Nightmare of Noble Group continues

Can Noble Group turn the tide and weather the storm? The embattled commodity trader is currently fighting for its life as it faces an epic swim-or-sink battle. The latest financial results revealed that the nightmare, which started two years ago, is set to continue.

Once the brightest star in the Singapore stock market, Noble Group market capitalization was worth a mighty $10 billion. In its heyday, it reigned supremacy and was even regarded as the world’s top commodity trader, alongside rival Glencore. For Singapore Exchange (SGX), it was indeed an honor for Noble Group to be listed in Singapore, even though it is a Hong Kong-based company.

The nightmare

Those good old days must be dreamy for investors now as its market capitalization shrank to an alarming $460 million. The rot started two years ago when an unknown financial blogger, Iceberg Research, accused Noble Group of accounting malpractices. That astonishing allegation led to a series of vicious short-selling attacks and precipitated the start of the downfall of Noble Group.

Noble Group

Prior to the release of the latest quarterly results, management has [This is a premium article. The rest of the content is blocked and can be accessible by SG Wealth Builder Members only. To read the full content, please sign up as member.]

Read my articles on Noble Group:

  1. Noble Group’s horror show
  2. Noble Group new white knight?
  3. Will Noble Group shares see daylight again?
  4. Collapse of Noble Group share price
  5. Meltdown of Noble Group shares
  6. Noble Group will sink or swim?
  7. Is Noble Group doomed?
  8. Will Noble Group do an Osim or Swiber?
  9. White Knight for Noble Group
  10. Mayday for Noble Group!

Lost your Password?

Not a member yet? You may sign up to become a member of SG Wealth Builder. The full benefits and privileges of SG Wealth Builder Membership:

  1. Access to the latest premium articles of SG Wealth Builder
  2. Email notifications of latest blog articles
  3. Participate in SG Wealth Builder campaigns
  4. Request for coverage on stocks, insurance and other personal financial topics
  5. Comment in articles and Wealth Forum
  6. Future network opportunities

SG Wealth Builder Membership

You may sign up for the SG Wealth Builder Membership for only $15 per month. As a member, you can access all the articles, including the premium ones.

Note: After payment is made, you will be prompted with registration form to create your user-id and personal password.

Updated: March 17, 2019 — 3:34 pm

3 Comments

Add a Comment
  1. Goldman Sachs smells blood http://wp.me/p3k7lL-6oZ
    Smarter traders are circling around, and Noble employees shop for new jobs.
    Goldilocks investments, clumsy move indeed….
    It didnt do their homeworks well and in depth enough on

  2. Now that Noble has sold their oil liquids business, whats left? You still think there is hope?

  3. Hi Addd,

    Thanks for your query. With the sale of their liquids business, I think Noble Group is left with the Asian-centric coal business. I think the company can still turnaround but with the remaining assets, the appeal to invest in this counter has diminished greatly.

    Regards,
    Gerald
    https://www.sgwealthbuilder.com

Leave a Reply