Formerly HelpHire - Old thread

Welcome to Redde plc the market leading support services group specialising in accident management support, legal services, fleet management and policy fulfilment services.
With total annual revenues in excess of £200m and over 1,500 employees nationwide, our businesses are renowned for their high quality service delivery.

Our operating businesses deliver services to the policyholders and customers of many of the UK's leading brand insurance companies, brokers, intermediaries and automotive dealerships as well as supporting the risk and claims management of a growing number of self insured large corporate fleets.

Company Website

Investor Relations

Recent Broker notes

BarChart Indicators

Recent Market news

REDD's Fundamentals (SAGA)

Total Voting Rights - issue of B shares pursuant to LTIP

N+1 Singer Buy 57.75 8.70 87.00 Retains

A continued climb both sides of consolidation.

Holding up well on a dismal day.

Pre-close Statement and Appointment of Joint Broker

Current Trading

Further to our announcement on 1 May 2014, trading results for the final
quarter continued the positive trend shown in the first 9 months of the year
and indications are that the operating results before exceptional costs for the
financial year ended 30 June 2014 are likely to exceed the upper end of market
expectations.

Cash generation has continued to be positive and debtor days within the
historical Helphire operations were at a new record low, having been reduced to
122 days at 31 May 2014. Including the NewLaw group of companies the combined
statutory debtor days of the Group at 31 May 2014 were 112 days based upon the
past 12 months turnover of the combined group. Further reductions are expected
as the effects of our protocol agreements with insurers extend further through
our business.

Net cash balances (net of fleet financing) were approximately £37.9 million at
31 May 2014 (£13.1 million excluding the residual net proceeds of the December
2013 share placing) compared to £33.0 million at 31 March 2014 (£8.7 million
excluding the residual net proceeds of the December 2013 share placing) and £
1.1 million at 30 June 2013. The Group has also paid net dividends totalling £
8.5 million in the year since 30 June 2013.

Appointment of Joint Broker

The Group is pleased to announce the appointment of N+1 Singer Advisory LLP as
Joint Stockbroker to the Group with effect from today. Cenkos Securities plc
continues as Nominated Adviser and Joint Stockbroker to the Group.

Woodford Investment Management LLP > 11%

Issue of Deferred Consideration Shares


The Company announces that an application has been made to the London Stock
Exchange for the admission of 8,425,860 ordinary shares of 0.1 pence each (the
"New Ordinary Shares") to trading on AIM. The New Ordinary Shares will be
issued at a price of 60.9 pence per share to satisfy the first tranche of the
Company's deferred consideration obligations relating to the acquisition of the
New Law group of companies as announced by the Company on 27 February 2014,
subject to admission of the New Ordinary Shares to trading on AIM which is
expected to occur on 04 August 2014 ("Admission").

The New Ordinary Shares, when issued, will rank pari passu with the existing
ordinary shares of the Company.

A total of 6,893,196 of the New Ordinary Shares to be issued are subject to a
lock in arrangement under normal terms for a period of 12 months from the date
of Admission and are also subject to the usual orderly marketing arrangements
for a further 12 months thereafter. The remaining 1,532,664 New Ordinary Shares
are subject to the usual orderly marketing arrangements for 24 months from the
date of Admission.

Following Admission, the Company shall have 281,089,600 ordinary shares of 0.1
pence each in issue, each with voting rights, which figure may be used by
shareholders in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company under the
Financial Conduct Authority's Disclosure and Transparency Rules. No shares are
held in treasury.

One to Keep an EYE

Looks ready for the turning after last Friday large volume
Higher lows on the candlestick chart, now needs a higher highs aswell

slowly moving higher, though it could be a bit better, the market id down so no point on a complaint

last friday large volume comes as RNS today as Henderson gets almost 7.15M extra in the books......

Full name of person(s) subject to Henderson Global Investors

Date of the transaction and date on 11 August 2014
which the threshold is crossed or
reached:

6. Date on which issuer notified: 12 August 2014

7. Threshold(s) that is/are crossed or reached: Above 10%

before 23,575,153
now 30,752,736 10.94%

Notice of Results

Redde plc, one of the UK's leading providers of accident management and legal
services to insurance companies, insurance brokers, prestige motor dealerships
and large national fleets will announce results for the year ended 30th June
2014 on Thursday 4th September 2014.

Final results tomorrow.

Full Year Results

Highlights

· Adjusted* operating profit of £11.6m (2013: £8.0m)
· Adjusted* profit before taxation of £11.9m (2013: £4.3m)
· Adjusted* basic EPS of 7.47p (2013: 12.54p)
· Recommended final dividend for 2014 of 3.50 pence and payable on 06 November 2014
· Total dividends for year of 6.85 pence (2013: 1.65 pence)
· Net cash inflow from operating activities of £24.8m (2013: £31.2m)
· Net cash inflow to EBITDA ratio of 153% (2013: 198%)
· Statutory debtor days further reduced to 108 days from 126 days
· Total cash balances of £58.3m (2013: £21.2m)
· Net cash of £41.6m (2013: £1.1m)
· Open hire case count reduced by a further 7,000 cases to 32,000 cases
· Growing pipeline of business at recent acquisition NewLaw
· Revenue generating fleet utilisation improved to 82.1% (2013: 80.7%)
· Protocol case settlement agreements with insurers continuing to grow for mutual benefit

*Adjusted measures exclude the impact of those items described as exceptional in Note 6.

With a bit more volume this looks like a possible breakaway gap.

