Noble Group Q1 net profit down 62 pct

SINGAPORE, May 14 (Reuters) - Singapore-listed commodities trader Noble Group Ltd posted a 62 percent fall in first-quarter net profit on Tuesday, saying the challenging operating environment had hurt its margins.

Noble reported net profit of $41.3 million for the three months ended March, down from $110.1 million a year earlier and far below the average net profit forecast of $103.7 million from four analysts polled by Reuters.

Noble said it will continue moving to an "asset light" model and strengthening its balance sheet, while making selective investments.

Noble reports 2012 net profit up 9 per cent

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Read? Noble Presentation slides

 

 

 

 

 

Noble: Nine months ended 30 September 2012

Record Group operating income from supply chain of US$1,172 million with total operating income, after profit on supply chain assets of US$1,188 million

Record Group volume of 166 million tonnes compared to 158 million tonnes in YTD Sep 2011

Record Group revenue of US$69.8 billion – up 15% from US$60.6 billion in YTD Sep 2011

Agriculture – operating income from supply chain for Q3 showing sequential quarterly growth

Strong liquidity with total committed and uncommitted facilities at US$16.9 billion and liquidity headroom* at US$5.9 billion exceeds total debt outstanding. Strong credit profile with net debt to capital of 46.5%, the lowest since 2008

Conservative approach to risk in the volatile environment. VaR of 0.36% of shareholders’ equity as of end September 2012

Noble Group posts 39% increase in Q2 profit

By

Carine Lee

        

 

Noble Group Limited on Monday reported an 39 per cent increase in year on year net profit to US$194.89 million for the fiscal second quarter ended June 30, 2012.

Turnover rose 23 per cent to US$24.22 billion from US$19.7 billion a year ago.

Earnings per share for the quarter was 3.06 US cents, compared to 2.19 US cents a year ago.

Year-to-date, the group reported an 11 per cent decline in year on year profit to US$304.91 million, despite a 19 per cent increase in year on year turnover to a record US$47.07 billion.

Record revenue was supported by record volume of 107 million tonnes. Additionally, operating income from supply chain was the second highest first half figure in the group's history, at US$856 million.

Noble said its revenue an earnings were driven by its energy coal and carbon complex division and revenue growth of its oil, gas and power division.

"Noble continues to execute on its strategy to structure and build out its business across the three main platforms of agriculture, energy and hards, supported by our logistics business," said CEO Yusuf Alireza.

"We see significant growth opportunities in each one of these platforms and expect market stress to provide us the opportunity to attract talent and invest in attractive assets to support our franchise," he said.

Noble Group Q1 earnings fall 46% to US$110.1m

By  Carine Lee

Noble Group on Thursday said its net earnings for the first quarter ended March 31, 2012 fell 46 per cent year on year to US$110.1 million from US$203.19 million.

The decrease in profit is despite a record revenue of US$22.84 billion, up 14 per cent from US$20.02 billion a year ago, on record revenue from its energy segment.

The decrease in net profit is due to a US$25.72 million loss in supply chain assets, after charging the costs and expenses incurred in conjunction with its asset recycling program as well as a provision against its long-term equity portfolio.

This compares to the profit of US$53 million a year ago, which was bolstered by the income generated from the disposal of its fleet management business.

Noble: Full 1 year 2011 highlights

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

Noble: financial highlights for the first half year 2011

Strong Group net profit of US$343 million compared to US$201 million in 1H 2010 and up 79% to US$748 million in last twelve months (“LTM”) June 2011

▶ Record Group volume of 97.9 million MT compared to 86.8 million MT in 1H 2010

▶ Record Group revenue of US$39.7 billion, up 63% on 1H 2010

▶ Group operating income from supply chain up 38% to US$895 million compared to 1H 2010 and up 49% to US$1,880 million in LTM June 2011

▶ Return on opening shareholders’ equity of 17.3%

▶ VaR ranges from 0.42% to 0.86% in 1H 2011

▶ Net book value per share US73 cents

Noble: Bought @ $1.79 Caught a falling knife!!!

Since 2008, I have been fighting Noble with only three commandos. Today, the last commando was thrown into the battlefield too. Let see how they will survive in the battlefield.

No 3 Commando: $1.79 (Front Line)
No 2 Commando: $1.85 (Front Line)
No 1 Commando: $0.688 (Guarding Base Camp since Dec 2008)

Today,  I caught a falling knife! That is dangerous.
Noble is such volatile stock.

Past ROC for 14 rounds since 15 Jul 2008: From 3.8% to 34.3% in 1 to 190 holding days.

