We ask the questions that need to be asked, Hong Bao Media Holdings Pte Ltd

Mark Laudi • Investor Central

We ask the questions that need to be asked

Hong Bao Media Holdings Pte Ltd

Noble Group's Annual Report focuses very much on the weakness in the commodities market, and how the trading house is countering it by diversifying and going asset-light.Remarkably, it doesn't mentioned Iceberg Research and Moody's - two names which caused it significant pain in 2015.Still, the evidence of the damaging research reports from Iceberg and the downgrade by Moodys can be seen - if you are looking out for it.For example, the immense number of board meetings the company held (12, compared to the usual 4-6), the amount of shareholder communications they undertook (to respond to the Iceberg claims), and the substantial additional disclosures to address the liquidity issues they faced during 2015.

Noble Group's Annual Report focuses very much on the weakness in the commodities market, and how the trading house is countering it by diversifying and going asset-light.Remarkably, it doesn't mentioned Iceberg Research and Moody's - two names which caused it significant pain in 2015.Still, the evidence of the damaging research reports from Iceberg and the downgrade by Moodys can be seen - if you are looking out for it.For example, the immense number of board meetings the company held (12, compared to the usual 4-6), the amount of shareholder communications they undertook (to respond to the Iceberg claims), and the substantial additional disclosures to address the liquidity issues they faced during 2015.

Noble Group Ltd

Noble Group: Iceberg? What Iceberg?