There's the volume.

AGM Statement

At today's AGM, Avril Palmer-Baunack, chairman of Redde plc will be making the
following statement by way of an update on current trading of the business in
respect of the period from 1 July to 30 October 2014. Unless otherwise stated,
the financial and operational data, where identified, relates to the 3 month
period that ended on 30 September 2014.

Current Trading

As previously announced in my statement of 3 September 2014, the Group's new
financial year has begun well and this trend has continued. NewLaw, our legal
services business is trading in line with our expectations. Sales in the
accident management businesses show an increase over the corresponding period
last year reflecting stronger trading volumes. As a consequence trading profits
are ahead of our expectations and the corresponding period last year. Early
indications are that this trend has continued during October and the Board
remains confident about the Group's prospects for the financial year as a
whole. We are seeing an increasing level of new business opportunities across
the Group and because our new business model is more capital-efficient than in
the past we are able to take advantage of opportunities to grow revenue and
profits with no undue increase in working capital.

Cash generation has continued to be positive and, in line with seasonal trends,
debtor days at 30 September 2014 were unchanged from 30 June 2014 at 108 days.
Last year's debtor days at 30 September 2013 were 126 days which were unchanged
from 30 June 2013. Net cash was £48.6 million at 30 September 2014 and compares
to net cash of £41.6 million at 30 June 2014. Total cash balances were £66.2m
at 30 September 2014.

Dividends

Shareholders are being asked today to approve a final dividend of 3.50 pence
per share and amounting to £9.8m, which if approved will be paid on Thursday 6
November 2014 to those shareholders on the register at the close of business on
Friday 17 October 2014.

I am pleased to note that dividends in respect of the year ended 30 June 2014
amount to 6.85 pence per share and £15.7 million in aggregate.

As previously announced, the Group intends to return to a more normal dividend
calendar with any interim dividend for the year to 30 June 2015 being declared
in February 2015 and paid in March 2015.

Ends

Trading Update

Current Trading

As the Group approaches the end of the first half of its financial year, the
Redde Board is pleased to announce that the Group's strong start to the year
that we referred to in our announcements in September and October has continued
through into December with strong trading volumes supporting a significant
increase on our expectations. Trading profits for the six months to 31 December
2014 are now expected to be materially ahead of our earlier expectations and
significantly ahead of the corresponding period last year.

Cash generation has continued to be strong and after payment of the final
dividend in respect of 2014 on 6 November 2014, which amounted to £9.8 million,
net cash was £39.7 million at 30 November 2014. This compares to net cash of
£41.6 million at 30 June 2014. Total cash balances were £60.9 million at 30
November 2014 compared to £58.3 million at 30 June 2014, and represent an
increase for the 5 months of £12.4 million (adjusting for the final dividend
paid of £9.8 million).

Results for the 6 months to 31 December 2014 and Interim Dividend

The Board expects to announce the results for the 6 months to 31 December 2014
at the end of February 2015.

Based upon trading to date the Board would expect to declare an interim
dividend at that time of not less than 3.50 pence per share. This would compare
to 3.35 pence per share paid by way of 3 interim dividends in respect of the
financial year ended 30 June 2014.

As previously announced, the Group is currently pursuing a full distribution
policy and the amount of any final dividend (and therefore the dividend for the
year as a whole) will be dependent upon the level of total profits earned in
the financial year ending 30 June 2015.

Commenting on the announcement, Martin Ward, Chief Executive Officer said:

"The benefits of our strategy for growth, sustainable profits and cash are
being demonstrated in our strong trading results. This goes to support a
significant dividend return to our shareholders. We see further opportunity to
grow the business both organically and through M&A investment. Based on current
trading we remain confident about our outlook."

Ends

New high @ 89p but on low volume.

Invesco > 25%

Invesco > 26%

Plenty of volume again today.

Woodford Investment Management LLP > 12%

A quid beckons!

Invesco Limited > 27%

Moore Europe Capital Management, LLP < 3%

Invesco > 28%

Interim results on Thursday 26th February 2015.

Interim Results

Interim Results for the six months ended 31 December 2014

Redde - Growth Accelerates
Financial headlines
· Turnover £122.0m (2013: £92.3m) - Increase of 32%
· Adjusted* operating profit of £11.2m (2013: £4.2m) - Increase of 166%
· Adjusted* profit before tax of £11.5m (2013: £4.2m) - Increase of 172%
· Net operating cash flow to EBITDA 114% (2013: 78%)
· Debtor days 108 days (2013: 135 days)
· Total cash balances of £63.2m (2013: £75.7m)
· Total working capital cash balances £38.4m (2013: £18.2m)
· Net cash of £38.1m (2013: £62.0m)
· Net working capital cash balances £13.3m (2013: 4.4m)
· Shareholders funds £149.3m (2013: £136.6m)
· Adjusted* basic EPS 4.30 pence (2013: 3.07 pence) - Increase of 39.7%
· Statutory basic EPS 4.14 pence (2013: 3.40 pence) - Increase of 21.5%
· Interim dividend 4.00 pence (2013: 3 interim dividends totalling 3.35 pence)- Increase of 19.40%
· Total dividends of 12.5p per share in two years since placing in March 2013 at 25p per share

Operational headlines
· 3.9% growth in Credit hire cases
· Total hire days increased by 1.3%
· 7.9% growth in Repair cases
· Open case count reduced by 10%
· Cases >120 days reduced by 19%
· Revenue generating fleet utilisation 81.0% (2013: 81.6%)
· Protocol case settlement with insurers continuing to grow for mutual benefit
· NewLaw acquisition performing to expectations

Aviva 15% -> 14%

Woodford > 14%

.

