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Northgate strategy bearing fruit

Better utilisation of the fleet points to success from the group’s turnaround strategy
December 6, 2018

Investors could understandably react poorly to a set of results that revealed a 13.6 per cent fall in adjusted pre-tax profits and a 10.6 drop in earnings per share (EPS). Not so for vehicle hire company Northgate (NTG), whose share price jumped on the release of these half-year numbers that revealed just that.

IC TIP: Hold at 386p
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