 6 months ended 31st December 2015, on 25th February 2016.
dilbert on tour
15 Feb 2016
Half Year Results due soon Half year figures due in the next 10 days or so (last year 26th Feb) and based on the pre Christmas trading statement we already know these to be good, with a decent divi planned. Last years announcement led to a quick 20% rise in the sp and although market conditions have changed this share could quickly return to around the £2 mark with positive news.