I'm a 100% up in 11 months on these - not bad for a relatively boring share.

Trying 120 again.

Invesco > 29%

A new high today @122p.

First gap closed?

Trading Update

Continued growth leads to current trading exceedingexpectations

The Board of Redde plc (`Company' or `Group') is pleased to announce that the
encouraging start to the second half of the Company's financial year has
continued with strong trading volumes for the third quarter of the financial
year leading to operating profits exceeding the Board's expectations.

Cash collections during the period since 31 December 2014 have continued to be
strong and, as a consequence, statutory debtor days at 31 March 2015 were
reduced to a new record 104 days compared to 108 days at 31 December 2014 and
116 days at 31 March 2014, and further reductions are expected.

Total cash balances at 31 March 2015 were £62.8 million compared to £63.2
million at 31 December 2014 and £48.8 million at 31 March 2014. Net cash
balances (net of fleet financing) were £36.0 million at 31 March 2015 compared
to £38.1 million at 31 December 2014 and £32.9 million at 31 March 2014. The
Company has also paid an interim dividend of 4.00 pence per share totalling £
11.3 million in the three months to 31 March 2015.

Woodford Investment > 16%

ST of IC today - I have raised my fair value target price to 140p, and continue to rate the shares a buy on a bid-offer spread of 123.5p to 124p.

Issue of Deferred Consideration Shares

Redde announces that it intends to issue and allot up to 4,332,646 ordinary
shares of 0.1 pence each (the "New Ordinary Shares") at a price of £1.18989 per
share to satisfy the final deferred consideration payment relating to the
acquisition of the NewLaw group of companies in February 2014.

more....

First peep over 125p.

Woodford Investment Management up to 18%

Issue of Deferred Consideration Shares

Pre Close Statement, payment of a Special Dividend and anticipated Final Dividend

Current Trading

Redde is pleased to announce that, further to its Trading Update made on 27
April 2015, trading for the final quarter ending 30 June 2015 has continued the
positive trend shown in the first 9 months of the year. Indications are that
the operating results before exceptional costs for the financial year ending 30
June 2015 are likely to exceed the upper end of market expectations.

Cash generation continues to be strong and total cash balances were £64.9
million at 31 May 2015 compared to £62.8 million at 31 March 2015 and £58.3
million at 30 June 2014. Net cash balances (net of fleet financing) were £38.8
million at 31 May 2015 compared to £36.0 million at 31 March 2015) and £41.6
million at 30 June 2014. The Company has paid dividends totalling £21.1 million
during the year ending 30 June 2015 (2014: £8.5 million in the year ended 30
June 2014).

Special Dividend and Autofocus

Continued progress has been made in pursuing claims against insurers and other
parties in respect of Autofocus and other historical claims and a number of
negotiated settlements have been achieved. It is intended to provide a fuller
update in the Annual Report and Accounts for the year ended 30 June 2015 where
the amounts recovered to date will be reported as exceptional income outside of
normal operating profits.

It has always been the Board's intention to pay the net proceeds of these
settlements to shareholders by way of a special dividend and accordingly the
Board is pleased to announce the payment of a special dividend of 1.0 pence per
share and amounting to approximately £2.85 million on Thursday 30 July 2015 to
those shareholders on the register at the close of business on Friday 10 July
2015. The shares will become ex-dividend on Thursday 09 July 2015.

Results for the year to 30 June 2015 and anticipated Final Dividend

The Board expects to announce the results for the year ended 30 June 2015 in
the early part of September 2015.

Based upon trading to date the Board would expect to declare a final dividend
at that time of not less than 4.00 pence per share making a total dividend for
the year of not less than 8.00 pence excluding the special dividend announced
above. This total dividend would represent an increase of 16.8%, (excluding the
special dividend) on the total dividend for the financial year ended 30 June
2014 of 6.85 pence.

REDD blue in an otherwise sea of red!

well done skinny, but try SEA as opposed to SEE. English Language brigade :0)

Cracking chart by the way!

Thanks Chris - I find myself doing that more and more lately - must be an age thing - God knows what I'll be like when I get to your age! :-)

Post Helphire high @141.50.

Post Helphire high @143.00p

Issue of Deferred Consideration Shares

On 31 July Redde issued 480,924 ordinary shares of 0.1 pence each (the "New
Ordinary Shares") on the terms set out in the announcement of 1 May 2015 to
satisfy the fourth instalment (of nine) of the final deferred consideration
payment relating to the acquisition of the NewLaw group of companies.

Application has been made to the London Stock Exchange for the admission to
trading on AIM of the New Ordinary Shares, which is expected to occur on 6
August 2015 ("Admission").

Following Admission, the Company shall have 285,871,153 ordinary shares of 0.1
pence each in issue, each with voting rights, which figure may be used by
shareholders in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company under the
Financial Conduct Authority's Disclosure and Transparency Rules. No shares are
held in treasury.

Post Helphire high @147.25.

Acquisition of the FMG group of companies

Redde has agreed to acquire the FMG group of companies, comprising FMG Group Holdings Limited ("FMG") and its subsidiary companies and partnership interests (the "FMG Group"), for approximately £43.2 million in aggregate. The acquisition is subject to the requisite regulatory approvals being received from The Financial Conduct Authority and the Solicitors Regulation Authority. Completion is expected to occur within 3 months.

more....

