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NGP Niche Grp.

2.45
0.00 (0.00%)
24 May 2024 - Closed
Delayed by 15 minutes
Niche Group Investors - NGP

Niche Group Investors - NGP

Share Name Share Symbol Market Stock Type
Niche Grp. NGP London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 2.45 01:00:00
Open Price Low Price High Price Close Price Previous Close
2.45 2.45
more quote information »

Top Investor Posts

Top Posts
Posted at 20/6/2016 11:01 by atlantic57
This is classic aim behavior it really should be renamed unlisted securities market as in reality we have as private investors we have as much control over an aim Company as an unlisted one.
Posted at 30/4/2016 09:07 by smithy156
If you Google path investments and ipo there is an extract from an Angel investors website suggesting that at least it is in train and they're hawking the company around. Get angrier though by the day just thinking about how the 20 odd million that have raised has seemingly gone down the drain on that chancer in Turkey.
Posted at 14/10/2015 20:57 by yohoho
Let's face it. None of you have contributed to the prolonged life of Niche so you really have no valid reason or voice in the matter. Self interested small investors who only hope to see a liquidity event to get some cash back. Selfish beyond belief. Stop wingeing and count yourselves lucky that someone is working to restore value to this company, without which you would have nothing.
Posted at 30/3/2015 12:46 by peckhamrye1
sound have been on the upswing, theres the baldi and nervsea drills for gas/oil and im not sure what funding is needed by them as they dont say they are struggling and last time a big investor came in with money that they called a cornerstone investor.

ngp say its all about near term returns so it has to be a drill thats got all the cprs in place and must be about to drill and then got premission to flow test.

so far, i keep thinking its ukog, dunno why just do.. be a good investment.

as for alplay id forget about it if ngp got its money back from jk etc.. also, someone posted the link up to the ardilaun website... its got enzo zappo on it as a director... he's on the ngp bod as well.wtf

all imo..
Posted at 20/3/2015 13:25 by pragster
Cut and pasted:

Niche Group plc provides company update

I am delighted to update shareholders on progress made by your Board over recent months to establish a portfolio of income-producing energy assets and seek re-admission to AIM.

Against a background of turmoil and retrenchment within the oil and gas industry, we have continued to actively assess a significant number of investment opportunities since late last year. Our agreed strategy is to invest in production and/or the development of existing discoveries, focussing our attention over recent months on the Mediterranean and European areas, but not to the exclusion of other geographies should exceptional opportunities present themselves.

However, a good number of the potential transactions that pass across our desks have been turned away because these did not meet with our strict investment criteria to generate near-term cash returns for shareholders. The Board’s caution in this regard has been somewhat vindicated by the recent dramatic fall in world energy prices, which has made many assets and projects across the industry either uneconomic, or difficult to fund. For those companies, such as Niche Group (the “Group”), that have kept their resources intact, the opportunity to participate in sound projects on attractive terms are now beginning to grow as vendors become more flexible. Accordingly, we have seen an increase in the number and quality of potential investments being offered to the Group and we are assessing those of possible interest.

Our interest in the Mediterranean, European and “near East” markets remains strong despite the time required properly to evaluate projects. In particular, we have made encouraging progress with a fresh opportunity to potentially invest into the Italian gas market in the short term. This modest investment could be made through a number of ways, for example, via an equity investment in the parent company/operator of the project; a farm-in to the project; or through a combination of both. The Board is currently examining these options and will make a decision in the light of the other party’s financing requirements. We anticipate their funding plans will be finalised by Easter 2015 targeting a ramp up of their gas production over the next 12 months. Subject to discussions, such a project would deliver near term returns to Niche and enable this relationship to deepen further over the coming years. The proposed modest investment will require recourse to shareholders and is important as it paves the way towards a larger transaction elsewhere simultaneous with our planned AIM admission.

