| 22:08 21/05/2012 | 52 Week Low for the SP |
| Buckle up , this roller coaster is heading for the dip, but will it rise up the other side or run out of steam. 52 week low for the shares 168p . Greece is heading for the abyss , how long until Spain follows it. By PeterFenton |
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| 11:07 18/04/2012 | Re: Mmmm... |
| What happens when Spain Implodes , which is likely this year. You can cut costs, but only for so long, but until your revenues / ROI improve you ain't got much. By PeterFenton |
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| 19:20 10/04/2012 | Mmmm... |
| It would be a great deal more beneficial to review why customers appear and feel ignored whilst internally people are being bent over vaulting horses and reaching for pool balls... By mrweird |
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| 20:01 19/03/2012 | Re: oh dear |
| Indeed but to be fair the restructure this time around seem sensible. I also hear positive things about devolving some authority back to the branches and regional management teams. By Mr Irrelevant |
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| 18:50 17/03/2012 | oh dear |
| More re-structuring,more uncertanty,poor results not looking too good By Bradmanoz |
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| 21:17 13/03/2012 | Re: Waring family back in rental |
| They're interesting days right about now and competition is building. Not only that but there does seem to be a common theme... Apart from this new entrant with a former Northgate Chairman and Ops Director, we have several pseudo NTG businesses all run or involving ex NTG people; Transflex; Funded by the Vardy Group, ex NTG staff include former CEO Steve Smith. former FD Ged Murray and at least one former NTG company MD. It's rumoured that there are others behind the scenes too. Hiregate: Owned by Dawsons but operated by a swathe of ex NTG employees and directors There's CVS, majority owned by Close Brothers PLC and having a sprinkling of ex Northgate staff. And don't forget Enterprise Flexirent, again ran by former NTG staff and directors. These businesses are still relatively fledgling but all have access to substantial asset capital. They aren't a great worry for NTG today but watch this space. You can be sure that between them they know who and where pretty much every Northgate customer is. By Mr Irrelevant |
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| 19:29 12/03/2012 | Waring family back in rental |
| LCV Solutions has acquired the business and assets of Reflex Vehicle Solutions. LCV Hire Solutions Limited (“LCV Solutions”), a new business owned by the Waring family, has acquired the business and assets of Reflex Vehicle Solutions Limited All existing employees have been transferred to LCV Solutions and the role of Managing Director will continue to be filled by Charles Hart. The Waring family were a significant investor and key component of the management of Northgate plc from 1998 - 2005. Oliver Waring, Executive Chairman of LCV Solutions said, “This investment represents our return to the light commercial vehicle flexible rental sector – a sector we know well and to which our principles of prudent financial management and strong customer service are well suited. We are delighted to have purchased a business with such experienced and dedicated staff and loyal customer base. The business has many high profile clients and we look to building our relationships further in the near future, to include the benefit of significant investment in new fleet over the coming months and years” LCV Solutions will offer a range of light commercial vehicles and passenger cars on a flexible rental basis from one week to thirty-six months or more. With its head office and hire depot in Teesside and a further hire location at Waltham Abbey Essex, LCV Solutions is able to offer a nationwide service. With over 3,000 service agents nationally and a team of in-house Mobile Technicians, the business has built a strong reputation for excellent service levels and rapid response to customer requirements. By blu nose |
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| 12:38 25/02/2012 | boring |
| about time this lot did something - whos buying all the shares recently - hows spain - hasta la vista By slimdon |
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| 14:38 15/12/2011 | NTG vs FTSE |
| Anyone else wish they'd sold at £3.40? Not looking good... http://uk.finance.yahoo.com/q/bc?t=6m&s=^FTSE&l=on&z=l&q=l&c=NTG.L Have been holding onto mine hoping it's just "the markets", but this one's on a steeper decline than the FTSE! By tangiebaals |
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| 17:27 07/12/2011 | The Expert View..... |