A new high @152p.

Notice of Results

Redde plc, one of the UK's leading providers of accident management and legal services to insurance companies, insurance brokers, prestige motor dealerships and large national fleets will announce results for the year ended 30 June 2015 on Thursday 3 September 2015.

Quietly making a new high @153.25p.

Pop!

Another high @157p.

Full Year Results

A Year of Strong Growth

Financial headlines

Turnover £248.7m (2014: £197.4m) - Increase of 26%
Adjusted* EBIT of £22.3m (2014: £11.7m) - Increase of 91%
Adjusted* profit before taxation of £22.7m (2014: £11.9m) - Increase of 91%
Adjusted* basic EPS of 8.40p (2014: 7.47p) - Increase of 12.4%
Statutory basic EPS of 8.97p (2014: 6.84p) - Increase of 31.1%
Net cash inflow from operating activities of £36.8m (2014: £24.8m)
Net cash inflow to EBITDA ratio of 116% (2014: 153%)
Debtor days further reduced to 100 days from 108 days
Total cash balances of £68.6m (2014: £58.3m)
Net cash of £39.7m (2014: £41.6m)
Recommended final dividend for 2015 of 4.25p (2014: 3.50p) - increase of 21.4%
Total normal dividends for year of 8.25p (2014: 6.85p) - Increase of 20.4%
In addition, Autofocus Special Dividend of 1.00p paid 30 July 2015
Operational headlines

5.4% growth in credit hire cases
Total hire days increased by 4.1%
11.8% growth in repair cases
Revenue generating fleet utilisation maintained at 82%
Protocol case settlement agreements with insurers continuing to grow for mutual benefit
Growing pipeline of new business
Encouraging recent contract wins
European IT Award winning customer portal

Fantastic results and up goes the dividend again - See more at: http://tinyurl.com/oucrlo7

HARGREAVE HALE LIMITED > 5%.

A new high again this morning @176.25p

And again @177.75.179.0p

AGM Statement

AGM Statement and Dividend

At today’s AGM, Avril Palmer-Baunack, chairman of Redde plc will be making the following statement regarding dividends and by way of an update on current trading of the business in respect of the period from 1 July to 29 October 2015. Unless otherwise stated, the financial and operational data, where identified, relates to the 3 month period that ended on 30 September 2015.

Dividends

Shareholders are being asked today to approve a final dividend of 4.25 pence per share, amounting to £12.2m which, if approved, will be paid on Thursday 5 November 2015 to those shareholders who were on the register at the close of business on Friday 9 October 2015. This dividend, if approved, will result in total Ordinary Dividends in respect of the year ended 30 June 2015 amounting to 8.25 pence per share and £23.5 million in aggregate.

Current Trading

The positive start to the new financial year, which I described in my statement of 2 September 2015, has continued since that date. Sales show an increase over the corresponding period last year reflecting stronger trading volumes and the commencement of new contracts. As a consequence, trading profits are ahead of our expectations and the corresponding period last year. Early indications are that this trend has continued during October and the Board remains confident about the Group’s prospects for the financial year as a whole. The Group is seeing an increasing level of new business opportunities and is well placed to take advantage of these opportunities to grow revenue and profits with no undue increase in working capital.

Cash generation has continued to be positive and, after paying the Special Dividend in respect of Autofocus on 30 July 2015, which amounted to £2.9m, net cash was £39.6m at 30 September 2015 and compares to net cash of £39.7m at 30 June 2015. Total cash balances were £69.9m at 30 September 2015 compared to £68.6m at 30 June 2015.

FMG Acquisition

Shareholders will be aware that the Group completed its acquisition of the FMG group on Tuesday 27 October 2015 by way of the payment of approximately £41.0m from existing cash resources and the issue of 3,048,220 new ordinary Redde shares at a price of 164.03 pence per share. As at the close of business the day before completion FMG had total bank cash balances of approximately £7.3m.

**Ends**

Clients of Woodford > 20%

Trading Update

Current Trading

The Redde Board is pleased to announce that the Group’s strong start to the year that we referred to in our announcements in September and October has continued through into December with increasing trading volumes. The Board is also pleased to note that the FMG group has traded well since acquisition with a good pipeline of new business opportunities. As a result of these factors, trading profits for the six months to 31 December 2015 are now likely to exceed our earlier expectations and will be materially ahead of the corresponding period last year.

Results for the 6 months to 31 December 2015 and Interim Dividend

The Board expects to announce the results for the 6 months to 31 December 2015 at the end of February 2016.

Based upon trading to date the Board would expect to declare an interim dividend at that time of not less than 4.40 pence per share. This would compare to an interim dividend of 4.00 pence in respect of the financial year ended 30 June 2015.

Commenting on the announcement, Martin Ward, Chief Executive Officer said:

"The successively strong performances of the Group delivered under our Growth, Profitability and Sustainability strategy is generating good returns for our shareholders. The acquisition of FMG, which completed in October 2015, has enabled us to broaden our reach into new and related markets and diversify our earnings. The outlook for the remainder of the financial year is positive and we continue to examine opportunities to augment our sustainable growth plan."

New high @186p.

£2 looking likely today.

Well done skinny, good pick last year.

Yes well done skinny , i watched this and watched it and did nothing .

