Share Name Share Symbol Market Type Share ISIN Share Description
Northgate LSE:NTG London Ordinary Share GB00B41H7391 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -6.20p -1.91% 318.00p 317.40p 318.80p 323.60p 317.00p 323.60p 351,884 16:35:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 667.4 75.0 47.3 6.7 423.68

Northgate Share Discussion Threads

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Could ntg be a possible takeover target??
may get some nice trade up .
It was basically a profit warning however there is some hope of a turnaround here hence why the share price isn't down 25%. Tough one to call however I certainly wouldn't short this.
I think this bit is the problem in the trading update: "Operational cash generation is not impacted by the fleet optimisation strategy so despite the planned reduction in disposal volumes, FY18 EBITDA is not impacted by this strategy. However, underlying FY18 PBT is expected to be c.25% lower than the GBP75.0 million reported in FY17 due primarily to the application of this strategy but also a reduction in UK rental profit." As I understand it they are keeping the vehicles a bit longer so there will be a period in 2018 when they will not be selling vehicles as they would previously. This impacts the profit in that year, but it is a temporary effect and has longer term benefits.
Price is probably supported by the last NAV which was around 387p iirc Whether this latest accounting policy change will affect this positively is probably not something we will know in the short term
Agree this one does seem to get hyped, and difficult to assess for fair value and potential, especially with the broker sentiment - I mean just thinking back to the "investor relations day" in Oct 17, without fundamentally different news it was then trading around 460p. The long term trend has been downward though.
The problem here is the share price tells a different story from the brokers ratings.NTG is a highly geared business with good accounting profits but low cash conversion. Lots of debt and leasing commitements, very competitive end markets, free cash flow stubbornly low , doubts over resale values. so while the accounting figures look good and the divi looks pretty attractive I think there is real risk here.Spain is running well but I am not tempted. R2
That update not liked by the city it seems....struggling to exit the opening auction as currently uncrossing at 300p
Trading Update out today..Not sure about the extended holding periods to reduce vehicle disposals to maximise ROCE blab but reduce disposal profits - you'd hope they were optimally structured this way already! I suppose they can spend less on new stock and seems like they expect to maintain the divvy policy. With Spain being the ongoing good news though, must be a Brexit sensitive business?
Google and Hargreaves have twice today had this share at fourpence...first time must have given some shareholders a heart attack. Also still showing as trade low. Just very poor that these glitches happen.
I've bought yet more. I thought the half year report was OK hxxp:// and did not really justify the drop in share price
Home » Reports » Broker Ratings » Northgate plc 48.3% Potential Upside Indicated by Jefferies International broker ratings Northgate plc 48.3% Potential Upside Indicated by Jefferies International Posted by: Amilia Stone 13th December 2017 Northgate plc with EPIC/TICKER (LON:NTG) had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ today by analysts at Jefferies International. Northgate plc are listed in the Industrials sector within UK Main Market. Jefferies International have set a target price of 600 GBX on its stock. This is indicating the analyst believes there is a potential upside of 48.3% from the opening price of 404.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 36.5 points and decreased 5.5 points respectively. The 52 week high share price is 575.5 GBX while the year low share price is currently 382.25 GBX. Northgate plc has a 50 day moving average of 441.16 GBX and a 200 day moving average of 475.90. There are currently 133,232,525 shares in issue with the average daily volume traded being 346,480. Market capitalisation for LON:NTG is £538,592,482 GBP.
Yep I like this one Blobby, so do the brokers. Not reflected in the price which remains at annual lows, guess this one is assumed to be Brexit sensitive. In the meantime if anybody can come up with an FTSE all share stock that trades at a p/e of 8, has a price to book of one and a dividend of +4% with 2.6 cover, I'd liked to be in the know. Most of these bargains like Lookers, Connect Group etc have far more precarious balances sheets, higher price to books and lower margins.
I've bought some of these shares today. Low p/e, rising dividend, good asset cover, relatively simple business model.
I think the best thing for northgate now is a few smaller acquisitions.
LONDON--Northgate PLC (NTG.LN) shares fell in early trade Tuesday after the company reported a 7% fall in fiscal 2017 pretax profit and said it has identified growth opportunities for the group in the medium term. The light commercial vehicle hire group said pretax profit during the year ended April 30, was 72.2 million pounds ($94.1 million) compared with GBP77.6 million a year earlier. The company proposed an 8% increase to full year dividend to 17.3 pence a share from 16.0 pence a year earlier. Final dividend was 11.6 pence a share compared with 10.9 pence in fiscal 2016. The performance of the U.K. business was, disappointing with profits impacted by a reduction in vehicles on hire over the second half of the year, Chief Executive Officer Kevin Bradshaw said. "A full appraisal has been undertaken and several corrective actions have been implemented. I am confident that these actions, combined with continued management focus, will drive a significant improvement in performance, particularly in the areas of sales lead generation and conversion," Mr. Bradshaw said, adding that its businesses in Spain and Ireland continue to show good levels of growth. Mr. Bradshaw said he has completed an initial strategic review and this has identified four growth opportunities for the group in the medium term. "Further detail behind these opportunities, our progress against them and key targets will be given at an investor day in October. Our proposed increase in dividend this year reflects my strong conviction that the group is well positioned to capitalize on these attractive growth opportunities moving forwards," he said. Shares at 0805 GMT down 53.30 pence, or 10%, at 478.70 pence, valuing the company at GBP637.8 million.
