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Northgate Results (NTG)

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blobby
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Northgate Results (NTG)

#231972

Postby blobby » June 25th, 2019, 2:27 pm

Northgate are in my HYP (They were in the FTSE 250 but I’m not sure if this is still the case). They do vehicle hire in the UK, Ireland and Spain.

They have results out today:

https://www.northgateplc.com/investor-r ... nt/3620674

They have not been my most successful investment in terms of share price, but results look good to me, reduced debt, increased sales, profits and dividend. There is a good discount to NAV and a yield of 5.7%. Currently 3.2% of my portfolio and perhaps I should be buying more? They may be slightly outside the rules here for HYP due to the currently reduced market cap currently at £427 million? (I'm claiming this as on-topic as I bought them when they were in the FTSE 250).
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