Last 478.20 GBp
Change Today +1.70 / 0.36%
Volume 36.8K
NTG On Other Exchanges
Symbol
Exchange
London
OTC US
As of 8:08 AM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

northgate plc (NTG) Snapshot

Open
475.00 GBp
Previous Close
476.50 GBp
Day High
478.60 GBp
Day Low
472.00 GBp
52 Week High
03/7/14 - 618.50 GBp
52 Week Low
11/21/13 - 395.00 GBp
Market Cap
637.1M
Average Volume 10 Days
167.5K
EPS TTM
0.30 GBp
Shares Outstanding
133.2M
EX-Date
08/13/14
P/E TM
15.9x
Dividend
11.11 GBp
Dividend Yield
2.32%
Current Stock Chart for NORTHGATE PLC (NTG)

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northgate plc (NTG) Details

Northgate plc, an investment holding company, provides light commercial vehicle hire services primarily in the United Kingdom, the Republic of Ireland, and Spain. It also sells used vehicles, and other related goods and services. As of April 30, 2014, the company operated a fleet of approximately 53,900 vehicles from 68 locations in the United Kingdom and the Republic of Ireland; and approximately 37,800 vehicles from 23 locations in Spain. It serves blue chip corporations, public sector organizations, small and medium-sized enterprises, and owner-operators. The company was founded in 1981 and is headquartered in Darlington, the United Kingdom.

2,833 Employees
Last Reported Date: 07/25/14
Founded in 1981

northgate plc (NTG) Top Compensated Officers

Chief Executive and Director
Total Annual Compensation: 538.0K GBP
Finance Director and Director
Total Annual Compensation: 323.0K GBP
Compensation as of Fiscal Year 2014.

northgate plc (NTG) Key Developments

Northgate plc Announces Interim Management Statement for the Period of May 1, 2014 to September 18, 2014

Northgate plc announced interim management statement covering for the Period of May 1, 2014 to September 18, 2014. For the period, UK vehicles on hire have risen by 900 during the period, to 48,500 at 17 September 2014 from 47,600 at 30 April 2014. This compares to an increase of 1,600 in the same period last year. The growth in this period has largely been driven by the 11 sites opened since February 2013. The average vehicles on hire in the period have been 10% higher than in the same period in the prior year, 4% being from the new sites and 6% from organic growth. Vehicle utilisation in the period to 17 September 2014 has averaged 89%, compared to 88% in the same period in the prior year. Fleet size has increased from 53,900 at 30 April 2014 to 54,300. Hire revenue per rented vehicle is in line with the last financial year. As planned, the network continues to increase with new branches opened in Sandyford (Dublin), Watford, Enfield and Southall since 30 April 2014, bringing the branch network to 72. The used vehicle market remains strong, with residual values in line with those experienced in the year ended 30 April 2014. Spain vehicles on hire have increased by 1,800 during the period, to 36,500 at 17 September 2014 from 34,700 at 30 April 2014. This compares to an increase of 1,300 in the same period last year. As was the case in the prior year, this period benefited from strong seasonal demand. The average vehicles on hire in the period have been 10% higher than in the same period in the prior year. Vehicle utilisation in the period to 17 September 2014 has been 92%, in line with the same period last year. The fleet has increased by 2,100 since 30 April 2014 to 39,900. After adjusting for fleet mix, 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 fleet in such a way that running costs are reduced and residual values are improved. The used vehicle market remains strong, with residual values improving on those experienced in the year ended 30 April 2014. This follows the improved maintenance regime and customer profiling implemented over the past two years.

Northgate plc, Annual General Meeting, Sep 18, 2014

Northgate plc, Annual General Meeting, Sep 18, 2014., at 11:30 GMT Standard Time. Location: 60 Great Portland Street.

Northgate plc Recommends Final Dividend for the Year Ended 30 April 2014, Payable on 23 September 2014; Announces Consolidated Earnings Results for the Year Ended April 30, 2014; Announces Board Changes

The Directors of Northgate plc recommended the payment of a final dividend of 6.8 pence per share in relation to the Ordinary shares for the year ended 30 April 2014 compared to 6.0 pence per share for the year 2013. Subject to approval by shareholders, the dividend will be paid on 23 September 2014 to ordinary shareholders on the register as at close of business on 15 August 2014. The company announced consolidated earnings results for the year ended April 30, 2014. For the year, on underlying basis, the company reported total revenue of GBP 571,478,000 against GBP 609,880,000 a year ago. Operating profit was GBP 72,636,000 against GBP 86,404,000 a year ago. Profit before tax was GBP 60,274,000 against GBP 49,498,000 a year ago. Profit for the year was GBP 46,818,000 against GBP 38,841,000 a year ago. Diluted earnings per share were 34.3 pence against 28.3 pence a year ago. Net underlying cash generation was GBP 25.4 million against GBP 92.6 million a year ago. Net capital expenditure was GBP 194.4 million against GBP 117.7 million a year ago. For the year, on statutory basis, the company reported total revenue of GBP 571,478,000 against GBP 609,880,000 a year ago. Operating profit was GBP 63,539,000 against GBP 79,478,000 a year ago. Profit before tax was GBP 51,177,000 against loss before tax of GBP 11,382,000 a year ago. Profit for the year was GBP 38,841,000 against loss for the year of GBP 7,357,000 a year ago. Diluted earnings per share were 29.3 pence against diluted loss per share of 5.5 pence a year ago. Net cash from operations was GBP 30,723,000 against GBP 100,850,000 a year ago. Purchases of other property, plant and equipment was GBP 5,509,000 against GBP 8,744,000 a year ago. Purchases of intangible assets were GBP 945,000 against GBP 1,396,000 a year ago. Tom Brown has decided to retire from the Group at the AGM in September following nine years of service. Tom is Chair of the Remuneration Committee and Senior Independent Director. Jill Caseberry will take over as Chair of the Remuneration Committee following the AGM and are in the process of recruiting a new non-executive Director.

 

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Valuation NTG Industry Range
Price/Earnings 15.5x
Price/Sales 1.0x
Price/Book 1.5x
Price/Cash Flow 14.0x
TEV/Sales 1.0x
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