Noranda Aluminum Holding Corp. (NORNQ)

[makinezmoney]

$NORNQ: Aluminum at 5yr high..... Chinese SupplyCuts Looming


https://www.reuters.com/article/us-global-metals/aluminum-hits-five-year-high-as-china-supply-cuts-loom-idUSKCN1BV1G4


$NORNQ

[guttrdr]

http://jamaica-gleaner.com/article/news/20170104/noranda-enters-long-term-contract-century-aluminum

[Lone Wolf]

You on crack!!!

[Handyman4545]

Bad advice Larson.
The stock market, like the casino's is gambling with slightly better odds. There are no guarantees.
If you choose to hold your shares and buy additional, that's fine for you but advising others to hold, much less buy is flat out bad advice.
While not a complete ZERO, this stock is sooooo far away from possible salvation that the better odds are to sell now for what ever you can get.

The company is dead in the water.
They have no assets,
They have no income making business,
They have no facilities to even start a money making effort in,
They haven't made any effort to keep their website up to date much less, their investor information, and most importantly,
They haven't even made any formal statement regarding the chapter 11 summation or for that matter, what their plans are now.

To benefit from any type of Trump affiliated money is wishful thinking at best and they would have to literally start over completely which includes retooling and new machining to make any of that happen.

To do that, they would need to raise new capitol themselves and the most obvious answer to that is to issue new stock and there are only two ways to do that;
1) Issue new, existing shares under the existing ticker thereby diluting the existing values or
2) Dissolve the existing shares and reissue new shares under a new ticker symbol.

Using method #1 to accomplish this makes no business sense under their current conditions. Why make any attempt to preserve the existing shares of a defunct business?

The Trump thing is a waste of time. His politics don't benefit bisness loans, they benefit business tax cuts. If you wanted business loans, you voted for the wrong person.
Assuming that Noranda has any desire to conduct business again, it would be in their best interest to dissolve the company completely and start a new company.

Added to the fact that they are currently camped in a strip mall, which logically would be a good location to wind down the business legal works economically, I'm sorry but there's just no logical argument for anything else to occur.

Best luck though in what ever course you choose.

As always, these are my OPINIONS and I'm not always right.

[Larson89]

Trump will turn this company around and get all those lost jobs back. All they need is a small gov. loan and boom back in business....and Trump is raising import tax 35% companies like Noranda will win on a even playing field and Trump has said it. So my advice is hold your shares and buy as many as you can as will back in the dollar market soon

[Handyman4545]

My sympathy Dude.
I lost less than a hundred. I bought a crap load of stock when they were selling off.

I agree with you though.
Sometimes you bite the bear and sometimes the bear bites you.
The magnitude of the accomplishment is directly proportional to the amount of risk involved in accomplishing it.

[boneraddler]

The company didn't move to a strip mall, that's where hq has always been. I have lost a ton of $ on Nor. But, as with anything, you have to take risks to reap rewards...this one just didn't pan out!

[Handyman4545]

I gave up this morning and sold out for what I could get.
No bad feelings.

What disturbed me most was the companies lack of announcement of emergence from chapter 11.
Then they pull their website off the internet (or let it expire, same thing).
Then to top that off, we get a post that the company has moved to a strip mall location. I assume that's just to finish up the pleadings prior to dissolving the business.

I've always known that the stock market was a gamble with better odds than Vegas.
On to other investments.

[boneraddler]

To my knowledge, they sold the name "Noranda" to DaDa, and Kip Smith wasn't retained. So I really have no idea what happens next...

[Handyman4545]

Has anybody visited the so called headquarters in the strip mall?
Has anybodys inquired as to what the plans are for the company and its existing shares?

[boneraddler]

I know first hand that Noranda has sold off all assets. That includes rolling mills, idled smelter, alumina refinery, and bauxite mine. They may still have office at strip mall in Tenn, but currently have no revenue generating capabilities...

[Handyman4545]

"Noranda is no longer the owner": I disagree...
In my "unprofessional" opinion that's all irrelevant.

I can find no mention in the pleadings going back to 4/9/2016 regarding dissolving existing shares in the company, an obvious indicator of continuance intent and in addition, is still reporting to the SEC on its shares status, nor has Noranda officially filed for dissolution.