We also remain attracted to Turkey as a region where demand for energy continues to exceed internal production despite sizeable untapped reserves. Niche has held discussions with a number of the prominent oil and gas producers in that country, whilst monitoring its existing investments in ARAR and Alpay Enerji AS. A recent oil discovery made by our partners at one of these portfolio assets confirms the potential of this area, though the find requires further evaluation to establish its full commerciality. As announced previously, our discussions, which are in no way certain, with Mr. Fatih Alpay, our Turkish partner, are on-going, complex and extensive, and may lead to an increased investment in the portfolio, subject to finalised terms and financing. We are working in conjunction with one of our significant investors to assess the opportunity for further investment.

Aside from investigating new commercial opportunities, we have continued to pursue the recovery of unpaid debts owed to the Group. In December 2014 we initiated an action in the High Court in Dublin, seeking the restoration of Oman Resources Limited to the Irish Register of Companies having discovered that its directors had failed to comply with filing obligations and the company had been consequently struck off the Irish Register of Companies. In parallel we also applied to the Court for the liquidation of Oman Resources Limited, which is a significant debtor of Niche Group, so that the winding up of Oman Resources Limited can be dealt with and supervised by a Court appointed liquidator with full powers to investigate the affairs of the company. This action was commenced following careful consideration of legal advice that we obtained and follows a long period during which we attempted to resolve matters with Oman Resources Limited without recourse to litigation. I confirm that following a hearing that took place in the Irish High Court in Dublin on 16 March 2015, an order was made placing Oman Resources Limited into a Court supervised liquidation and appointing Kieran Wallace of KPMG as liquidator.

Finally, the Group remains committed to a flotation on AIM this year, which would be best achieved in conjunction with a significant transaction that increases Niche’s scale. Given our continued access and support from significant investors and shareholders, we look to the future with cautious optimism.

Christopher Theis, chief executive.

For further information, please contact:

Niche Group plc

Christopher Theis, chief executive 07974 922094 Rakesh Patel, finance director 07788 426600 www.nichegroupplc.co.uk

Luther Pendragon (PR advisers) 0207 6189100 Neil Thapar and Alexis Gore
Posted at 20/3/2015 12:03 by t-raider
Amazingly a company update !http://www.nichegroupplc.com/investor-relations/news.aspx"T"
Posted at 05/11/2014 10:04 by akajimmy9
May be of interest?

hxxp://citywire.co.uk/wealth-manager/news/is-turkey-still-appealing-to-investors-in-a-region-plagued-by-conflict/a781750?re=31495&ea=260876&utm_source=BulkEmail_WM_Daily_EAM&utm_medium=BulkEmail_WM_Daily_EAM&utm_campaign=BulkEmail_WM_Daily_EAM
Posted at 23/8/2014 15:33 by sirraman
not long to go now for news...hopefully positive as they would not not have gone as far as getting the share approval if there were no investors ready to fund the deals...so fingers crossed there will be e some news soon and then a relisting :o)
Posted at 14/8/2014 22:49 by smithy156
Given the 120 day period with sound oil in April, hopefully we'll know by the end of the month if it is the start of everything falling into place or otherwise. No doubt Will be another few twists and turns. From point of investor, Chris theis has obviously invested in this from an early stage through his involvement with Daniel Stewart and is also probably protecting the interests of fellow investors that he brought in. Hopefully they have deep pockets but would be interesting to see exactly what alpay energy consists of. A lot of earlier failed fundraisings hinged on less than successful CPR's so what is different this time around? Is it a case of double or nothing to try and recoup something of what they originally put in or is there real value there. Very little mention of hatay or konya blocks and if there was real potential in them why did San Leon walk away. Deal with sound oil is a positive sign looking forward but get impression that this is the last throw of the dice. If I was investing millions in this I would want to make sure I was getting a big chunk of the company so would speculate that pricing will be at 1p. Hoping they pull it off!
Posted at 11/8/2014 20:27 by sirraman
wasn't the last placing to keep NGP afloat at 1p from the major investors...so why should they suffer dilution? Think the placing will be at 1p+ .. depends on what the likely investors being approached for this funding view the value of new assets ..imo?