$Noble Group(CGP.SI) 'TROUBLED commodity trader Noble Group posted a huge loss of US$1.2 billion for the three months to September from a US$28.1 million loss a year ago on the back of impairments from asset sales and provisions.

This brings losses for the nine-month period to a massive US$3.05 billion from a US$42.5 million loss a year ago.

Revenue for the third quarter fell 18 per cent to US$1.46 billion from US$1.79 billion a year ago. Loss per share came in at 89.9 US cents versus a loss of 2.93 US cents per share in the previous period.'

http://www.businesstimes.com.sg/energy-com...

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2 likes 12 comments
paullim

Lose so much? Scary

bennylim22

How many billion they..have ?
Keep lost ..lucky.i cut loss at 110..few years back..otherwise.no die also half die..

vcvc

Can it go any lower?

vcvc

Reply to @duckie : Lol. Some time back I was thinking if I can buy a few lots and in case they swing back big time. Now seem like wise not to gamble my money away. :)

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duckie

dont pull everyone down please!

scwork

Reply to @duckie : Noble group no longer has the type of influence it had over the market. If not for the consolidation, it is now only a penny stock worth 0.025 a piece. So even if it does drop further, it will not affect the market that much if any.

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