The end of Noble Group?

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:

1. Nightmare of Noble Group continues
2. Noble Group’s horror show
3. Noble Group new white knight?
4. Will Noble Group shares see daylight again?
5. Collapse of Noble Group share price
6. Meltdown of Noble Group shares
7. Noble Group will sink or swim?
8. Is Noble Group doomed?
9. Will Noble Group do an Osim or Swiber?
10. White Knight for Noble Group
11. Mayday for Noble Group!

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