Redde Northgate Share Discussion Threads

[jungmana] 11/11/2009 18:06

am a novice investor and have been looking at NTG.can anyone tell me why i should buy this share?

[juckster] 11/11/2009 17:08

I may be wrong, but I think the Goldman Sachs comments were made quite a few months ago, so not new news, but I may be wrong.

If they've only just announced that, then all the better.

[bainsey] 11/11/2009 16:55

accounts out on the 8th dec and punted to be worth £3.00 by goldman sach

[juckster] 11/11/2009 16:41

Well, they are due to publish some results early Dec. That's the only reason I can see for the rise, as the figures could be good.

This share price was as high as 290p only a month or so ago, and this price was considered a fair value. Then for some reason it dropped to 205p on no bad news. So this leads me to believe that the share price may rise up towards 300p again pre RNS on results.

Also, back in Oct, I think Legal And General reduced their holding in NTG. So maybe they've bought back in perhaps ?

Only my opinion of course. I bought in at 214 a week ago and sold at 241 today, and will probably rebuy in again tomorrow when I guess there may be a retrace. I've been in and out of NTG since about August, so I want to be in before the results are released, as I reckon they could be good.

As I say, just my opinion, I'm sure someone else will come up with a completely different response.

[5pread] 11/11/2009 16:34

Can any body give me info on ntg why they are up 29p today. Thanks

[hassani2] 26/8/2009 09:28

can anyone tel me the future of this van

[ejohn3] 16/8/2009 21:19

yes on the other thread

[mary9740] 15/8/2009 20:51

Anyone heard any news about Northgate, thanks

[blackbear] 14/8/2009 07:04

are you serious, what are you looking for a takeover rumour or something.

[mary9740] 14/8/2009 06:36

Any news on northgate, told yesterday to get into them, but cant find out anything on them thanks

[faceless] 04/8/2009 08:34

why are Northgate down this low - is something about to happen ?

[faceless] 04/8/2009 08:32

Why are NTG down this low - ?

[hamsterape] 16/7/2009 11:27

From page 25 of the actual prospectus (eventually found on the company website):-

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

Announcement of the Placing and Rights Issue and Prospectus and Form of Proxy published 10 July

Record Date for entitlements under the Rights Issue close of business on 23 July
Latest time and date for receipt of Forms of Proxy 11.00 a.m. on 25 July
Extraordinary General Meeting 11.00 a.m. on 27 July
Despatch of Provisional Allotment Letters (to Qualifying
Non-CREST Shareholders only)(1) 27 July
Start of subscription period 28 July

Existing Ordinary Shares marked "ex-rights" by the London Stock Exchange 8.00 a.m. on 28 July

Admission and Commencement of dealings in Nil Paid Rights on the
London Stock Exchange 8.00 a.m. on 28 July
Nil Paid Rights credited to stock accounts in CREST
(Qualifying CREST Shareholders only)(1) 8.00 a.m. on 28 July
Nil Paid Rights and Fully Paid Rights enabled in CREST 8.00 a.m. on 28 July
Placing Admission 8.00 a.m. on 28 July
Dealings in Placing Shares, fully paid, commence on the
London Stock Exchange 8.00 a.m. on 28 July
Recommended latest time and date for requesting withdrawal
of Nil Paid Rights or Fully Paid Rights from CREST (i.e. if
your Nil Paid Rights or Fully Paid Rights are in CREST and
you wish to convert them to certificated form) 4.30 p.m. on 5 August
Recommended latest time and date for depositing renounced
Provisional Allotment Letters, nil paid or fully paid, into
CREST or for dematerialising Nil Paid Rights or Fully Paid
Rights into a CREST stock account (i.e. if your Nil Paid Rights
or Fully Paid Rights are represented by a Provisional Allotment
Letter and you wish to convert them to uncertificated form) 3.00 p.m. on 6 August
Latest time and date for splitting Provisional Allotment Letters,
nil paid or fully paid 3.00 p.m. on 7 August
Latest time and date for acceptance, payment in full and
registration of renunciation of Provisional Allotment Letters 11.00 a.m. on 11 August
Dealings in New Ordinary Shares, fully paid, commence
on the London Stock Exchange 8.00 a.m. on 12 August
New Ordinary Shares fully paid credited to CREST stock
accounts (uncertificated holders only) 8.00 a.m. on 12 August
Expected date of despatch of definitive share certificates for
New Ordinary Shares in certificated form By no later than 19 August

[hamsterape] 14/7/2009 10:39

Typical that the RNS and company website mention only the
record date nort the ex-entitlement date.


Hey Spob - almighty creator of many good company threads
over the years - do you know how to do the scroll-bar thing?
I showed how on another thread because there was loads of
header info and hardly any room for posts, but I don't
think you saw it.

[spob] 13/7/2009 16:43

from ft alphaville 13 July 09 (11am)


NH: what's Northgate doing
NH: after our savage attack on Friday
PM: Ah - elt me check
PM: 65p in the middle
PM: down 2.5p
PM: only another 45p to pick up there
NH: did H&M Capital Management go short?
PM: Price is defying gravity
PM: I think we did - all in
NH: what everything?
NH: slightly reckless
PM: Nah
PM: screaming sell
NH: still a screaming sell
PM: remember - 50m shares issued at 60p - and 1,200,000,000 issued at 7p
PM: Going do the maths
NH: actually I was surprised the Northgate flaks
NH: didn't come on after the show on Friday
NH: to defend the deal
NH: but I guess you can't defend a deal as bad as this
NH: the company is still well and truly up the creek

[shazzieb] 13/7/2009 09:42

any one know why this went into auction this morning?

[spob] 11/7/2009 19:00

grey market

strike a deal with longs

offer them a few pence or something

[shazzieb] 11/7/2009 10:06

Definately a short for this company. Things looking bad for them. The 'white van man' days are over (for this year anyway)............especially for the hiring in Spain where building industry is dormant. UK operating margins fell from 20.6 to 11.1 per cent and in Spain from 21.8 to 12.7 per cent.

I wish you well spob with the new thread :-)

Sorry monsta can't help you with that one.

Have a query too. If you are short and the company goes bust what happens?

[monsta2] 10/7/2009 15:02

if you short northgate now how does the rights issue affect you? do you get lumbered with more shares at a lower level or what.
if anyone knows thx

[spob] 10/7/2009 14:35

what's the betting this company will be bust within 12 months

[robson1974] 10/7/2009 13:28

brilliant stuff, good to see solid analysis being done here

[queeny2] 22/7/2008 11:32

I think NTG can break covenants, on residual prices, or otherwise age the fleet a lot. Either way they have far too much debt, and bought too much stuff at the top at the wrong price for cash, and hubristically rejected a very good offer. They should look at their Board. I don't agree that it is well run. It has done stupid things and taken too much risk.