July-September usually seasonally weaker quarter for Olam as harvest of major crops starts in October. Still, earnings likely boosted on organic growth, contribution from previous acquisitions.
Latest Forum Topics / Genting Sing Last:0.88 +0.01 | Post Reply |
Traders Lounge - Daily opportunities for everyone
|
|||||
fools_gold
Senior |
09-Nov-2010 17:27
Yells: "nihil timendum est." |
||||
x 0
x 0 Alert Admin |
seriously? Please back read some posts. It has been posted.
|
||||
Useful To Me Not Useful To Me | |||||
BullishTempo
Supreme |
09-Nov-2010 17:25
|
||||
x 0
x 0 Alert Admin |
LoL Anyway, its good news for noble !
|
||||
Useful To Me Not Useful To Me | |||||
|
|||||
firewood
Master |
09-Nov-2010 17:24
|
||||
x 0
x 0 Alert Admin |
yipee ya ya yipee yipee ya | ||||
Useful To Me Not Useful To Me | |||||
watermelon
Veteran |
09-Nov-2010 17:24
Yells: "A bird in the hand is worth two in the bush." |
||||
x 0
x 0 Alert Admin |
Thank you, Tomato :-) , really appreciate !!
|
||||
Useful To Me Not Useful To Me | |||||
ShareWithMe
Veteran |
09-Nov-2010 17:23
|
||||
x 0
x 0 Alert Admin |
BT, you are back ! So you went to Bank with your friend to count yr profits ah ? Too much profits, need a friend to help you count.. hehe. Would u be able to able to post Noble Q3 result later ? Thanks.
|
||||
Useful To Me Not Useful To Me | |||||
|
|||||
icetomato
Elite |
09-Nov-2010 17:23
|
||||
x 0
x 0 Alert Admin |
Yeah! Hope Noble will perform well tomorrow! | ||||
Useful To Me Not Useful To Me | |||||
fools_gold
Senior |
09-Nov-2010 17:22
Yells: "nihil timendum est." |
||||
x 0
x 0 Alert Admin |
This is exactly what everyone needs and wants to know and the answer to the question whether it is to high to buy noble or not.
|
||||
Useful To Me Not Useful To Me | |||||
fools_gold
Senior |
09-Nov-2010 17:20
Yells: "nihil timendum est." |
||||
x 0
x 0 Alert Admin |
The bottomline: The Group reported a record revenue and gross profit in third quarter 2010 of US$14.9 billion and US$442 million, respectively, compared to US$8.4 billion and US$315 million in third quarter 2009. The Group also reported a record revenue of US$39.3 billion in the first nine months of 2010, compared to US$21.6 billion in the corresponding
|
||||
Useful To Me Not Useful To Me | |||||
|
|||||
BullishTempo
Supreme |
09-Nov-2010 17:20
|
||||
x 0
x 0 Alert Admin |
Noble reports record Revenue and 35% increase in Gross Profit for nine months ended September 30, 2010
|
||||
Useful To Me Not Useful To Me | |||||
watermelon
Veteran |
09-Nov-2010 17:19
Yells: "A bird in the hand is worth two in the bush." |
||||
x 0
x 0 Alert Admin |
Yes, please , Thank you, B.T!
