Noble Group

[realanalyst]

You would think the most educated people are "Noble". The serial verbal abuses on women , scenes of arrogance and incompetence at a well-known Stamford trading outfit.
https://www-valuewalk-com.cdn.ampproject...yNDQ%3D%3D

[realanalyst]

For God's sake they are brutal on women. Blew up $1.8B on questionable trades. Why Mercuria or anyone in the world would do an association with them.

HR Policy "D cups"

On or about, 2015, Plaintiff was told that Jeff Frase (CEO) and
Mike Kerrigan-Human Resources had a meeting whereby they were discussing restructuring (firing) staff.

Plaintiff was told that Jeff said that they had to keep Blair Shrewsbury, a young intern, because she was the only “D” cups on the floor, whereby Jeff and many others laughed about it, including the HR executive.

Can you understand better Noble Group will soon cease to exist, evidently somebody messed-up big time.

[weijian]

hi realanalyst,
There is no need for you to post multiple posts on the same topic. Please remove them accordingly.

Moderator

[CY09]

"Exceptional items – inclusive of the above mentioned net fair value gains reserves and other items
– are expected to be in the range of US$(1,250) to US$(1,300) million. "

Source: http://infopub.sgx.com/FileOpen/Update%2...eID=463961

This is the key statement. Its 3+ bil Fair value gain recorded over the years will be reversed. This begs the question of how much of the fair value gains are real; should we write down another 1 bil further? One of the reasons why I am wary of companies who keep recording fair value gains over their assets.

Assuming Noble's derivatives are worthless (fair value gain = fair value loss), estimated equity will be 600 mil - of which US400 mil belongs to perpetual holder and US200 mil to ordinary shareholders (that works out to about 2.1 s$cents per share). However should Noble continue to bleed US$100 mil per quarter from its underlying business, the equity will turn negative for ordinary shareholders at end FY17 and start to eat into perpetual holder's value. Stating the obvious

[YMPL]

The "reason" for the price hike?

Iceberg's criticism does not take note of improvements by Noble
http://www.businesstimes.com.sg/opinion/...s-by-noble

[Millionfaith]

The "reason" for the price hike?

Iceberg's criticism does not take note of improvements by Noble
http://www.businesstimes.com.sg/opinion/...s-by-noble

Could be because of SIAS newsletter:


 
Iceberg's Criticism does not take note of improvements by Noble

Letter to the Editor
First published on Business Times on 10 August 2017

I refer to the Business Times’ articles published on 4 and 5 August 2017 on Iceberg’s latest report on Noble Group Limited.

SIAS has been following the developments at Noble. We are pleased that Noble has shown willingness to engage with retail investors, including issuing results guidance and holding shareholder engagements. We have also observed greater transparency in Noble’s financial statements in recent quarters including information on fair value gains and associated companies.

(Not vested)

[learner88]

This could be the reason.

Noble Group rejected takeover offer from London-based fund
https://www.ft.com/content/cce628da-7ddd...da0bcbc928

[realanalyst]

Noble Group suffers from schizophrenia; its demise was never “their” fault or caused by the injurious actions of its traders.

Caught in-between, with losing positions the high rollers have framed it as “ because of liquidity constraints”.

For Noble Group “the problem” must be the exact solution, they have punted for working capital everywhere from the MD&A to Press/Investor Communication and Strategic Review…
In its Financial statements* for the six months ended 30 June 2017;

Noble presents itself as a $2B net equity company with an unaudited $1,45 MtM Gains on Derivatives company*

The trader has -$763 million negative OCF and its net debt has increased by nearly $1B to $3.81B.

* unaudited.
...

The Energy Segment traded at a loss of $226 million during 1H-2017 (excluding financing costs and salaries).

That’s more than -$1.25 million per business day… Monday to Friday but the business is run smoothly. Of course no.

But in the world of Noble shortlisters rush on a “bargain” 🙂

...

Out of Control

The Non-Performance of Global Oil Liquids should not be that shocking if you know the “Book now, think later” and underdstand karma at the company.

Noble had two or three large take-of-pay deals in the U.S but the wind has changed as it always does in the physical energy markets.

It is the last tango act of an unprincipled trader assaillant.

The burden of Karma is heavy as Noble crosses the gates of death.

EDIT post778 originates from The Noble Files 高贵组文件 研究 https://noblegroupresearch.wordpress.com...rformance/ thanks

[realanalyst]

The Securities Investors Association Singapore donors is comprised of Noble.
I  wouldn't think that their interest is fully aligned with the retail investors.





 
Iceberg's Criticism does not take note of improvements by Noble

Letter to the Editor
First published on Business Times on 10 August 2017

I refer to the Business Times’ articles published on 4 and 5 August 2017 on Iceberg’s latest report on Noble Group Limited.

SIAS has been following the developments at Noble. We are pleased that Noble has shown willingness to engage with retail investors, including issuing results guidance and holding shareholder engagements. We have also observed greater transparency in Noble’s financial statements in recent quarters including information on fair value gains and associated companies.

(Not vested)

[weijian]

The Securities Investors Association Singapore donors is comprised of Noble.
I  wouldn't think that their interest is fully aligned with the retail investors.

hi realanalyst,
The list of donors for SIAS can be found on pg59/60 of their AR16. I don't see Noble as a company is a donor. Could you clarify if there is a Noble's subsidiary or an individual connected to Noble, that is inside the list i provided below?

SIAS AR16: http://www.sias.org.sg/files/AGM/SIAS_An...16_web.pdf

If there is none. Please remove what you mentioned as it is not based on facts.

In addition, please clarify whether post778 originates from your own writing or not. If it doesn't, please provide acknowledgement and add in the link to the original article.

This will be the last warning.

Moderator