Primary Recommendation

Northgate - Van rental firm growing strongly

September 2004

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.

Shares in Darlington-based, Northgate, which rents out light commercial vehicles, such as Ford Transit vans, have been a good friend to TMI ever since we recommended them at 399p two years ago. One of our core philosophies is that we will re-recommend companies where subsequent good news justifies buying at a higher price and Northgate, which has made a habit out of springing forecast busting results, fits this description nicely. Not that we should be surprised given that it sports a remarkably consistent growth record. Powered by a quadrupling in the size of its fleet to over 47,000 vehicles over the last eight years, making it the clear market leader, its pretax profit has grown 188% to Â£45m and e ...

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ASOS - Rocketing share price

Merrydown - Schoer sales growing at 30% clip

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 - 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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