Northgate Information Systems - Strategic Repositioning And Reason To Buy

LOL

hurdler I would not worry as the deramping fools are obvious - once they tried to pass comment on insurance without knowledge of standard commercial terms it was easy to tell that these were amateur derampers.

LOL these so-called intangibles are easy to factor by even a noob LA as most if not all NIS clients are under contract with defined terms so the adjust would be simple.

extended downtime again is straight-forward as resulting loss is related and any penalties incurred by NIS will be covered.

The only risk is if Northgate's broker f-ed up the original policy, which I doubt as they have already made an RNS to the contra – would not matter anyway as the simple fact is even if NIS had zero cover claims would be settled against the refinery’s operators.

I am expecting some fall back in profit and loss but the bigger picture is once settled NIS will be awash with cash , more than offsetting any near-term problems

DYOR