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15-06-2015, 05:20 PM
Noble mulls more disclosure initiatives
- Despite company's reassurance and share buyback, stock resumes fall in the face of an S&P outlook downgrade
"The board, amongst other areas, is looking at introducing further initiatives around disclosure and the use of additional oversight of some balance sheet items," Noble's head of corporate affairs Stephen Brown told The Business Times in an e-mail.
The group is also conducting an internal review of its business to downsize or close underperforming units, while growing those with the best returns.
"Even as we continue to pursue our growth initiatives, we are also mindful that the returns on the capital we deploy have to generate strong returns for shareholders," he said in response to queries by BT on Noble's plans to defend its share price and address investors' concerns.
BT piece from Saturday: http://btd.sg/1TnhGkJ
- Despite company's reassurance and share buyback, stock resumes fall in the face of an S&P outlook downgrade
"The board, amongst other areas, is looking at introducing further initiatives around disclosure and the use of additional oversight of some balance sheet items," Noble's head of corporate affairs Stephen Brown told The Business Times in an e-mail.
The group is also conducting an internal review of its business to downsize or close underperforming units, while growing those with the best returns.
"Even as we continue to pursue our growth initiatives, we are also mindful that the returns on the capital we deploy have to generate strong returns for shareholders," he said in response to queries by BT on Noble's plans to defend its share price and address investors' concerns.
BT piece from Saturday: http://btd.sg/1TnhGkJ