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Noble dramatic $1.8 billion loss Post Reply Rate topic
DummyA Senior	23-Nov-2017 19:24        DummyA About Contact  Quote this Post!
x 0   x 0  Alert Admin	way way below Wind22i      ( Date: 27-Jul-2017 20:07) Posted: Tomoro below 30c ?
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DummyA Senior	23-Nov-2017 19:23        DummyA About Contact  Quote this Post!
x 0   x 0  Alert Admin	no eye see.... so many smart trader her claim they theywikl load up when dip to 0.2.. but now break 0.193 support.and slam all.the way to.0.183 own self see , own self cut loss
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DifferentDad Member	01-Nov-2017 01:04        DifferentDad About Contact  Quote this Post!
x 0   x 0  Alert Admin	So after recent sale, the no !longer have to sell their business unit riught? Wind22i      ( Date: 27-Jul-2017 20:07) Posted: Tomoro below 30c ?
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Wind22i Supreme	27-Jul-2017 20:07        Wind22i About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tomoro below 30c ?
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Mandy1986 Veteran	27-Jul-2017 10:32        Mandy1986 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Apologies..  eagleeyes1989      ( Date: 27-Jul-2017 10:14) Posted: what nonsense.. temasek has no involvement in Noble.  Mandy1986      ( Date: 27-Jul-2017 08:46) Posted: So our Tamasake Holdings lose money again.. poor investment decisions, can sue?
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eagleeyes1989 Master	27-Jul-2017 10:14        eagleeyes1989 About Contact  Quote this Post!
x 0   x 0  Alert Admin	what nonsense.. temasek has no involvement in Noble.  Mandy1986      ( Date: 27-Jul-2017 08:46) Posted: So our Tamasake Holdings lose money again.. poor investment decisions, can sue?
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Mandy1986 Veteran	27-Jul-2017 08:58        Mandy1986 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Husband cannot sue wife.. I forgot it' s one big family.. you got the clue? Alvin2042      ( Date: 27-Jul-2017 08:48) Posted: What temasek??? Mandy1986      ( Date: 27-Jul-2017 08:46) Posted: So our Tamasake Holdings lose money again.. poor investment decisions, can sue?
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Alvin2042 Master	27-Jul-2017 08:48        Alvin2042 About Contact  Quote this Post!
x 0   x 0  Alert Admin	What temasek??? Mandy1986      ( Date: 27-Jul-2017 08:46) Posted: So our Tamasake Holdings lose money again.. poor investment decisions, can sue?
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Mandy1986 Veteran	27-Jul-2017 08:46        Mandy1986 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So our Tamasake Holdings lose money again.. poor investment decisions, can sue?
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Integrity Elite	27-Jul-2017 08:35        Integrity About Contact  Quote this Post!
x 0   x 0  Alert Admin	Please see the market depth and tell me scary or not?
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mrwise Supreme	27-Jul-2017 08:30        mrwise About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Many will sell down... may see $0.3 soon... Trade with care...
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jackson5 Master	27-Jul-2017 08:18        jackson5 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Market cap of 500m , still can be a global player ? How to compete with big players ? Tommy12356      ( Date: 27-Jul-2017 08:03) Posted: If dont have good asset, it will be another penny stock   ehclim      ( Date: 27-Jul-2017 01:50) Posted: Agree. Unlike Schips, Noble is a global player and they will attract big and solid global investors onboard if the price is right
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Tommy12356 Master	27-Jul-2017 08:03        Tommy12356 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If dont have good asset, it will be another penny stock   ehclim      ( Date: 27-Jul-2017 01:50) Posted: Agree. Unlike Schips, Noble is a global player and they will attract big and solid global investors onboard if the price is right. victortan      ( Date: 27-Jul-2017 01:43) Posted: at least it is still better than schip. do you know how much i bleed over schip. yellow river chinsa will become red red river.LOL I make good money from this chip,  there are no good or bad stock, so long it make you money it is a good stock, For me, Noble is a good stock
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ehclim Elite	27-Jul-2017 01:50        ehclim About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree. Unlike Schips, Noble is a global player and they will attract big and solid global investors onboard if the price is right. victortan      ( Date: 27-Jul-2017 01:43) Posted: at least it is still better than schip. do you know how much i bleed over schip. yellow river chinsa will become red red river.LOL I make good money from this chip,  there are no good or bad stock, so long it make you money it is a good stock, For me, Noble is a good stock
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victortan Elite	27-Jul-2017 01:43        victortan About Contact  Quote this Post!
