| Latest Forum Topics / Noble |
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Noble Group and Others
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LongNobley
Master |
06-Dec-2018 20:54
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Yes it' s possible. Noble has already has plans for this when they get votes to pass this bye-law. Most likely list in London.
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gopguppy
Veteran |
06-Dec-2018 20:03
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Can Noble be listed in other stock exchanges? Or maybe it will be privatised? What other options besides liquidation does Noble has? | ||||
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LongNobley
Master |
06-Dec-2018 18:47
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There is no need to gloat over people' s misfortune. Yes, many retailers including SG uncles and aunites have lost. Who knows, they may afford to lose and still has much more money than you. Your kind of character is the worst form of human being. To see other' s lose, and you feel good about it. It' s not enough that you win, but others have to lose. With your kind of attitude, you' ll not go very far in life.
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enjoylife77
Veteran |
06-Dec-2018 18:34
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To all those die-hard bull of Noble, you only have yourself to blame for not heeding a sensible warning from Iceberg and Muddy Water 3+ years ago. Plenty of time for you to take corrective action. If it is any consolation, you can head down to CDP to request for a copy of your Noble script.  |
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fatpanda
Supreme |
06-Dec-2018 18:25
Yells: "Another wonderful day!" |
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Disallowed so what? The most Noble go into voluntary liquidation. Then everybody can rest liao. No argument, no finger pointing.
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Ryuuenji
Elite |
06-Dec-2018 18:23
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Sad for you...
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Ryuuenji
Elite |
06-Dec-2018 18:22
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Instill Confidence back to SGX? SGX Itself already cannot run probably talk about Confidence. How many times this happened before.. ABL, CAO, NOBLE, CLOB, 20cents Min Counters (easily 20 companies)... MIDAS.. 
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LongNobley
Master |
06-Dec-2018 18:21
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Whahahaah Noble horse is doing fine! I won $10k from horse racing yesterday and the name of the horse is NOBLE!!! I also won soccer betting. Liverpool won 3-1, I won another $5k!! I am the real lucky boy!!! Noble will soar!!! Noble won' t die one. Got Abu Dhabi lah, Mr Charles lah, CIC, and RSE all inside. Die what? All come in hoot SGRecgo hard hard until Singapore regulators die cock stand!!! Hahahaha Today bought alot of shares at CHEAP price!! Tomorrow makret will rebound and HUAT to All!!! Happy trading folks !!!!!!
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Ryuuenji
Elite |
06-Dec-2018 18:17
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Zero Value.. so simple. SGX Markets cannot invest la, All scammers and SGX staffs are all lazy to care for retailers.
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Ryuuenji
Elite |
06-Dec-2018 18:14
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Ha Ha, Good for everyone, Shortist Feel Good, Longist also Feel Good, Real Investors Also feel Good. Now nobody can quarrel about who is right or wrong. Final nail in The Coffin to to end all Coffin talk. Now more Chilly Crabs and Secretary available for everyone to celebrate.
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Berani
Elite |
06-Dec-2018 17:56
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then those existing noble share holder how.... stuck forever?
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huathuat88888
Elite |
06-Dec-2018 17:49
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Must punish those found guilty to show all to better behave to instil confidence in our SGX. | ||||
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guards80
Supreme |
06-Dec-2018 17:48
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Noble Group: MAS, SGX Regc Disallow Transfer Of Listing To New Noble.06 Dec 2018 17:44
The Monetary Authority of Singapore and Singapore Exchange Regulation have decided not to allow Noble Group Limited to transfer its listing status to New Noble as part of NGL' s proposed restructuring. This follows a careful review of the findings to-date from the ongoing investigations into NGL and Noble Resources International Pte Ltd by MAS, the Commercial Affairs Department of the Singapore Police Force, and the Accounting and Corporate Regulatory Authority... http://repository.shareinvestor.com/rpt_view.pl/id/acb53d672ce06c78dc5881638ddaadbda89e737b610b3f16e72bd3fdbc7e3234/type/si_news |
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laksaman57
Supreme |
06-Dec-2018 09:44
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Auditors Auditors Auditors ...
https://www.nst.com.my/opinion/columnists/2018/12/437700/falsifying-audit-report-its-treacherous-act |
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LongNobley
Master |
05-Dec-2018 08:59
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Shareholders should do this together!
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Observers
Elite |
05-Dec-2018 07:47
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Can Noble shareholders class action sue the banks as well? Auditor maybe no money, but banks sure got money.
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investshare
Supreme |
04-Dec-2018 20:54
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Stockholm syndrome is a condition that causes hostages to develop a psychological alliance with their captors as a survival strategy during captivity.
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fatpanda
Supreme |
04-Dec-2018 19:53
Yells: "Another wonderful day!" |
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I believe that old man knew what was happening in Noble in the past. He should be called by the authority and help in the investigation. | ||||
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Starship
Supreme |
04-Dec-2018 19:34
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Noble Group probe extends to auditors, critic Dee calls for wider investigation 04/12/18, 05:58 pm Dee says a clean auditor&rsquo s opinion does not mean much today, in the wake of numerous corporate financial and accounting scandals. In an email to  The Edge Singapore, he points to the cases of Enron, Lehman Brothers and WorldCom, among others. &ldquo Every one of them had a clean auditor opinion and none of them were found out by auditors. There is no justification in relying on auditors to determine fraud.&rdquo It remains to be seen what investigations turn up. However, Dee also emphasises that investigations should not only focus on NRI and says a full and independent forensic audit should be completed before Noble can be restructured and allowed to list the new entity. &ldquo Only investigating NRI misses the bigger picture of fraud and corruption in which banks were complicit.&rdquo In his view, Noble&rsquo s sale and purchase agreements need to be scrutinised. Under such deals, Noble sold a physical commodity to banks in return for cash, while agreeing to buy back the commodity later. These were recorded as buying and selling transactions and allowed Noble to secure short-term borrowings. Dee argues that these are, instead, repurchase agreements and, therefore, Noble&rsquo s debt levels are much higher than what it reported. But Dee says: &ldquo I heard from bankers that the sale and purchase agreements were really debt hidden off balance sheet because it was agreed Noble would always buy the commodity back at the specific date and price to provide the banks with a healthy return on capital on the loan. On the other side, I was told the banks booked these same deals as loans, which I believe they were. Well, it can&rsquo t be both a sale and a loan now can it? I asked Noble to cite just one specific instance where they did not repurchase the commodity. The silence was deafening.&rdquo Dee also takes issue with the costs associated with the restructuring. &ldquo Recent restructuring costs exceeded the entire market value of the company,&rdquo he says. &ldquo One of the lead restructuring bankers told me it was one of the biggest paydays ever by multiples.&rdquo According to Noble&rsquo s financial statements for 9MFY2018 ended Sept 30, of the total restructuring expenses amounting to US$146.6 million ($201 million), the bulk comprised fees associated with the group&rsquo s interim trade finance facilities, a work fee to the ad hoc group, and legal and financial adviser fees. The remaining restructuring expenses include a waiver fee to holders of the group&rsquo s senior unsecured revolving credit facility, ING work and support fees and others. Noble&rsquo s market capitalisation, before the stock was suspended from trading, was $107.5 million. https://www.theedgesingapore.com/noble-group-probe-extends-auditors-critic-dee-calls-wider-investigation |
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runaway
Senior |
01-Dec-2018 14:10
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Noble took 3 years to drop from $18 to $0.08.
When it reported its first $1B loss, investors should have fled the scene for GOOD. Those who continued to punt only have themselves to blame. |
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