Redde has maintained a positive trajectory into the new financial year. The finals in September reported a solid performance in the first months of FY19e, with today’s AGM statement now indicating this has continued through the Autumn months too. Redde continues to trade on a 7% dividend yield – unwarranted in our view given the repeating case flow from blue chip insurers and the value of the protocol relationship to insurers. At a closer yield to the market, a 5% dividend yield would imply a 25 ....
24 Oct 2018
Positive start to FY19e, forecasts unchanged
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Positive start to FY19e, forecasts unchanged
Redde Northgate PLC (21W:FRA) | 0 0 0.0% | Mkt Cap: 498.3m
- Published:
24 Oct 2018 -
Author:
Andrew Watson -
Pages:
3
Redde has maintained a positive trajectory into the new financial year. The finals in September reported a solid performance in the first months of FY19e, with today’s AGM statement now indicating this has continued through the Autumn months too. Redde continues to trade on a 7% dividend yield – unwarranted in our view given the repeating case flow from blue chip insurers and the value of the protocol relationship to insurers. At a closer yield to the market, a 5% dividend yield would imply a 25 ....