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NEW *NOBLE GROUP* OFFICIAL THREAD (SGX: CGP)

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Old 05-05-2017, 01:43 PM   #16
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one minute u say up, the next minute u say down, good commentary!
first one was a commentary
2nd was a prediction based on that movement
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Old 05-05-2017, 03:49 PM   #17
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sorry for a newbie question - Noble's XE only means for "Entitlement" of 10->1? like this also called "Entitlement"?
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Old 05-05-2017, 05:12 PM   #18
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bearish close today at 1.27
next week support will be tested at the 1.20 & 1.12 level during this consolidation phase. Next friday result release!
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Old 05-05-2017, 05:13 PM   #19
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sorry for a newbie question - Noble's XE only means for "Entitlement" of 10->1? like this also called "Entitlement"?
don't think you should take it literally lol!
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Old 05-05-2017, 06:35 PM   #20
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don't think you should take it literally lol!
eh.. so do we have to do anything for this stock ah? I heard about the consolidation but I didn't do anything. I bought it when it was priced higher than this consolidated price.. FML..
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Old 05-05-2017, 06:45 PM   #21
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eh.. so do we have to do anything for this stock ah? I heard about the consolidation but I didn't do anything. I bought it when it was priced higher than this consolidated price.. FML..
not really. tuesday night they will release our consolidated stock at all our brokerages if Im not wrong. So can trade it on thursday/friday. Cuz wednesday is a public holiday. See results on friday - expect it to be flat or negative but not much movement cuz pushed down so much already
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Old 05-05-2017, 08:27 PM   #22
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换汤不换药........
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Old 05-05-2017, 09:11 PM   #23
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first one was a commentary
2nd was a prediction based on that movement
like tat also can
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Old 05-05-2017, 10:24 PM   #24
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like tat also can
haha yup
we have seen more questionable behaviour around these parts to be honest
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Old 05-05-2017, 10:36 PM   #25
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Will be setting a TP of S$1.80 for Noble by this year. May to June will probably be a difficult month with prices trending flat or down (depends on macro environment)
Noble currently trades at 0.30 Price-To-Book which is very low. Downside is probably another 10-20% at most as its already ranging in a ratio where companies are going bankrupt (thanks shortists )
Set a stop loss and trade for the mid term and we should be able to see the sun soon with improving fundamentals, liquidity & profitability
As for next Friday's result - the way Noble is trading the stock has priced in some probability of a dull/lousy result already. We shall see then how the company is progressing with its financials and profitability

Next Week (will test support at 0.120 and lower support at 0.112)
Mon-Tues - probably trending down/consolidating
Tues night - Consolidated shares released
Wed - Vesak day Holiday cant trade
Thurs-Fri - Lots of volatility expected once people get their shares to sell. Or buy more. Probably will be able to get a super good entry compared to now. Prices generally expected to be lower
THURS NIGHT - RESULTS OUT. MY BAD (EDITED)

Just my 2 cents. Also depends on when BB when to act

Following week - ???

Last edited by king2penn; 06-05-2017 at 09:48 PM..
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Old 06-05-2017, 06:56 PM   #26
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how reliable is Noble's reported book value?
according to ML, derivatives contracts still not written down
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Old 06-05-2017, 08:58 PM   #27
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how reliable is Noble's reported book value?
according to ML, derivatives contracts still not written down
That's why it is trading way below NAV.
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Old 06-05-2017, 09:40 PM   #28
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how reliable is Noble's reported book value?
according to ML, derivatives contracts still not written down
Not ML, iceberg. Iceberg are a company that makes their money from shorting stocks. So take their reports with a large pinch of salt
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Old 06-05-2017, 11:00 PM   #29
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what happened to yyhwin?

long time never see him promoting noble liao
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Old 07-05-2017, 09:07 AM   #30
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I think this is where the rumours about SinoChem come from
Even if they are not true, Noble's position as one of the biggest commodity traders will always be of interest to China & Chinese companies due to the need for energy security
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