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Noble Group
02-12-2017, 08:07 PM, (This post was last modified: 02-12-2017, 08:25 PM by CY09.)
Post: #801
RE: Noble Group
As of Q3's report, Noble still has 1.25 billion in net fair value gain from its derivatives. At the start of this FY, Noble had 3.78 bil in fair value gains and 1 bil in net fair value losses; giving it a net fair value gain of 2.7 billion. Subsequently, Noble wrote down an impairment of 1.25 bil to 1.3bil on this line of the balance sheet and has about 1.25 net fair value gain on its balance sheet. This is a worrying sign. It signals the possibility that only 10-15% of Noble's fair value derivatives may be "real"/relizable.

If this is indeed true, this means Noble still has about 1 billion to write down. Should that happen, this means the current equity of 1 billion will be wiped out (including the US$400 mil equity which belongs to perpetual holders). From Noble's unwinding, my stand in the 1H2017 has now changed to that ordinary shareholders of Noble are holding worthless paper certificate.

The predicament at Noble seems not to be in favorable terms now. Noble too has been cutting headcount and their company is down to 400 employees currently.

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05-12-2017, 12:57 PM,
Post: #802
RE: Noble Group
Noble is not a 1 billion usd equity company. Market says it's 180M USD, maybe it's worth less.
Issues on Noble Group have been daily suppressed by these people.

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07-12-2017, 06:06 PM,
Post: #803
RE: Noble Group
Noble Faces Key Deadlines as Default Threat Looms

By Denise Wee
December 7, 2017, 3:58 PM GMT+8 Updated on December 7, 2017, 5:40 PM GMT+8

Noble Group Ltd., the embattled commodities trader, faces several significant deadlines as it wrestles with a $3.5 billion debt restructuring.

Once Asia’s largest commodity trader, Noble’s decline since 2015 has been marked by losses, concern it won’t be able to pay its debt and accusations from long-time foe Iceberg Research that it inflated the value of some contracts. The next few weeks will be crucial, as Noble looks to push its debt restructuring through.

One focus is Dec. 20. Lenders had agreed to waive certain rights under terms Noble committed to for its $1.1 billion revolving credit facility until that day. That means the company may need to reach a deal with creditors by then to avoid a default, or seek another extension.

More details in https://www.bloomberg.com/news/articles/...lt-lingers
Specuvestor: Asset - Business - Structure.

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