26 Oct 2016
N+1 Singer - Redde - Positive trading momentum continues
Redde has released an AGM trading update reiterating continued positive trading momentum through Q1 and into October. Growth is being delivered from new relationships beginning to contribute case volume and the positive effect of the FMG acquisition. Ahead of the key trading period, we opt to hold our forecasts at this stage. Redde continues to offer an attractive 6% dividend yield (FY17e).
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N+1 Singer - Redde - Positive trading momentum continues
Redde Northgate PLC (21W:FRA) | 0 0 0.0% | Mkt Cap: 498.3m
- Published:
26 Oct 2016 -
Author:
Andrew Watson -
Pages:
4
Redde has released an AGM trading update reiterating continued positive trading momentum through Q1 and into October. Growth is being delivered from new relationships beginning to contribute case volume and the positive effect of the FMG acquisition. Ahead of the key trading period, we opt to hold our forecasts at this stage. Redde continues to offer an attractive 6% dividend yield (FY17e).