Record Group volume of 220 million tonnes, up 19% year on year
▶ Record Group revenue of US$80.7 billion, up 42% on FY 2010
▶ Group net profit of US$431 million, in part moderated by depreciation from start up assets kicking in and from cost of long maturity funding base
▶ Group EBITDA of US$1,172 million
▶ S&P credit watch removed, BBB- rating affirmed
▶ US$16.6 billion in committed and uncommitted facilities and a further increase in liquidity headroom to US$6.1 billion
▶ 69% of debt due after two years
▶ Further liquidity options for recycling strategy – Gloucester/Agriculture
▶ Net book value reached US71 cents per share, representing a compound annual growth of 33% in last ten years
May be worth having a look at this asset class now – from Howard Marks memo
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Howard Marks is a veteran investor and co-chairman of Oaktree Capital
Management. He published his memo about his observations and thoughts on
the mark...
3 hours ago
CW8888,
ReplyDeleteJust realize that you treat Noble as commodity trading. Ipressive record, 100% winner?
Noble is a commodities trader.
ReplyDelete