Member Info for Transan

Northgate has always been a good company - have been invested here since 1995

Interesting - Look at the detail- the current Chairperson of Redde Northgate I
Has previously been chairperson of British Car Auctions/Reede and Northgate so the selling of Reede Northgate to part of the BCA group makes sense.
A deal at £6 plus is good in my view - bring it on.

personally I can’t see this going anywhere, I’ve watch it for years, only did any good when they got involved with garden centres, then they were sold.
I live locally to them an watch with interest, they are a Good solid company, always looking for drivers. They don’t sparkle or attract like Stobart etc.

Yes the ship has certainly sailed under a new flag - to a company that understands the business and the silly rates war may come to an end - I don’t think so. At least there’s no financial blood bath. Full marks to Dbay for dressing this business for sale/transfer, however you’ve done it many times before.
Truthfactory - well done for sticking to your guns.
Bon Voyage

This is an investment company not an operating business - therefore Stobart Logistics that this business owns 49% will report its owns commercials announcements differently to its own investors - we will not be involved with the commercials decisions of the Lodistics business.

I still believe it’s all smoke and mirrors and there will feel a big tumble at some stage!!!

About bloody time - Northgate is the number one van rental business in the UK and has been undervalued for years - maybe we can get a good dividend!?

Agreed - said it before - all smoke and mirrors

But they do and have done for years - the bigger they are the more they do it - less than cost.

PEPSI, COKE AND OTHER LARGE VOLUME DRINKS ARE PUT OUT TO TENDER AND ALL THE MAJOR CONTRACTORS BID - NO REAL PROFIT IN THIS WORK OTHER THANK FILL IN ON SCHEDULES, REDUCES EMPTY RUNNING.

The whole warehousing and distribution for Asda under new ownership is under tender!!??
The distribution for Dunelm is reportedly been won by Stobart as they helped them out over Xmas.

Sorry just one small point - Northgate is a rental company not leasing - very different.

There was an article in the transport trade papers some weeks ago saying what Asda were planning to do. Stobart is a good contender for part of the contract, they won’t give it all to one company, and in reality there’s only 3 contenders.
Don’t forget ESL is an investment company investing in a logistics company with 49% shareholding, they are not managing the company.
We shall see??

As you will have seen I am not a fan of this organisation however it is likely to announce that it has won a major contract with Asda who are planning to outsource their logistics ie warehousing and transport fleet.
The debt will just increase, it will eventually tumble.

This a den of vipors

Northgate is the prominent company here - yet Redde is taking the lead etc etc.
Northgate has always been a good company with a few ups and downs.
For Northgate shareholders this is merger is a big minus, we’ve lost value and dividend!!

Simple - you would own 1% of a 49% stake in a shell company that owns 49% of the Stobart Logistics Business - very complicated. Wouldn’t touch it with a barge pole.
This company is hated and loathed by the logistic business within the UK.
Your call!!

I take it oûr madam chair lady is spending our dividénds??

49% of bugger all
Was it 4m on 800m turnover for 6months trading - I’ve said it before they are doing a lot of business for nothing - any of us can do loads of that any where in the world.
This is what happens when you grow so big in this business by undercutting everyone else.

I do hope your right because at the moment it’s a word I can’t print here!!

Good article - this what Northgate has done well at for decades with high utilisation on the rental - a good sound business. Redde is what? Nobody has heard of this business let alone what it’s doing - why is it now added to Northgate? The market does not understand and I certainly do not and more to the point it’s Redde management leading the business - disaster - we hear nothing from the CEO nor the Chairperson whose idea this was as she has previous experience with a Redde.
As a shareholder I am ****ed off with her - Northgate should go around £5 but is being dragged down by Redde.
Mrs Chair pull you finger out or are you looking for a big pay out like Stobart ???