Thanks chaps - it does happen sometimes! :-)

New high today @214.75p

Notice of Interim Results

Redde plc, one of the UK's leading providers of accident management and legal
services to insurance companies, insurance brokers, prestige motor dealerships
and large national fleets will announce interim results for the 6 months ended
31st December 2015 on Thursday 25th February 2016.

Interim Results

Continued Growth
Financial headlines
· Turnover £165.2m (2014: £122.0m) - Increase of 35%
· Adjusted* EBIT of £17.1m (2014: £11.2m) - Increase of 53%
· Adjusted* profit before tax of £17.3m (2014: £11.5m) - Increase of 51%
· Net operating cash flow to EBITDA 91% (2014: 114%)
· Debtor days 95 days (2014: 108 days)
· Total cash balances £31.6m (2014: £22.2m adjusted for £41.0m cash spent on acquisition)
· Net debt of £9.1m (2014: £2.9m adjusted for £41.0m cash spent on acquisition)
· Adjusted* basic EPS 4.89 pence (2014: 4.30 pence) - Increase of 13.7%
· Statutory basic EPS 4.49 pence (2014: 4.14 pence) - Increase of 8.45%
· Interim dividend 4.50 pence (2014: 4.00 pence) - Increase of 12.5%

Operational headlines
· 8.8% like for like growth in number of credit hire cases
· Total number of hire days increased by 16.4%
· 101.7% increase in number of all repair cases (including FMG)
· Revenue generating fleet utilisation increased to 82.5% (2014: 81.0%)
· Increase in number of contracts and range of services
· FMG acquisition performing to expectations and integration underway

* Adjusted measures exclude the impact of the items described as exceptional and the amortisation of intangibles in Note 5 of the Interim Report and Accounts.

Commenting on the Group's results and prospects, Martin Ward, Chief Executive Officer said:

"The Group has again delivered significant growth in revenue, earnings and dividend. The start of the second half has been strong and we continue to see new growth opportunities from within our markets. The Group is increasingly being seen as a leading partner of choice within our industry. Our protocol arrangements with insurers, which deliver early payments without frictional cost, have continued to grow and release value. We have extended our service offering with existing insurer Partners during the year and the outlook for the full financial year is positive."

Trading Statement

The Board of Redde plc (‘Company' or ‘Group') is pleased to announce that the positive start to the second half of the Company's financial year to 30 June 2016 has continued with strong trading volumes for the third quarter of the financial year and as a consequence operating profits are continuing to exceed the Board’s original expectations. Early indications are that this trend has continued during April and the Board remains confident about the Group’s prospects for the financial year as a whole.

from the Motlety Fool.......

Redde alert

Of course, the last year has been a very different experience for investors in accident management support company Redde (LSE:REDD). Its shares have soared by 42% during the period, with this rise taking their five year gain to 229%. While investor sentiment may still be rather high, Redde's valuation could cause its share price performance to suffer somewhat.

That's because Redde trades on a P/E ratio of 17.9 and with its bottom line due to rise by 7% in the current year and by a further 6% next year, this equates to a relatively high price-to-earnings-growth (PEG) ratio of 2.8. Although the company may deliver improved profitability in future years, this seems to already be priced-in to a large extent. As such, and with a number of other stocks offering superior risk/reward ratios, Redde's shares may be ones to watch rather than buy at the present time.

Pre Close Statement and anticipated Dividend

Current Trading

The Board of Redde is pleased to announce that, further to its Trading Update made on 28 April 2016, trading for the final quarter ending 30 June 2016 has continued the positive trend shown in the first 9 months of the year. Indications are that the operating results before exceptional costs for the financial year ending 30 June 2016 are likely to slightly exceed market expectations.

Results for the year to 30 June 2016 and anticipated Dividend

On 24 March 2016 the Company paid an interim dividend of 4.50 pence per share in respect of the year ending 30 June 2016.

The Board expects to announce the results for the year ended 30 June 2016 in the early part of September 2016.

Based upon trading to date the Board would expect to announce a further dividend at that time of not less than 5.00 pence per share making total dividends for the year ended 30 June 2016 of not less than 9.50 pence. This would represent an increase of 15.2% on the prior year (8.25 pence excluding the 2015 special dividend).

Looking quite positive.

Possible pennant.

Full Year Results

Results for the Year ended 30 June 2016

Another Year of Strong Growth

Financial headlines

· Turnover £379.2m (2015: £248.7m) - Increase of 53% including LFL increase of 28%
· Adjusted* EBIT of £34.5m (2015: £22.3m) - Increase of 55%
· Adjusted* EBIT of £30.5m excluding acquisitions (2015: £22.3m) - Increase of 37%
· Adjusted* profit before taxation of £34.6m (2015: £22.7m) - Increase of 52%
· Tax charge of £6.0m (2015: tax credit of £1.0m)
· Adjusted* basic EPS of 9.64p (2015: 8.40p) - Increase of 14.8%
· Statutory basic EPS of 8.66p (2015: 8.97p) - Decrease of 3.5%
· Net operating cash inflow from operating activities of £42.1m (2015: £36.8m)
· Net operating cash inflow to EBITDA ratio of 98% (2015: 116%)
· Debtor days further reduced to 94 days from 100 days
· Total cash balances of £34.6m (2015: £27.6m adjusted for £41.0m cash spent on acquisition)
· Net debt of £5.2m (2015: £1.3m adjusted for £41.0m cash spent on acquisition)
· Recommended final dividend for 2016 of 5.15p (2015: 4.25p) - increase of 21.2%
· Total dividends for year of 9.65p (2015: 8.25p excluding special dividend) - Increase of 17.0%

Operational headlines

· 14.3% like for like growth in credit hire cases
· Total number of hire days increased by 15.6%
· 71.7% increase in number of all repair cases (excluding FMG)
· Revenue generating fleet utilisation increased to 83% from 82%
· Increase in number of contracts and range of services
· Protocol case settlement agreements with insurers continuing to grow for mutual benefit
· Growing volumes through a combination of new business wins and existing customer growth
· FMG post acquisition performance exceeding expectations


*Adjusted measures exclude the impact of amortisation of intangibles and exceptional items ('adjustment items') described in Note 6.

