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Noble Group

Noble Group

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CityFarmer Offline
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#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)
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CityFarmer Offline
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#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
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CY09 Offline
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#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?
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CityFarmer Offline
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#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
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Bibi Offline
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#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.
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CityFarmer Offline
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#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.
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cfa Offline
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#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.
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desmondxyz Offline
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#588
14-07-2016, 05:13 PM
Most nervous should be Mr. Elman....
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Bibi Offline
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#589
14-07-2016, 05:32 PM
Should Elman be nervous? Or he can sue SGX for the lapse causing him losses and inconvenience?
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cfa Offline
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#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.
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