Nature Grp Share Discussion Threads

[leoboy] 26/9/2013 08:49

some great news :


Nature Group wins Oman portreception facility tender
By BFN News | 08:15 AM | Thursday 26 September, 2013

Factsheet Nature Group PLC Ord 0.2P (NGR)


Nature Group, a leading maritime and offshore waste specialist, has been awarded an exclusive long-term licence to build and operate a maritime waste collection service in the Port of Sohar, Oman. The waste facility was expected to make a significant contribution to turnover and profit from year 2015 and onwards, the company said. Together with the local waste management company, Al Ahlia Environmental Service LLC, Nature Group would form a 50/50 joint venture that would build and operate a waste processing plant, and service the vessels in the port by collecting their waste. The collected waste would be treated in a modern waste treatment plant that processes all MARPOL waste classes and the clean water recovered after treatment would be re-used for industrial purposes. At 8:15am: (LON:NGR) share price was +2.5p at 41.5p Story provided by StockMarketWire.com

come on Aon & Gib' ... !

[norbert colon] 23/9/2013 18:48

From Paul Scott's Small Cap daily update:

25 Sep, from 5:00pm - Equity Development Investor Forum - their usual quarterly meeting, hosted at Faskin Martineau's offices in Hanover Square. Companies presenting are: NATURE GROUP, Global Energy Development, and Matchtech. Details of the meeting & how to book in, can be found on S-t-o-c-k-o-p-e-d-i-a.

[pugugly] 17/9/2013 17:26

Balchar: Reason i am confused is that you used 20% tax rate (agreed this is the UK corporate tax rate) but the actual tax suffered from the accounts of 283,215 is at 12.5% or if at 20% on pre-exceptional income only would be 271,550 - assuming my maths is correct. and an eps of 1.7p.

Anyway it is getting too late for an old man so I will retire with the thought that traction is improving but a hold and not a screaming buy.

[ballachar] 17/9/2013 17:00

PUG>>> Yes, I agree. Please see my earlier post whic, I think, shows both figures ( before and after exceptionals.)

[dragonsteeth] 17/9/2013 16:52

I thought the CTU's would have taken off a bit more by now. They are pretty simple to operate, although they do have competition. I'm still looking for/expecting greater progress in East Africa and Brazil ,,,, will continue to watch with interest.

[pugugly] 17/9/2013 16:17

Ballachar: But these earnings include the EXCEPTIONAL profit from sale of a part share in an associated company.

What we have been discussing (or I though we had been - sorry for any confusion) is what should the post tax earnings be on the pre tax profit of £1,357,748 from the ongoing business as this is what I believe we need to determine likely eps for the 2nd half of 2013 and all of 2014.

This will give a far more accurate picture of futhre eps and hence p/e ratio and potential target share price .

[ballachar] 17/9/2013 15:59

With respect to all, if you refer to the figures at the bottom of Nature's interim announcement, you will see that the earnings figure of £1.98m is AFTER TAX.
We all agree that earnings for pence per share are calculated AFTER TAX.

[horndean eagle] 17/9/2013 14:53

Things obviously heading in the right direction for NGR now. Shipping volumes beginning to increase. BDI heading in the right direction and will therefore help pricing going forward. CTU revenue stream beginning to gain traction and longer term environmental requirements are only going to increase. I think WH Ireland forecasts will be beaten again. Companies policy is now to under promise and over deliver. Insurance settlement will give a large boost. And Gibraltar vote due next month. Lots of potential catalysts for a re-rate. Easy to forget where the shares were trading before the Gibraltar explosion and operational problems. Hopefully now a thing of the past.

[pugugly] 17/9/2013 14:48

rivaldo: Thanks for confirming my belief how to do eps calculeations.

I was getting worried I was/had /becoming become senile !!

[rivaldo] 17/9/2013 14:32

Agreed Pug - EPS is ALWAYS calculated on PAT, not PBT.

The note seems to imply by my calculations a PAT for 2013 of around £1.86m working back from the 2.3p EPS, which itself implies a weaker H2 than H1, even allowing for the increased forecasts.

The only caveat is that there's some sort of discrepancy on tax, but there doesn't appear to be using the figures in the one page WHI note.

So it's possible to conclude that the WHI figures are still somewhat conservative and core EPS may end up at say 2.8p this year.

Too early to tell imo, so I'll watch and wait. GLA.

[pugugly] 17/9/2013 13:29

Ballacha: Agreed if one is looking at eps pre tax but the standard appears to be post tax (this is after checking a number of other eps figures LISTED in refs)and also eps quoted in the accounts of a share I hold SUS where the eps figure given is AFTER TAX.

