Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
yep thats why I have been accumulating with proceeds from other stocks a little bit per day.
yes I believe the float and the overseas assets, along with the Arcelor-Mittal ownership will make this one of the best chapter 11 plays ever, it's just early right now.
Dreams do come true ya know! Not silly at all...dream on RonnieD, dream ON.
I think NOBL has a future and will turn around...gotta love the float on this one.
Noble International breaking news
http://news.google.com/news?pz=1&ned=us&hl=en&q=%22noble+international%22
some recent developments
heh. this dream was a lot weirder and fun than i say here, but i don't want to sound totally silly.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37426624
true "sleeper"..
poking in look like she is ready now eom
tick tock tick tock
Thanks bro. I bought at .10 today and sold at .17 Should of sold at .20 but thought it would bounce back. I am too afraid to hold over night..
But I believe when we get the Q u will be right.
,,,,,,,I'd wait 3 more days for 3c
That was fast dude
Looks like this should really move soon. 4.6 million traded. Any thoughts?
low .0918 high .20
.18 on the bounce
want to hear something funny.. i only have 3000 shares of this.. yesterday i had the sell order filled out and i cancelled because i figured i could sell at .30 today instead of .29..
i will be watching this for bottom entry - i estimate about 1-2 million shares will be sold in coming days.. float only 6 mil.
lots of assets listed in the 10K thoroughly.
offshore assets not in the bk and will be sold separately.
i expect the creditors to own everything in the US and Canada.
Has it been halted??
hardly any volume so far and seems frozen now at .11
,,,,,,,I think 3c-5c bottom. --MONEYMADE
Wow... no kidding, that's big news. She's gonna drop like a rock when that news hits.
Wonder what they are gonna have left after the liquidations, to generate revenue.
Maybe some patents, proprietary stuff, and hopefully production facilities of some (any) kind.
If this thing hits the floor, it could be a chance to roll the dice, especially if they retain enough assets to support a share price at current (.30 ish) value with no debt going forward.
I feel bad for current longs. This is gonna be a rough period, but it could ultimately work out, especially if it gets back to the buckish or so you hypothesized.
Are they still eligible for the Auto Supplier Relief $ in view of the BK announcement? Seems like they (sure as hell) aught to be.
I just hope they retain enough assets to remain a going concern. Best regards.
GLTA !!
looks like there will be a buying opportunity here.
Arcelor Mittal owns 70% of the stock, there are only 6 million in the public float.
23 million total shares; if Noble can sell foreign operations for 23 million that's 1.00/sh.
Noble International, Ltd. Files for Chapter 11 Bankruptcy Protection
Wednesday April 15, 2009, 6:32 pm EDT
TROY, Mich., April 15 /PRNewswire-FirstCall/ -- Noble International, Ltd. (Nasdaq: NOBL - News) today announced that the company and certain of its US subsidiaries have filed voluntary petitions in the United States Bankruptcy Court for the Eastern District of Michigan seeking relief under the provisions of Chapter 11 of the United States Code. Noble's European, Asian and Mexican affiliates are not debtors in the bankruptcy.
Noble International is the world's largest supplier of laser-welded blanks and primarily serves the automotive industry. The company also produces laser-welded tubes, roll-formed products and other steel components.
Since late February, Noble International has relied on financing arrangements from its customers to help sustain its North American operations. Recently, three of its customers initiated plans to resource their purchases of laser-welded products from the Company's US and Canadian facilities to other suppliers. As a result of these developments and the continued hardships confronting the automotive industry, corporate leadership determined that Chapter 11 bankruptcy protection was in the best interest of the company, its creditors, stockholders and other interested parties.
Noble International's Chief Executive Officer, Andrew J. Tavi, said, "As with almost every supplier in this industry, Noble has experienced substantial volume reductions that have had a significant effect on its financial condition. Over recent months, our company has implemented significant cost savings initiatives and worked diligently with our customers and financial institutions in an attempt to regain solid footing in the face of dire circumstances within the industry. Unfortunately, the frozen credit markets and diminished volumes have limited our ability to effectuate a solution outside of bankruptcy."
Noble anticipates that Chapter 11 protection and a DIP financing that it has negotiated with certain of its customers, if approved by the Bankruptcy Court, will enable the company to pursue possible sales of the company's remaining operations.
About Noble International, Ltd.
Noble International, Ltd. is the world's largest laser welder and global provider of 21st Century Auto Body Solutions®. Noble provides the automotive industry with laser-welded blanks and tubes, as well as advanced roll-formed and hot-formed structural components. Its high-value products offer numerous advantages over traditional methods of automotive body construction.
