I have just had a Singapore-based contact telephone me on Noble Group. This appears to be a massive accounting fraud which, for some reason, Ernst and Young, seem prepared to accept. I decline to claim that E and Y are negligent but they seem to have been extraordinarily tolerant. The accounting misrepresentation revolves around what must be reckoned seriously unreliable purchase and supply contracts.
Nobel is quoted on Singapore and therefore, for one reason or another, not available to me as a shorting medium. However, I understand that IG Index in London do Singaporean quotes. Noble Group will take time to collapse but collapse it will. The figure I have picked up from www.iceberg-research.com is currently circa S$1. Singapore opens around midnight London time – IG can no doubt assist.