Updates

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.

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 Â£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)

Northgate (September 2007)

Northgate (February 2007)

Northgate - Earnings to increase 20% this year (August 2006)

Northgate (February 2006)

Northgate (December 2005)

Northgate (October 2005)

Northgate - Acquired Record Rent (August 2005)

Northgate (June 2005)

Northgate - Hire fleet grows to nearly 70,000 vehicles (February 2005)

Northgate - Analyst visit to Fualsa (December 2004)

Northgate (October 2004)

Northgate - Van rental firm growing strongly (September 2004)

Northgate - Buys 100% of Fualsa (June 2004)

Northgate - Van rental group on track (December 2003)

Northgate - New three year plan (August 2003)

Northgate - Van rental group a resilient performer (June 2003)

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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