Redde Northgate Share Discussion Threads

[market sniper1] 26/10/2015 09:10

NTG Northgate

UPGRADE

NTG Jefferies raises to buy from hold

[salpara111] 20/10/2015 08:50

I doubt that VW problems will have much effect here.
Now sitting at a 2 year low and on a single digit p/e.
Not a holder but as someone who used to work for a very large vehicle leasing business I like the dynamics of the industry particularly as cost of capital comes down, RVs rise and they are getting smarter with their remarketing.
Clearly the big gains have been made over the last 2 years but equally they are now a pretty stable low risk business.
I am going to see how it holds at the £4 level and assuming it does I will take a stake.

[red army] 19/10/2015 12:54

They have a good case for compensation though.

[undervaluedassets] 12/10/2015 09:16

volkeswagen damage here. .

[eastbourne1982] 10/10/2015 11:21

Nearly 35% down since the share price peaked in around April / May 2015, seems overdone to me.

Current price around £4.33 gives a very low PE ratio and decent dividend.

[undervaluedassets] 08/10/2015 09:04

Out

Too many diesel Volkswagen vans with the implicated engine on the fleet

All have damaged second hand values now.

As resale of second hand vans vital to NTG business model this will negatively impact (IMHO).

hmmm

[undervaluedassets] 01/7/2015 13:30

Market churlish yesterday

operating profit before tax was still up 26% even before depreciation kicker.

Result - profits here at record level

Debt down . ROCE up. modest price.

[jeffcranbounre] 06/1/2015 18:55

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Tesco #TSCO
TERN #TERN
Game Digital #GMD
Ultrasis #ULT
Rolls-Royce #RR.
LondonMetric #LMT
Hunting #HTG
Meggitt #MGGT
BP #BP.
Royal Dutch Shell #RDSB
Galliford Try #GFRD
Senior #SNR
Bunzl #BNZL
Morrisons #MRW
Sainbury’s #SBRY
LGO energy #LGO
AVEVA #AVV
Indivior #INDV
Northgate #NTG
Cineworld Group #CINE


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[ianfellowes] 03/12/2014 21:57

Interim ex div date is the 11th dec and the payment is 10th jan. Based on the conservative broker estimates for the year that this has some way to run as trading on a pe ratio of less than 9.

[postiga08] 03/12/2014 21:52

I want Steve! Where's Steve...

[postiga08] 02/12/2014 13:08

When is dividend?

[marmar80] 02/12/2014 08:26

Guys, one reminder: add OXS to your watchlists. Big news expected before end 2014.

[lobby ludd] 01/12/2014 17:21

Interims tomorrow.

[postiga08] 22/11/2014 01:02

This share has a seasonal rise soon doesn't it?

[postiga08] 18/7/2014 17:47

Anyone alive?

[postiga08] 23/6/2014 09:22

so i went to sell these at £6 but didnt are we due to return to that level soon? i understand from holding these a couple of years that it rises and falls seasonally...is it rising season :)

[lobby ludd] 11/4/2014 10:39

Down today on poor February building figs (due to bad weather).....but, a B.O. for anyone who thinks that a short-term blip.

[sam66] 11/4/2014 09:27

Good statement and target at £6.50 got to be a bargain at this level

[clarky5150] 01/4/2014 19:04

Another dead cat bounce or is this onward and upward?

[postiga08] 13/3/2014 19:18

Should have sold these on Friday/Monday me thinks...?

[sam66] 13/3/2014 07:49

Interim Management Statement13 March 2014Northgate plc ("Northgate", the "Company" or the "Group"), today publishes its Interim Management Statement covering the period from 1 November 2013 to 12 March 2014.UKVehicles on hire have risen by 1,100 during the period, to 47,000 at 12 March 2014 from 45,900 at 31 October 2013. This compares to a fall of 900 in the same period last year. Vehicles on hire have risen by 3,900 (9%) since 30 April 2013.As usual, during the period the business experienced a seasonal impact, but this was reduced compared to the previous year. Between 31 October 2013 and 31 December 2013 vehicles on hire fell from 45,900 to 43,900. This reduction of 2,000 compares to a reduction of 2,900 in the same period last year.The increase in vehicles on hire since 31 October 2013 includes growth of 600 vehicles from the six sites opened since February 2013, ahead of our expectations. We are expecting to open a further four to six sites in the London area in the next six months.Vehicle utilisation in the period to 12 March 2014 has averaged 87%, compared to 88% in the same period in the prior year. Fleet size has increased from 52,800 at 31 October 2013 to 53,200. Utilisation returned to 88% in February and continues to improve.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 six months ended 31 October 2013.SpainVehicles on hire have fallen by 500 during the period, to 32,800 at 12 March 2014 from 33,300 at 31 October 2013. This compares to a fall of 800 in the same period last year. Vehicles on hire have risen by 700 (2%) since 30 April 2013.In the period the business experienced an increased seasonal impact with vehicles on hire falling from 33,300 at 31 October 2013 to 32,000 at 31 December 2013. This reduction of 1,300 compares to a reduction of 500 in the same period last year and was partly driven by increased seasonal demand seen in the summer and autumn period this year.Vehicle utilisation in the period to 12 March 2014 has averaged 91% compared to 89% in the same period last year. The fleet has decreased by 600 since 31 October 2013 to 35,900.Underlying hire revenue per rented vehicle has fallen 1% in comparison to the last financial year. This reduction has been mitigated by an increasing proportion of customers operating our fleet in such a way that running costs are reduced and residual values are improved. The used vehicle market remains strong, with residual values in line with those experienced in the six months ended 31 October 2013.OutlookVehicles on hire continue to grow in the UK, with signs of stabilisation in Spain. The growth from the new sites opened is ahead of our expectations and we will continue to invest in new sites that provide the required levels of return.The Group continues to trade in line with our expectations and the strong financial position of the Group remains unchanged.For further information, please contact: Northgate plc 01325 467558Bob Contreras, Chief ExecutiveChris Muir, Group Finance Director MHP Communications 020 3128 8100

[postiga08] 09/1/2014 12:22

this place is so dead....