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Northgate PLC (NTG.L)

NTG.L on London Stock Exchange

412.40GBp
21 Sep 2018
Change (% chg)

-2.80 (-0.67%)
Prev Close
415.20
Open
425.00
Day's High
425.00
Day's Low
409.80
Volume
199,232
Avg. Vol
219,985
52-wk High
467.75
52-wk Low
300.00

Latest Key Developments (Source: Significant Developments)

Northgate Sees Significant Expansion Of FY Rental Margins In Spain
Tuesday, 18 Sep 2018 

Sept 18 (Reuters) - Northgate PLC ::CONTINUING STRONG VOH GROWTH IN UK AND SPAIN; MARGINS IN LINE WITH EXPECTATIONS IN Q1.QTRLY VOH IN UK & IRELAND 42,900 VERSUS 48,000.EXPECTATIONS FOR SIGNIFICANT EXPANSION OF FULL YEAR RENTAL MARGINS IN SPAIN, MAINLY DUE TO LOWER DEPRECIATION RATES, REMAIN UNCHANGED.CLOSING VOH INCLUDED 1,600 FORMER TOM VEHICLES, SLIGHTLY LOWER THAN PREVIOUSLY GUIDED IN QUARTER.  Full Article

Northgate PLC Appoints Philip Vincent As Group CFO
Tuesday, 26 Jun 2018 

June 26 (Reuters) - Northgate PLC ::NORTHGATE PLC - APPOINTMENT OF CHIEF FINANCIAL OFFICER.NORTHGATE PLC - APPOINTED PHILIP VINCENT AS GROUP CFO.NORTHGATE PLC - DAVID TILSTON, CURRENT INTERIM CFO, WILL REMAIN IN BUSINESS FOR A SHORT PERIOD.  Full Article

Northgate Posts FY Pretax Profit Of 52.7 Mln Pounds
Tuesday, 26 Jun 2018 

June 26 (Reuters) - Northgate PLC ::IN LINE WITH PREVIOUS GUIDANCE, EXPECT DOUBLE-DIGIT VOH GROWTH IN FY2019,.FINAL DIVIDEND 11.6P PER SHARE PROPOSED (2017 11.6P) TAKING TOTAL DIVIDEND PAYABLE FOR YEAR TO 17.7P PER SHARE, INCREASE OF 2.3%.FY PROFIT BEFORE TAX 52.7 MILLION STG VERSUS 72.2 MILLION STG YEAR AGO.FY REVENUE - VEHICLE HIRE OF 471.2 MILLION STG VERSUS 456.1 MILLION STG YEAR AGO.IMPACT OF LOWER PROFIT FROM USED VEHICLES NEGATIVELY IMPACTED PROFITS IN BOTH SPAIN AND UK.GROUP OPERATING PROFITS IN FY2019 WILL BE IMPACTED POSITIVELY BY CHANGE IN DEPRECIATION RATES IMPLEMENTED WITH EFFECT FROM 1 MAY 2018.BEYOND FY2019 WE EXPECT FURTHER RENTAL PROFIT GROWTH, AND HIGHER DISPOSAL PROFITS, AS PROCESS OF FLEET AGING IS COMPLETED AND DISPOSAL VOLUMES INCREASE.INTEREST CHARGE IN FY2019 WILL BE HIGHER DUE TO HIGHER NET DEBT AND HIGHER MARGIN CHARGE THIS INCURS.ROCE IN FY2019 WILL BE IMPACTED BY REDUCTION IN DISPOSAL PROFITS.  Full Article