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.

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). Northgateâ€™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 Â£15.6m i ...

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UNIQ

JJB Sports

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 - 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)

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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