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Northgate

February 2006

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
  • Price:
  • 1041p
Shares in Northgate firmed after the van rental firm revealed reasonable results, embellished by a new strategic plan. For the six months ended 31 October, there was a 5.9% rise in turnover to £177m, with pretax profit increasing 2.4% to £28.3m, while earnings rose 3.4% to 30.7p. In the UK, operating profit fell by £2m to £29.9m mainly because of weakness in its customers operating in the construction, retail and distribution sectors, which forced Northgate to reduce its fleet size to maintain utilisation levels. However, fleet size has since recovered to 52,400, just 200 short of the previous high point. With a firm eye on the cost base, Northgate has also deferred the opening of some new sites, with hire ...

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Related Articles

Northgate (February 2008)
Northgate (September 2007)
Northgate (February 2007)
Northgate - Earnings to increase 20% this year (August 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 - 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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