x 0   x 0  Alert Admin	at least it is still better than schip. do you know how much i bleed over schip. yellow river chinsa will become red red river.LOL I make good money from this chip,  there are no good or bad stock, so long it make you money it is a good stock, For me, Noble is a good stock
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Bigdaddy Veteran	27-Jul-2017 01:27        Bigdaddy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is th is the.mother of all losses in Sgx? It's crazy Wind22i      ( Date: 26-Jul-2017 22:35) Posted: July 26, 2017 10:09 am by David Sheppard Commodity trader Noble Group has announced a dramatic shrink-to-survive programme of asset sales and a tie-up with rival Mercuria, as the under fire commodity trader warned it will post a loss of up to $1.8bn in the second quarter. The Singapore-listed group, founded by British-born trader Richard Elman 31 years ago, said on Wednesday that a strategic review of the business ? which has been hammered for more than two years by questions about its accounting and weak commodity markets ? had concluded that only drastic action can keep the company going. The company said: The Board believes that the commodities trading industry will continue to face both challenging conditions and realignment as established participants face a low margin trading environment against the backdrop of changing banking and regulatory landscapes and the potential for digital disruption. The Group, therefore, is positioning itself for continuing stress in the sector, which the Board believes is likely to lead to industry consolidation. Among the announcements, the company revealed: A formal sales process of its Global Oil Liquids business, for which Noble says there is a ?short list of potential buyers?The sale of Noble Americas Gas and Power Corp to Swiss-based commodity trader Mercuria?s US arm for $248m.The remaining Noble business, which will focus on coal, metals, carbon steel materials, freight and LNG, is entering into ?partnership? with Mercuria to help improve its access to financing and to seek ?strategic alliances in Asia?.Head count reductions from approximately 900 currently to 400Focus on repaying debts, including winding up secured credit lines related to its oil operationsFurther asset disposals outside North America expected to total between $800m to $1bnReserving $660m against profits booked on long-term commodity contracts (Level 3 net fair value gains)Warned of an adjusted net loss for the second quarter of $450m to $500m, adjusted for exceptional itemsIncluding exceptional items, such as the reserves on long-term supply contracts, this could reach $1.8bn in total losses
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Wind22i Supreme	26-Jul-2017 22:35        Wind22i About Contact  Quote this Post!
x 0   x 0  Alert Admin	July 26, 2017 10:09 am by David Sheppard Commodity trader Noble Group has announced a dramatic shrink-to-survive programme of asset sales and a tie-up with rival Mercuria, as the under fire commodity trader warned it will post a loss of up to $1.8bn in the second quarter. The Singapore-listed group, founded by British-born trader Richard Elman 31 years ago, said on Wednesday that a strategic review of the business ? which has been hammered for more than two years by questions about its accounting and weak commodity markets ? had concluded that only drastic action can keep the company going. The company said: The Board believes that the commodities trading industry will continue to face both challenging conditions and realignment as established participants face a low margin trading environment against the backdrop of changing banking and regulatory landscapes and the potential for digital disruption. The Group, therefore, is positioning itself for continuing stress in the sector, which the Board believes is likely to lead to industry consolidation. Among the announcements, the company revealed: A formal sales process of its Global Oil Liquids business, for which Noble says there is a ?short list of potential buyers?The sale of Noble Americas Gas and Power Corp to Swiss-based commodity trader Mercuria?s US arm for $248m.The remaining Noble business, which will focus on coal, metals, carbon steel materials, freight and LNG, is entering into ?partnership? with Mercuria to help improve its access to financing and to seek ?strategic alliances in Asia?.Head count reductions from approximately 900 currently to 400Focus on repaying debts, including winding up secured credit lines related to its oil operationsFurther asset disposals outside North America expected to total between $800m to $1bnReserving $660m against profits booked on long-term commodity contracts (Level 3 net fair value gains)Warned of an adjusted net loss for the second quarter of $450m to $500m, adjusted for exceptional itemsIncluding exceptional items, such as the reserves on long-term supply contracts, this could reach $1.8bn in total losses
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