【NobleGrp N21 交流专区】来宝集团 NOBLE GROUP LIMITED

fbb05

我相信农业股长期来说还是能赚钱的。。

icy97

Noble, Posco lead $1.29b offer for Australia's Arrium
http://www.theedgesingapore.com/the-daily-edge/business/40222-noble-posco-lead-129b-offer-for-australias-arrium.html

Mon, 1 Oct 10:02   
A group of companies led by Noble Group and Posco Australia Pty offered A$1.01 billion ($1.29 billion) in cash for Arrium., the Australian company previously known as OneSteel.

The consortium that also includes National Pension Service of Korea, Korea Investment Corp. and Korea Finance Corp. offered to acquire Arrium for 75 Australian cents apiece, 8% higher than its average stock price for the last three months, the Sydney-based target said today in a statement in which it rejected the offer.

“The proposal was stated to be conditional, incomplete and non-binding,” Arrium said. “Arrium’s board and its advisers have carefully reviewed the proposal. The board believes that the proposal undervalues Arrium in the context of a change of control transaction.”

The offer is 38% above the company’s closing price on Sept. 28, according to data compiled by Bloomberg.

Buying Arrium would give the group businesses including iron ore production and steel recycling and manufacturing, according to Arrium’s website.

UBS AG is Arrium’s financial adviser and Allens Linklaters is its legal adviser, Arrium said.

Arrium rejects $1.29b bid from Noble, Posco consortium
http://www.theedgesingapore.com/the-daily-edge/business/40224-arrium-rejects-129b-bid-from-noble-posco-consortium.html

Mon, 1 Oct 11:07
Arrium, the Australian iron ore producer previously known as OneSteel, rejected a A$1.01 billion ($1.29 billion) bid led by Noble Group Land Posco Australia Pty., saying it was too low and conditional.

The consortium that also includes National Pension Service of Korea, Korea Investment Corp. and Korea Finance Corp. offered to acquire Arrium in cash for 75 Australian cents a share, 8% higher than its three-month average stock price, the Sydney-based target said today in a statement.

The bid came after Arrium shares plunged 22% this year as iron ore prices declined 25% on concern over slowing demand from China, the top consumer. Buying Arrium would give Noble, Asia’s largest publicly-traded commodity supplier, and other bidders businesses including iron ore mines and steel recycling and manufacturing in Australia.

“Their iron ore unit is the main point of interest,” Stan Shamu, market strategist at IG Markets in Melbourne, said by phone. “Steel has been one of the underperforming businesses for a while.”

Arrium climbed as much as 29% to 70.5 cents in Sydney trading, poised for its biggest gain on record. It traded up 25% at 68 cents at 11:27 a.m. local time.

Noble likely seeking Arrium marketing rights: Analyst
http://www.theedgesingapore.com/the-daily-edge/business/40246-noble-likely-seeking-arrium-marketing-rights-analyst.html

Mon, 1 Oct 15:29
The bid for Arrium, by a consortium including Noble, hit a pothole when the Australian iron-ore and steel producer rejected the roughly US$1 billion ($1.2 billion) takeover offer, but it signals the Singapore-listed company is still seeking growth opportunities amid commodity-sector headwinds.

“Noble is happy to take equity stakes to get marketing rights,” an analyst says, noting the Gloucester deal with Yancoal was to get access to a larger volume. “It’s probably a move to get access to the volumes that come out of this business rather than to get involved in the manufacturing end. They are getting the opportunity to coinvest with their major shareholders.”

He says Noble’s shareholder base opens up opportunities not available to other mid-sized players. But he notes a lack of details; “at this point, does it make sense at this price? I don’t know.”

He says the interest in Australian resource assets is due to the relatively low-risk investment environment with stronger legal protections compared with some emerging markets.

icy97

Noble consortium bid for Arrium lacked logic: Credit Suisse
http://www.theedgesingapore.com/the-daily-edge/business/40277-noble-consortium-bid-for-arrium-lacked-logic-credit-suisse.html

Tue, 2 Oct 12:39
The bid for Arrium from a consortium including Noble, Posco and three Korean funds was low and lacked immediate logic, Credit Suisse says, noting ARI’s board rejected the offer.

The consortium may see a value opportunity as ARI’s share price reflects maximum balance-sheet stress, although a deal doesn’t appear to offer material synergies, Credit Suisse says, adding that both Posco and Noble are likely interested in ARI’s iron-ore mining assets with Whyalla port capacity being developed.

