Noble group commodities Chart with Support Resistance

Noble Group, the beleaguered commodities trader was incorporated in Bermuda in 1994. The Group manages the global supply chain of agricultural, industrial and energy products. Noble operates a diversified portfolio of raw materials from over 80 offices in more than 40 countries, originating product from low cost producing countries and delivering to high growth demand markets - its "pipeline" strategy.

CapitaLand Commercial Trust (CCT) ended up replacing Noble in the Straits Times Index in March 2016.

27 Feb 2017

Jan 2016
Noble Group announced a US$1.7 billion loss for FY2015.
Revenue declined 22% to US66.7 billion
Lower operating income largely ftom metals & mining segment.


Jan 2017
Net profit of US$8.7 million ($12.2 million) in FY16 compared to a loss of US$1.67 billion in FY15 as it restructured its business operations.

For the 12 months ended Dec, revenue came in at US$45.5 billion versus $60.7 billion a year ago.

Tonnage of commodities traded fell to 222 million tonnes from 270 million tonnes a year ago.

Noble hit its target of raising US$2 billion in capital during 2H16 with the closing of the sale of Noble Americas Energy Solutions on Dec 1.

In line with the company's efforts to cut leverage, group net debt declined by US$1.1 billion in FY16 while net debt to capital fell to 42% from 55% a year ago.