Business / Background:
Northgate is a UK based company that specialises in what they call “flexible rental” of smaller delivery vans to small businesses. My main interest in Northgate is not that I am so bullish on the UK and this sector, but that this company is somehow similar at least to the GoGetta part of Silverchef and I was looking for a peer company in order to be able to compare some metrics.
On a stand-alone basis, Northgate looks cheap:
Market cap: 570 mn GBP
Div. Yield 4,1%