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Integrity Elite	07-Dec-2018 08:53        Integrity About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good bye Noble, we will not miss u.
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Sellsell777 Supreme	07-Dec-2018 08:50        Sellsell777 About Contact  Quote this Post!
x 0   x 0  Alert Admin	In August, Noble laid out plans for an alternative restructuring if its first choice failed. Under that scenario, it would file for administration in the U.K and the creditors would then aim to swiftly take control. The shareholders and perpetual bondholders could be wiped out. The collapse of Noble?s first-choice restructuring plan would be a blow to its creditors, including hedge funds Taconic Capital Advisors, Varde Partners and Owl Creek Asset Management, as well as Deutsche Bank AG and ING Groep NV. It?s likely that they would take control of the company?s assets if it files for administration, according to the August shareholder circular. But there are still risks: for example, the move could trigger clauses allowing some counterparties to walk away from supply contracts, making it harder for Noble to stay in business.
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enjoylife77 Veteran	07-Dec-2018 08:17        enjoylife77 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Look at Olam daily volume after the report by MW. Kick out of STI. Are their numbers questionable?  ysh2006      ( Date: 07-Dec-2018 08:02) Posted: Olam can survived but not Noble same attacked by iceberg ? enjoylife77      ( Date: 07-Dec-2018 07:42) Posted: It is disturbing that SGX still allow the issuance of rights share at $0.11 for more retailer pain.
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fatpanda Supreme	07-Dec-2018 08:04        fatpanda About Contact  Quote this Post! Style: Technical   Mood: Yells: "Another wonderful day!"
x 0   x 0  Alert Admin	Ya, Now they started to shout loudly to the whole world, they wanted to protect the further losses to the investors to show that they are working. To protect the losses might be inflated by remaining " peanut asset" , and yet the investors have already losses 98% of the share values since the crisis started. Well done and good job... NextEvolution      ( Date: 07-Dec-2018 07:53) Posted: If I recall correctly, at the point of attacks by Iceberg in early 2015, both Noble and SGX issued statements to brush off Iceberg's reports. If there and then SGX do something more drastic, to launch investigation and suspend trading of Noble in 2015, the damages would be not this much fatpanda      ( Date: 07-Dec-2018 07:43) Posted: Sufficient warnings to the regulators and authorities were kept publishing by the people and professionals who studied and understood the company operation in the past, but our officials seem not taking it seriously.  And woke up only after most of the company assets were gone, and now started shouting were all the assets gone to? Obviously, there are serious flaws in our regulating system.    Not just started from Noble, it has been there long long time since the S-Chip scandals.
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ysh2006 Supreme	07-Dec-2018 08:02        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Olam can survived but not Noble same attacked by iceberg ? enjoylife77      ( Date: 07-Dec-2018 07:42) Posted: It is disturbing that SGX still allow the issuance of rights share at $0.11 for more retailer pain.
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NextEvolution Elite	07-Dec-2018 07:53        NextEvolution About Contact  Quote this Post!
x 0   x 0  Alert Admin	If I recall correctly, at the point of attacks by Iceberg in early 2015, both Noble and SGX issued statements to brush off Iceberg's reports. If there and then SGX do something more drastic, to launch investigation and suspend trading of Noble in 2015, the damages would be not this much fatpanda      ( Date: 07-Dec-2018 07:43) Posted: Sufficient warnings to the regulators and authorities were kept publishing by the people and professionals who studied and understood the company operation in the past, but our officials seem not taking it seriously.  And woke up only after most of the company assets were gone, and now started shouting were all the assets gone to? Obviously, there are serious flaws in our regulating system.    Not just started from Noble, it has been there long long time since the S-Chip scandals.
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fatpanda Supreme	07-Dec-2018 07:43        fatpanda About Contact  Quote this Post! Style: Technical   Mood: Yells: "Another wonderful day!"
x 0   x 0  Alert Admin	Sufficient warnings to the regulators and authorities were kept publishing by the people and professionals who studied and understood the company operation in the past, but our officials seem not taking it seriously.  And woke up only after most of the company assets were gone, and now started shouting were all the assets gone to? Obviously, there are serious flaws in our regulating system.    Not just started from Noble, it has been there long long time since the S-Chip scandals.
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enjoylife77 Veteran	07-Dec-2018 07:42        enjoylife77 About Contact  Quote this Post!
x 0   x 0  Alert Admin	It is disturbing that SGX still allow the issuance of rights share at $0.11 for more retailer pain.
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Wind22i Supreme	07-Dec-2018 07:17        Wind22i About Contact  Quote this Post!
x 0   x 0  Alert Admin	They dont want new scam..no more phase 2 ...
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enjoylife77 Veteran	07-Dec-2018 06:34        enjoylife77 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Noble Group is Fraud Phase 1. New Noble is Fraud Phase 2.
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Grouchycabi Master	07-Dec-2018 03:08        Grouchycabi About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	We may never see New Noble.
