ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S. › ValueBuddies.com › Singapore Listed Companies › N - N
Noble Group

Noble Group

Thread Rating:
  • 3 Vote(s) - 1 Average
  • 1
  • 2
  • 3
  • 4
  • 5
CityFarmer Offline
Moderator
*****
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation: 64
#581
22-06-2016, 11:34 AM
Mr Market has voted as the coming EGM will approve the right issue proposal.  Big Grin

(not vested)
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Find
Reply
CityFarmer Offline
Moderator
*****
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation: 64
#582
24-06-2016, 11:52 AM
The company SGM, has passed the resolution of right issue, with more than 98% of FOR vote. The very first step to re-cap the company, is settled...

http://infopub.sgx.com/FileOpen/SGM%20po...eID=410092
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Find
Reply
CY09 Offline
Moderator
*****
Posts: 2,244
Threads: 26
Joined: Jul 2012
Reputation: 41
#583
11-07-2016, 07:00 PM
http://infopub.sgx.com/FileOpen/_Form%20...eID=412259

Seems like Chairman is selling the rights he is entitled to. Could it be due to the lack of money from his pocket as he has to pay bout 120 mil to exercise his??

Or is it he is not optimistic on Noble's future?
Find
Reply
CityFarmer Offline
Moderator
*****
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation: 64
#584
11-07-2016, 10:02 PM
(11-07-2016, 07:00 PM)CY09 Wrote: http://infopub.sgx.com/FileOpen/_Form%20...eID=412259

Seems like Chairman is selling the rights he is entitled to. Could it be due to the lack of money from his pocket as he has to pay bout 120 mil to exercise his??

Or is it he is not optimistic on Noble's future?

Mr. Elman has undertaken only 9.58% of total right issues, with entitlement of 22.28% of them, based on formal disclosure. The disposal is expected. Based on latest disclosure, more will be sold in the next few days, as trading period ending.

(not vested, and standing-by)
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Find
Reply
Bibi Offline
Senior Member
****
Posts: 928
Threads: 1
Joined: Oct 2010
Reputation: 10
#585
11-07-2016, 10:08 PM
(11-07-2016, 07:00 PM)CY09 Wrote: http://infopub.sgx.com/FileOpen/_Form%20...eID=412259

Seems like Chairman is selling the rights he is entitled to. Could it be due to the lack of money from his pocket as he has to pay bout 120 mil to exercise his??

Or is it he is not optimistic on Noble's future?

Hv to see next few days if he continues selling. Selling only $1.7 million worth of rights because he has to pay $120 mil doesnt make sense.
Find
Reply
CityFarmer Offline
Moderator
*****
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation: 64
#586
14-07-2016, 03:41 PM
Today, is the last trading day for Noble rights, but trading halted till now. There might be lot of pending trades, by nervous right holders, who have no fund to exercise them.
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Find
Reply
cfa Offline
Posting Freak
*****
Posts: 1,343
Threads: 49
Joined: Nov 2010
Reputation: 7
#587
14-07-2016, 03:59 PM
Those with naked short positions are really nervous now .
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
Find
Reply
desmondxyz Offline
Senior Member
****
Posts: 609
Threads: 1
Joined: Jan 2013
Reputation: 12
#588
14-07-2016, 05:13 PM
Most nervous should be Mr. Elman....
Find
Reply
Bibi Offline
Senior Member
****
Posts: 928
Threads: 1
Joined: Oct 2010
Reputation: 10
#589
14-07-2016, 05:32 PM
Should Elman be nervous? Or he can sue SGX for the lapse causing him losses and inconvenience?
Find
Reply
cfa Offline
Posting Freak
*****
Posts: 1,343
Threads: 49
Joined: Nov 2010
Reputation: 7
#590
14-07-2016, 05:42 PM
Investors should sue SGX for accountability , otherwise they will be spoiled and take thing for granted .
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
Find
Reply


Forum Jump:


Users browsing this thread: 5 Guest(s)