Noble Group

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CB is highly sought-after by PEs, due to lower risk and equity participation. The company is under-pressured to offer a good deal to PEs...

(not vested)

Noble Group mulls raising funds from strategic investor: source

SINGAPORE (Aug 12): Noble Group ( Financial Dashboard) is considering issuing a convertible note to a strategic investor, one of several steps the commodities trader is assessing to revive investor confidence after a damaging accounting dispute, a person with direct knowledge of the situation told Reuters.

The source, who spoke on condition of anonymity because of the sensitivity of the matter, said Noble's shareholders and partners have urged the Singapore-listed company to make a deal that would strengthen its ties with a credible partner, a move that could possibly bring in new business.

A spokeswoman for Noble declined to comment on the matter.

Noble has been approached by investors interested in its commodities contracts, valued at US$4.1 billion, and it does not rule out the option of going private, the source added.

By issuing a convertible security rather than tapping shareholders for additional equity Noble would secure funding, avoid near-term dilution and offer the partner a cheap entry into the company, which has lost about 50% of its market value since its contract assumptions came under attack in February.

“(A convertible) sends a strong message to the market. It makes sure that Noble does not do something that is dilutive to equity at a time when the company does not need additional equity,” the source said but stressed that there is no certainty that a deal will take place.
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http://www.theedgemarkets.com/sg/article...tor-source
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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Basically, the potential investors needs double/triple assurance...

They want to be a creditor until Noble can deliver... so much about new investors' confidence...

(12-08-2015, 10:43 AM)CityFarmer Wrote: CB is highly sought-after by PEs, due to lower risk and equity participation. The company is under-pressured to offer a good deal to PEs...

(not vested)

Noble Group mulls raising funds from strategic investor: source

SINGAPORE (Aug 12): Noble Group ( Financial Dashboard) is considering issuing a convertible note to a strategic investor, one of several steps the commodities trader is assessing to revive investor confidence after a damaging accounting dispute, a person with direct knowledge of the situation told Reuters.

The source, who spoke on condition of anonymity because of the sensitivity of the matter, said Noble's shareholders and partners have urged the Singapore-listed company to make a deal that would strengthen its ties with a credible partner, a move that could possibly bring in new business.

A spokeswoman for Noble declined to comment on the matter.

Noble has been approached by investors interested in its commodities contracts, valued at US$4.1 billion, and it does not rule out the option of going private, the source added.

By issuing a convertible security rather than tapping shareholders for additional equity Noble would secure funding, avoid near-term dilution and offer the partner a cheap entry into the company, which has lost about 50% of its market value since its contract assumptions came under attack in February.

“(A convertible) sends a strong message to the market. It makes sure that Noble does not do something that is dilutive to equity at a time when the company does not need additional equity,” the source said but stressed that there is no certainty that a deal will take place.
...
http://www.theedgemarkets.com/sg/article...tor-source
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Noble is unlucky, or investor confidence remains weak? I reckon may be both...

Noble resumes share buyback after PwC report; shares down 12%

SINGAPORE (Aug 12): Noble Group bought back 12.29 million of its own shares on Aug 11, a day after it released the PricewaterhouseCoopers (PwC) report on its fair-value accounting practice and its earnings.

In a filing to the Singapore Exchange, the commodities group says it paid 56 cents a share, amounting to $7.02 million in total.

Since the share buyback mandate was obtained, Noble has bought back a total of 204.06 million shares, representing a 3.03% stake. It can buy back up to 673.95 million shares.
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http://www.theedgemarkets.com/sg/article...es-down-12
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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Based on the report, there are still minor glaring omissions as to their valuations model used.

Must be some incredible proprietary model if they can spit out a valuation far higher than what anyone else in the market is willing to pay.
http://theasiareport.com - Reflections From Finding Value In Asia
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i find it crazy that they are buying shares and raising fund same time. Something is seriously weird going on.

Just my Diary
corylogics.blogspot.com/


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There have been so much buying/selling and trading of Noble shares everyday, but confidence in the counter is clearly not improving.
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(12-08-2015, 05:39 PM)corydorus Wrote: i find it crazy that they are buying shares and raising fund same time. Something is seriously weird going on.

thats called market manipulation by company trying to support its shares...
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
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One more bad news to the company...

Noble Group’s outlook cut to negative from stable by Moody’s
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http://www.theedgemarkets.com/sg/article...%E2%80%99s
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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I think it is a classic example of company attempting to prop up its share prices while investors are running out. Multiple red flags showing on this company...

http://fifthperson.com/why-nobles-131-mi...onvincing/
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(13-08-2015, 02:01 PM)lilvestor Wrote: [removed by moderator]

You need to learn to save yourself, and VB, by not making accusation that you cannot prove.
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