Nature Grp Share Discussion Threads

[condom2] 24/11/2014 06:48

After two weeks, the final submissions were heard today at the Magistrates court in the trial looking at the welding works that lead to the 2011 port explosion, which resulted in the death of a 40-year-old man.

‘Nature Port Reception Facilities’ face nine charges of breaches of health and safety legislation. It follows an investigation by the Gibraltar government’s Factories Inspector, John Moreno.

“My submission on the facts is these works were not commissioned by Nature.” This according to John Restano QC, Nature’s lawyer, whose closing statement lasted around three hours. Mr Restano highlighted that Plant Supervisor, Edward Gracia, had previously disallowed similar works at the water treatment plant and he would’ve done the same if he saw this work had been commissioned.

Mr Restano defended Nature’s Health and Safety regulations. He reminded Stipendiary Magistrate, Charles Pitto, of witness evidence previously heard by Mr Gracia, who said Nature’s “health and safety record keeping was all generally good.” In respect of whether Nature had an effective safety management system, he highlited the evidence provided by an industry expert appearing for Nature, Professor Booth’s comments that Nature’s systems were “generally good to excellent.”

Appearing on behalf of the prosecution, Mark Zammitt, gave a shorter closing statement in which he reiterated the main facts of the case. Mr Zammitt focused on the work carried out by the employees and whether there was a requirement for a written risk assessment; he argued there was a requirement, which hadn’t been met by Nature. The company contests this.

All evidence in the trial has now been heard. Stipendiary Magistrate Charles Pitto has adjourned the case until next Friday when he will deliever a verdict.

[buffetteer] 15/11/2014 13:45

Moat
As you say talk is cheap. There are a lot of parts to deliver. It if they do then we should see a much higher valuation. They're targeting 50 ctus and if they're ho fright the margins should jump substantially .

[moathunter] 12/11/2014 18:39

Recent RNS show some insignificant purchases:
COO bought £4,000 of shares.
CEO bought £9,150 of shares.
Chairman bought £8,000 of shares.
CFO bought £9,650 of shares.

Hardly high convictions.
Perhaps the crux with this company is whether:
# Their Compact Treatment Units are really penetrating the market after several years of trying, and
# Their two would-be cash cows (Gibraltar and Rotterdam Port services) can start delivering again.
Until then, free cash flow generation is slim and the company is reasonably valued at £15m. It's easy to let the allure of "global port services" mask the reality.

[condom2] 12/11/2014 17:27

Probably not with the world and his dog shorting every Aim stock they can.IMHO>Stock lending should be abolished on AIM !!!

[wantage] 12/11/2014 16:22

They're not buying for fun or to support price.There's no one left to sell.Anyone who wanted out has exited months ago.Long term should be ok.As always with Aim, how long is good question.

[eezymunny] 12/11/2014 13:46

Another modest dir buy yesterday.

One wonder if they'll have a decent ramp up in profits for the first time in a while!

[eezymunny] 11/11/2014 15:05

Had a few of these for the EEZY2 portfolio, FWIW.

[fillipe] 18/10/2014 20:34

NGR starting to look interesting, particularly after recent RNS - CFO share purchase with COO also recent chipping in.

For all new to NGR, it's worth a quick scan of the past 6-7 RNS's.

f

[wantage] 13/9/2014 12:06

Can't make sharesoc meeting but very interested to hear any news/developments.
Good if someone there cld report in.

[playful] 10/9/2014 08:35

Collected some more this morning too much of a bargain to ignore...

[stegrego] 10/9/2014 07:42

Seems they neglected to flag up all the bad news and delays. Mentioned once but not updated that they had further delays.

Bit of a poor show.

[dragonsteeth] 05/9/2014 11:58

Just popped on for a quick look to see if anything interesting happening (not a holder).
I guess the next two updates would be confirmation on Brazil contract starting and success or otherwise on the Maersk/Qatar contract.

[riddlerone] 25/7/2014 12:07

Hello Gents,The SBS is an old installation with Statoil about 2 years ago.Here is a good idea of the CTU's and STU,s already in situ hxxp://natureog.com/references/
I can only suggest that if you are a shareholder and have any specific questions that you give Nature a call.Nigel Sandy is a really nice guy and couldnt be more helpful

[norbert colon] 23/7/2014 21:51

Hi Leo - no currently I don't have any new / more information but then again I haven't had the time to dig around recently. Happy that current valuation has limited downside which is the main thing. Lets hope for good news on many fronts!

[leoboy] 23/7/2014 12:14

re Supply Base Solutions waste facility near Mtwara Port Tanzania ; SBS plans to expand into 4 further countries :

more CTU's might be req'd - lovely ...

[leoboy] 22/7/2014 21:54

NC thnx - if this is a new sale/deployment of a CTU then NGR are now making sales without directly telling the market via RNS - which is great ; they have recently maintained a great belief that CTU treatment (on-board) is the way forward ... need a catergoric statement - re GIB?? tank v treatment plant ? -
also finality re extra claim for sludge GIB treatment costs ... was a 90p stock - i remember !! - understand s/be a broker report shortly ... have you any more info at all re anything ?
cheers Leoboy .

[norbert colon] 22/7/2014 16:59

Interesting find Leoboy - some traction at last..wished I had attended the AGM to find out a bit more about what is going on. I hold these in my SIPP and broker account and am happy to hold based on current valuation.

[leoboy] 22/7/2014 15:55

mention of CTU at Mtwara Port Tanzania from 10-06-14 - new info ? :

[leoboy] 26/6/2014 09:34

more excellent news this am - North Atlantic Drilling Ltd return again for a
CTU & STU contract : ... some momentum building here now IMO ... NGR getting its act together & not before time ....

[norbert colon] 21/6/2014 07:41

Interested to know if anyone attended the recent AGM and how many other PI' s attended? Any notable feedback?