11-10-2016, 09:55 PM
IMHO the main contention is the accounting which was highlighted by Iceberg. Since then there has been an audit that is doubtful. How to believe completely when there are inconsistencies?
Take a step back and look at the larger picture before micro-analysing the doubtful balance sheet ::
Investment grade rating is - JUNK.
Sold Noble Agri for cash.
CEO has QUIT, now the position has to be run by 2 people
Rights Issue needed.
PROPOSED selling of profitable NAES. Noble Group Sacrifices Profit in Pursuit of Cash After Loss
[The sale of Naes, a wholesale retailer of gas and power to large customers, is for a base price of $800m plus working capital — an amount that Noble said was almost $250m, while Calpine put it at $100m.]
Already making losses liao, without this profitable NAES will next quarter losses continue piling up and continue to be cashflow negative?
Dun get caught in the DEAD CAT BOUNCE...
Take a step back and look at the larger picture before micro-analysing the doubtful balance sheet ::
Investment grade rating is - JUNK.
Sold Noble Agri for cash.
CEO has QUIT, now the position has to be run by 2 people
Rights Issue needed.
PROPOSED selling of profitable NAES. Noble Group Sacrifices Profit in Pursuit of Cash After Loss
[The sale of Naes, a wholesale retailer of gas and power to large customers, is for a base price of $800m plus working capital — an amount that Noble said was almost $250m, while Calpine put it at $100m.]
Already making losses liao, without this profitable NAES will next quarter losses continue piling up and continue to be cashflow negative?
Dun get caught in the DEAD CAT BOUNCE...