| The Expert View: Whitbread, Fresnillo and Afren A round-up of analyst notes, including their take on Kofax and Northgate. by Caelainn Barr on Dec 07, 2011 at 00:01 http://bit.ly/rzWGPT Peel Hunt keeps 'buy' on Northgate following strong interim results Andrew Nussey, analyst at Peel Hunt, has kept a ‘buy’ recommendation on Northgate (NTG.L), and his forecast for the year remained unchanged following the company's interim results. The van rental agency’s half-year report shows profits before tax increased 19% in the first half to £32.3 million and earnings per share gained 13% to 17.4p. Nussey said: ‘Interims are slightly ahead. UK, 71% earnings-before-tax, demonstrating resilience with 90% utilisation and rising yield (2%). Residuals remain a key support. ‘Spain, 29% earnings-before-tax, continues to perform well in tough markets. Outlook is unchanged and we are maintaining estimates.’ By SpikeyDT |
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| 14:42 06/12/2011 | Buy Northgate, says Peel Hunt |
| http://uk.finance.yahoo.com/news/Broker-snap-Buy-Northgate-digilook-2846175178.html?x=0 Buy Northgate, says Peel Hunt Companies:NORTHGATE Tuesday Morning Corp. Topics:Upgrades 11:03, Tuesday 6 December 2011 LONDON (ShareCast) - Peel Hunt has reiterated its buy rating for vehicle hire firm Northgate (Other OTC: NGTEF.PK - news) after the firm's first half results came in slightly ahead of forecasts. The firm's clean pre-tax profits were 2% above Peel Hunt's expectations, with UK operations (which account for 71% of earnings before interest, tax and amortisation) demonstrating "resilience", the broker said. Also, analyst Andrew Nussey notes that Spain continues to perform well in tough markets. "Our estimates continue to assume that UK recovery will be gradual and that Spain remains under pressure. While Northgate is still exposed to cyclical risk, we believe the potential for positive surprises (UK performance and return on capital employed [ROCE]), long-term value creation and management quality should be reflected in a higher rating," said Nussey. Peel Hunt says that the shares are currently trading at just 0.9 times book value but should trade at a premium given the improving ROCE (12.5%). With the outlook unchanged, the target price of 350p and buy rating are left in place. Nevertheless, shares edged lower on Tuesday morning (NasdaqGS: TUES - news) , trading down 2.89% at 235p by 10:59. BC By SpikeyDT |
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| 8:23 05/12/2011 | Re: Enterprising Friends |
| Mr I, I am one of those who left NTG and for all the reasons you mentioned. Its such a shame that a business built by Mr N with such great foundations has been and is being torn apart by a bunch of accountants who do not understand the business. I hear the man at the top of the sales team has left, tells its own story I suppose. By Nirvana195 |
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| 19:49 22/11/2011 | Re: Enterprising Friends |
| I know for sure that external audits have taken place by people in cars with Enterprise tax discs but then the cars might simply be hired. They do that you know. Overall the morale of the troops continues to drop and the company continues to focus inwards. Quality teams, implementation groups new systems etc. I know some excellent people who have left leaving other perfectly good but inexperienced people running the shop. The job is not difficult really; buy vans as cheap as you can, rent as many as you can and then sell them for as much as you can get for them. In between we can get excited about obscure ratios but the bottom line is that restructuring every other day and focusing internally whilst ignoring your customers is not a great strategy. TLS were doing exactly the same years ago. I recall when I joined NTG from TLS I said to Mr Blunose that within TLS the only calls the salespeople make are to each other to discuss the latest restructure. Sadly history seems to be repeating itself. By Mr Irrelevant |
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| 14:47 21/11/2011 | Re: Enterprising Friends |
| hey Alphatracker Your words are too kind ( I think) - looks like someones spiked the shares already but not in a good way. I'm not sure whats happening with Captn Kirk and the marines and as I'm about to go on hols til Feb I'm hardly likely to find out.,,,,,,,,,,, but ya never know Anyway Happy Christmas and a very merry New Year By slimdon |
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| 9:05 10/11/2011 | Re: Enterprising Friends |
| Slimdon, I am truly impressed with your and this forum's grapewine generator and I have no doubt that the share price will spike again next time it's swtiched on. Your words are all the wiser as you are a man of few posts, I'm sure. By alphatracker |
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