It's difficult to understand why the share price is so low, it has been way above £2.00 and the dividend and profit keep rising. The interim is where the final was last year and no sign of a slow down. Maybe the market is not helping, many investors are nervous of alternative stock and this one has slipped under the radar, if that is the case maybe a return to the 350 would produce an improvement. All said and done REDDE is a good solid stock that deserves a higher SP.
Wow, what is going on with this site, nearly had a heart attack when I saw minus 99.00%, but look at that share price, £158.75. If they can't get the SP more accurate then it's a waste of time looking..
Share price stuck in a trading range 150 low up to 175 p high .
So I try to trade it and buy whenever it goes sub 150 p , and then sell in the 170 - 180 p range .
I sold a few weeks ago at my target 175p and am now patiently waiting for re- entry .
Is the threat of Govt interference into "ambulance chasers" still a worry here ?
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.
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
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.
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.
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.
You 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 companys 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 Buy
WHY One of the better dividend yields on the market
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..
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.
<b>Redde PLC Earns corporate Rating from N+1 Singer (REDD)
October 29th, 2015 - 0 comments - Filed Under - by Doug Madison</b>
Redde PLC (LON:REDD)s stock had its corporate rating reaffirmed by equities researchers at N+1 Singer in a note issued to investors on Thursday, ARN reports.
Redde PLC (LON:REDD) opened at 179.000 on Thursday. Redde PLC has a 52-week low of GBX 72.25 and a 52-week high of GBX 184.34. The firms 50 day moving average price is GBX 163.07 and its 200 day moving average price is GBX 141.14. The firms market cap is GBX 510.85 million.
The firm also recently announced a dividend, which will be paid on Thursday, November 5th. Investors of record on Thursday, October 8th will be paid a dividend of GBX 4.25 ($0.07) per share. The ex-dividend date of this dividend is Thursday, October 8th. This represents a yield of 2.72%.
Redde plc, formerly Helphire Group plc, is a United Kingdom-based holding company. The Company operates a group -based businesses supplying legal services, accident management and insurance services, corporate fleet management and insurance policy service fulfillment services. It gives accident management services, including repair management services and vehicle replacement to motor claims. The business supplies legal expenses insurance services via an operational call center site and solicitors services through Principia in Northwich and NewLaw in Bristol, Cardiff and an affiliated office in Glasgow. It also supplies insurance claims and accident management services through Cab Aid Limited, Total Accident Management Limited and its subsidiaries. The organization handles a fleet of around 6,000 vehicles. Its subsidiaries comprise Albany Assistance Limited, RunmyCar Limited and HHFS Limited, amongst others.
The positive start to the new financial year, which I described in my statement of 2 September 2015, has continued since that date. Sales show an increase over the corresponding period last year reflecting stronger trading volumes and the commencement of new contracts. As a consequence, trading profits are ahead of our expectations and the corresponding period last year. Early indications are that this trend has continued during October and the Board remains confident about the Groups prospects for the financial year as a whole. The Group is seeing an increasing level of new business opportunities and is well placed to take advantage of these opportunities to grow revenue and profits with no undue increase in working capital.
1. Have consistent reasons for buying
2. Do my own research
3. Dont invest in something I don't understand
4. If I am a customer (in one form or another) and have bad service - DONT INVEST
Some people don't invest in certain companies for ethical reasons....number 4 is my moral stance, if you like. I appreciate it may make money, but given the experience I had, I would rather put it on there BBQ to cook my steak! They were totally CARP.
GLTA who are invested, for your sakes I hope my experience doesn't become more of the norm.
Hi PIE-EATER, Redde is not a share to be watched unless you are taking advantage of the present share price decline to grab an extra special bargain before things pick up again, you have just missed the 1p special dividend (not paid yet) and 4p is coming towards the end of the year. Take the plunge, you were unfortunate in your experience, REDDE is making loads of cash and with a policy of paying much of it out in dividends is a winner all the way.
Had been watching REDDE for a while and have now decided NOT to purchase following a recent accident where someone ran into our parked car.
Their handling of the case was generally far from acceptable, so much so that I told the insurance company to take over the handling of the whole case and get the car in for repairs (which they managed in 1 days as against REDDE getting nowhere in over 2 weeks) One customer lost and a bad reputation earned.
I suspect many of you are going to say there will always be an exception to good service etc etc......but if a company doesn't deliver the service for me, despite prompting, then I won't invest. Plenty of other fish in the stock market sea.
Refer to my previous post re Haversham holdings which acquired and adopted the name of BCA ( British Car Auctions) - same Charwoman; common heavyweight institutional investors; linked industries ; possible collaboration - share price ticking up nicely since my last post but hasn't run away yet.
Replacement vehicle provider, Redde (LSE:REDD), continues to be a surprisingly appealing income play. It currently offers a yield of 5.7% despite its shares having soared by 53% during the course of 2015. As such, there is scope for them to continue their rise - especially if the company can deliver on its forecast for a 6% rise in earnings for the current year. Certainly, Redde has a rather volatile bottom line, with it having made a loss in two of the last four years but, with upside potential and improving investor sentiment, it seems to offer a potent mix of growth and income potential that make it worth buying.
Regulation is a good thing for Redde being one of the reputable players in this industry. Regulation squashes the Cowboys leaving a bigger slice of the cake for the good guys and reduces the cost of acquiring business through reduced competition.
You have mis understood the share sale. The directors have exercised options to increase their shareholding (or acquire a shareholding) to possibly benefit from the fantastic yield this company generates. When you exercise such options you have to pay a significant amount of income tax on the financial benefit of the option scheme - as such they have only sold enough shares to pay this tax - very understandable and reasonable . The whole process represents a vote of confidence by management.
Thanks Guys for your replies, I had previously asked Google and the answer was that AT trades are matched trades organised by SETS, the Stock Exchange Trading System but, does it really matter when the slightest squeak from the company and the SP shows its real potential. Recently the SP has been drifting downwards as those with little faith pulled out their pennies, now, POW! hundreds pile back in. Redde is still only a humble AIM share, would it do any better in the main market where it could be more noticed? A 1p special coming up and a 4p final possible by the end of the year to say nothing of the gains in the SP makes REDDE a winner all the way. From a little acorn a mighty Oak will grow.
"What's in a name? Well, about Â£205 million if you're LSE:REDD:Redde - the name in Latin is linked to the concept of restoration. That's how much the provider of accident management and legal services to motorists has gained in value since ..."
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