Shares & Derivatives
NOBLE GROUP: worth ten cents?
By Singapore Stocks Investing (SSI)  •  February 17, 2015
Yesterday, Noble Group stock went 7.9% south to close the trading session at $1.11. The reason for this southward move? A report by Iceberg Research which touched on Noble’s accounting treatment of its associates in relations to financial impairments and its profits. I think I have worded the above nicely for the actual words used were harsh. According to the same financial article I have read, Iceberg Research has put a price target of 10 cents on Noble’s shares. Noble Group’s episode reminded me of how another popular commodity stock on SGX, Olam came under similar “attack” from Muddy Waters Research some years ago. I am looking forward to a robust stand from Noble Group to the allegations to its shareholders. Personally, I am not vested in Noble Group stock, though I love the stock partly it is the stock which gives me the highest trading returns so ......
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By Singapore Stocks Investing (SSI)
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