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Noble Group Ltd (NOBG.SI)

NOBG.SI on Stock Exchange of Singapore

0.44SGD
18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Australian Government Takeovers Panel says units of Noble seek review of Yancoal decision
Wednesday, 16 Aug 2017 08:20pm EDT 

Aug 17 (Reuters) - Australian Government Takeovers Panel -:Received application from mt vincent holdings and osendo pty ltd, units of noble group‍​.Application seeking review of panel's decision in yancoal australia in relation to noble group's initial application​.Makes no comment on the merits of the application.  Full Article

Noble Group rebuffed takeover approach from Centricus- FT, citing sources
Thursday, 10 Aug 2017 11:06am EDT 

Aug 10 (Reuters) - :Noble Group rebuffed takeover approach from Centricus- FT, citing sources.  Full Article

Noble Group says qtrly net loss $1.75 bln
Thursday, 10 Aug 2017 05:49am EDT 

Aug 10 (Reuters) - Noble Group Ltd :qtrly net loss $1.75 billion versus loss of $54.9 million a year ago.  Full Article

Noble Group posts qtrly revenue of $10.12 bln vs $12.45 bln a year ago
Thursday, 10 Aug 2017 05:49am EDT 

Aug 10 (Reuters) - Noble Group Ltd :Qtrly revenue $10.12 billion versus $12.45 billion a year ago.  Full Article

Noble Group says operating environment continues to be difficult for group
Thursday, 10 Aug 2017 05:49am EDT 

Aug 10 (Reuters) - Noble Group Ltd :Operating environment continues to be difficult for group, in particular following announcement of a loss for three months ended 31 march 2017.Priority on further reducing group's debt over next two years."Further reductions are planned for group's total headcount to be at 400".Group recorded an adjusted operating loss from supply chains of us$267 million for three months ended 30 june 2017."Underlying run-rates continue to decline with headcount reduced from 1,045 as at 31 december 2016 to approximately 900".Total net loss amounted to us$1.9 billion for first six months of 2017, which includes us$1.3 billion of exceptional items.It is taking steps to monetise global oil liquids business.  Full Article

Noble posts HY revenue of $22.54 bln
Thursday, 10 Aug 2017 05:41am EDT 

Aug 10 (Reuters) - Noble Group Ltd :Net debt increased by US$945 million during six months to 30 June 2017.HY revenue $22,543 million versus $23,138 million.Continue to seek a new investor in group and also explore potential investments and seek further strategic alliances, including with Mercuria.  Full Article

Noble Group updates on proposed disposal of remaining North American Gas And Power Business
Wednesday, 26 Jul 2017 05:19am EDT 

July 26 (Reuters) - Noble Group Limited -:Proposed disposal of noble group's remaining north american gas and power business.Upon completion of proposed disposal, NGL will no longer hold any sale shares in NAGP and NAGP will cease to be a subsidiary of NGL.Agreement in connection with proposed sale by NAC of all of issued and outstanding capital stock of NAGP to buyer.‍NGL and Noble Americas Corp and Noble Americas Gas & Power Corp have entered into a stock purchase agreement with Mercuria Energy America​."It is expected that net proceeds will be utilised towards debt repayment".Based on latest qtrly results & assuming closing date of deal was 1 April,net working capital would be about us$313 million as at 31 March.Based on latest qtrly results & assuming closing date of deal was 1 April, cash proceeds from disposal would have been about US$248 million.  Full Article

Noble Group updates on strategic review and on ongoing discussions with lenders
Wednesday, 26 Jul 2017 05:18am EDT 

July 26 (Reuters) - Noble Group Limited :Update On Strategic Review Profit Guidance And Update On Ongoing Discussions With Lenders.Group is expected to report a loss in 2q 2017."Operating environment will also continue to impact industry's access to liquidity as lenders seek to reduce their exposures to sector".Expects to report a total net loss in range of us$(1,700) to us$(1,800) million in 2q 2017."In addition, group is successfully reducing bank exposures with repayment of us$650 million in term loan".Group is taking steps to monetise its global oil liquids business."Commodities trading industry will continue to face both challenging conditions and realignment".Group expects to report an adjusted operating loss from supply chains in range of us$(250) to us$(300) million, adjusted for exceptional items in Q2.Expects an adjusted net loss on underlying activities, after sao expenses, net finance costs and tax, in range of us$(450) to us$(500) million adjusted for exceptional items in q2."Parties continue to discuss an agreement between lenders' committee and group to waive financial covenants until 20 October 2017"."Expected that a proposal to all revolving credit facility lenders will shortly be made by committee's advisers".  Full Article

Noble Group says Mitsubishi UFJ Financial Group cuts deemed interest in Co
Wednesday, 26 Jul 2017 05:05am EDT 

July 26 (Reuters) - Noble Group Ltd :Mitsubishi UFJ financial group cuts deemed interest in co to 4.9958 percent from 5.035 percent.  Full Article

Noble Group says Morgan Stanley cuts deemed interest in Co
Tuesday, 25 Jul 2017 06:30am EDT 

July 25 (Reuters) - Noble Group Ltd :Morgan Stanley cuts deemed interest in co to 4.9958 percent from 5.035 percent.  Full Article

ASIA CREDIT CLOSE: Asia credits firm as geopolitical tensions ease

HONG KONG, Aug 15 (IFR) - Asian credits were firm on Tuesday, following rallies in regional stock markets on easing geopolitical tensions between North Korea and the US.