“The bid must be predicated by a belief by the consortium in both the iron ore and steel price outlook,” factors which could offer ARI’s share-price upside, it says. But Credit Suisse notes the bid was “dependent on ARI’s existing lenders for future financing, suggesting perhaps that the offer may have been hastily put together opportunistically in recognition of the lower share price.”

Credit Suisse says ARI’s board will weigh possibly extracting a superior offer from the consortium in exchange for due diligence rights, balanced against the risk lower iron-ore prices could force asset sales or equity-raising.

fbb05

最近都在跌啊

yen+hock

终于都恨下心肠卖掉了，现在等它跌。。。

icy97

Noble entering capital deployment phase: Citi
http://www.theedgesingapore.com/the-daily-edge/business/40318-noble-entering-capital-deployment-phase-citi.html

Wed, 3 Oct 17:02  
Noble is entering a capital-deployment phase after its capital recycling from the concluded Yancoal/Gloucester and Tenmar deals, which would increase its 2Q12 cash position of US$1.4 billion ($1.7 billion) by 55% and reduce net gearing by half from 30%, Citigroup says. The proposed transaction to acquire Arrium is a start for capital deployment, it says.

“Noble is looking to reshape its metals and ores segment into a similar model as its successful energy/coal business which is based on flow management for long-term clients. Noble’s MMO division is now its smallest profit contributor at only 8% of its profit pool in 2Q12, a sharp contrast to 1Q10 when the segment contributed to 38% of its profit pool.”

Citigroup adds, the worst of Noble’s negative earnings-revisions cycle is likely over, with the stock-price bottom likely marked. “Noble also screens well from the perspective of generating performance in both QE1 and QE2. From Singapore’s stock market perspective, industrials and resources were the two stock categories that performed well in the three months post QE1 and QE2.”

It rates Noble Buy with $1.68 target. The stock is down 2.3% at $1.29.

fbb05

什么时候雨过天晴呢？

jackphang

目前还在等待农业产品价格上升。毕竟人口增加，种植土地减少，未来就是农夫赚大钱的时候了。

icy97

Noble to see strong 3Q12 earnings recovery: UOB-KH
http://www.theedgesingapore.com/the-daily-edge/business/40466-noble-to-see-strong-3q12-earnings-recovery-uob-kh.html

Wed, 10 Oct 14:51
UOB KayHian tips a strong turnaround in Noble’s 3Q12 results on the absence of cotton-default and carbon-credit losses, improved Brazil sugar-processing volumes, improved soybean-crush margins and firm oil prices. It forecasts a 3Q12 net profit of US$153 million ($188 million) vs 3Q11’s US$18 million loss.

It expects sugar volumes to rise on, with Brazil’s sugar-cane season in full swing, and processing volume should grow on-year, with higher utilization, although profitability could be moderated as 3Q12 sugar prices are down 25% on-year. It notes Shanghai JC Intelligence data show China soybean-crush margins rose to around an average CNY201/ton ($39.3/ton) vs 3Q11’s negative-CNY30/ton, the highest since 4Q10.

“Noble’s stock will be supported by the continued earnings recovery and strengthening balance sheet.” It notes Noble received US$355 million in 3Q12 and expects another US$360 million by January from the Gloucester-Yancoal deal. "With lower net gearing (about 0.9x vs greater than 1x prior 2012) and a stronger balance sheet, Noble is in a good position to capitalize on acquisition opportunities."

It rates Noble Buy, target $1.52. The stock is up 0.4% at $1.295.

yonchen

请问大家只道china windpower group ltd 的行情吗？

icy97

Noble seeks buyer for agribusiness unit-industry sources
http://www.theedgesingapore.com/the-daily-edge/business/40896-noble-seeks-buyer-for-agribusiness-unit-industry-sources-.html

Wed, 31 Oct 21:54  
Singapore-listed commodities firm Noble Group is seeking a buyer for its agribusiness unit, industry sources told Reuters onWednesday.

The firm had previously planned to list its agribusiness in a Singapore IPO, but difficult market conditions led the company to explore other options, sources said.