Certain statements in this report are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements addressing operating performance, events or developments that we believe or expect to occur in the future, including those that discuss strategies, goals, outlook or other non-historical matters, or which relate to future sales or earnings expectations, cost savings, awarded sales, volume growth, earnings or a general belief in our expectations of future operating results. These forward-looking statements are made on the basis of management's assumptions and estimations when made and speak only as of the date thereof. As a result, there can be no guarantee or assurance that these assumptions and expectations will in fact occur. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "may," "would," or "will" or variations of such words and similar expressions may identify such forward-looking statements. The forward-looking statements are subject to risks and uncertainties that may cause actual results to materially differ from those contained in the statements. Some, but not all, of the risks include the economic cost, management distraction and lost business opportunities associated with bankruptcy proceedings; our ability to negotiate additional waivers or other accommodations from our lenders, if necessary; our ability to secure the continuation of favorable payment terms from our customers, if needed; our ability to obtain future sales; our ability to successfully integrate acquisitions; changes in worldwide economic and political conditions, including adverse effects from terrorism or related hostilities including increased costs, reduced production or other factors; costs related to legal and administrative matters; our ability to realize cost savings expected to offset price concessions; inefficiencies related to production and product launches that are greater than anticipated; changes in technology and technological risks; increased fuel costs; work stoppages and strikes at our facilities and that of our customers; the presence of downturns in customer markets where the Company's goods and services are sold; financial and business downturns of our customers or vendors; and other factors, uncertainties, challenges, and risks detailed in Noble's public filings with the Securities and Exchange Commission. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Noble does not intend or undertake any obligation to update any forward-looking statements.
Thomas L. Saeli submitted his resignation as Chief Executive Officer and a director of Noble International, Ltd. (the “Company”) effective April 13, 2009. On April 14, 2009, Frank B. Sovis, the Company’s Chief Operating Officer, submitted his resignation. The employment agreement between the Company and Mr. Saeli dated May 8, 2006 and the employment agreement between the Company and Mr. Sovis dated February 12, 2009 have been terminated (other than the confidentiality, non-competition and non-solicitation provisions contained therein). The Company has agreed to pay each of Mr. Saeli and Mr. Sovis approximately four weeks of his annual salary.
Concurrently with Mr. Saeli’s resignation, the Company appointed Andrew J. Tavi, 36, as its Chief Executive Officer. Mr. Tavi has served the Company as Vice President, General Counsel and Secretary since May 2006 and will continue as the Company’s General Counsel and Secretary. Mr. Tavi’s annual salary is $400,000; the other terms of Mr. Tavi’s employment are set forth in his employment agreement with the Company, as previously disclosed.
Mr. Tavi joined the Company in November 2005 as Deputy General Counsel. Prior to joining the Company, Mr. Tavi was senior counsel at the law firm of Foley & Lardner LLP.
Mr. Sovis’ duties will be assumed by David J. Fallon, Chief Financial Officer of the Company.
GM, Chrysler secure $3.5 billion for suppliers
SAN FRANCISCO (MarketWatch) -- General Motors Corp. and Chrysler LLC, armed with $3.5 billion in federal aid, launched programs on Wednesday aimed at bolstering their supply base and restoring credit flows to the critical sector, the U.S. Treasury said.
NOBL is worth $20.00 per share for sure -- HOLD -- IMO --
see this news below. NOBL going back to $20 soon enough.
Today's rise in PPS is just a little step toward great future.
APRIL 8, 2009,
3:41 P.M. ET Aid to Auto Suppliers Begins to Flow
By JEFF BENNETT, MAYA JACKSON RANDALL and SHARON TERLEP
"The U.S. Treasury Department on Wednesday kicked off a program to help ailing auto parts makers, providing $3.5 billion in aid to be funneled to suppliers through General Motors Corp. and Chrysler LLC.
GM will oversee $2 billion under the department's program while Chrysler will oversee $1.5 billion. The money will be used to stabilize payments to suppliers, many of which are in, or on the edge, of bankruptcy.
Previously Reported
U.S. Offers $5 Billion to Car Suppliers
03/20/09The effort adds a new prong to the government's push to support GM and Chrysler. GM itself has been given $13.4 billion in federal bailout loans and Chrysler $4 billion, and the government has promised to provide GM with working capital until June 1 and Chrysler with working capital until May 1.