Round 14: ROC 10.9%, 20 days, B $1.98 S $2.21
Round 13: ROC 20.8%, 185 days, B $1.72 S $2.08 (Price has been adjusted after XB)
Round 12: ROC 5.4%, 190 days, B $1.87 S $1.98 (Price has been adjusted after XB)
Round 11: ROC 10.1%, 45 days, B $3.04 S $3.37
Round 10: ROC 6.5%, 20 days, B $3.07 S $3.29 (Bought back higher) <--waited far too long to buy back!
Round 9: ROC 5.7%, 74 days, B $1.71 S $1.82 (Bought back higher) <- waited too long to buy back!
Round 8: ROC 34.3%, 100 days, B $0.96 S $1.30
Round 7: ROC 5.7%, 10 days, B $1.02 S $1.09
Round 6: ROC 3.8%, 1 day, B $1.01 S $1.06
Round 5: ROC 12%, 27 days, B $0.965 S $1.08, (2nd Half)
Round 4: ROC 14%, 8 days, B $0.965 S $1.11, (1st Half) - Bought back higher
Round 3: ROC 7.1%, 8 days, B $0.830 S $0.895
Round 2: ROC 31.6%, 20 days, B $0.800 S $1.05
Round 1: ROC 16.3%, 28 days, B $0.910 S $1.08

Bought Noble @ $1.85

Read? Last transaction on Noble

Noble: Sold @ $2.21 ROC 10.9%

Stuffing feathers into a Multi-Bagger Pillow Stock since 15 Jul 2008 from 3.8% to 34.3%


Round 14: ROC 10.9%, 20 days, B $1.98 S $2.21

Round 13: ROC 20.8%, 185 days, B $1.72 S $2.08 (Price has been adjusted after XB)
Round 12: ROC 5.4%, 190 days, B $1.87 S $1.98 (Price has been adjusted after XB)
Round 11: ROC 10.1%, 45 days, B $3.04 S $3.37
Round 10: ROC 6.5%, 20 days, B $3.07 S $3.29 (Bought back higher)
Round 9: ROC 5.7%, 74 days, B $1.71 S $1.82 (Bought back higher)
Round 8: ROC 34.3%, 100 days, B $0.96 S $1.30
Round 7: ROC 5.7%, 10 days, B $1.02 S $1.09
Round 6: ROC 3.8%, 1 day, B $1.01 S $1.06
Round 5: ROC 12%, 27 days, B $0.965 S $1.08, (2nd Half)
Round 4: ROC 14%, 8 days, B $0.965 S $1.11, (1st Half) - Bought back higher
Round 3: ROC 7.1%, 8 days, B $0.830 S $0.895
Round 2: ROC 31.6%, 20 days, B $0.800 S $1.05
Round 1: ROC 16.3%, 28 days, B $0.910 S $1.08

Noble : Bought back @ $1.98

I last sold at $2.08 and now bought back at $1.98

Placement to BBs at $2.07

Round 13: ROC 20.8%, 185 days, B $1.72 S $2.08 (Price has been adjusted after XB)

Round 12: ROC 5.4%, 190 days, B $1.87 S $1.98 (Price has been adjusted after XB)
Round 11: ROC 10.1%, 45 days, B $3.04 S $3.37
Round 10: ROC 6.5%, 20 days, B $3.07 S $3.29 (Bought back higher)
Round 9: ROC 5.7%, 74 days, B $1.71 S $1.82 (Bought back higher)
Round 8: ROC 34.3%, 100 days, B $0.96 S $1.30
Round 7: ROC 5.7%, 10 days, B $1.02 S $1.09
Round 6: ROC 3.8%, 1 day, B $1.01 S $1.06
Round 5: ROC 12%, 27 days, B $0.965 S $1.08, (2nd Half)
Round 4: ROC 14%, 8 days, B $0.965 S $1.11, (1st Half) - Bought back higher
Round 3: ROC 7.1%, 8 days, B $0.830 S $0.895
Round 2: ROC 31.6%, 20 days, B $0.800 S $1.05
Round 1: ROC 16.3%, 28 days, B $0.910 S $1.08

Noble - Sold $2.08 ROC 20.8%

The last Nobleman who was sent to fight in the Commodity Jungle in 2010 has finally returned to Base Camp after spending 185 days.

Hope to gather more feathers for a thicker mattress soon ...


Round 13: ROC 20.8%, 185 days, B $1.72 S $2.08 (Price has been adjusted after XB)


Round 12: ROC 5.4%, 190 days, B $1.87 S $1.98 (Price has been adjusted after XB)
Round 11: ROC 10.1%, 45 days, B $3.04 S $3.37
Round 10: ROC 6.5%, 20 days, B $3.07 S $3.29 (Bought back higher)
Round 9: ROC 5.7%, 74 days, B $1.71 S $1.82 (Bought back higher)
Round 8: ROC 34.3%, 100 days, B $0.96 S $1.30
Round 7: ROC 5.7%, 10 days, B $1.02 S $1.09
Round 6: ROC 3.8%, 1 day, B $1.01 S $1.06
Round 5: ROC 12%, 27 days, B $0.965 S $1.08, (2nd Half)
Round 4: ROC 14%, 8 days, B $0.965 S $1.11, (1st Half) - Bought back higher
Round 3: ROC 7.1%, 8 days, B $0.830 S $0.895
Round 2: ROC 31.6%, 20 days, B $0.800 S $1.05
Round 1: ROC 16.3%, 28 days, B $0.910 S $1.08