New Risk • Jul 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Jul 09
Full year 2026 earnings released: EPS: UK£0.34 (vs UK£0.36 in FY 2025) Full year 2026 results: EPS: UK£0.34 (down from UK£0.36 in FY 2025). Revenue: UK£1.86b (up 2.6% from FY 2025). Net income: UK£76.2m (down 4.6% from FY 2025). Profit margin: 4.1% (down from 4.4% in FY 2025). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, while revenues in the Transportation industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Aankondiging • May 21
Zigup Plc to Report Fiscal Year 2026 Results on Jul 08, 2026 Zigup Plc announced that they will report fiscal year 2026 results on Jul 08, 2026 Board Change • May 21
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. CFO & Director Rachel Coulson was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Dec 05
Zigup plc Declares Interim Dividend for the Half Year Ended 31 October 2025, Payable on 9 January 2026 Zigup Plc has declared an interim dividend of 8.8p per share for the half year ended 31 October 2025 (H1 2025: 8.8p) to be paid on 9 January 2026 to shareholders on the register as at close of business on 12 December 2025. The interim dividend represents 50% of the final dividend for the year ended 30 April 2025 in line with previous years. Aankondiging • Sep 24
Zigup plc Approves Final Dividend for the Year Ended April 30, 2025 Zigup Plc announced that at its AGM held on September 23, 2025, shareholders approved the final dividend of 17.6 pence per ordinary share payable to the shareholders on the register at the close of business on the 29 August 2025. Aankondiging • Sep 23
Zigup Plc to Report First Half, 2026 Results on Dec 03, 2025 Zigup Plc announced that they will report first half, 2026 results on Dec 03, 2025 Aankondiging • Jul 26
Zigup Plc, Annual General Meeting, Sep 23, 2025 Zigup Plc, Annual General Meeting, Sep 23, 2025. Location: the offices of bryan cave leighton paisner llp, governors house, 5 laurence pountney hill, ec4r 0br, london United Kingdom Aankondiging • Jul 09
Zigup plc Proposes Final Dividend for the Year Ended 30 April 2025, Payable on 30 September 2025 The Board of Zigup Plc has proposed a final dividend of 17.6 pence per share (2024: 17.5 pence) to be paid on 30 September 2025 to shareholders on the register as at close of business on 29 August 2025, bringing the total dividend to 26.4 pence (2024: 25.8 pence), a 2.3% increase on the prior year. Aankondiging • May 05
Zigup Plc to Report Fiscal Year 2025 Results on Jul 09, 2025 Zigup Plc announced that they will report fiscal year 2025 results on Jul 09, 2025 Aankondiging • Dec 04
Zigup Plc Declares an Interim Dividend, Payable on 10 January 2025 The Board of Zigup Plc has declared an interim dividend of 8.8 pence per share (H1 2024: 8.3 pence) to be paid on 10 January 2025 to shareholders on the register as at close of business on 13 December 2024. Aankondiging • Oct 24
Zigup Plc to Report Q2, 2025 Results on Dec 04, 2024 Zigup Plc announced that they will report Q2, 2025 results on Dec 04, 2024 Aankondiging • Sep 25
Zigup plc Approves Final Dividend Zigup Plc at the AGM held on September 24, 2024, the shareholders approved a final dividend of 17.5 pence per ordinary share payable to the shareholders on the register at the close of business on 30 August 2024. Aankondiging • Jul 31
Zigup Plc, Annual General Meeting, Sep 24, 2024 Zigup Plc, Annual General Meeting, Sep 24, 2024. Location: the offices of bryan cave leighton paisner llp, governors house, 5 laurence pountney hill, ec4r 0br, london United Kingdom Aankondiging • Jul 10
Zigup Plc Proposes Final Dividend for the Year Ended 30 April 2024, Payable on 27 September 2024 The Board of directors of Zigup Plc has proposed a final dividend for the year ended 30 April 2024 of 17.5 pence per share (2023: 16.5 pence) to be paid on 27 September 2024 to shareholders on the register as at close of business on 30 August 2024, bringing the total dividend to 25.8 pence (2023: 24.0 pence), a 7.5% increase on the prior year. Aankondiging • Apr 28
Redde Northgate plc, Annual General Meeting, May 15, 2024 Redde Northgate plc, Annual General Meeting, May 15, 2024. Agenda: To approve a proposed company name change to ZIGUP plc. Aankondiging • Mar 15
Redde Northgate plc to Report Fiscal Year 2024 Results on Jul 03, 2024 Redde Northgate plc announced that they will report fiscal year 2024 results on Jul 03, 2024 Buy Or Sell Opportunity • Feb 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.4% to UK£3.38. The fair value is estimated to be UK£4.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 42%. Revenue is forecast to grow by 4.7% in 2 years. Earnings are forecast to decline by 24% in the next 2 years. Reported Earnings • Dec 08
First half 2024 earnings released: EPS: UK£0.33 (vs UK£0.34 in 1H 2023) First half 2024 results: EPS: UK£0.33 (down from UK£0.34 in 1H 2023). Revenue: UK£911.3m (up 31% from 1H 2023). Net income: UK£74.6m (down 9.1% from 1H 2023). Profit margin: 8.2% (down from 12% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Transportation industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Oct 06
CEO & Director recently bought UK£199k worth of stock On the 3rd of October, Martin Ward bought around 62k shares on-market at roughly UK£3.19 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Martin's only on-market trade for the last 12 months. Aankondiging • Sep 27
Redde Northgate plc Declares Final Dividend Payment Redde Northgate plc declare a final dividend of 16.5 pence per ordinary share payable to the shareholders on the register at the close of business on the 1st September 2023 at its AGM held on26 September 2023. Aankondiging • Sep 02
Redde Northgate plc to Report First Half, 2024 Results on Dec 06, 2023 Redde Northgate plc announced that they will report first half, 2024 results on Dec 06, 2023 Upcoming Dividend • Aug 24
Upcoming dividend of UK£0.17 per share at 7.2% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 7.2%. Within top quartile of British dividend payers (6.3%). Higher than average of industry peers (4.6%). Aankondiging • Jul 30
