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Redde

November 2014

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • REDD
  • Price:
  • 78.5p
At its AGM, Redde (the new name for Helphire and Latin for “to restore”) said that current trading of the business in Q1 is well “ahead of expectations” with trends continuing into October. NewLaw, the legal services business, is trading in line whilst the accident management businesses are seeing stronger trading volumes. As a consequence, trading profits are ahead of broker expectations and the corresponding period last year.  Net cash stands at £48.6m, up from £41.6m in June. N+1 Singer forecasts £16.7m pretax (eps 6.6p) this year and £18.2m (6.9p) next. The company has a stated policy to pay 100% of retained earnings, some of which you will have collected.We made Redde a ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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