Noble Group

[greengiraffe]

PwC report is out along with interim.

http://infopub.sgx.com/FileOpen/Announce...eID=364060

http://infopub.sgx.com/FileOpen/SGX%20an...eID=364061

http://infopub.sgx.com/FileOpen/Noble%20...eID=364062

http://infopub.sgx.com/FileOpen/SGX%20an...eID=364075

http://infopub.sgx.com/FileOpen/H1%20201...eID=364073

I still see no road and requires some shining light on the set of results...

Chief of which will be the negative free cash flow not withstanding reduced turnover and profitability (note that profits at continuing business regsitered a huge fall)...

Logically, a lower turnover and profitability will mean lesser working capital requirements...

Anyway, very stressful understanding a diverse trader financial statements. In addition, the outlook of a trader depends on their ability to read the mkt trends correctly and hence I still maintain that traders like Noble doesn't deserve a premium rating due to the low quality of earnings.

Odd Lots Vested
More than 1 decade
GG