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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Northgate - Van rental group a resilient performer

June 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
Van rental group, Northgate's ability to avoid springing unpleasant trading surprises  has been rewarded with a useful re-rating and the shares have risen to 466p, up 56p on our recommendation price.  Its year-end trading statement showed that  although January and February were quiet, business subsequently returned to normal and results will be in line with expectations. ING Baring's forecast for 2003 is earnings per share of 39.9p and pretax profit of £35m.  The shares look set to breach 500p.  Strong hold. ...

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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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