Noble Group *Official* (SGX: CGP)

Milo-Dino

Great Supremacy Member
Joined
May 15, 2009
Messages
62,359
Reaction score
23,038
wow. lau somemore....

chance for shortist to get out?

yesterday noble did 25m shares buyback at 67c average

Keverus can do more jsk detailed FA? net profit margin can be misleading
 

joshua182

Supremacy Member
Joined
Jul 4, 2008
Messages
6,039
Reaction score
170
wow. lau somemore....

chance for shortist to get out?

yesterday noble did 25m shares buyback at 67c average

Keverus can do more jsk detailed FA? net profit margin can be misleading

76 million by 10:10am... jeez.

and 0.67 broken... buyers have scattered at the moment.. maybe only to return later? no one knows.
 

Milo-Dino

Great Supremacy Member
Joined
May 15, 2009
Messages
62,359
Reaction score
23,038
76 million by 10:10am... jeez.

and 0.67 broken... buyers have scattered at the moment.. maybe only to return later? no one knows.
yea volume thick.

could also be part of profit taking for those who accumulated at 65c n below since today is friday after all...

still waiting at the sides for now
 

Obama486

Banned
Joined
Feb 14, 2015
Messages
2,268
Reaction score
0
Hopeless stock riao

Short or avoid ba...

If long hard to make $$ unless the founders are willingly to take noble private
 

Milo-Dino

Great Supremacy Member
Joined
May 15, 2009
Messages
62,359
Reaction score
23,038
Hopeless stock riao

Short or avoid ba...

If long hard to make $$ unless the founders are willingly to take noble private
not keen to short at this price

even if it drops to 20c, i wouldn't regret not shorting. (though i doubt it will go that low unless whole market crash together)

Cosz based on my own understanding of the fundamentals, there isn't that much meat left and risk reward ratio is not good.

I like to spot trend reversals and FA wise, the sale of Noble Agri could be a potential bullish trigger point
 

Obama486

Banned
Joined
Feb 14, 2015
Messages
2,268
Reaction score
0
Noble highly gearing and low on cash
The share buy back seems like a last ditch effort to save itself
 

koreanlover

Arch-Supremacy Member
Joined
Aug 6, 2004
Messages
13,764
Reaction score
695
short.

signs seem to point towards a classic pump and dump.

be wary. noble could be hit by triple whammy tomorrow.

1. if USA dont do well tonight
2. OCBC's revised TP
3. S & P's downgrade

tmr we may see landslide. but on the bright side, 70.5 cents means plenty of meat to short. hehehe.

gxgx really drop today!
Huat ah!
 

Obama486

Banned
Joined
Feb 14, 2015
Messages
2,268
Reaction score
0
the fire is getting too big, they can't put it out


Noble Group purchases 0.37% of shares in buyback

By Reuters / Reuters | June 12, 2015 : 12:48 PM MYT
Share on facebook
Share on twitter
Printer-friendly versionSend by emailPDF version

SINGAPORE (June 12): Noble Group said on Friday it had purchased 25 million of its own shares on the previous day, or about 0.37% of its issued shares.

The Hong Kong-based commodity trading firm said in a statement that it had paid a total of $16.8 million for the shares.

Noble's share price dipped to a fresh six-year low of 63 cents early on Thursday, before a strong rebound pushed it to close up 9%.
Credit rating agency Standard & Poor's on Thursday cut its outlook on Noble to 'negative' from 'stable', saying it expected higher earnings volatility.

Noble is down 6.4% to 66 cents as at 12:46 p.m.
 

TinyPocoyo

Arch-Supremacy Member
Joined
Apr 12, 2010
Messages
12,006
Reaction score
22
did they buy back again????
closed all my short position le.. too scary. donno how many bullet they have
 

Keverus

Banned
Joined
Aug 30, 2008
Messages
80,612
Reaction score
0
the fire is getting too big, they can't put it out


Noble Group purchases 0.37% of shares in buyback

By Reuters / Reuters | June 12, 2015 : 12:48 PM MYT
Share on facebook
Share on twitter
Printer-friendly versionSend by emailPDF version

SINGAPORE (June 12): Noble Group said on Friday it had purchased 25 million of its own shares on the previous day, or about 0.37% of its issued shares.

The Hong Kong-based commodity trading firm said in a statement that it had paid a total of $16.8 million for the shares.

Noble's share price dipped to a fresh six-year low of 63 cents early on Thursday, before a strong rebound pushed it to close up 9%.
Credit rating agency Standard & Poor's on Thursday cut its outlook on Noble to 'negative' from 'stable', saying it expected higher earnings volatility.

Noble is down 6.4% to 66 cents as at 12:46 p.m.

like what you mentioned, high gearing, low cash. plus Noble now is on negative cash flows. use up this amt of money....what's next?

if they were serous about buyback, why only buyback now? 70 cents dont buyback? not low enough? if so, what does it say about the management's valuation of the own company?
 

Keverus

Banned
Joined
Aug 30, 2008
Messages
80,612
Reaction score
0
Noble Group: S&P keeps investment grade; cuts outlook
Standard & Poor’s has retained Noble Group’s investment grade rating at BBB-minus, following a review; but has cut its outlook from “stable” to “negative” on concerns of higher earnings volatility. The ratings agency notes that “the higher risk nature of Noble's trading positions could result in more volatile earnings and profitability for the company”, given that “the long-dated nature of these contracts creates a mismatch between profit recognition and cash realization”. Nevertheless, Noble said that it will be working to meet certain criteria over the next 9-12 months to address the outlook downgrade. Still, Noble highlighted that all three credit ratings agencies have now affirmed the company’s investment grade status. Earlier, chairman Richard Elman wrote in an open letter posted on the company’s website, asking stakeholders to “have a little confidence and patience in us”, and management will right the damage and will use its best efforts to recover the share value of the company. We currently have a HOLD on the stock with a fair value of S$0.61 (based on 8x FY15F EPS). (Carey Wong)
 

Keverus

Banned
Joined
Aug 30, 2008
Messages
80,612
Reaction score
0
Oil prices fell on Friday (Jun 12) despite a drop in the US rig count following news that Saudi Arabia could further boost output in an already glutted market.

whats the impact on Noble :)
 
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Community Guidelines and Standards, Terms of Service and Member T&Cs for more information.
Top