Nature Grp Share Discussion Threads

[gingerplant] 22/12/2016 12:45

At long last!

[capricious71] 22/12/2016 12:31

Are you all asleep?! :)

Well done to all long term holders.

[russman] 26/7/2016 12:23

No news on Gib.

[condom2] 28/5/2016 11:22

Gib = 2m plus.

[russman] 28/5/2016 10:04

Is Gib only valued @ 1.2m.
I thought it would be worth more.

[wigwammer] 27/5/2016 10:18

I'm sure there's nothing consensual about that view, dozey. ZZzzzzzzz.."We intend to obtain third party financing of assets which were originally funded from the Group's existing cash resources by entering into asset finance agreements with local banks in the Netherlands, Norway and Houston."

[dozey3] 27/5/2016 08:57

Results out today:
• Revenues increased by 14% to £16.27m (2014: £14.33m)

• Underlying EBITDA (excluding incidentals) decreased to -£ 0.33m loss (2014: £0.16m)

• Underlying operating loss declined by 9% to -£1.13m (2014: -£1.04m)

• Underlying loss before tax declined by 4% to -£1.21m (2014: -£1.17m)

• Underlying earnings per share ("EPS") of -3.17p (2014: -1.50p)

• Free cash flow decreased by 72% to -£ 2.47m (2014: £-1.43m)

• Year-end cash balances of £0.28m (2014: £0.91m)

Interesting slant on the English language where a 'declining' loss is seen to be an increasing one. However results are awful and progress woeful. Cash is nearly all gone and it's time to abandon hope and ship.

[condom2] 27/5/2016 07:58

Best for this Company to go private as Aim is just a cesspit of short money for Hedge Funds,and private investors.Why help them? The LSE does not deserve to have an Aim market. IMHO.

[muffster] 15/2/2016 08:38

Yep, May recover profits in 2016 though as they are trading better

[riddlerone] 15/2/2016 08:26

From the last Interims "At this point in the year we are cautiously optimistic that we are on track to secure a profitable outcome in 2015"
WRONG

[riddlerone] 06/12/2015 08:56

Hopefully back to profitability and an increase in share price.Unfortunately looks like there is still a seller in the market at the moment which can make progress quite slow.

[riddlerone] 04/12/2015 14:12

Hi Norbert,yes it at least draws a line underneath Gibraltar.I guess they were waiting for the elections that were last weekend.
hxxp://www.chronicle.gi/headlines_details.php?id=36872
North Mole Power Station now looks a done deal and i notice that Shell are possibly involved in the supply chain who knows !!

[muffster] 03/12/2015 09:58

Agreed, return to profitability and I have the NAV per share of 15, so lots of upside

[norbert colon] 02/12/2015 20:12

Value of Gib business?

Book value of ‎£2.3m of which I believe only a small amount is goodwill / intangibles given they only have ‎£1.2m of both across the whole group. It also generates around ‎£3.5m of annual revenue although is loss making. Hard to assess what a sustainable PTP figure would be although in 2010 it generated profits of ‎£‎;1.8m.

I will have a guess at a potential sale price of ‎£2-2.5m. Given my understanding that their premises occupy a piece of land on the rock that is quite valuable (even though its a lease), it will be interesting to see how this impacts on the valuation.

Gib generates 20% of Group revenue to its a big slug of the business but also a fly in the ointment now. A sale will put earnings back in the black and get them over the legacy issues that have been hanging round their neck for a number of years.

Look forward to further news. Thoughts welcome...

[muffster] 11/11/2015 18:35

Large buys again for last 2 days. Positive signs at last

[norbert colon] 23/9/2015 10:49

Riddler - do you have an email address you can share - if you post it here I will pick it up and you can then delete it?

[riddlerone] 22/9/2015 08:01

Well again not overly impressed.Four years of running large losses at Gibraltar expressing how important it was,they then clear the insurance claims and pull the plug.Margins still not good but investing in buying and leasing boats.Balance sheet looks no better with assets down £3m and goodwill increasing.Hope the market looks on it more positively than i am at the moment.

[norbert colon] 21/9/2015 21:37

Lots of things at play at the moment.

1) New Houston operations
2) Seems Rotterdam is doing very well
3) Further investment needed in Gibraltar for tanks rebuilding etc but good relationship with local authorities and things improving.
4) A need to gain further traction with sales of CTU's / STU's
5) Progress in Oman - seems they will have a good monopoly there.
6) Last but not least a new CEO and a strengthened board

So what does this mean for tomorrow? Wish I knew, but I am hoping for good progress and further clarity on a number of the legacy issues. Would like to see some good growth from Maritime, expect O&G to be challenging. Don't currently see any issues re: debt but as you say we shall see in the morning.

They are currently valued by the market below Tangible Book Value. I would like to see the other new NED buying some shares after the results.

[riddlerone] 21/9/2015 09:08

Whats your views for tomorrow guys? I would hope to see increased revenues but feel quite wary of the increase in debt.[CTU's & the new Tanker).I wonder if this could be the turning point from the "jam tomorrow" scenario or could the balance sheet still keep getting worse we shall see in the morning

[21trader] 17/6/2015 15:28

Lots of 100k blocks I take it something good was said at the AGM also director buy so I took some this morning.

[dgwinterbottom] 13/5/2015 08:29

Nobby - Many thanks for your post and for taking the trouble to get "involved" with the Management.