Commenting on the Group's results and prospects, Martin Ward, Chief Executive Officer, said:

"This is a strong set of results driven through the delivery of our Growth, Profitability and Sustainability ("GPS") strategy which continues to be our focus. We have seen good levels of LFL growth and the performance of FMG, acquired in October 2015, has been solid. The new period has started well and together with the pipeline of opportunities the board remains confident on the prospects of the Group."

Notice of AGM and Annual Report and Accounts

Redde’s annual general meeting will take place at 10.00 a.m. on Wednesday 26 October 2016 at the offices of Berwin Leighton Paisner LLP, Adelaide House, London Bridge, London, EC4R 9HA.

Copies of the Annual Report and Accounts for the year ended 30 June 2016, the notice of the annual general meeting and the proxy card have today been posted to shareholders.

AGM Statement and Dividend

At today’s AGM, Avril Palmer-Baunack, chairman of Redde plc will be making the following statement regarding dividends and by way of an update on current trading of the business in respect of the period from 1 July to 26 October 2016. Unless otherwise stated, the financial and operational data, where identified, relates to the 3 month period that ended on 30 September 2016.

Dividends

Shareholders are being asked today to approve a final dividend of 5.15 pence per share, amounting to £14.9m which, if approved, will be paid on Thursday 3 November 2016 to those shareholders who were on the register at the close of business on Friday 7 October 2016. This dividend, if approved, will result in total Ordinary Dividends in respect of the year ended 30 June 2016 amounting to 9.65 pence per share and £28.0m in aggregate.

Current Trading

The positive start to the new financial year, which I described in my statement of 31 August 2016, has continued since that date. Sales show an increase over the corresponding period last year reflecting both stronger trading volumes and the effect of the acquisition of FMG on 27 October 2015 last year. As a consequence, trading profits are ahead of our expectations and the corresponding period last year. Early indications are that this trend has continued during October and, with new, additional contracts now in a start up phase, the Board remains confident about the Group’s prospects for the financial year as a whole. The Group is also seeing an increasing level of new business opportunities and continues to be well placed to take advantage of these opportunities to further grow revenue and profits.

Cash generation has continued to be positive and total cash balances were £46.1m at 30 September 2016 compared to £34.6m at 30 June 2016. Fleet financing debt was £40.5m at 30 September 2016 compared to £39.6m at 30 June 2016.

**Ends**

The time to be over the high PE is over for some time now, so directors decided to sell now and BIG...........

DIRECTOR DEALINGS: Redde CEO And CFO Sell Over GBP10 Million In Shares

Accident management, vehicle fleet and legal services company Redde PLC on Thursday said its chief executive and chief financial officer sold a total of GBP10.2 million worth of shares in the company on Wednesday.

Chief Executive Martin Ward sold 4.0 million shares at 170.00 pence per share, a transaction worth GBP6.8 million in total. His holding after the sale was not disclosed.

Chief Financial Officer Stephen Oakley, meanwhile, sold 2.0 million shares at the same price, raising GBP3.4 million. His holding after the sale also was not disclosed.

Trading Update

Current Trading

The Redde Board is pleased to announce that the Group’s strong start to the year that we referred to in our announcements on 1 September and 27 October 2016 has continued through into December.

Sales continue to show an increase over the corresponding period last year reflecting both organic growth and the effect of the acquisition of FMG on 27 October 2015. As a consequence, trading profits remain ahead of our own expectations and the corresponding period last year.

Results for the 6 months to 31 December 2016 and Interim Dividend

The Board expects to announce the results for the 6 months to 31 December 2016 at the end of February 2017.

Based upon trading to date the Board would expect to declare at that time an interim dividend of not less than 4.90 pence per share for the year ending 30 June 2017. This would compare to an interim dividend of 4.50 pence in respect of the financial year ended 30 June 2016 and would represent an increase of 8.9%.

Bullish engulfing candle.

Interim Results

Controlled Expansion Fuels Another Strong Performance

Financial headlines
· Turnover £227.1m (2015: £165.2m) - Increase of 37.5%
· Adjusted* EBIT of £19.8m (2015: £17.1m) - Increase of 15.5%
· Adjusted* profit before tax of £19.7m (2015: £17.3m) - Increase of 13.8%
· Statutory profit before tax of £17.5m (2015: £16.0m) - Increase of 9.1%
· Net operating cash flow to EBITDA 89% (2015: 91%)
· Debtor days 90 days (2015: 95 days)
· Total cash balances £33.6m (2015: £31.6m)
· Fleet and lease debt £47.1m (2015: £40.7m) - funding expanded fleet
· Net debt of £13.5m (2015: £9.1m)
· Adjusted* basic EPS 5.24 pence (2015: 4.89 pence) - Increase of 7.2%
· Statutory basic EPS 4.58 pence (2015: 4.49 pence) - Increase of 2.0%
· Interim dividend 5.00 pence (2015: 4.50 pence) - Increase of 11.1%

Operational headlines
· 13.9% like for like growth in number of credit hire cases
· Total number of hire days increased by 13.5%
· 69.9% increase in number of all repair cases
· Period end fleet increased to 8,690 (2015: 7,263) - increase of 19.6% to meet increasing demand
· Revenue generating fleet utilisation maintained above 80% during fleet build programme
· Increase in number of contracts and range of services
· Sales, marketing, operational and IT infrastructure investment increased

* Adjusted measures exclude the impact of the amortisation of intangibles, share based payments and exceptional items ("adjusted items") described in Note 5.