|
||||
Useful To Me Not Useful To Me | |||||
BullishTempo
Supreme |
09-Nov-2010 17:18
|
||||
x 0
x 0 Alert Admin |
|
||||
Useful To Me Not Useful To Me | |||||
icetomato
Elite |
09-Nov-2010 17:17
|
||||
x 0
x 0 Alert Admin |
Dear Shareholders Noble Group Limited is listed on the Singapore Exchange Securities Trading Limited www.thisisnoble.comWe are delighted to report to you again with our third quarter results. We have over the last many years written to shareholders to explain “how we are doing”. I must say “We are doing very well. Thank you.” In the past, when we reviewed our performance we also tried to give you a sense of the future, and in looking back, these indications have been reasonably accurate. In June, we said that we thought our business would improve as some of our investments and new businesses were starting to take shape. I believe this is precisely what is happening, and hence we are excited about our future and the new income streams. We’re also proud of our teams that produced these results. They’ve worked hard to get us to this point, but we still expect morewe’re constantly raising the bar. We have had a very interesting quarter. First of all, the quarter was the best quarter for sales and gross profit that the company has ever had, and that certainly is a landmark. Second, we finally concluded the rather long and drawn-out Gloucester/ Middlemount transaction. We are very pleased with the results. The Gloucester share price (GCL AU) has performed very well subsequently. (By the way Noble owns 6o% of the Gloucester which has a market capital today approaching A$1.5 billion.) There are a number of projects that we have concluded in the fourth quarter, but which took a large amount of our time in the previous quarters. In particular we concluded the Sempra Energy Solutions acquisition which has now been renamed as Noble Americas Energy Solutions. This is a transaction we are very proud of-it will give us the ability to further scale our energy activities in US. We also recently issued a US$350 million perpetual security, which is an enormous compliment to the company -- very few companies have the ability to secure such funding and certainly not under the terms and conditions we achieved. This provides us with an opportunity to further increase our equity capital base and at an attractive cost. We have also been successful in securing a marketing agreement with Berau Coal in Indonesia, which is a real benchmark transaction for Noble. Berau is forecast to be one of the leading Indonesian coal producers, and we are very excited about the opportunity to work with its management team for years to come. I could continue like this, but would urge you to review our just released Management Discussion and Analysis as posted on our website. You’ll find several pages of third quarter and post quarter corporate developments which provide insight also to how we continue to grow. Clearly running Noble is not like driving down the highway. We have our hills, our turns and bumps, but somehow we seem to improve our skills just a little bit every day. One good example is the progress in our IT systems which are the foundation for the future growth of the company. We’ve made substantial IT investments in our Oil and Gas activities to ensure we can manage the business in a prudent and real-time basis. As we continue to grow, there is one long term issue that we need to focus on, and that is to ensure that we maintain our unique culture. When we started, it was easy, there were only a few of us and we more or less had lunch every day, so we could nurture the spirit easily. Clearly, as we have grown we realize the need to integrate people into our culture and help them change their ways of working to match that of Noble. Our senior management has done a good job on this score and we will continue to employ significant resources in ensuring we go all forward in the “The Noble Way”. As we’ve often said “Our business is simple”. It is about getting the small things right; making sure that the thirty tonnes of soybeans that the farmers’ lorries deliver are properly tested for quality and moisture content; ensuring that the latest piece of equipment is properly fitted; and that the documentation behind each and every delivery is correct. We reckon that there are about forty things that can go wrong in even a relatively straightforward transaction. We aim for perfection each and every time. “Hands On” is how we have described ourselves in the past and the phrase continues to be the essence of everything that we do. It is this attitude - which can also be summarized as “don’t wait for someone else to do it for you” - that has enabled us to grow and to meet the high expectations of our business partners. We stress accountability and responsibility in our staff and this is an important part of our culture. Of course we sometimes hit speedbumps and get things wrong, but we’ll look to re-align our efforts and move forward with more determination to succeed. The importance of our culture really came home to us when several of your management team spent a week or so in early October officiating at the formal opening of our new berth in the Brazilian bulk port of Santos and at our new world class crushing plant at our port facility at Timbues in Argentina. It was very gratifying to see first-hand that our colleagues who made these projects possible carried the same sense of ownership and commitment that we had when we were doing our first transactions all those years ago. The same attitude was also quite apparent when we visited our new Brazilian sugar mills on the same trip. This sense of ownership has been deliberately fostered across the group in the last couple of years as we added entire new business groups - from the coal investments in Australia and Indonesia to our sugar milling operations in Brazil to building