Now we know why Berenberg downgraded. Not a pretty sight this morning.
Reading with interest.
Anyone chatting ntg
Any views on the cause of the drop today?
Another great set of results well done Northgate 28 June 2016 NORTHGATE PLCPRELIMINARY REPORT FOR THE YEAR ENDED 30 APRIL 2016Overall results in line with expectations and increase in dividend Northgate plc ("Northgate", the "Company" or the "Group"), the UK and Spain's leading specialist in light commercial vehicle hire, announces its results for the year ended 30 April 2016. Financial summaryUnderlying profit before tax £82.9m (2015 – £85.0m) including:£3.7m adverse impact from the previous changes in vehicle depreciation rates;£1.7m adverse effect of the weakened Euro across the year;Adjusting for the above factors, underlying profit before tax increased by £3.3m; Profit before tax £77.6m (2015 – £83.0m); Underlying basic earnings per share 49.0p (2015 – 51.0p); Basic earnings per share 46.1p (2015 – 50.1p); Reduction in net debt from £337.8m at 30 April 2015 to £309.9m including:£42.8m net cash generation post dividends;£16.1m adverse effect of the strengthened Euro at the balance sheet date; 10% increase in proposed full year dividend per share to 16.0p (2015 – 14.5p):Final dividend proposed 10.9p (2015 – 10.2p). Operational summaryUK:Underlying operating profit £58.2m (2015 – £69.0m), including a £5.9m adverse impact from the previous changes in vehicle depreciation rates;Restructuring and strengthening of the UK management team completed;Average vehicles on hire 3% lower than the prior year;Average revenue per vehicle increase of 2% compared to the prior year;Average utilisation of 87% (2015 – 88%);Closing vehicles on hire of 45,700 (April 2015 – 48,600).Spain:Underlying operating profit £41.3m (2015 – £33.3m) including a £2.2m benefit from the previous changes in vehicle depreciation rates;Average vehicles on hire constant compared to the prior year, including a change in mix with a higher proportion of SME customers;Average revenue per vehicle increase of 1% compared to the prior year;Average utilisation of 91% (2015 – 91%);Closing vehicles on hire of 35,700 (April 2015 – 35,600). Bob Contreras, Chief Executive, commented: "We are pleased to be delivering results in line with expectations, against a mixed trading backdrop with a reduction in the number of UK vehicles on hire being offset by a more encouraging result in Spain where we have seen an increase in our core flexible hire business and an improvement in the residual values of used vehicles sold. The cash generation of the Group remains strong with free cash flow generation of nearly £63m, giving us the confidence to propose a 10% increase in the dividend.During the year we have strengthened our UK management team and whilst it will take time for this to translate into results, we believe that this will allow us to optimise our UK business and enable us to take advantage of the growth opportunities that we see.Our Spanish business continues to execute its market strategy well, leading to improved profitability and returns.In all territories our renewed focus is on optimising our core rental business whilst taking opportunities to grow within our traditional markets and capture opportunities to expand our product offering whilst continuing to maximise value throughout the life cycle of our vehicle fleet." Full statement and results attached.There will be a presentation to analysts at 9.30am today at Numis, 5th floor, London Stock Exchange Building, 10 Paternoster Square, London EC4M 7LT. If you have not already registered for attendance then please contact MHP Communications on the number below. A live webcast of the presentation will be available to view via a link on the Company's website For further information, please contact: Northgate plc 01325 467558Bob Contreras, Chief ExecutivePaddy Gallagher, Group Finance Director MHP Communications 020 3128 8100Andrew JaquesBarnaby FrySimon HockridgeOllie Hoare« previous
Northgate plc 45.8% Potential Upside Indicated by Citigroup Posted by: Katherine Hargreaves 22nd April 2016 Northgate plc with EPIC/TICKER LON:NTG has had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘BUY’ this morning by analysts at Citigroup. Northgate plc are listed in the Industrials sector within UK Main Market. Citigroup have set their target price at 600 GBX on its stock. This is indicating the analyst believes there is a potential upside of 45.8% from today’s opening price of 411.6 GBX. Over the last 30 and 90 trading days the company share price has increased 10.8 points and increased 63.3 points respectively. Northgate plc LON:NTG has a 50 day moving average of 395.66 GBX and the 200 Day Moving Average price is recorded at 429.24 GBX. The 52 week high share price is 664 GBX while the 52 week low for the stock is 316.3 GBX. There are currently 133,232,517 shares in issue with the average daily volume traded being 413,661. Market capitalisation for LON:NTG is £550,783,217 GBP.
3rd eye
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