To all outward appearances (I haven't actually been there), Noranda is still conducting business albeit at a much lesser profit than before.
Norand has sold off a great deal of its then, profitable money making businesses in order to pay down its unmanageable debt making it currently more streamlined than it was.

In addition,

The Chapter 11 case was closed by request and granted by the courts and the company is now poised to start operating in full again if it so desires.

Granted, the company is down several key manufacturing plants and businesses sold off to repay debts but the company and management are still APPARENTLY intact.

It is opin'd that Noranda is currently doing financial "housekeeping" by ridding the docket of all extraneous pleadings and motions before announcing the emersion from the court reorganization and re-start business again in whatever capacity they ultimately have in mind.

I welcome any additional opinions or refutes.

[boneraddler]

Noranda is no longer the owner. DaDa International bought the remaining upstream assets, and will only use the name with the addition of "New Day Aluminum" added. Not really sure how this works...assets were sold to 3 different buyers, DaDa, ARG, and Granges.

[Handyman4545]

Not necessarily.
The SEC prints a doc regarding chap11 companies that states amount other things that 1 in 10 companies that enter chap11 come out with shares intact.
The company must file with the court for permission to dissolve shares then file with the SEC to make it happen.
I haven't seen any of those filings yet and as of last Wednesday, Noranda was granted an order releasing them from the chap11.
If I'm not off base here, the shares survived the chap11 and should start generating interest as soon as Noranda issues a statement.

On the other hand. I could be way off and Noranda may have filed for dilution already and issue new stock next week.
It's always a crap shoot.

[boneraddler]

Selling all their assets....wouldn't the stock dissolve?

[Larson89]

Won't be long now back into dollars again company almost out of debt and still got a Hugh work force

[Larson89]

I don't know but one could speculate that they are trying to hold there heads above water until Metals go back up well guesd what Metals are going back up now....so watch out Miranda will be back in prifibility in no time...they are still running factories. Still have their customers and are still making money....check out how much all Metals have moved up in last 6 months....

[e2daD]

I wonder if they will sell off entire business...What could be there final plan?????

[Larson89]

Longs that stay strong will get there retirement right here when company announces profibility.

[Larson89]

Up up & away machines running 24/7

[e2daD]

When will the Q be removed?

[Larson89]

Yes i believe the company will turn around after the auction. Once they restucture they will be profitable again. Stock should steadily rise then.

[DeafTrader2]

NORNQ lowest of the year is .01999 and now it's stellar .07 pps... One of excellent pps for Q stocks ...

[Larson89]

Well hopefully with this 300million they will be able to pull out and get to making a profit. That only leaves them with 180mil debt now. Thats about like me buying a truck. My best advice is hold your stock.

[Sonic Boom]

Bill Clinton is a Piece of garbage, On May 12, 2015, the private equity firm Apollo Global Management announced it was unloading the remainder of its stake in Noranda Aluminum. Apollo had gained control of the Tennessee-based company in a 2007 leveraged buyout and had subsequently followed a familiar playbook in the cutthroat world of corporate takeovers: It saddled Noranda with the debt it had used to buy the company and then extracted large dividends. As Noranda struggled to stay solvent, Apollo eventually cashed out of the firm. In early 2016, the debt-riddled aluminum company declared bankruptcy, shut down its largest smelting plant in Missouri, and laid off hundreds of employees.

That same day in 2015 that Apollo disposed of its stake in Noranda, Bill Clinton pocketed $250,000 for a speech to one of its subsidiaries, Apollo Management Holdings.

http://m.motherjones.com/politics/2016/06/bill-clinton-gave-six-figure-speech-vulture-fund-apollo

[MikeBK205]

It's not trading, what gives ?

[PAUL_MARKOWITZ]

NORN looking North!!!!

[MikeBK205]

I put this into a ROTH, God willing it survives, I'm hoping for an awesome future of exempt tax haha

[PinkBu]

See Docket #0011:
http://www.kccllc.net/paragon/document/1610386160214000000000009

[PinkBu]

It's Paragon Offshore (PGNPQ)

[MikeBK205]

What's the other Q?

[Babydean]

Thank you. I need to do some research now.

