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Wednesday, June 20, 2018

Noble Group

After touching the low of 5 cents on 13th June 2018, it has since experiencing a nice rebound as being seen with a Beautiful run-away Gap up happening on 21 June & 22 June 2018.This is rather impressive!


This morning the price has hit the level of 10.7 cents + volume is quite high.



I think this Bullish momentum may drive the price higher. Short term wise, I think it may move up to revisit 15 cents.

 NAV of 60+ cents.

 P/B is 0.171.

Negative EPS.

 I think most probably for hit & run strategy. Not a call to buy or sell.



Please do your own due diligence.

Noble Group Limited, an investment holding company, provides supply chain management services. It offers logistics and transportation, price risk management and hedging, processing and blending, and structured and trade financing solutions. The company operates through Energy; and Metals, Minerals and Ores segments. The Energy segment trades in energy coal and provides supply chain and risk management services in bituminous and sub-bituminous energy coal, as well as in seaborne LNG. The Metals, Minerals and Ores segment trades in and provides supply chain management services in copper, zinc, lead, nickel, and other raw materials, as well as aluminum, alumina, and bauxite; trades in and provides risk management and logistics services for the steel complex in iron ore, metallurgical coal, metallurgical coke, and specialty ores and alloys; and offers ocean transport in the dry bulk segment, long term freight solutions, and freight market guidance. The company was founded in 1987 and is headquartered in London, the United Kingdom.

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