By those deadlines, the auto makers are supposed to work out cost cuts with the United Auto Workers and reach agreements with banks and other creditors to reduce their heavy debt loads. If they can't do that, the Obama administration's auto task force has said it could force one or both companies to restructure through bankruptcy.
Although the aid for parts makers is limited to GM and Chrysler suppliers, the impact is expected to ripple through the industry since those same companies provide parts to other auto makers operating in the U.S.
The Treasury announced last month it was setting aside a pool of $5 billion to fund the program. GM and Chrysler can ask for more money -- up to the $5 billion amount -- if needed. The money the auto makers received Wednesday was in response to their initial aid requests. Ford Motor Co. declined to take part, stating that it can make supplier payments from its own funds. The auto maker is helping its suppliers on a case-by-case basis, offering everything from loans to a change in payment terms.
The Treasury's supplier aid is designed to prevent collapse among companies suffering from a liquidity crunch as auto manufacturers pare production. Visteon Corp., Lear Cop., American Axle & Manufacturing Holdings Corp. and TRW Automotive Holdings Corp. are struggling. The program is expected to be short term, with users relying on the support for three or four months, according to a person familiar with the plan.
Suppliers are starting to apply to GM and Chrysler, and can opt to insure their accounts receivable or have the auto maker accelerate payments for parts in return for a fee.
"It is a voluntary program for suppliers and from our perspective there appears to be significant interest in the program," said Dan Flores, a GM spokesman. "The focus now is to get the program up and running as quickly as we can."
Chrysler said its program, administered by Citibank, is available to suppliers that are incorporated in the U.S.
One senior industry executive said it remained unclear how much relief the program would generate, citing the 3% fee being levied on federal loans used to accelerate payment. "There is a real cost -- 3% is quite a bit for these companies to pay to participate," said Jim Lentz, president of Toyota Motor Sales USA Inc., on the sidelines of the New York auto show.
About two-thirds of Toyota's parts makers in the U.S. also supply parts to GM, Chrysler and Ford.
Mr. Lentz said 100 of Toyota's 500 top-tier parts suppliers are in some level of distress, and 12 are in severe trouble"
Kels
Can i just know
the Q1 & Q2 & Q3 and Q4 for 2008 ?
I'm in today at 0.285
7,000$
GOOOOOO NOBL ;)
Good Morning all, I am new to this NOBL board, and I would like to know if anyone has a feel for what could be driving the recent uptick in pps. I saw earlier this week that NOBL lost the Ford and GM business so I was expecting a rather large fall in pps. However it went up. ???
The only thing in my mind that could make that happen would be the possiblity of it being sold off. This is just my thought and i have nothing to confirm or deny this as I am just trying to make heads or tails of the move in pps.
i would appreciate your input to my post.
TIA Metal
invested some here today, with an eye toward favorable outcome considering the 70% MT ownership.
It is obvious they will buy remaining 30% and integrate into Metal Family. It is a huge asset for them and they can find contracts to work on both in US and the rest of the world.
The rest of the stock will be flying from the shelf. Buyout is coming !!!!! NOBLE over $20 soon enough.
it's all up to MT here, they now own 70% of NOBL.
either they pay off the due debt and keep the plants and some personnel if they have a vision for NOBL, whether it be auto or aerospace, or other work.
The question is will they let it go BK or will they just buy out the 30% they don't have and incorporate it fully into MT.
GM NO BANCRUPCY BLOOMBERG MADE MISTAKE
http://www.reuters.com/article/marketsNews/idINWEN672020090401?rpc=44
WASHINGTON, March 31 (Reuters) - President Barack Obama's
thinking on the crisis facing General Motors Corp (GM.N) has
not changed since Monday, a senior administration official told
Reuters on Tuesday. "Nothing has changed on this," the official said when asked
about a Bloomberg report that the president has determined that
a prepackaged bankruptcy is the best way for GM to restructure
and become competitive. "This report is not accurate." The White House wants the 60-day period for GM and a 30-day
period for Chrysler [CCMLPD.UL] to play out, as announced by
the president on Monday, the official said, speaking on
condition of anonymity.
(Reporting by Jeff Mason; editing by Mohammad Zargham)
Obama will reconsider getting rid of the larger truck/car frame producer. You can bancrupt GM and then go trought the restructurization, but new company will not have it's largest car frame supplier. I guess they will use wooden instead.
Good luck democrats. Winter will come again and food shortages will be enormous without those powerfull American Trucks. I hope you will use your Lexuses to deliver the food to hungry Americans.
