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Friday, November 10, 2017

There is a high chance for Noble Group to restructure its debts.

https://www.bloomberg.com/news/articles/2017-11-09/noble-group-results-reveal-that-trader-s-troubles-are-worsening

Noble lost US1.17B in the last quarter and US$3.05B for the 9-month period in 2017.  It has cash of $262M but has net debt of $3.71B.

It is pretty obvious that Noble won't be able to service its debts in the future and is in a dire need to restructure its debts.

1 comment:

Wealth It Global said...

International portfolio traders stood net marketers in domestic equity cash on Friday and offered shares worth Rs 667.24 crore with gross purchases and product sales of Rs 5,722.60 crore and Rs 6,389.84 crore, respectively.
Equity Cash