Commenting on the Group's results and prospects, Martin Ward, Chief Executive Officer said:

"The strong sales and EBIT increase over the comparable reinforces our position as we deliver our "GPS" (Growth, Profitability and Sustainability) strategy. We continue to improve and innovate our services and make investments for future organic growth with further benefits still to be realised. Strong cash generation continues to support a good dividend yield and with significant balance sheet strength corporate growth opportunities continue to be explored. The outlook for the financial year remains positive."

Trading Statement

The Board of Redde (‘Group') is pleased to announce that the positive outlook reported in the interim results announcement on 28 February was amply justified, with the increased trading volumes recorded in the first half year being sustained throughout the third quarter. Indications are that this trend has been maintained during April and the Board remains confident about the Group’s prospects for the financial year as a whole.

Woodford Investment Management Ltd > 24%

Pre Close Statement

Current Trading

The Board of Redde is pleased to announce that, further to its Trading Update made on 27 April 2017, trading for the final quarter ending 30 June 2017 has continued the positive trend shown in the first 9 months of the year. Indications are that the adjusted operating profits for the financial year to 30 June 2017 are expected to be in line with market expectations.

The Board expects to announce the results for the year ended 30 June 2017 in the early part of September 2017.

AGM Statement and Dividend

At today’s AGM, Avril Palmer-Baunack, chairman of Redde plc will be making the following statement regarding dividends and by way of an update on current trading of the business in respect of the period from 1 July to 24 October 2017. Unless otherwise stated, the financial and operational data, where identified, relates to the 3 month period that ended on 30 September 2017.

Dividends

Shareholders are being asked today to approve a final dividend of 5.60 pence per share, amounting to £17.0m which, if approved, will be paid on Thursday 2 November 2017 to those shareholders who were on the register at the close of business on Friday 6 October 2017. This dividend, if approved, will result in total Ordinary Dividends in respect of the year ended 30 June 2017 amounting to 10.60 pence per share totalling £32.2m in aggregate and will result in the payment of our twelfth consecutive dividend since June 2013. Payments since that date will amount to £105m representing 38p per share.

Current Trading

The positive start to the new financial year, which I described in my statement of 6 September 2017, has continued since that date. Sales show an increase over the corresponding period last year reflecting continued growth in trading volumes and, as a consequence, trading profits are ahead of the corresponding period last year. Early indications are that this trend has continued during October and the Board remains confident about the Group’s prospects for the financial year as a whole.

Trading Update – Continued Growth in the First Half

Current Trading

The Redde Board is pleased to announce that the Group’s positive start to the year that we referred to in our full year results announcement on 7 September and AGM statement on 25 October 2017 has continued through into December.

Sales continue to show an increase over the corresponding period last year reflecting continued growth in trading volumes and as a consequence, trading profits are ahead of the corresponding period last year.

Results for the 6 months to 31 December 2017

The Board expects to announce the results for the 6 months to 31 December 2017 on Thursday 1 March 2018.

This share loves a trend line....

Interim Results

Interim Results for the six months ended 31 December 2017


Double Digit Growth


Financial headlines

· Turnover £253.3m (2016: £227.1m) - Increase of 11.5%

· Adjusted* EBIT of £22.0m (2016: £19.8m) - Increase of 11.2%

· Adjusted* profit before tax of £21.9m (2016: £19.7m) - Increase of 11.2%

· Statutory profit before tax of £19.9m (2016: £17.5m) - Increase of 13.6%

· Net operating cash flow/EBITDA 47% (2016: 89%) - ahead of management expectations following new contract

· Debtor days 97 days (2016: 90 days)

· Total cash balances £24.4m (2016: £33.6m) - after funding share buybacks and new contract

· Fleet and lease debt £46.9m (2016: £47.1m)

· Net debt of £22.5m (2016: £13.5m)

· Adjusted* basic EPS 6.12 pence (2016: 5.24 pence) - Increase of 16.8%

· Statutory basic EPS 5.65 pence (2016: 4.58 pence) - Increase of 23.4%

· Interim dividend 5.50 pence (2016: 5.00 pence) - Increase of 10.0%

Operational headlines

· 24.8% growth in number of credit hire cases

· Total number of hire days increased by 19.5%

· 0.5% increase in total number of repair cases

· Period end fleet increased to 9,958 (2016: 8,690) - increase of 14.6% to meet increasing demand

· Revenue generating fleet utilisation maintained above 80% target

* Adjusted measures exclude the impact of the amortisation of intangibles and share based payments ("adjustment items") described in Note 5.

Commenting on the Group's results and prospects, Martin Ward, Chief Executive Officer said:

"Our focussed GPSii strategy (Growth, Profitability and Sustainability) has continued to deliver strong results, with half year revenue, adjusted operating profits and EPS all seeing double digit growth. We continue to seek attractive opportunities to broaden the scale and scope of our services in ongoing and related markets at the right investment value.

