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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

Northgate

November 2002

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
Northgate, which rents out light commercial vehicles, such as FordTransit vans, to businesses across the UK, has developed an excellentreputation among investors.  Back in 1996,  Northgate had afleet of just 11,250 Light Commercial Vehicles (LCVs) but that hadalmost quadrupled to 40,500 by this year.  That makes it themarket leader with a fleet size double that of nearest competitor, TLS(now part of GE Capital).  Northgate’s stated ambition is to grow its fleet to 50,000 by 2004and having recently  met with chief executive, Steve Smith, andfinance director, Phil Moorhouse, we firmly believe they can hit thistarget.  After all, this is a company which has managed to doublepretax profit from £15.6m i ...

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Northgate - Fleet utilisation still over 90% (February 2003)

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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