[PinkBu]

I don't think this is similar to AAMRQ... but I could be wrong! Their Plan of Reorganization is due June 07, 2016, we'll know then. I'll be curious to see how they plan their emergence and if/how it includes distributions to shareholders.

Another Q I'm looking into is pretty interesting in that their plan does state that shareholders will receive 65% of the company when it emerges (AAMRQ shareholders received 74% of AAL). But the plan still needs to be voted on, hearing for that is April 06, 2016

Here's their Docket #0011:
http://www.kccllc.net/paragon/document/1610386160214000000000009

Other than that, haven't seen a Q as nice as AAMRQ's, LOL! But as long as we stay on top of these daily, there's still some nice plays.

[MikeBK205]

Do you think this is another AAMRQ?

[MikeBK205]

AAMRQ

[PAUL_MARKOWITZ]

The day we leave this prices draws nigh!!!!

[VortMax]

yeah so CENX has similar sales to NORN and their entire business is Aluminum Smelters. Once NORN sells its downstream and uses that money to significantly reduce its debt, NORN will be left with as a smelter doing $700M annually in sales. That's probably worth $50M to $100M to CENX.

So, CENX should buy NORN's smelter for about $75M IMO.

[DeafTrader2]

wow beautiful move just happened now...

[kt1120]

what date is that? almost a yr ago lol

[gm99]

Oh, that article was written on May, 2015. IF Noranda had found a buyer that time, it might have NOT gone so bad currently. It was a history!

Just wish it wouldn't be shut down by the management as they filed the unexpected bankruptcy, bud. The management is so dummy and does NOT CARE about shareholders at all. They should have been kicked out last year!!!

[VortMax]

http://seekingalpha.com/article/3189616-noranda-aluminum-buyout-candidate

[kt1120]

NORNQ great short :)

[VortMax]

only 8 cents down potential and $10.00 up potential IMO. That would be a $100M market cap for a company doing $700M of alumina production yearly as alumina prices constantly rise for the next 5 years.

[VortMax]

the downstream part NORN is on page 12. Does $555M in rev and $60M profit annually. They are selling this. That should bring in $300M I say.

http://investor.norandaaluminum.com/phoenix.zhtml?c=220051&p=irol-presentations

$700M in rev will be left with NORN as an alumina manufacturer.

creditors don't want to lose the $300M in NOLS so they will let the common stock stay.

The first $300M in profit will be tax free and the creditors will get paid back much faster.

[VortMax]

NORN had a market cap of $1B 4 years ago when aluminum was 90 cents per pound. it is 69 cents per pound today and going up.

only 30% higher to get to 90 cents which is forecast by all analysts on aluminum in the coming years.

[VortMax]

creditors here are allowing for the sale of the downstream business which would leave just the smelting plant, a mine, and a refinery.

I don't think the creditors want stock in that. They want the downstream to be sold and that money used as exit financing.

NORN will stay the same as a smaller and leaner business producing aluminum, not aluminum products. There are $300M in NOLS here worth $100M as a tax asset.

http://www.salisburypost.com/2016/02/17/noranda-likely-to-sell-downstream-business/

[PAUL_MARKOWITZ]

Overseas holding OSG filed for bankruptcy 2-3 yrs ago... it traded under the ticker OSGIQ while in Bk... I told guys there were inidcators of the comp. emerging from bk with all equities intact; they didn't believe me... A year later the comp. emerged from Bk and the stock rose from 30cts to a $6...

Nobody know what will happen here for sure.. but we sure have a good number of trading days with us...

[gm99]

That makes lots of sense! Go check ZINC* which fild bk recently and it went to $0.33 from $0.07, while it has 60 m O/S and stopped all operations.

NORNQ, with just 10 m O/S, will and should go to $0.30's - $0.50's ranges.

[$Pistol Pete$]

$NORNQ Intraday Analysis

http://www.windchart.com/stockta/analysis?symbol=NORNQ&country=USA&cobrand=stockta

[VortMax]

there are hints everywhere in the balance sheet and investor page that the commons may stay. just have to see the future. look at how accurate all of these were from 2011. they ALL forecast price drops and bottom in 2016, and then up for the next 10 years.

aluminum bottomed about 3 to 6 months ago


http://knoema.com/ffzioof/aluminium-prices-forecast-long-term-to-2025