Noble Group

(30-07-2015, 11:12 AM)Behappyalways Wrote: once the share buyback mandate is fulfilled the share price will collapse.

not vested

The mandate is 10% of outstanding shares, and the "score" is 2.8% now. The "cost" up-to-date is $131 million, and should be able to sustain, with its cash reserve.

Let's see, as observer

(not vested)

share buyback helping bailout connected people? Noblegate?

one thing for sure, they can buy whatever they want and accelerate their path to the ground...

(30-07-2015, 11:12 AM)Behappyalways Wrote: once the share buyback mandate is fulfilled the share price will collapse.

not vested

(30-07-2015, 11:25 AM)CityFarmer Wrote:

(30-07-2015, 11:12 AM)Behappyalways Wrote: once the share buyback mandate is fulfilled the share price will collapse.

not vested

The mandate is 10% of outstanding shares, and the "score" is 2.8% now. The "cost" up-to-date is $131 million, and should be able to sustain, with its cash reserve.

Let's see, as observer

(not vested)

10%?

that's almost 500M budgeted for share buybacks?

(30-07-2015, 01:24 PM)dxdx Wrote:

(30-07-2015, 11:25 AM)CityFarmer Wrote:

(30-07-2015, 11:12 AM)Behappyalways Wrote: once the share buyback mandate is fulfilled the share price will collapse.

not vested

The mandate is 10% of outstanding shares, and the "score" is 2.8% now. The "cost" up-to-date is $131 million, and should be able to sustain, with its cash reserve.

Let's see, as observer

(not vested)

10%?

that's almost 500M budgeted for share buybacks?

I reckon the amount should be much lower. The share-buy-back, should be accumulating at low, rather up or flat, right?

I'm looking forward to see Noble to be kicked out from STI.....

Thats an interesting propostion. Upon Noble's announcement of leaving the index, many ETF and fund managers will have to offload the shares on the day of change. It will invite more shorting. I wonder how will Noble react to that.

Another company which I think will be removed is Golden Agri. The problem is that too many of the replacements constituents are property counters with the exception of YZJ.

From the crisis, thus far, I am of the view that Noble has been too agrressive in recognition and likely will be taking more impairment. Especially for their coal investment whose share prices and profitability have taken a beating due to the commodities fall out.

Noble’s shares on loan, a measure of short interest, have risen above 9%, according to Markit. To fight that pressure, Noble has countered by aggressively buying back its own stock. That may have limited the damage over the past month or so. But under Singapore Stock Exchange rules, Noble can’t buy back stock in the two weeks leading up to its earnings announcement, which is scheduled for Aug 13. That no-trading “blackout” period started Thursday.

http://blogs.wsj.com/moneybeat/2015/07/3...ross-moat/

(31-07-2015, 07:56 AM)grubb Wrote: Noble’s shares on loan, a measure of short interest, have risen above 9%, according to Markit. To fight that pressure, Noble has countered by aggressively buying back its own stock. That may have limited the damage over the past month or so. But under Singapore Stock Exchange rules, Noble can’t buy back stock in the two weeks leading up to its earnings announcement, which is scheduled for Aug 13. That no-trading “blackout” period started Thursday.

http://blogs.wsj.com/moneybeat/2015/07/3...ross-moat/

So for next two weeks there is nothing much company can do to support the price. Only third party like Mr. Temasek can come in to help.

Very tempted to make a bit of short term profit by shorting Noble for next couple weeks, looks like a no brainer at this point in time, but alas not my cup of tea

Noble Group's 5-year share price chart...
https://sg.finance.yahoo.com/echarts?s=N...I;range=5y

All I can say is that as a supposedly blue-chip, Mr Market thinks Noble Group is far from it and not noble at all!

NOBLE GROUP LIMITED General Announcement::TRADE WITH CAUTION

30 Jul 2015 02:58:12 PM