Hence my uncertainty anD inability to reconcile the WHI note today with forecast eps for 2013 of 2.3p. WHI however state 1st half eps of 1.4p which agrees with your figure BUT this is pre tax.

CONFUSED!!!

[ballachar] 17/9/2013 12:58

Interim EPS figures are not too difficult to work out. Pre-exceptionals £1.98m
less exceptionals of £0.91m produce unadjusted earnings of £1.07m.= 1.4pps.(2.5p x 1.1 over 2.0)
Similar earnings for the second half I would have thought suggest EPS of around 2.8p for year which at a 40p price gives a prospective PE of about 14.3

[shrout] 17/9/2013 12:23

If I'd been at my computer on Friday I'd have sold all of my holding as the price dipped downwards. Luckily I wasn't, and I'm happy now after the promise shown by these interims to remain a longer term holder. The prospect of a divi also bodes well.

Agree that Gibraltar is still an important issue to be settled.. both the permission to rebuild the storage facility and the insurance claim.. but the prospect of disappointment appears to fully accounted for, so imo it's not as crucial as it once was, especially given the improving performance and expansion in other parts of the group.

[pugugly] 17/9/2013 12:11

rivaldo: As a shareholder (unfortunately) Fully agree with your comment.

Subject to the tax allocation the WHI note appears to be indicating a weaker 2nd half for continuing business than 1st half, which does not make sense to me.

Do you agree, as I have been unable to adjust the tax beween ongoing and discontinued busienss and cannot reconcile the WHI 1st half eps of 1.4p with the accounts.

If you ever calcuated it what did you make the 1st half clean post tax eps for the continuing busines?

[rivaldo] 17/9/2013 09:47

Yep :o))

I'm a watcher here, not a holder, but I thought the presentation of today's results was disgraceful. Nowhere in the highlights section at the top does it state that a large proportion of the "highlighted" EPS and PAT was from the one-off sale of SART - £0.91m out of £1.98m.

And there's no adjusted figure for EPS after stripping out the one-off either - it's left to the investor to do the work.

As it happens, the core results are good, so to try and hide them is just ridiculous.

WH Ireland have now issued new forecasts of 2.3p EPS this year and 2.8p EPS next year. NGR are forecast to have net cash of £1.4m at the year end too.

IMO NGR aren't good value at this level at 41p on a P/E of 18 this year, so I'll watch and wait. There is excellent potential however, and if a Gib insurance settlement comes in say next year then that should provide a spur to the shares.

[lateralam] 17/9/2013 08:45

Anyone out there with a view on this morning's RNS?

[riddlerone] 17/5/2013 15:38

Afternoon all,Firstly must say i am not at the moment invested in Nature but will keep a close eye on proceedings.My big concern is Gibraltar and the Legal proceedings.Any serious claim can wipe out any revenue for a whole year and while the margings are not particularly good at the moment could leave Natures balance sheet extremely exposed.I used to speak to Richard Eldridge back in 2006-2009 in depth about the OTU's and their potential.Sadly its taken all this time to place 4 units which has given a march on any competitors.I really hope they get through this uncertain period as they are in a resilient sector and have great potential

[marky_mark06] 15/5/2013 18:11

Good news that the four CTU's are almost 100% utilised and that the company plans to build 3 more. This looks like being the main driver of growth in the medium term.

[cyfran101] 14/5/2013 23:44

No news on Gibraltar (though NGR held up well with stop gap), no further CTU orders, longer time-lag and difficulties with CTU order, scant info on the Panama JV and poor figures.

Doesn't justify the recent surge. Will await further progress before my interest is re-ignited.

[marky_mark06] 10/5/2013 13:42

I think the company has already said that certain work that they had hoped to book in the 2012 accounts will now be in the 2013 calendar year so, barring an unexpected announcement about Gibraltar, I don't think the year end report next week will excite investors.

[dgwinterbottom] 10/5/2013 08:03

Wiseacre - I suspect you may be on the right track, perhaps the results on Monday clear away, finally the bad news and doubts. ie Gibraltar, further CTU orders etc, progress on new facility in S America therefore looking to the future looks better than it has for the last two years at least!!!

[wiseacre] 09/5/2013 14:47

The 25% increase in the share price over the past ten days is remarkable. i gather that the house broker, WH Ireland, has been telling people to tuck the shares away. If the profits warning issued last December is anything to go by the figures out next Tuesday are unlikely to be exciting. But the statement on current trading could have investors salivating and L&G is likely to be keen to build on its 3.5% stake. Any share price weakness must be a buying opportunity.

[dgwinterbottom] 07/5/2013 16:42

I agree......interesting, other than results due out a week tomorrow. Perhaps there is something significant within!!!!

[tommy51] 07/5/2013 15:42

So what's going on here anybody know ?