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Noble
Feb 4, 2016 20:41:35 GMT 7
Post by odie on Feb 4, 2016 20:41:35 GMT 7
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Noble
Feb 8, 2016 10:57:08 GMT 7
odie likes this
Post by zuolun on Feb 8, 2016 10:57:08 GMT 7
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Noble
Feb 9, 2016 23:11:11 GMT 7
Post by zuolun on Feb 9, 2016 23:11:11 GMT 7
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Noble
Feb 19, 2016 21:55:00 GMT 7
Post by odie on Feb 19, 2016 21:55:00 GMT 7
results 25 Feb 2016
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Noble
Feb 24, 2016 8:30:46 GMT 7
Post by zuolun on Feb 24, 2016 8:30:46 GMT 7
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Noble
Feb 26, 2016 5:54:14 GMT 7
Post by zuolun on Feb 26, 2016 5:54:14 GMT 7
Noble Group reports net loss of US$1.67 billion (S$2.34 billion) on writedowns ~ 25 Feb 2016 Noble Group, a repeat of Enron fourth report (follow up): Noble’s credibility ~ 25 Feb 2016 Iceberg Research to write 4th report on Noble Group Jan 27, 20163:36 PM ICEBERG Research, the little known group that raised questions on Noble Group's accounting practices a year ago, is preparing a fourth report on the commodity trader. It did not state when the report is expected to be published, but in a post on its website announcing this, said most of its earlier arguments are already recognised by the markets. These include a target price of 10 Singapore cents for the group, which Iceberg said is "partially validated" and that Noble's investment grade rating "has always been an anomaly" which will be corrected. Noble's ratings at Standard & Poor's and Moody's have been cut to junk, while Fitch has reaffirmed its investment grade status. Iceberg noted that its claim of Noble overstating at least US$3.8 billion in fair values has not yet been validated, but has "absolutely no doubt" that this - the most important remaining argument in its view - will be "recognised as fact as well". Noble declined to comment on the matter. The commodity trader will be holding a special general meeting on Thursday to seek shareholders' approval for the sale of its remaining 49 per cent in Noble Agri to Cofco International. The counter was trading at 28.5 cents at 3.26pm, up 3.6 per cent from its previous close.
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Noble
Feb 28, 2016 18:40:30 GMT 7
Post by odie on Feb 28, 2016 18:40:30 GMT 7
Noble Group reports net loss of US$1.67 billion (S$2.34 billion) on writedowns ~ 25 Feb 2016 Noble Group, a repeat of Enron fourth report (follow up): Noble’s credibility ~ 25 Feb 2016 Iceberg Research to write 4th report on Noble Group Jan 27, 20163:36 PM ICEBERG Research, the little known group that raised questions on Noble Group's accounting practices a year ago, is preparing a fourth report on the commodity trader. It did not state when the report is expected to be published, but in a post on its website announcing this, said most of its earlier arguments are already recognised by the markets. These include a target price of 10 Singapore cents for the group, which Iceberg said is "partially validated" and that Noble's investment grade rating "has always been an anomaly" which will be corrected. Noble's ratings at Standard & Poor's and Moody's have been cut to junk, while Fitch has reaffirmed its investment grade status. Iceberg noted that its claim of Noble overstating at least US$3.8 billion in fair values has not yet been validated, but has "absolutely no doubt" that this - the most important remaining argument in its view - will be "recognised as fact as well". Noble declined to comment on the matter. The commodity trader will be holding a special general meeting on Thursday to seek shareholders' approval for the sale of its remaining 49 per cent in Noble Agri to Cofco International. The counter was trading at 28.5 cents at 3.26pm, up 3.6 per cent from its previous close. zuolun bro, $5.8 billion in the receivables is scary
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Post by odie on Jun 5, 2016 9:19:36 GMT 7
www.marketwatch.com/story/noble-group-to-issue-new-shares-get-new-chairman-2016-06-02 The Wall Street Journal Noble Group to issue new shares, get new chairman Published: June 2, 2016 10:15 p.m. ET Founder Richard Elman will resign within next year Bloomberg News Singapore’s Noble Group Ltd. has been under fire for its accounting practices. By Jake Maxwell Watts SINGAPORE — Struggling commodities trader Noble Group Ltd. on Friday announced a rights issue and succession plan for its chairman, the latest in a series of attempts by the company to shore up its weak financial position. Noble N21, -13.33% will issue $500 million in new shares, subscribed to by its chairman and founder Richard Elman and existing shareholder China Investment Corp., as well as a handful of banks, the company said in a statement. The shares will be offered at a 63% discount on its last closing price. Read: CEO of embattled Noble Group resigns It added that Elman will retire within 12 months and a committee will be set up to explore succession options. Noble has been under fire for more than a year by critics who accused it of irregular accounting. That, combined with a weak commodities market, has contributed to a share-price decline of more than 75%. Liquidity challenges have prompted credit-rating firms to downgrade Noble’s investment grade rating to “junk.” Noble has denied any wrongdoing and commissioned an independent review of its accounting last year that found it complied with industry standards and accounting rules.
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