Agribusiness
Iceberg hits out at Noble Group’s “intensively engineered” debt levels
Iceberg hits out at Noble Group’s “intensively engineered” debt levels
Its gross debt is 41% higher than reported.
Noble Group, Golden Agri are the worst-performing blue chips this week
Their share prices crashed to 1-year lows.
Invesco Asset Management pours $15.8m into troubled Noble
It bought 17m shares at $0.9295 each.
Iceberg set to release third Noble report this week
It will cover governance, debt, and liquidity headroom.
Behind the mask: Iceberg set to reveal identity after release of third report
It defended its anonymity in a statement.
Iceberg warns of more Yancoal write-downs for Noble
There’s still a $431.5m gap to be recognized.
Why didn’t Noble issue a profit warning before unveiling its massive Q4 loss?
The $273m Yancoal impairment came after the first Iceberg report.
Wong Yew Ban steps down as Oceanus Group CFO and COO
The company found out in an investigation on alleged fraud and irregularities in the company's China operations that he failed to properly supervise...
Japfa’s core net profit up 35% to $78.7m in FY14
Thanks to smaller Comfeed losses.
IndoAgri’s net profit up 45% to to $81m in FY14
On back of higher CPO sales volume.
Golden Agri to splurge $409.3m to combat intensifying headwinds
Near-term volatility is expected to persist.
Here’s what analysts have to say about the accounting fraud claims versus Noble
Is the group’s damage control good enough?
Golden Agri’s net profit tumbled 63.5% to $154m in FY14
Due to a large fair value loss.
Noble Group’s net profit crashed 66% to $328.2m in FY14
Due to massive impairments.
First Resources' net profit plunged 27.2% to $234.8m in FY14
Due to lower palm oil prices.
Accounting fraud allegations “without substance”, says Noble
But the trading halt will not be lifted.
Iceberg unleashes second report on Noble, takes aim at “suspicious” cash flows
Its fair values are fabricated, says the report.
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