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)

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."