image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

Northgate - Van rental group on track

December 2003

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
Shares in van rental group, Northgate, stand 159p ahead of our 399p recommendation price after at one point spiking to  595p. Ina pre-close statement ahead of their interim results, the group announced that trading has returned to more normal levels, envisaged inits new three year plan, with a resumption of fleet growth and utilisation levels maintained at 90%.  This follows a tricky summer period, when competitive pricing from contract hire specialists led to customers returning over 1,000 vehicles.  Meanwhile, Northgate's 40%-owned Spanish van rental group, Fualsa, has traded slightly ahead of expectations and looks more and more like a shrewd acquisition. It seems certain  that Northgate will exercis ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

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 - New eps forecast of 65p for 2006 (August 2004)
Northgate - Buys 100% of Fualsa (June 2004)
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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X