SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Noble China (NMO) on TSE. Chinese Brewery Stock
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lee Matheson who wrote (177)6/25/1999 5:01:00 PM
From: Mario Gallant  Read Replies (1) of 248
 
For what it's worth I was just going over some old notes I made a while back about the Northern Breweries. A 60% interest in the Shanhaiguan Brewery was bought for approx $ 21,498,400 in Dec 94 I believe, and Noble paid $ 19,281,920 at that time. This would mean that Noble still owes $ 2,216,480 to this brewery. I don't know exactly how it was determined that Noble's interest is now 42% but hopefully it will not cost us much more than 3 million to get back our controlling interest of 60%. I for one am very dissappointed in the recent slide in Nobles share price. I also did not see Noble buy back any more of their shares in the last 3 or 4 weeks. Unless they are now using a different company to make these purchases. If the share price continues to slide I will consider taking a larger position. Has anyone heard anything? We may have to wait another few months or another 1 or 2 good quarters before a significant increase.

Regards,

Mario.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News