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.

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REDD's Fundamentals (SAGA)

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.