Zigup (ZIG)

Sector:

Commercial Transport

Index:

FTSE 250

404.50p
   
  • Change Today:
    -5.50p
  • 52 Week High: 438.00
  • 52 Week Low: 311.50
  • Currency: UK Pounds
  • Shares Issued: 225.84m
  • Volume: 396,217
  • Market Cap: £913.52m

Redde Northgate FY24 trading finishes 'positively'

By Iain Gilbert

Date: Wednesday 15 May 2024

LONDON (ShareCast) - (Sharecast News) - Vehicle rental and repair services business Redde Northgate said on Wednesday that it had finished FY24 "positively", continuing the trends seen in the first half, with vehicle supply continuing to improve.
Redde Northgate said its Spanish business continued to enjoy "strong market conditions" and its recent UK&I re-organisation was helping it to deliver "an increasingly seamless service" to customers.

"As a result of the continued momentum in the business, we would expect to report full-year results in early July towards the upper end of the consensus range," said Redde Northgate.

The FTSE 250-listed group stated that year-end net debt was forecast to be around £740.0m, which would equate to leverage of 1.5x, in line with the prior year. Redde also noted that it was on track to complete its third £30.0m share buy-back programme by July, and at the end of April 7.1m shares had been repurchased for a consideration of £24.8m.

Redde Northgate will also hold a general meeting on Wednesday in order to approve its proposed name change to ZIGUP, which it said will "help shift the narrative" with stakeholders towards its strategic direction of travel and "better reflect the strength and depth" of an enlarged group.

As of 0945 BST, Redde Northgate shares were up 2.21% at 417.0p.









Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Zigup Market Data

Currency UK Pounds
Share Price 404.50p
Change Today -5.50p
% Change -1.34 %
52 Week High 438.00
52 Week Low 311.50
Volume 396,217
Shares Issued 225.84m
Market Cap £913.52m

Zigup Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
54.82% above the market average54.82% above the market average54.82% above the market average54.82% above the market average54.82% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Income Not Available
Growth
74.00% above the market average74.00% above the market average74.00% above the market average74.00% above the market average74.00% above the market average
75.76% above the sector average75.76% above the sector average75.76% above the sector average75.76% above the sector average75.76% above the sector average

Zigup Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Dec-23 31-Aug-23
Paid 12-Jan-24 29-Sep-23
Amount 8.30p 16.50p

Trades for 14-Jun-2024

Time Volume / Share Price
16:35 150,151 @ 404.50p
16:35 512 @ 404.50p
16:35 3,543 @ 404.50p
16:35 121 @ 404.50p
16:35 2,452 @ 404.50p

Zigup Key Personnel

CEO Martin Ward

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