While already embatttled Noble Group stock might be preparing to forget year 2015 with the stock price already slumped by more than 60% from all criticism, negative reporting, earlier this morning, just as most of Singaporeans were still asleep, Moody’s dropped a bombshell on Noble, by cutting its rating to “junk”. So right from the get-set-go of the Singapore stocks markets, sellers were out in full-force, causing Noble Group to head south by around 9% to close four cents lower at forty cents a share!Investors who have stayed “loyal” to Noble Group stock might relate to the song below by Lighthouse family. I mean the lyrics (to stay motivated at the lacklustre stock price) as well as the wish for Noble Group stock to go “High” (the title of the song below):
But this time round, it is no longer Muddy Waters, Ice-berg research or some other ......