Search This Blog

Wednesday, July 12, 2017

Noble Group update.

The Noble group has been spiking because of the appearance of a white knight from Abu Dhabi.  Goldilocks has accumulated more than 8% share in Noble.

However, Noble is unlikely to recover to its past glory days because of the weak commodities industry.  Noble has to sell its golden goose to beef up its financial fundamentals and without the golden goose, it won't be able to make the same incomes like before.

There has to be a major restructuring in the business model now to position itself for the next upturn.

No comments: