Shares & Derivatives
NOBLE GROUP AGM: WHAT HAPPENED?
By Singapore Stocks Investing (SSI)  •  May 1, 2017
I read on the internet that there was a massive walkout of Noble Group’s shareholders at the Special Meeting of Noble Group which convened after the Annual General Meeting of Noble Group yesterday (28 Apr 2017). It was reported that the walkout was to protest against the Group’s proposed share consolidation. I am not surprised at why the resolution to consolidate the shares was unpopular as shared with readers in a recent article here . Given the lacklustre performance of Noble Group stock; my personal observation that some stocks which had carried out stock consolidation before further went south in price post-consolidation; and the fact that Noble Group stock has borne the brunt of short-sellers before, it is likely that post-consolidation, Noble Group stock price might head south. I guess investors’ fears are the same as mine that post-consolidation; there might be more southward movement in the stock price, percentage-wise ......
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By Singapore Stocks Investing (SSI)
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