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2Noble2 Member	07-Dec-2018 02:13        2Noble2 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I wonder if New Noble can be listed on the Hong Kong Stock Exchange or the London Stock Exchange 😂 😂 😂
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kangaroo11 Veteran	07-Dec-2018 00:54        kangaroo11 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Following the commencement of the investigations, Noble submitted to SGX RegCo a set of simulated financial statements to illustrate the effect on New Noble&rsquo s financial statements, after considering the potential non-compliance with accounting standards highlighted by ACRA in its letter to Noble dated Nov 20, 2018. The authorities say the simulated financial statements show that the net asset value (NAV) of New Noble as at Dec 31, 2017, could be adjusted downwards by about 40%, and that the NAV as at Mar 31, 2018 could be adjusted downwards by about 45%. These adjustments would be in addition to the write-downs of more than US$2 billion ($2.7 billion) already made by Noble in FY2017. Arising from investigations by CAD and MAS, the authorities point out that there could be even further reductions in New Noble&rsquo s NAV that extend beyond the potential non-compliances with accounting standards highlighted by ACRA. &ldquo CAD and MAS are looking into other relevant areas in connection with the preparation and disclosure of [Noble Group&rsquo s] financial statements, including valuation of commodity contracts and other related assets,&rdquo the authorities say. &ldquo The findings arising from these investigations could potentially lead to a further erosion of New Noble&rsquo s NAV.&rdquo
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2Noble2 Member	07-Dec-2018 00:42        2Noble2 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I wonder how the authorities are helping by not allowing New Noble to be listed ( even when over 99% shareholders supported the resolution).  With reduction in debt, new fundings and a more cautions management n finally with commodity prices at still attractive levels, New Noble seemed the answer. We should move forward while acknowledging past mistakes. Shutting down Noble won' t benefit anyone.
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2Noble2 Member	07-Dec-2018 00:01        2Noble2 About Contact  Quote this Post!
x 0   x 0  Alert Admin	When a company collapses, shareholders get nothing. Deal with it. Just hope that Noble management n interested parties come up with viable alternatives.
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ysh2006 Supreme	06-Dec-2018 23:52        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	How many new Noble shares existing share holders have ?.... ysh2006      ( Date: 06-Dec-2018 22:38) Posted: Noble shares if restructure retail investors got what ? Maybe again 10 :1 consolidation so last time 10 lots became 1 lot and would be 100 shares after restructure new Noble shares for what.... mailaileh      ( Date: 06-Dec-2018 21:44) Posted: Who knows? Other than pure speculative purpose, I have never quite understood why Goldilocks come in huge at a sensitive period. As a strategic investment, they will have better options (than buying straight on secondary market) to get a bargain if they want to pick up whatever noble assets they are interested in. Can only say they happy lo.  Hope people who still have holdings in Noble didn' t lose too much. Live and fight another day. Good luck everyone.
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gopguppy Veteran	06-Dec-2018 23:22        gopguppy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Let' s not speculate about what is going to happen. We will wait for the official announcement from Noble Grp and then decide what to do next.  I suspect Noble is already talking to a few creditors behind the scene to save the situation.
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Grouchycabi Master	06-Dec-2018 23:18        Grouchycabi About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Yes. Please investigate thoroughly. And give us all a good report and compensation.
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Ryuuenji Elite	06-Dec-2018 22:56        Ryuuenji About Contact  Quote this Post!
x 0   x 0  Alert Admin	SgYuan, can come forward your EW? Will it be a Tsunami Wave, A Wave that end All Waves?
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Starship Supreme	06-Dec-2018 22:52        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	The Titanic II........................... Singapore regulators won' t let Noble re-list, citing potentially inflated assets THU, DEC 06, 2018 - 5:54 PM UPDATED THU, DEC 06, 2018 - 6:26 PM THE Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX Regco) have decided not to allow Noble Group (NGL) to transfer its listing status to New Noble as part of NGL&rsquo s proposed restructuring, MAS, SGX Regco and the Singapore Police Force said in a joint statement on Thursday. " MAS and SGX RegCo have concluded that there are significant uncertainties about the financial position of New Noble. It would be imprudent to allow the re-listing as investors will not be able to trade in New Noble&rsquo s shares on an informed basis," they added. The announcement comes after a &ldquo careful review&rdquo of the findings thus far into NGL and Noble Resources International (NRI), carried out by MAS,  the Commercial Affairs Department (CAD) and the Accounting and Corporate Regulatory Authority (ACRA). Simulated financial statements submitted by NGL to SGX RegCo show that the net asset value (NAV) of New Noble as at 31 December 2017 could be adjusted downwards by about 40 per cent, and that the NAV as at 31 March 2018 could be adjusted downwards by about 45 per cent. " These adjustments would be in addition to the write-downs of more than US$2 billion already made by NGL in FY2017," they highlighted. There could be even further reductions in New Noble&rsquo s NAV arising from investigations by CAD and MAS that extend beyond potential non-compliance with accounting standards highlighted by ACRA in a letter to NRI dated 20 Nov this year. CAD and MAS are looking into other relevant areas in connection with the preparation and disclosure of NGL&rsquo s financial statements, including valuation of commodity contracts and other related assets. The findings arising from these investigations could potentially lead to a further erosion of New Noble&rsquo s NAV. https://www.businesstimes.com.sg/companies-markets/singapore-regulators-wont-let-noble-re-list-citing-potentially-inflated-assets
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