Following on Friday from Redde (REDD) an intra-day “Contract Update”, surely not ANOTHER disaster for Neil Woodford?!, Tom noted yesterday Woodford having bought more shares on the Friday. Cue the shares slumping to 90p yesterday – down another more than 14%!… and there are some other features which make Woodford’s move look particularly questionable…
On Friday Redde (REDD) ‘fessed up that it had lost its largest contract. The yield on the shares by c.o.p Friday was more than 11%, screaming out that this company was now certain to slash the dividend. But as the stock collapsed from 130p to 104p (it is now 98p) one 'savvy' investor thought that, once again, he knew better...
“Accident management and legal services” company Redde (REDD) has made an intra-day (12:18pm) “Contract Update” announcement. I’m guessing this ain’t going to be good news…






