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Monday, June 1, 2009
Noble Grp

Noble closed at day high today. Next resistances are $1.71 and $1.78. Not an inducement to trade.

Corporate profile
:

Commodities supply chain manager

Noble is among the world's largest companies in the resources supply chain management business with revenue of US$36bn and net profit of US$577mn in 2008. It derives earnings from helping customers source over 20 types of energy, industrial and agricultural raw materials. It conducts operations in four business segments:

􀂄 Metals, minerals and ores (MMO): Sourcing, warehousing, processing and distribution of iron ore, alumina, aluminum, ferro alloys, manganese ores and chrome, and steel products.

􀂄 Agriculture: Sourcing, warehousing, processing and distribution of grains, soybeans, pulses, coffee, cocoa, sugar, cotton and fertilizer.

􀂄 Energy: Sourcing, warehousing, processing and distribution of coal and coke, clean oils, fuel oils, petrochemicals, and provision of environmental solutions (including carbon credit sourcing).

􀂄 Logistics: Chartering operations, technical ship management services and vessel ownership.
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