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NTG Redde Northgate Plc

250.00
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Redde Northgate Investors - NTG

Redde Northgate Investors - NTG

Share Name Share Symbol Market Stock Type
Redde Northgate Plc NTG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 250.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
250.00 250.00
more quote information »

Top Investor Posts

Top Posts
Posted at 25/6/2019 14:31 by blobby
I agree, reasonable looking results.

hxxps://www.northgateplc.com/investor-relations/rns-announcements/rns-announcement/3620674

Just need to wait for the market to catch up.
Posted at 17/4/2018 05:22 by carcosa
hxxps://www.thetimes.co.uk/article/crystal-amber-investor-attacks-disappointing-performance-of-northgate-white-vans-vgd8qsltr
Posted at 22/2/2018 09:13 by cxs1
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.
Posted at 27/6/2017 16:19 by sam66
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.
Posted at 11/11/2009 18:06 by jungmana
am a novice investor and have been looking at NTG.can anyone tell me why i should buy this share?
Posted at 02/7/2008 20:35 by welshsteve194
You were the one that got personal, just looking at your recent posts would suggest you are nursing a few losses, if that's not the case then good for you. If you are honestly telling me that you do not use shorts as part of your investing strategy, then for example how do you hedge your trades during volatile market conditions?

A successful private investor should use every legal tool and technique available to them to extract as much money out of the market as possible, the big boys for their massive bonuses do it so should the PI for themselves and their family. There are no morals in the stockmarket, with every purchase you make you are looking to buy something cheaper that you believe its worth, so your moral line doesn't hold up.

There are times to go long and times to go short and by never getting emotionally attached to any company (which you clearly are) you can make unclouded judgements.

Sadly it looks like I am not going to get any sensible debate about the quality of this company.
Posted at 20/6/2008 23:05 by simonsaid
to me its obvious that dave and steve are 2 different investors, as dave can spell. lol
Posted at 18/6/2008 19:38 by bearraider
Worcle

A profit warning that comes out of the blue, will always send the share price down
A perception that profits are going to fall badly may send the share price down too far(oversold) when the profit warning/downgrade comes because it is not as bad as is already priced in, the share price may well recover (providing investors believe it is not a profit warning in a series - they often say profit warnings come in three's)

I have owned several shares which recovered after the profit warning/update one was Norbain,(now private)but you are correct that it does not happen to many shares after a profit warning - nor am i saying it will happen at NTG.

NTG has stated it expects 2007/8 to meet mkt expectations, It has not issued a profit warning. Hopefully it will provide some current year trading info (though only 2 months of current year will have elapsed)and some forward looking info at the same time. This may be worse than the Mkt has priced in already, or the same or a better outlook than expected in which case though the expected profits for the present year may be lower than the current forecasts it is not quite the disaster that is priced into the shares already.

At this stage no-one knows
Posted at 09/6/2008 13:58 by bearraider
sorry i use level 1 .

The details of the euro loans are in the final 2007 and interim financials and the rns. Northgate do have a brill investors section on their website pdf of them all are there.

but have posted this part in case you are to lazy to look, at the interims debt was £81m lower.

Treasury

As at 29 February, net debt has increased to £865m principally due to the exchange rate movement on our euro debt. With facilities of £1,080m, we have significant headroom both to finance the needs of the existing business, and for future expansion.

The proportion of the Group's net debt with fixed interest rates at 29 February 2008 was 67%, similar to the position at 31 October 2007.
Posted at 05/6/2008 17:49 by bearraider
Northgate is the biggest light van rental company in Europe with operations in the UK, Eire and Spain.It grows steadily both organically and by profit funded acquisition in it's two core markets.

It is also looking to take it's business model and grow in a fourth country in Europe.

Investors looking at NTG will find the following resource in explaining the business, model Growth plans very helpful.


Current Credit Crunch & Recession worries now seem to be prolonging the fall in the share price from £12 that began in Jan 2007 and turning it into a prolonged slump.

The company carries a lot of debt to fund vehicles/acqusitions, it seems to be well funded on fair terms (67% is fixed interest) however 70% is in Euros and is vunerable to the £ / Euro exchange rate which has declined from just above 1.40 e to the £ at 2007 yr end (similar at interims) to e1.24 to £ at yr end 2008 - This is the main factor in the increase of debt by £80m during the 2H year till end April 2008



Yr Ending Rev(£m).P-tax£m) EPS . P/E PEG Grth.. Div . Yld
30-Apr-03 a352.39 .a36.60 41.40p 10.0 0.6 +16% 16.00p 3.8%
30-Apr-04 a355.62 .a44.59 50.70p 12.3 0.6 +22% 17.60p 2.8%
30-Apr-05 .339.38 ..54.99 62.10p 13.1 0.6 +22% 20.00p 2.5%
30-Apr-06 .372.61 ..56.06 65.70p 16.7 2.8 +.6% 23.00p 2.1%
30-Apr-07 .526.47 ..75.37 81.60p 13.5 0.6 +24% 25.50p 2.3%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

Northgate Forecasts

Yr Ending Rev(£m) P-tax(£m) EPS.. P/E PEG Grth..Div.. Yld
30-Apr-08 563.75 ...83.09 .90.56p 4.7 0.4 +11% 28.91p 6.6%
30-Apr-09 601.17 ...87.10 .90.33p 4.7 n/a -.0% 31.12p 7.0%
30-Apr-10 643.10 ...92.90 .94.98p 4.5 0.9 +.5% 31.95p 7.3%

Latest Broker recommendations

Date .......Broker name ..New. Price .. target Old ... New . Broker change

27-Jun-08 Altium Capital. Buy .368.00p ...830.00p. .450.00p. Reiteration
27-Jun-08 Panmure Gordon. Buy .368.00p ...807.00p. --------- Reiteration
04-Jun-08 Arden Partners. Buy .530.00p ----------- --------- Reiteration
29-May-08 Panmure Gordon. Buy .579.00p ...807.00p. --------- Reiteration
29-May-08 Citigroup...... Hold 579.00p ...870.00p. .640.00p. DownGrade
02-May-08 Arden Partners. Buy .613.50p ----------- --------- Reiteration
22-Apr-08 Panmure Gordon. Buy .565.00p ...807.00p. --------- Reiteration
02-Apr-08 Altium Capital. Buy .625.00p ...900.00p. .830.00p. Reiteration
02-Apr-08 Arden Partners. Buy .625.00p ----------- --------- Reiteration
19-Mar-08 Panmure Gordon. Buy .572.00p ...807.00p. --------- Reiteration
19-Mar-08 Evolution Sec.. Buy .572.00p ----------- .700.00p. Reiteration

2007/8 FINAL RESULTS are on 1st July 2008

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