Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (35379)	9/18/2009 4:12:18 PM
From: E_K_S	Read Replies (2) \| Respond to of 78752

Hi Paul - NOBGF.PK is a very interesting stock. I read through the 185 page 2008 annual report and was quite impressed with their different business around the world. I was a bit concerned about their outstanding shares (around 3.5 Billion) with a stock price of $1.85/share. I was told by Schwab Global that this is common for the companies in Asia (specifically Singapore). You must buy these shares through Schwab Global at a minimum $100 fee, but my Ameritrade account will accept my order but no action yet for my starter position. The company is earning money too. They earned $0.18/share last year which translates to a PE around 10 (very reasonable price). They paid a cash dividend this year around 2% and in 2008 they paid a stock dividend at the rate of 1 new share for every 5 held (a 20% stock dividend). It is very difficult to obtain these simple numbers from YAHOO (they have no financials) or even on the Nobel Group Ltd web site. Do you have a web site that condenses their detailed reports into very simple earnings per share, PE and dividend payments (amounts & dates)? Finally Schwab Global said that the stock has been halted for three days pending some announcement on a large sale from an estate which the company was trying to buy. The last trade in Singapore was $1.62 and the picks sheets have been trading the stock between $1.83-$1.90. This looks like a good one to accumulate. The company is not dollar denominated so you have a hedge against a falling U.S. $, the company owns and operates many different natural resource assets (mineral rights), ports & logistic assets, and have operations in several of the BRICK countries (especially my favorite Brazil). There is only a three year track record since it went public but they have paid a dividend every year (cash and/or stock) and have had excellent earnings growth. If the global market is really going to turn positive with the largest demand coming from Asia (ie China), NOBGF.pk Noble Group LTD seems to have their table set to gain from this. The stock could have been had for $0.45-$0.65 a share between 10/2008 - 4/2009. The stock broke above its 200 day MA in May 2009 at $0.95/share and now is trading in the $1.80 - $1.85/share price range. EKS