Redde has released an AGM statement indicating that positive trading performance mentioned at the Finals (7/9) has continued into October. Growth in case volumes has driven revenues and trading profits. Until we have some visibility on performance during the key winter trading period, we leave our forecasts unchanged. The shares offer a strong 7% yield. We believe the shares should trade >200p on account of quality of earnings and income attractions: 5% yield equates to 230p/share.
25 Oct 2017
N+1 Singer - Redde - In line, continued growth momentum
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N+1 Singer - Redde - In line, continued growth momentum
Redde Northgate PLC (21W:FRA) | 0 0 0.0% | Mkt Cap: 498.3m
- Published:
25 Oct 2017 -
Author:
Andrew Watson -
Pages:
4
Redde has released an AGM statement indicating that positive trading performance mentioned at the Finals (7/9) has continued into October. Growth in case volumes has driven revenues and trading profits. Until we have some visibility on performance during the key winter trading period, we leave our forecasts unchanged. The shares offer a strong 7% yield. We believe the shares should trade >200p on account of quality of earnings and income attractions: 5% yield equates to 230p/share.