Redde Northgate plc (LSE:REDD) announces an Equity Buyback for £30 million worth of its shares. Redde Northgate plc (LSE:REDD) announces a share repurchase program. Under the program, the company will repurchase up to £30 million worth of its common stock pursuant to an agreement with Numis Securities Limited. The repurchased shares will be held in treasury. The purpose of the Share Buyback Program is to reduce the capital of the Company. The program is expected to be completed by July 28, 2024. Aankondiging • Jul 24
Redde Northgate plc, Annual General Meeting, Sep 26, 2023 Redde Northgate plc, Annual General Meeting, Sep 26, 2023, at 09:30 Coordinated Universal Time. Location: the offices of Bryan Cave Leighton Paisner LLP, Governor's House, 5 Laurence Pountney Hill, London, EC4R 0BR London United Kingdom New Risk • Jul 06
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jul 06
Full year 2023 earnings released Full year 2023 results: Revenue: UK£1.49b (up 20% from FY 2022). Net income: UK£139.2m (up 37% from FY 2022). Profit margin: 9.3% (up from 8.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Transportation industry in the United Kingdom. Aankondiging • May 19
Redde Northgate plc (LSE:REDD) acquired Fridgexpress (Uk) Limited. Redde Northgate plc (LSE:REDD) acquired Fridgexpress (Uk) Limited on May 18, 2023.Redde Northgate plc (LSE:REDD) completed the acquisition of Fridgexpress (Uk) Limited on May 18, 2023. Reported Earnings • Dec 08
First half 2023 earnings released: EPS: UK£0.34 (vs UK£0.23 in 1H 2022) First half 2023 results: EPS: UK£0.34 (up from UK£0.23 in 1H 2022). Revenue: UK£696.3m (up 14% from 1H 2022). Net income: UK£82.0m (up 48% from 1H 2022). Profit margin: 12% (up from 9.1% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Transportation industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 25
Upcoming dividend of UK£0.15 per share Eligible shareholders must have bought the stock before 01 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of British dividend payers (5.3%). Higher than average of industry peers (5.2%). Buying Opportunity • Jul 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be UK£4.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings is forecast to decline by 3.9% per annum over the same time period. Reported Earnings • Jul 07
Full year 2022 earnings released: EPS: UK£0.41 (vs UK£0.27 in FY 2021) Full year 2022 results: EPS: UK£0.41 (up from UK£0.27 in FY 2021). Revenue: UK£1.24b (up 12% from FY 2021). Net income: UK£101.5m (up 55% from FY 2021). Profit margin: 8.2% (up from 5.9% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.9%, compared to a 8.0% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Jun 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Bindi Karia was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • May 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.0%. The fair value is estimated to be UK£4.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to decline by 11% in the next 2 years. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Mark McCafferty was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 19% share price gain to UK£4.30, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Transportation industry in Europe. Total returns to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£4.97 per share. Buying Opportunity • Feb 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.3%. The fair value is estimated to be UK£4.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% per annum over the last 3 years. Earnings per share has declined by 13% per annum over the last 3 years. Reported Earnings • Dec 02
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: UK£0.23 (up from UK£0.086 in 1H 2021). Revenue: UK£612.9m (up 10% from 1H 2021). Net income: UK£55.5m (up 163% from 1H 2021). Profit margin: 9.1% (up from 3.8% in 1H 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 12%, compared to a 11% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 26
Upcoming dividend of UK£0.12 per share Eligible shareholders must have bought the stock before 02 September 2021. Payment date: 24 September 2021. Trailing yield: 3.5%. Lower than top quartile of British dividend payers (3.8%). Lower than average of industry peers (5.0%). Reported Earnings • Jul 08
Full year 2021 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: UK£1.11b (up 42% from FY 2020). Net income: UK£65.6m (up UK£57.9m from FY 2020). Profit margin: 5.9% (up from 1.0% in FY 2020). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Mar 08
New 90-day high: UK£2.89 The company is up 16% from its price of UK£2.49 on 08 December 2020. The British market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Transportation industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£2.00 per share. Is New 90 Day High Low • Feb 05
New 90-day high: UK£2.73 The company is up 46% from its price of UK£1.87 on 06 November 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.96 per share. Is New 90 Day High Low • Dec 25
New 90-day high: UK£2.70 The company is up 47% from its price of UK£1.83 on 25 September 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 33% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.94 per share. Reported Earnings • Dec 09
First half 2021 earnings released: EPS UK£0.086 The company reported a mediocre first half result with weaker earnings and profit margins, although revenues were improved. First half 2021 results: Revenue: UK£556.0m (up 55% from 1H 2020). Net income: UK£21.1m (down 1.7% from 1H 2020). Profit margin: 3.8% (down from 6.0% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 05
New 90-day high: UK£2.60 The company is up 27% from its price of UK£2.05 on 04 September 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Transportation industry, which is up 34% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£2.64 per share. 
