Greetings to you guys ! As most of you probably have already heard, Noble Group had just last week announced their rights issue of 1-to-1 priced at SGD0.11 per share. Of course this was before the news of the Company CEO Yusuf Alireza stepping down, the sale of Noble Americas and the stepping down of long-time chairman and Company founder Elman.

What a tumultuous year it has been for Noble. I mean seriously ? How much shitty luck could ONE company possibly have ? Or is there really more to Noble than just shitty luck ? I mean think about it, the sequence of events thus far :

  • Iceberg Research (a rumored 3 man setup of Noble’s ex-employees) coming out the sensational report that Noble was essentially cooking up their books and not reflecting their true values back in February 2015. Noble Group of course denied this vehemently and hired accredited accounting firms …