Embattled Noble Group firmly had investors on tenterhooks as media reports emerged of DBS bank cutting lending facility and the resignation of co-CEO. The double blows sent share price plunging to $0.198, below the $0.20 critical support level. Considering the fact that there was a 10 into 1 share consolidation done in May 2017, the adjusted share price is actually $0.0198.
Investors who had subscribed to the rights issue in last year would have lost their pants if they had held on to the shares until today.
A week before, the SGX-listed company reported a stunning USD1.17 billion losses for the third quarter. Losses for the nine months ending 30 September 2017 amounted to a scary USD3 billion. Prior to this, investors were already preempted about the gigantic loss on 23 October 2017. Nonetheless, the latest setback sent the shares into a tailspin. Is it really the end of Noble Group?
The frightening aspect of the latest results was the [This is a premium article. The rest of the content is blocked and can be accessible by SG Wealth Builder Members only. To read the full content, please sign up as member.]
Read my articles on Noble Group:
- Nightmare of Noble Group continues
- Noble Group’s horror show
- Noble Group new white knight?
- Will Noble Group shares see daylight again?
- Collapse of Noble Group share price
- Meltdown of Noble Group shares
- Noble Group will sink or swim?
- Is Noble Group doomed?
- Will Noble Group do an Osim or Swiber?
- White Knight for Noble Group
- Mayday for Noble Group!
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