Redde has released a positive trading update covering the year to date. The strong start to the year reported at the Finals (Sep) and AGM Statement (Oct) has continued into December. The interim dividend will total no less than 4.9p (+9% yoy). With a 100% payout policy, this indicates that Redde stands to deliver H1 earnings in line with our forecasts, which we leave unchanged. Redde’s FY17e yield is currently 6.7% and underpinned by a growing customer base with continued volume growth, alongsid ....
15 Dec 2016
N+1 Singer - Redde - Reiterating positive performance, 6.7% FY17e yield
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N+1 Singer - Redde - Reiterating positive performance, 6.7% FY17e yield
Redde Northgate PLC (21W:FRA) | 0 0 0.0% | Mkt Cap: 498.3m
- Published:
15 Dec 2016 -
Author:
Andrew Watson -
Pages:
4
Redde has released a positive trading update covering the year to date. The strong start to the year reported at the Finals (Sep) and AGM Statement (Oct) has continued into December. The interim dividend will total no less than 4.9p (+9% yoy). With a 100% payout policy, this indicates that Redde stands to deliver H1 earnings in line with our forecasts, which we leave unchanged. Redde’s FY17e yield is currently 6.7% and underpinned by a growing customer base with continued volume growth, alongsid ....