Redde has reported a strong start to FY16 in its AGM statement this morning. Trading profits are ahead of management’s expectations for Q1 and initial indications show that this has continued into Q2. We leave forecasts unchanged at this stage entering into a key trading period. Redde has opportunities to develop new and existing relationships, as well as synergies from recent acquisitions. With a 100% dividend payout policy, the shares offer income attractions with a 5.0% yield and growing.
29 Oct 2015
Strong start to FY16, income attractions remain
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Strong start to FY16, income attractions remain
Redde Northgate PLC (21W:FRA) | 0 0 0.0% | Mkt Cap: 498.3m
- Published:
29 Oct 2015 -
Author:
Andrew Watson -
Pages:
4
Redde has reported a strong start to FY16 in its AGM statement this morning. Trading profits are ahead of management’s expectations for Q1 and initial indications show that this has continued into Q2. We leave forecasts unchanged at this stage entering into a key trading period. Redde has opportunities to develop new and existing relationships, as well as synergies from recent acquisitions. With a 100% dividend payout policy, the shares offer income attractions with a 5.0% yield and growing.