Property Advertisement - AMO Residence for sale!

Property Advertisement - AMO Residence for sale!
Click on the banner for more details.

Search This Blog

Monday, June 5, 2017

Noble has difficulty in getting new loans!

http://www.businesstimes.com.sg/companies-markets/noble-group-is-said-to-ask-lenders-to-extend-credit-facility

Noble is asking for credit extensions with its existing banks because it has encountered great difficulties in securing new funding.

We did warn in our previous postings that investors would have little confidence in Noble because of its negative cash flows and the weak commodities industry.

1 comment:

Eric Ho said...

https://finance.yahoo.com/news/noble-groups-misery-deepens-shares-031711461.html

Noble will become a penny stock if it can't secure new funding.

We are not talking down the stock because we've no vested interest. We do not short or hold any position in Noble.