Redde Northgate Share Discussion Threads

[postiga08] 31/12/2013 08:15

can anyone remind me if there were several rights issues here? i know there was 1, but i cant image share price used to be 12000 odd like the grpah suggests

[postiga08] 31/12/2013 08:06

where is that steve guy or whatever his name was, the one who is in the industry and knows his stuff...

[postiga08] 30/12/2013 13:11

sory, i misunderstood. i ahve had my div.

on a sperate note, share price looking good!

[postiga08] 16/12/2013 15:54

the yahoo finance page shows a dividend payment on the 11th under historical prices...



i havent had anything.

[postiga08] 16/12/2013 15:51

did ntg pay a divided??

[mr_bluesky] 06/12/2013 14:57

smashed through the recent high ;)

no major resistance until well into the 500p's now

Mr Bluesky

[mr_bluesky] 06/12/2013 09:20

At 451p NTG is back up after a great bull bounce to tackle the recent high again.

A break through and it opens up for some more serious gains.

Mr Bluesky

[sam66] 03/12/2013 08:24

3 December 2013
NORTHGATE PLC
INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 OCTOBER 2013
Northgate plc ("Northgate", the "Company" or the "Group"), the UK and Spain's leading specialist in light commercial vehicle hire, announces its interim results for the half-year ended 31 October 2013.
Financial Highlights
• 14% increase in underlying profit before tax(1) to £32.0m (2012 – £28.1m);
• 12% increase in profit before tax to £27.4m (2012 – £24.6m);
• Underlying basic earnings per share(2) 18.3p (2012 – 15.1p);
• Basic earnings per share 15.7p (2012 – 13.1p);
• Net debt increased by 2% to £370.4m (April 2013 – £362.7m):
o Gearing(3) reduced to 100% (April 2013 – 102%)
• Return on capital employed(4) 10.5% (April 2013 – 11.8%);
• Increase in interim dividend to 3.2p per share (2012 – 1.3p).
Operational Highlights
• Vehicles on hire growth of 2,800 in the UK, including 900 from new sites opened since February 2013 (2012 – reduction of 1,400);
• Vehicles on hire growth of 1,200 in Spain (2012 – reduction of 1,300);
• Two new sites opened in the UK since 30 April 2013 with three more planned by 30 April 2014;
• Average utilisation over the period of 88% in the UK (2012 – 89%) and 93% in Spain (2012 – 90%);
• Closing fleet of 52,800 in the UK (April 2013 – 49,900) and 36,500 in Spain (April 2013 – 35,100).
 
Bob Mackenzie, Chairman, commented:
"We are pleased to see the growth achieved in the first six months of the year, following the investment that has been made in our people, systems and network. The Board remains confident that we will continue to build on this platform for growth. The Group continues to trade in line with our expectations."

hxxp://www.northgateplc.com/media-centre/press-releases/interim-results-six-months-31-october-2013

[shammytime] 02/12/2013 15:29

Beautiful action this afternoon. More to come tomorrow

[mr_bluesky] 02/12/2013 09:44

Correction over done and bounced off support at 400p.

Mr Bluesky

[shammytime] 02/12/2013 09:40

Expecting to see 440-450 within couple days here

[postiga08] 21/11/2013 16:52

Thanks. Taken a bit of a drop recently...

[sam66] 21/11/2013 12:34

3 Dec 2013 Announcement of interim results

[postiga08] 06/11/2013 13:56

when are results again sorry?

[mr_bluesky] 18/10/2013 23:46

I set this thread up when the price was 257p believing this was and still is a great long term investment.

Mr Bluesky

[11023154] 18/10/2013 16:17

still way more value here, but will be slow.

[postiga08] 18/10/2013 13:12

is steve still here? interested to know his thoughts on current share price and whether it can go higher? i bought these ages ago at 19p b4 the rights issue, and kinda wanna sell so i can invest more in Lloyds b4 they go boom

[sam66] 19/9/2013 16:32

Numis raise target price to £4.66

Barclays raise target price to £4.49

Singer raised it last month 15th Aug to £4.50 ( before release of results)

[sam66] 19/9/2013 16:25

Well done northgate !

19 September 2013

NORTHGATE PLC


INTERIM MANAGEMENT STATEMENT


Northgate plc ("Northgate", the "Company" or the "Group"), today publishes its Interim Management Statement covering the period 1 May 2013 to 19 September 2013.

UK

Vehicles on hire have risen from 43,100 at 30 April 2013 to 44,700 at 18 September 2013, an increase of 1,600 units compared to a fall of 1,600 in the same period last year. The increase includes growth of 500 vehicles from the four sites opened since February 2013, in line with our expectations.

The network continues to increase with a new branch opened in Slough on 31 July 2013. Two further branches in the London area are scheduled to open by 31 December 2013.

Vehicle utilisation in the period to 18 September 2013 has averaged 88%, compared to 89% in the same period in the prior year. Utilisation returned to 89% in August 2013. Fleet size has increased from 49,900 at 30 April 2013 to 50,600.

Underlying hire revenue per rented vehicle has increased by 1% compared to the last financial year.

The used vehicle market remains strong, with residual values in line with those experienced in the year ended 30 April 2013.

Spain

Vehicles on hire have risen from 32,100 at 30 April 2013 to 33,400 at 18 September 2013, an increase of 1,300 (2012 - Nil). This has been partly driven by increased seasonal demand.

Vehicle utilisation in the period to 18 September 2013 has averaged 92% compared to 90% in the same period last year. The fleet has increased by 1,000 since 30 April 2013 to 36,100.

Underlying hire revenue per rented vehicle has been stable compared to the last financial year.

The used vehicle market remains strong, with residual values in line with those experienced in the year ended 30 April 2013.

Outlook

Having established a strong operational and financial foundation for the Group over the past four years, vehicles on hire are showing signs of stabilisation and the early indications regarding our growth strategy are positive.

The Group continues to trade in line with our expectations.

[mr_bluesky] 14/9/2013 12:58

I am.

still holding my buy in price at 257p as in the chart in header.

Mr Bluesky

[11023154] 11/9/2013 13:41

Anyone in this I got in a few weeks back already picking up pace, LT investment here it seems

[stpalm] 12/7/2013 01:06

I'm no chartist but it looks like make or break time by this one. is there anyone else in this or watching? reminds me of ashstead a few years ago. maybe its just the same pain watching your investment 1/2 then recover and soar into profit and relief. Heres Hoping!!

[aishah] 11/4/2013 14:43

Northgate (NTG) ... looks vulnerable to an approach

[steveglobal4] 14/3/2013 13:47

Really sad news today regarding john fleet,

He was a really good guy,

SB