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Redde Northgate Investors - NTG

Redde Northgate Investors - NTG

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Redde Northgate Plc NTG London Ordinary Share GB00B41H7391 ORD 50P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 250.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
250.00 250.00
more quote information »
Industry Sector

Top Investor Posts

blobby: I agree, reasonable looking results. hxxps:// Just need to wait for the market to catch up.
carcosa: hxxps://
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.
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.
jungmana: am a novice investor and have been looking at NTG.can anyone tell me why i should buy this share?
simonsaid: to me its obvious that dave and steve are 2 different investors, as dave can spell. lol
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
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.
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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