Noble did not respond to requests for comment.

icy97

Noble 3Q12 profit may near record: CIMB
http://www.theedgesingapore.com/the-daily-edge/business/40934-noble-3q12-profit-may-near-record-cimb.html

Fri, 2 Nov 13:48  
Noble could post near-record profit in 3Q12, with sugar harvesting peaking in the quarter, CIMB says. “The turning point has come for global agribusiness giants with Bunge’s (BG) profits doubling and Cargill’s quadrupling.”

The US drought has created opportunities for supply-chain managers able to procure supplies amid crop scarcity and deliver grains where they are needed, with Noble in the sweet spot to benefit, it says, noting operating conditions have normalised and even oilseed-crush margins improved in the quarter.

CIMB forecasts Noble’s 3Q12 core net profit at US$154 million ($188 million), up 6% on-quarter and swinging from a year-earlier loss. “Noble is about to enter a fresh chapter of growth. New sugar assets in Brazil should bump up agriculture earnings.”

It raises its target to $1.61 from $1.46 after rolling valuations forward, with a High Conviction Outperform call. It tips strong 3Q12 results could be a re-rating catalyst. The stock is up 2.4% at $1.30.

Noble Group up as brokers raise target prices
http://www.theedgesingapore.com/the-daily-edge/business/40929-noble-group-up-as-brokers-raise-target-prices.html

Fri, 2 Nov 12:33
Shares of Noble Group rose as much as 2.8% after analysts raised their target prices for the
commodity trader on expectations of an earnings improvement.

By 10:52 a.m., Noble shares were up 2.4% at $1.295, and have climbed 14.6% so far this year, compared to the Straits Times Index’s 15% rise.

CIMB Research raised its target price for Noble to $1.61 from $1.46 and kept its ’outperform’ rating, and said its new sugar assets in Brazil should boost agriculture earnings and on
improving industry outlook.

With sugar harvesting peaking in the third quarter, Noble could post near-record profits for the quarter, CIMB said.

It noted that agriculture businesses have recovered from a bout of dismal earnings with industry profits rebounding, and the U.S. drought has created opportunities for supply chain managers that are able to procure supplies amid crop scarcity and deliver grains where they are needed.

DBS Vickers also raised its target price for Noble to $1.60 from $1.30, and raised its 2012-2014 profit estimates by 10-12%, given the expansion into higher margin metals trading and prospects of an improving Chinese economy next year.

Noble will report its third-quarter results on Nov. 8.

fbb05

终于等到有好消息了
希望过几天的财务报告有亮点

icy97

Noble Group swings back to black in 3Q with earnings of $92m
http://www.theedgesingapore.com/the-daily-edge/business/41048-noble-group-swings-back-to-profitability-in-3q-with-earnings-of-92m.html

Thu, 8 Nov 19:19   
Noble Group has returned back to profitability in the third quarter.

For the three months ended Sept 30, Noble earnings amounting to US$75.2 million ($92.1 million), compared with a loss of US$17.5 million a year earlier.

Revenue grew 9% from a year ago to US$22.7 billion.

Noble said its energy and metals businesses continued to expand, but its agriculture division proved to be a letdown yet again.

来宝集团的3Q12业绩比预期低，尽管有所回升
http://www.sharesinv.com/zh/articles/35477/

2012年11月09日
商品交易商来宝集团(Noble Group)在2012年7月至9月间的表现不如市场预测，净利为7,520万美元，由彭博社(Bloomberg)对7名分析师进行调查所得出的平均预测为1亿5,460万美元。然而，来宝本季度的表现与去年同期相比已大幅改善，它去年同期蒙亏1,750万美元。其能源部门的业务活动增加，以及金属、矿产与矿石部门的收入和营运利润提高，令来宝本季度的收入增长8.7%。但这仍因农业部门的表现疲弱(由于销量的年比减幅适度及中国的压榨状况欠佳)而被部分抵消。在本财年的首9个月里，来宝的盈利和收入分别上扬16.8%和15.1%至3亿8,010万美元及698亿美元。

启示：尽管中国市场的压榨状况持续欠佳，但来宝主席艾礼文认为中国市场将在长期内为公司带来许多机会。

jjc2

为何大掉呢？？

大地之子G.O.B

omg
发生什么事
掉到那么多

yah52

这是让我们能买进有发财的机会.

fbb05

因为盈利不如预期
所以大跌
有钱赚也跌
又不是亏钱。。
真不明白这个市场

天然夜行者

好采卖了

fbb05

我还有货在手
亏到姓什么都不知道了