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Tuesday, May 23, 2017

Noble is in serious financial trouble - Part 2

http://www.cnbc.com/2017/05/22/noble-shares-plunge-amid-a-double-whammy-of-bad-news.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=104485795&yptr=yahoo

Investors who read our postings on Noble would have cashed out or stayed away and wouldn't have their monies trapped in Noble.

The trading halt has prevented Noble from falling further but without a white knight plus the great difficulty of raising funds because of its negative cash flow, the future for Noble is in the abyss.

Sinochem must have seen Noble's cashflow statement especially the negative cash flow and also understood the weak commodities industry to have walked away from the investment.

http://sg-stock.blogspot.sg/2017/05/noble-is-in-serious-financial-trouble.html

1 comment:

Eric Ho said...

https://sg.finance.yahoo.com/news/trading-noble-shares-halted-default-warning-fuels-28-053846435.html

Noble has a high risk of bankruptcy within 12 months if it cannot find a financial lifeline to settle its debts.