Member Info for silkpete

now 19.99p to buy, topped up

94p to buy, moving up nicely, not taking much to push it back to 100

85p buy, profits down but still paying reduced divdend, oversold

looks like these are getting scarce, been tightening since lunch now 10.5p buys

just bought @ 7.90, all the others at this will be buys too, not sells

It helps that it one brand name now and that there is actually signage on more vans now. Lets see if it can hold 300 this time, 3rd time lucky.

Small dip over the last week which reflects the market generally. Must be good for medium /long term with Leaseway pushing customers to return as the bank reposess vehicles, will they see February out? Maybe, but will be closing doors by the end of March as still no buyers

Leaseway staff apparently told last week they are moving towards closure by the end of March as the only buyers are wanting to cherry pick, would be cheap way for NTG to increase fleet buying just profitable portions of Leaseway customer base and newer fleet, if money available. HSBC target price ought to be achievable all considered

Should have read there are NO signs of Leaseway coming out of administration whole. NTG now up 50% since the start of December and there is no reason now 300 broken that it can' t be pushing 400 in the next month with most competion out of the way. This will tighten the fleet at what is usually the quietest couple of months with Scotland having most potential for growth

just ticked up, Can it hold this time, will runaway if it does as there are now signs of Leaseway coming out of administration as a whole company leaving lots of customers with nowhere to go if looking National

There will be quite a few vans going through the auctions over the next few months as the last of TLS go through along with NVR & Leaseway who are defleeting heavily and are likely to be stepping up the volume. Come the end of March all ought to be gone leaving NTG on their own

Next 3 months should be a piece of cake "Sharetime" NTG will be able to put out anything they get back at higher rates, won't be able to supply enough with about 20k rentals from TLS, NVR & Leaseway. Can't see cut backs being anything less than a bonus as high mileage customers with low rates. Still a lot of gains to be made here

TLS close the doors today, Newtown closed theirs 2nd Dec, Leaseway in administration, that's the 3 closest competitors almost gone. 300 can't be far off, can't see any reason for retrace esp as big holders won't be doing any selling this side of New Year. 40% increase in 3 weeks makes up for a lot of pain for many holders

Biggest factor here ought to be whether the fleet can be INCREASED to pick the higher quality customers from TLS and Leaseway as the door is wide open. With both major competitors disappearing proper rates can now be charged as customers have nowhere else to go. Enterprise could also step in as they try to expand their commercial fleet

As rumoured Leaseway have gone into administration today, they may of course come out of it but customers will be unsettled and some are bound to move to Northgate. Another largish company NVR have been bought today too with redundancies I believe as they were struggling, believe Hitachi finace have funded it but not sure on whose behalf.

Now looks to be a good time to get on Northgate. They are already the market leaders in Vehicle Rental and their 2 closest competitors are both struggling. TLS are closing the doors 18th DEC and there are strong rumours that the 2nd biggest will shortly be going into administration. Northgate have already increased prices and look like being the only big national van supplier which should enable the prices to harden even more

Sorry, I'd only come across this link at lunchtime and saw it time 17.18 last night, didn't realise there was an earlier RNS

See below, this came out last night but hasn't had much press, a little matter of £32m difference in net debt What's £32m between friends? Van hire company Northgate came back to the market tail between its legs yesterday, to 'fess up to a rather grave error in its half-year results last week. It seems the company had not, in fact, lopped £205m off its debt since April, but a rather less impressive £173m – leaving half-year net debt at £713m. "It's embarrassing," said Investec's Robert Morton. "You'd have thought they'd get the net debt figure right considering the problems they've had recently." http://www.telegraph.co.uk/finance/comment/citydiary/6215457/White-van-men-cant-count-admits-Northgate.html They recently raised c £100m through RI at a cost of £31m apparantly Been in & out of these a lot but missed RI, be careful. I think I might have been taking my 20p per RI share if I'd been so lucky

Just about to post the same question, would have thought these would have kept showing gradual increase, big drop in a few hours

Let's have a bit more, 9p finish would be great