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Noble Group
06-04-2018, 09:52 AM,
Post: #851
RE: Noble Group
https://www.ft.com/content/77c829cc-3abd...144feabdc0

Article on limited liability of auditors failing to uncover fraud accounting..
Sadly that's the industry standard. What's the point of paying the auditor then?

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20-04-2018, 01:07 AM,
Post: #852
RE: Noble Group
"A Noble MD states that Noble Group Shipping division, performs quarter after quarter, it’s the trading part who Losts" ????

Noble Chartering has “normal operations” despite parent company’s huge downturn…
Michael Nagler tells us that Noble incapacity is because of others divisions.
https://www.valuewalk.com/2018/04/noble-group-downturn/

The best one can do is stay quiet and not make stupid comments like these !
If I were in Noble I would like to Distant myself as much as possible and remain as an “employee” or “former-employee”
who suffered due to Poor business decisions.
NOT try and justify some light at the end of the tunnel without proper numbers

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24-04-2018, 01:34 PM,
Post: #853
RE: Noble Group
Noble Group Case Will Test Singapore's Reputation, Goldilocks Says

By Krystal Chia
April 24, 2018, 10:42 AM GMT+8 Updated on April 24, 2018, 11:55 AM GMT+8

Noble Group Ltd. dissident shareholder Goldilocks Investment Co. says the Singapore regulator’s handling of the trader’s drawn-out battle for survival is being closely followed by overseas investors, highlighting the importance of the case for the city-state’s reputation as a financial hub.

“This was our first investment into Asia: we were looking at this as making an investment into Asia, especially in Singapore,” Ajit Vijay Joshi, a fund manager at Abu Dhabi-based Goldilocks, said in a phone interview. He added: “I’m sure a lot of other people are watching what they will do.”

Once Asia’s largest commodity trader, Noble Group has imploded over the past three years, losing billions, defaulting on $3.4 billion of debt, and shredding its market value. That decline has been marked from the outset by allegations of improper accounting by long-time foe Iceberg Research, which the company has denied. While Noble Group Chairman Paul Brough is now pushing a debt-for-equity rescue, Goldilocks is resisting, saying it’s unfair in its current form, and appealing to Singapore Exchange Ltd. to address its concerns.

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

http://www.valuebuddies.com
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02-05-2018, 02:41 PM,
Post: #854
RE: Noble Group
ING, DB And Wildrik de Blank (Mr. NOBLE Treasury)

"We all know that Noble and its partners in crimes several times wiped out their credit and equity depositors. How this time is it different ?
https://www.valuewalk.com/2018/04/the-sa...asury/amp/

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