Northgate (NTG)

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Northgate NTG Logo

The UK, Spain and Ireland’s leading specialist in light commercial vehicle hire.

22-Feb-2018 – 351p – £482.3m – PER 7.98

Q3 Trading Update – A load of waffle usually means there’s some bad news towards the end. It seems “FY18 PBT is expected to be c.25% lower than the £75.0 million reported in FY17”.

This one just popped onto my radar for the first time and – It’s going straight on the Avoid list for now.

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