"Trust" has gone in days, but regain in years.
The Chairman's statement is candid indeed...
(vested)
Noble Group hunts investor as profit seen up to two years away
SINGAPORE (Sept 19): Noble Group Ltd. is still seeking a strategic investor as the founder and chairman of the embattled Asian commodities trader says it will take as much as two years for a return to profit.
“A strategic partner is still very possible,” Richard Elman, who is due to stand down as executive chairman by June, said in an interview at the company’s headquarters in Hong Kong. “But it has to be at the right time and the right candidate.”
...
http://www.theedgemarkets.com.sg/sg/arti...years-away
(28-09-2016, 08:56 PM)CityFarmer Wrote: [ -> ]First insider trade, after the right issue?
Franklin Resources, Inc, acquired 25 million shares @ S$3.46 million (~13.8 cent per share), has increased its share from 5.8% to 6%.
http://infopub.sgx.com/FileOpen/_Form%20...eID=422764
it would be substantial shareholder i suppose? Franklin Resources has their staff as executive roles (like director) in this company?
(28-09-2016, 09:13 PM)weijian Wrote: [ -> ] (28-09-2016, 08:56 PM)CityFarmer Wrote: [ -> ]First insider trade, after the right issue?
Franklin Resources, Inc, acquired 25 million shares @ S$3.46 million (~13.8 cent per share), has increased its share from 5.8% to 6%.
http://infopub.sgx.com/FileOpen/_Form%20...eID=422764
it would be substantial shareholder i suppose? Franklin Resources has their staff as executive roles (like director) in this company?
It should be SSH, rather than insider. My apology. I write it, while doing regular check on the insider trades via shareinvestor.com. Mind and hand out-of-sync.
(vested)
Noble ($0.152) - Looks like the big game of this commodities company has just started. Possible $0.20 in a month or two time... Good Luck
(01-10-2016, 01:39 AM)crabcrab Wrote: [ -> ]Noble ($0.152) - Looks like the big game of this commodities company has just started. Possible $0.20 in a month or two time... Good Luck
Another round of pump and dump before the company goes kaput?
(01-10-2016, 12:21 PM)BlueKelah Wrote: [ -> ] (01-10-2016, 01:39 AM)crabcrab Wrote: [ -> ]Noble ($0.152) - Looks like the big game of this commodities company has just started. Possible $0.20 in a month or two time... Good Luck
Another round of pump and dump before the company goes kaput?
Why you think Noble will be kaput ?
(01-10-2016, 10:18 PM)cfa Wrote: [ -> ] (01-10-2016, 12:21 PM)BlueKelah Wrote: [ -> ] (01-10-2016, 01:39 AM)crabcrab Wrote: [ -> ]Noble ($0.152) - Looks like the big game of this commodities company has just started. Possible $0.20 in a month or two time... Good Luck
Another round of pump and dump before the company goes kaput?
Why you think Noble will be kaput ?
https://iceberg-research.com/
Read the iceberg articles then look at the quarterly. Look at what has happened to Noble the past year with the impairments, resignation of CEO, the rights issue and sale of some good assets.
Any investor bother to follow the events and has a bit of logic should be able to put 2 and 2 together and form a conclusion.
Mine is a high probability of Kaput (yes by kaput i mean end up like Swiber), you may of course form your own conclusion ;D
(30-09-2016, 08:09 PM)CityFarmer Wrote: [ -> ]Franklin Templeton Institutional, a SSH, acquired 8 million shares, with stake increased from 5.97% to 6.03%
http://infopub.sgx.com/FileOpen/_Form%20...eID=423089
wonder why do FTI do that... ??
they expecting the chinese bankers to bail out noble? :O