The outlook for the full year remains strong, with trading in January and February supporting the board's confidence for the full year. We are delighted to be paying a further £16.7m of dividend (5.50p per share) to our shareholders in March 2018 taking our cumulative returns to shareholders to £121.6m (43.50p per share) since February 2013."

Trading Statement

The Board of Redde (‘Group') is pleased to confirm that the strong outlook reported in the interim results announcement on 1 March can be reconfirmed, with the increased underlying trading volumes recorded in the first half year being sustained throughout the third quarter. Indications are that this trend is being maintained during April and the Board remains confident about the Group’s prospects for the financial year as a whole.

Current Trading

The Board of Redde is pleased to announce that, further to its Trading Update made on 26 April 2018, trading in the final quarter ending 30 June 2018 has continued the positive trend shown in the first 9 months of the year. Consequently the Board remains confident of the final outcome for the year as a whole.

The Board expects to announce the results for the year ended 30 June 2018 in the early part of September 2018.

Heading back to the top of the range @180ish? Trading update in the next couple of weeks.

From September 6th - Final Results

Results for the year ended 30 June 2018

Further Significant Year on Year Growth in Revenues, Earnings and Dividends

Redde, a leading provider of mobility, incident management solutions and legal services to motorists, car dealerships, fleet owners and the insurance industry announces full year results:

Financial headlines

· Turnover £527.0m (2017: £472.3m) - Increase of 11.6%

· Adjusted* EBIT of £46.2m (2017: £40.2m) - Increase of 15.0%

· Adjusted* profit before taxation of £46.0m (2017: £40.0m) - Increase of 15.0%

· Statutory profit before taxation of £38.8m (2017: £31.8m) - Increase of 22.2%

· Net operating cash inflow to EBITDA ratio of 72% (2017: 91%)

· Debtor days 105 (2017: 91 days) - on increased sales and insurer mix

· Lease financing debt £39.2m (2017: £46.0m)

· Total cash balances of £30.7m (2017: £36.3m)

· Net debt of £8.5m (2017: £9.7m)

· Adjusted* basic EPS of 13.27p (2017: 11.26p) - Increase of 17.8%

· Statutory basic EPS of 11.36p (2017: 8.93p) - increase of 27.2%

· Recommended final dividend for 2018 of 6.15p (2017: 5.60p) - increase of 9.8%

· Total dividends for year of 11.65p (2017: 10.60p) - Increase of 9.9%

Operational headlines

· 19.3% growth in credit hire cases

· Total number of hire days increased by 23.6%

· 3.4% increase in number of repair cases

· Period end fleet increased to 9,741 (2017: 8,371) - Increase of 16.4% to meet increasing demand

· Increased demand saw revenue generating fleet utilisation increased to 82.9% (2017: 81.5%)

*Adjusted measures exclude the impact of amortisation of intangibles, share based payments and exceptional items ('adjustment items') analysed and described in Note 6.

Commenting on the Group's results and prospects, Martin Ward, Chief Executive Officer, said:

"This has been another year of significant growth delivering increased EPS. The proposed payment of the Group's 14th consecutive dividend, together with dividends paid since June 2013, now amount to £140.3m. The Group continues to generate quality, sustainable earnings by serving a large and growing number of businesses and fulfilling hundreds of thousands of physical transactions each year to businesses and consumers.

In support of this activity, the Group has invested in further digital development, upgraded IT systems and, to meet future demands, a larger contact centre in Huddersfield. Under our GPSii strategy the Group has developed on many fronts and possesses several core capabilities which expand the options for further growth.

The Group continues to seek acquisition opportunities that meet the Group's stringent investment criteria. I would like to acknowledge the effort of all the Redde people who make these results happen and to say "well done" to them all."

07 Sep 18 JP Morgan Cazenove Overweight 189.50 197.00 207.00 Reiterates

Notice of AGM and Annual Report and Accounts

Redde’s annual general meeting will take place at 10.00 a.m. on Wednesday 24 October 2018 at the offices of Bryan Cave Leighton Paisner LLP, Adelaide House, London Bridge, London, EC4R 9HA.

Toying with £2.

Aviva plc & its subsidiaries 5.98% --> 4.81%

AGM Statement

At today’s AGM, Avril Palmer-Baunack, chairman of Redde plc will be making the following statement regarding dividends and by way of an update on current trading of the business in respect of the period from 1 July to 23 October 2018. Unless otherwise stated, the financial and operational data, where identified, relates to the 3 month period that ended on 30 September 2018.

Dividends

Shareholders are being asked today to approve a final dividend of 6.15 pence per share, amounting to £18.8m which, if approved, will be paid on Thursday 8 November 2018 to those shareholders who were on the register at the close of business on Friday 5 October 2018. This dividend, if approved, will result in total Ordinary Dividends in respect of the year ended 30 June 2018 amounting to 11.65 pence per share totalling £35.5m in aggregate and will result in the payment of our fourteenth consecutive dividend since June 2013. Payments since that date will amount to £140.4m representing 49.65p per share.

Current Trading

The positive start to the new financial year, which I described in my statement of 5 September 2018, has continued since that date. Sales show an increase over the corresponding period last year reflecting growth in trading volumes and, as a consequence, trading profits are ahead of the corresponding period last year. Early indications are that this trend has continued during October and the Board continues to regard the outlook for the financial year as positive.