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Iceberg Research | Revealing financial manipulation and accounting frauds

Our comments are available here. Update on Noble Group (July 21st) Confidence in Noble is clearly eroding. We explain why the "assurance review" conducted by PwC will not answer the market’s questions. The only hope is a miraculous white knight. Finding one will be a tough job. Our update here. Questions ahead of Noble’s annual…

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Iceberg Research | Revealing financial manipulation and accounting frauds | iceberg-research.com Reviews
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Our comments are available here. Update on Noble Group (July 21st) Confidence in Noble is clearly eroding. We explain why the assurance review conducted by PwC will not answer the market’s questions. The only hope is a miraculous white knight. Finding one will be a tough job. Our update here. Questions ahead of Noble’s annual…
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Iceberg Research | Revealing financial manipulation and accounting frauds | iceberg-research.com Reviews

https://iceberg-research.com

Our comments are available here. Update on Noble Group (July 21st) Confidence in Noble is clearly eroding. We explain why the "assurance review" conducted by PwC will not answer the market’s questions. The only hope is a miraculous white knight. Finding one will be a tough job. Our update here. Questions ahead of Noble’s annual…

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1

Questions to Noble’s management ahead of its April 17th AGM | Iceberg Research

http://iceberg-research.com/2015/04/16/questions-to-nobles-management-ahead-of-its-april-17th-agm

Revealing financial manipulation and accounting frauds. Questions to Noble’s management ahead of its April 17th AGM. April 16, 2015. Middot; by Iceberg Research. Middot; in Uncategorized. Middot; 3 Comments. Here are our main questions for Noble’s annual general meeting held on April 17th. Can Noble give the details of these transactions, and the names of the banks engaged in these transactions to the regulators so that they can verify Noble’s representations? 7) Noble has accumulated contracts with asso...

2

Third Report on Noble Group, a repeat of Enron: Governance, Debt and Liquidity Headroom | Iceberg Research

http://iceberg-research.com/2015/03/21/third-report-on-noble-group-a-repeat-of-enron-governance-debt-and-liquidity-headroom

Revealing financial manipulation and accounting frauds. Third Report on Noble Group, a repeat of Enron: Governance, Debt and Liquidity Headroom. March 21, 2015. Middot; by Iceberg Research. Middot; in Uncategorized. Middot; 1 Comment. When calculating its adjusted net debt, Noble claims that $2.2b inventories could be used for debt repayment while there are $8.1b suppliers with exactly the same level of claim on those We explain why using inventories to repay banks and bond holders would immediat...The c...

3

Update on Noble (July 21st) | Iceberg Research

http://iceberg-research.com/2015/07/21/update-on-noble-july-21st

Revealing financial manipulation and accounting frauds. Update on Noble (July 21st). July 21, 2015. Middot; by Iceberg Research. Middot; in Uncategorized. Middot; 4 Comments. Confidence in Noble is clearly eroding. In the past few weeks, the most important development has been the revision of the rating outlook by S&P from stable to negative. S&P’s June 11th opinion, published one month after Noble released its quarterly results, underlined the main concern: the fair values. Noble’s trading ris...1 Noble...

4

About | Iceberg Research

http://iceberg-research.com/about

Revealing financial manipulation and accounting frauds. Iceberg Research identifies substantial earnings misrepresentation and accounting irregularities in financial statements issued by public companies. Complacent auditors are rarely subjected to fines despite their role in a growing number of accounting scandals. Too often, they validate fraudulent or highly misleading accounts, and discreetly write their reserves at the end of the annual report. Leave a Reply Cancel reply. Enter your comment here.

5

Comments on FY2014 results and Noble’s rebuttals | Iceberg Research

http://iceberg-research.com/2015/03/05/comments-on-fy2014-results-and-nobles-rebuttals

Revealing financial manipulation and accounting frauds. Comments on FY2014 results and Noble’s rebuttals. March 5, 2015. Middot; by Iceberg Research. Middot; in Uncategorized. Middot; 2 Comments. We refer to Noble’s recent announcements on Iceberg’s reports and the company’s FY2014 results. The carrying value of Yancoal is now $322m and the market value of the 13% stake is worth $7m. There is still a $315m gap that Noble will have to recognise. Delay for sign off. EY has been the auditor of Noble since 1...

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Richard's Investment Pad - Income Growth Planner: June 2015

http://sginvnote.blogspot.com/2015_06_01_archive.html

Richard's Investment Pad - Income Growth Planner. Live a wonderful life with financial independence. Saturday, 27 June 2015. Analysis of MGCCT (Mapletree Greater China Commercial Trust). MGCCT had a nice bull run since Feb 2014. The rise was slow and steady: any minor retreat in between were well supported by 50d/100d MA, that is, until recently. Friday, 5 June 2015. Short Noble until its death? Well, essentially, the share value is 0 and you dont have to pay back to the lender because the share is worth...

cgmalaysia.blogspot.com cgmalaysia.blogspot.com

Corporate Governance in Malaysia: February 2015

http://cgmalaysia.blogspot.com/2015_02_01_archive.html

Corporate Governance in Malaysia. A Blog about [1] Corporate Governance issues in Malaysia and [2] Global Investment Ideas. Saturday, 28 February 2015. Maybulk: large paperlosses on its investment in POSH (2). In my previous post. On this matter, I wrote:. If Maybulk decided to mark its investment in POSH against the market price (which sounds pretty reasonable to me), then it has to account for a one-off loss of RM 540 Million.". In other words: although Maybulk's investment in POSH has been most disapp...

sginvnote.blogspot.com sginvnote.blogspot.com

Richard's Investment Pad - Income Growth Planner: Short Noble until its death...?

http://sginvnote.blogspot.com/2015/06/short-noble-until-its-death.html

Richard's Investment Pad - Income Growth Planner. Live a wonderful life with financial independence. Friday, 5 June 2015. Short Noble until its death? Well, essentially, the share value is 0 and you don't have to pay back to the lender because the share is worthless. That is the best scenario for short sell. Your return is 100% assuming no leverage. Well, it sounds pedantic. Could it happen? The question is What time? Well, according to the following reports(see below), we may. The price drop accelerated...

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Iceberg Research | Revealing financial manipulation and accounting frauds

Revealing financial manipulation and accounting frauds. Comments on the PwC review and Noble’s Q2 results. Our comments are available here. Update on Noble Group (July 21st). Confidence in Noble is clearly eroding. We explain why the “assurance review” conducted by PwC will not answer the market’s questions. The only hope is a miraculous white knight. Finding one will be a tough job. Our update here. Questions ahead of Noble’s annual general meeting held on April 17th. The reason for the divergence betwe...

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