out an oil, gas and power business from the ground up, within which we have also now built a significant storage and distribution operation in the American Midwest. We must also recognize the improvement in our risk management efforts especially since we are seeing the re-appearance of extreme price volatility in commodity markets. We have never run Noble on a day-to-day price basis, and we must ensure that whatever we do allows Noble to continue to operate for a long period of time, riding out the volatility. At the end of the day, we originate products from low cost locations while making sure that our actual cost in delivering those products to the most attractive destination markets is as low as it can be. Whether that involves mining coking coal in Australia, crushing soybeans in Argentina or having the fastest loading equipment in the port at our facility in Santos, it is this attention to the basic economics of our business that means we are prepared for whatever is thrown at us. However, we must remain mindful that the fall out from the 2008 financial crisis really has not vanished so easily. We certainly do not wish to bet our future on the fact that the current low interest rates will persist and consequently we have prepared our balance sheet in case rates rise. That is why your company, with over US$2 billion of cash on its balance sheet, and an emphasis on long term committed funding, is well prepared for whatever the future holds. Trading conditions remain good and I can assure you that we are in better shape than ever to face the markets going forward led by a management team that is experienced, strong and committed, and passionate. At the end of the day, in trying conditions, this is by far and away the best quarter we have ever had. We are not yet ready to open a bottle of champagne, but certainly have a bottle on standby. As the best is yet to come. In closing, we also would like to sincerely thank our employees, clients, banks and shareholders for their continued strong support. Richard Samuel Elman Non-Executive Chairman 9 November 2010 The Board of Directors of Noble Group Limited presents below the unaudited consolidated financial results for the third quarter and the first nine months of 2010 together with those of corresponding periods for 2009. The Group reported a record revenue and gross profit in third quarter 2010 of US$14.9 billion and US$442 million, respectively, compared to US$8.4 billion and US$315 million in third quarter 2009. The Group also reported a record revenue of US$39.3 billion in the first nine months of 2010, compared to US$21.6 billion in the corresponding period of 2009. Profit from operating activities for the first nine months of this year was US$428 million, compared to US$540 million in the first nine months of 2009. Net profit for the first nine months and third quarter of 2010 equaled US$358 million and US$157 million, respectively, compared to the US$471 million and US$132 million in the corresponding periods of 2009. The profit from operating activities for the nine months 2010 included a profit of US$65 million from fair value gains on an equity option while that for 2009 included US$154 million from the revaluation of a pre-existing interest in Gloucester Coal and the negative goodwill arising. The Group’s balance sheet remained strong with US$2.2 billion in cash while cash plus near cash (trade receivables and inventory) totaled US$6.9 billion. (unaudited) (unaudited) Nine months ended Three months ended 30 September 30 September 30 September 30 September2010 2009 2010 2009US$’000 Revenue Profit from operating activities Share of profits and losses of: Jointly-controlled entities Associates Profit before tax Tax Non-controlling interests Net profit for the period attributable to shareholders (Restated) (Restated) Basic earnings per share (US cents) Diluted earnings per share (US cents) US$’000 US$’000 US$’00039,255,984 21,616,056 14,937,570 8,361,014428,012 540,029 198,516 155,102(238) (1,492) 898 (315)(2,239) (16,994) 32 (3,612)425,535 521,543 199,446 151,175(66,343) (49,163) (41,859) (19,050)(1,079) (1,238) (400) 16358,113 471,142 157,187 132,1415.99 9.26 2.62 2.545.76 9.10 2.53 2.47As at As at30 September 31 December2010 Net assets (US$’000)
|
||||
Useful To Me Not Useful To Me | |||||
|
|||||
watermelon
Veteran |
09-Nov-2010 17:16
Yells: "A bird in the hand is worth two in the bush." |
||||
x 1
x 0 Alert Admin |
STI 3313.61 +13.21 +0.40% (5.10pm) | ||||
Useful To Me Not Useful To Me | |||||
fools_gold
Senior |
09-Nov-2010 17:14
Yells: "nihil timendum est." |
||||
x 0
x 0 Alert Admin |
this is by far and away the best quarter we have ever had. We are not yet ready to open a bottle of champagne,
|
||||
Useful To Me Not Useful To Me | |||||
Gaecia
Elite |
09-Nov-2010 17:13
|
||||
x 0
x 0 Alert Admin |
Msg below was meant for tomato. btw tomato i find u do trade very well n always consistent, jus look at the way u handled Noble today at every twist and turn. Being intuitive is your trademark. ;)
|
||||
Useful To Me Not Useful To Me | |||||
fools_gold
Senior |
09-Nov-2010 17:12
Yells: "nihil timendum est." |
||||
x 0
x 0 Alert Admin |
the announcement is out. go and check it at the sgx website | ||||
Useful To Me Not Useful To Me | |||||
BullishTempo
Supreme |
09-Nov-2010 17:11
|
||||
x 0
x 0 Alert Admin |
Tags: Olam International
|
||||
Useful To Me Not Useful To Me | |||||
BullishTempo
Supreme |
09-Nov-2010 17:08
|
||||
x 0
x 0 Alert Admin |
I can post Noble results later
|
||||
Useful To Me Not Useful To Me | |||||
Gaecia
Elite |
09-Nov-2010 17:07
|
||||
x 0
x 0 Alert Admin |
har...hmm pls dun listen to me. You shld still place a stop limit for any & every scenario. | ||||
Useful To Me Not Useful To Me | |||||
icetomato
Elite |
09-Nov-2010 17:07
|
||||
x 0
x 0 Alert Admin |
STI closed at 3305.91 +5.51 +0.2% | ||||
Useful To Me Not Useful To Me |