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)

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.