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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Northgate - New eps forecast of 65p for 2006

August 2004

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:
  • NTG
Since our last update in June shares in van rental firm, Northgate have zoomed up another 87p to an all time high of 697p, making for a 75% gain since our main write-up back in November 2002.  The sparkwas forecast busting results, for the year ending 30 April, with pretaxprofit up 22% to £44.7m and earnings rising 22.9% to 50.9p. In spite of a difficult first half in which intense pricing pressure fromrivals forced it to throttle back on its fleet growth Northgate still added another 2,400 vehicles to take the total to 47,400. Northgate's hire rates remained relatively stable as it didn't stand toe to toe with competitors, so the key yardstick was utilisation, which was steady at just over 89%.   However, ...

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Northgate (February 2008)
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Northgate - Earnings to increase 20% this year (August 2006)
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Northgate - Fleet utilisation still over 90% (February 2003)
Northgate (November 2002)

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.

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