Skip to main content

Interesting media release by Noble Group in response to Peabody's bid for Macarthur

Noble Group (N21.SI) has issued an SGX statement creatively entitled It’s all very simple, making fun of Peabody’s tortuous case for buying Macarthur.

I found the media release interesting and is worth publishing here.

IT’S ALL VERY SIMPLE.

We at Noble read with interest Peabody's long and convoluted defense of their "indicative offer" for Macarthur.

Wow.

Their explanation of the merits of their deal went on for paragraph after paragraph and sure was hard to follow.

It reminds us a bit of Shakespeare in Hamlet, Act 3, Scene 2,

"Peabody doth protest too much, methinks."

They went on and on and on, but in fact, it is quite simple:

1. Take their cash if you don't believe in the future of coal. Keep in mind, if they weren't buying it cheap, even at 14 bucks a share, they wouldn't be doing it. We believe that coal is in a once in a multi-decade bull run. So do Peabody, which is why they are trying to get you to give them a great coal operation for their rapidly depreciating dollars.

2. If you believe in coal for the long-term, and want to stay in a company that intends to develop into the largest independent coal producer in Australia, vote for the Gloucester-Macarthur merger on Monday, April 12.

It really is that simple.

Media Release by Noble Group [via]

Popular Posts

How to stop FortiClient from starting automatically?

Installed FortiClient recently but the challenge in disabling the application/service from running automatically on every start-up annoyed me. Attempt to stop 'FortiClient Service Scheduler' only return 'Parameter is incorrect' error message.

An article on Technet help solve my trouble. To stop FortiClient from starting automatically, try the following:
Shut down FortiClient from the system tray.
Run net stop fortishield on command prompt.
Run msconfig.
On msconfig, switch to the Services tab. Clear the FortiClient Service Scheduler check box and click Apply.Run services.msc on command prompt to open up show all available services.Look for FortiClient Service Scheduler. Switch Startup type to Manual.Restart your computer. FortiClient should not be running automatically the next time round. Hope it helps.

Ho Ching named 5th most powerful and is mistaken as first lady by Forbes

Forbes named Singapore Prime Minister wife and CEO of Temasek Holdings, Ho Ching, as the 5th most powerful woman in the world. Ho Ching is mistaken as Singapore's first lady! OMG!

I wonder how can Forbes makes such a blunder. For a complete list, refer to here.

Google Suggestion "where is" - Najib, Rosmah - Malaysia GE17

The 14th Malaysian general election held on 9 May 2018 had concluded with the incumbent Barison Nasional (BN) voted out and Najib losing his Prime Minister position. Taking over the government is the opposition party with Dr Tun Mahathir Mohamad, a former Prime Minister of Malaysia, being sworn in as the 7th Prime Minister. Dr Mahathir is now 92 years old.

So where exactly is Najib and his wife Rosmah? Even Google is showing the below when I type "where is". I bet many people are now searching for this.