Whenever the BIG 3 get good and ready -- THEY ARE HOGS -- IMO --
Is it true that they have money due to them from the Big 3? If so, when will they get paid?
NOBL is running today. I must admit I'm surprised. It's a bad day overall and LEA is down 20%. Strange but encouraging for NOBL to say the least.
6.9 million float.. the next Q will be terrible of course, i think it's the one after that which will be critical.
meanwhile it's a good trading stock, small volume moves it.
I guess we need the next Q to see how they are doing, but looking at their prior Q's they seem to be doing better this year over last by leaps and bounds. IMO Share structure isn't to shabby either.
should work out swimmingly.
a friend of mine went large Friday, but he doesn't post on ihub.
I agree Ronnie. Keeping this one close.
added here .37
this stock will return multiple bags in the mid-term.
full 8-K
(this is just an accounting adjustment, imo)
15-Dec-2008
Material Impairments
Item 2.06. Material Impairments.
Noble International, Ltd. (the "Company") previously disclosed in its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2008 that it had commenced an impairment analysis of long-lived assets and goodwill as of September 30, 2008 and that an impairment charge as a result of that analysis was probable.
On December 9, 2008, the Company determined that it will record a goodwill and long-lived asset impairment charge in an estimated amount between $97 million and $125 million (between $4.10 and $5.30 per basic and diluted share) during the fourth quarter ended December 31, 2008 as a result of deteriorating business conditions. The impairment analysis of long-lived assets and goodwill is ongoing, but the impairment charge is expected to consist of charges of $85 million to $100 million relating to goodwill, $10 million to $20 million relating to fixed assets and $2 million to $5 million relating to intangible assets. It is expected that all goodwill associated with the Company's operations in North America will be fully impaired.
None of the costs related to the write-down or write-off of assets are expected to result in future cash expenditures.
News for 'NOBL' - (DJ Noble Intl Sees 4Q Asset Impairment Chg Between $97M-$125M)
DOW JONES NEWSWIRES
Noble International Ltd. (NOBL) said Monday that it will record a fourth-quarter, goodwill and long-lived asset impairment between $97 million to $125 million due to dete riorating business conditions.
On a per share basis, the estimate would result in an impairment charge between $4.10 and $5.30, according to a filing with the Securities and Exchange Commission.
-Yogita Patel, Dow Jones Newswires; 202-862-1343; yogita.patel@dowjones.com
(END) Dow Jones Newswires
December 15, 2008 17:51 ET (22:51 GMT)
Copyright (c) 2008 Dow Jones & Company, Inc.- - 05 51 PM EST 12-15-08
Very nice list there Ronnie. NOBL is very lucrative down here for sure.
Followers
|
4
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
111
|
Created
|
12/12/08
|
Type
|
Free
|
Moderators |
http://www.nobleintl.com/home.html
Outstanding Shares: 23.67 million
Float: 6.9 million
NOBL is approximately 63% owned by Luxembourg-based metal giant
Arcelor-Mittal ( NYSE: MT )
ARCELORMITTAL 15,030,562 7-Apr-08
Institutional & Insider Ownership: http://finance.yahoo.com/q/mh?s=NOBL
Noble International, Ltd., through its subsidiaries, provides laser-welded blanks, tubular products, and roll-formed products for the automotive industry primarily in North America and Europe. The company's flat, tubular, shaped, and enclosed formed structures are used in various automobile applications, including doors, fenders, body side panels, pillars, bumpers, door beams, load floors, windshield headers, door tracks, door frames, and glass channels. It sells products directly to automotive original equipment manufacturers (OEMs) and companies that are suppliers to OEMs. The company was founded in 1993 and is headquartered in Troy, Michigan.
The Company operates 24 production facilities worldwide, including two joint ventures in China and one in India. Thirteen of its facilities are located in North America and the remaining 11 facilities are located primarily in Western Europe.
Noble is North America’s largest laser welder. We have delivered approximately 90 million LWBs for more than 50 vehicle platforms since 1992.
Engineers at our Technical Center develop new LWB applications in cooperation with automakers, giving us an advantage in expanding our market presence. We also maintain a technological edge, allowing us to pursue the most attractive opportunities. The Ford F-150 bodyside shown below is the first combined exposed and unexposed surface in a production blank, an example of Noble’s technical leadership in the laser welding industry.
**Customer Platforms by Vehicle Make & Model:** http://www.nobleintl.com/docs/08%2005%2028%20Customer%20Platforms_Website.pdf
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |