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Northgate PLC (NTG.L)

NTG.L on London Stock Exchange

332.00GBp
23 Aug 2019
Change (% chg)

0.50 (+0.15%)
Prev Close
331.50
Open
328.00
Day's High
338.00
Day's Low
328.00
Volume
56,956
Avg. Vol
136,576
52-wk High
447.60
52-wk Low
300.00

Latest Key Developments (Source: Significant Developments)

Crystal Amber Fund Discloses 8.18% Stake As Of Aug 14 In Northgate - Filing
Thursday, 15 Aug 2019 10:53am EDT 

Aug 15 (Reuters) - Crystal Amber Fund Ltd ::CRYSTAL AMBER FUND DISCLOSES 8.18% STAKE AS OF AUG 14 VERSUS PRIOR STAKE OF 7.00% IN NORTHGATE - FILING.  Full Article

Northgate Reports 11.5% Rise In FY Underlying Operating Profit
Tuesday, 25 Jun 2019 02:01am EDT 

June 25 (Reuters) - Northgate PLC ::FY UNDERLYING OPERATING PROFIT ROSE 11.5 PERCENT TO 76.2 MILLION STG.FY REVENUE ROSE 6.2 PERCENT TO 745.5 MILLION STG.FINAL RESULTS.FINANCIAL PERFORMANCE IN LINE WITH GUIDANCE.FINAL FY DIVIDEND PROPOSED OF 12.1P PER SHARE (2018: 11.6P).FY UNDERLYING PROFIT BEFORE TAX OF £61.1M BENEFITTED £15.3M.SEES FY20 GROUP RENTAL REVENUE TO GROW LOW TO MID SINGLE-DIGIT %.SEES FY20 GROUP RENTAL PROFIT MARGIN TO BE APPROXIMATELY 50 BASIS POINTS ABOVE FY 2019 RENTAL MARGIN OF 12.4%.SEES FY20 GROUP DISPOSAL PROFITS WILL REMAIN BROADLY FLAT WITH FY 2019.SEES FY20 TOTAL CAPEX IS EXPECTED TO INCREASE 15-20%, DRIVEN BY GROWTH CAPEX.FY TOTAL REVENUES GREW 6.2% TO £745.5M (2018: £701.7M).FY PROFIT BEFORE TAX 60.4 MILLION STG VERSUS 52.7 MILLION STG.IN THE MEDIUM-TERM, THE GROUP EXPECTS TO DELIVER A RENTAL PROFIT MARGIN OF AT LEAST 15%.  Full Article

Northgate Says Expects Year Ended 30 April 2019 In Line With Guidance
Tuesday, 14 May 2019 02:00am EDT 

May 14 (Reuters) - Northgate PLC ::PRE-CLOSE TRADING UPDATE.FULL YEAR RENTAL MARGINS ARE ALSO EXPECTED TO BE IN LINE WITH GUIDANCE..Q4 GROWTH IN VEHICLES ON HIRE OF 8.0%.EXPECTS TO REPORT FINANCIAL PERFORMANCE FOR YEAR ENDED 30 APRIL 2019 IN LINE WITH GUIDANCE.  Full Article

Artemis Investment Management Discloses 5.25 Percent Stake In Northgate
Wednesday, 5 Sep 2018 07:30am EDT 

Sept 5 (Reuters) - Northgate PLC ::ARTEMIS INVESTMENT MANAGEMENT LLP DISCLOSES 5.25 PERCENT STAKE IN NORTHGATE - FILING.  Full Article

Northgate Expects FY Pretax Profit To Be In Line With Guidance
Tuesday, 15 May 2018 02:00am EDT 

May 15 (Reuters) - Northgate PLC ::EXPECTS TO REPORT PROFIT BEFORE TAX FOR FULL YEAR ENDED 30 APRIL 2018 IN LINE WITH PREVIOUS GUIDANCE.  Full Article

Northgate fires ‍CFO Paddy Gallagher on conviction of assault
Tuesday, 26 Sep 2017 04:48am EDT 

Sept 26 (Reuters) - Northgate Plc :NORTHGATE PLC - ‍PADDY GALLAGHER, CHIEF FINANCE OFFICER, HAS BEEN SUMMARILY DISMISSED DUE TO HIS CONVICTION FOR SUMMARY OFFENCE OF COMMON ASSAULT​.NORTHGATE PLC - ‍DAVID TILSTON HAS BEEN APPOINTED AS INTERIM CHIEF FINANCE OFFICER​.NORTHGATE - ‍WHILST CONVICTION RELATES TO MR GALLAGHER'S PERSONAL LIFE, SOLELY AS A RESULT OF THIS CONVICTION, BOARD CONSIDERS MR GALLAGHER'S POSITION IS UNTENABLE​.  Full Article

Northgate says overall growth in closing vehicles on hire of 1,600 in four months to Aug. 31
Tuesday, 19 Sep 2017 02:00am EDT 

Sept 19 (Reuters) - Northgate Plc :AGM TRADING STATEMENT.‍CONTINUES TO MAKE GOOD PROGRESS AGAINST ITS STRATEGIC OBJECTIVES​.‍REPORTS OVERALL GROWTH IN CLOSING VEHICLES ON HIRE OF 1,600 IN FOUR MONTHS TO 31 AUGUST 2017​.‍REMAIN ON TRACK TO MEET EXPECTATIONS FOR FULL YEAR​.‍EXPECT WEIGHTING TO BE SKEWED TO SECOND HALF, MORE THAN HAS BEEN CASE HISTORICALLY​.  Full Article

UPDATE 1-Activist investor pushes for ouster of Northgate chairman

March 11 Activist investor Crystal Amber called on Monday for a shareholders' meeting of struggling British commercial vehicle rental company Northgate to remove its chairman Andrew Page from the board.