Noble: (S$0.17) Investors better off elsewhere
- Reported to exit its European power and natural gas trading business by end-2016.
- This follows Noble's intention to sell its prized energy business, Noble Americas Energy Solutions, a month ago.
- Raises questions on the group's future.
- Despite fund raising measures, credit agency S&P has previously cited that Noble's liquidity was less than adequate; could be cut further over the next 12 months.
- Outcome for Noble now remains uncertain at this point with the potential sale of its assets, as well as the resignations of key management personnel.
- Investors are better off elsewhere.
No comments:
Post a Comment