Noble......heading towards S$0.10??

[Runifyouhaveto]

Well run, most likely is after the rights excercise, give it 6 months or so, they will do a reverse stock split. 13 billion to 1.3 billion....

Price from s$0.18 to s$1.8 but your shares will be from qty of 100k to 10k.

But everybody is happy their share price is now s$1.80, no more penny stock, no........ Hahahaha.

Forced Share-merge by SGX is a headache which WILL cause further selldown.
Today's Noble price is 23cents, theoretical ex-price after rights issue will be below 20cents.

When it was trading at 29cents a week ago,
Noble, should have offer the rights at 22cents and maybe at 1-for-2 terms, so that they can raise the same amount of money without making them vulnerable for the stupid SGX requirement to sustain share price above 20cents.

 

[lifeafter41]

Forced Share-merge by SGX is a headache which WILL cause further selldown.
Today's Noble price is 23cents, theoretical ex-price after rights issue will be below 20cents.

When it was trading at 29cents a week ago,
Noble, should have offer the rights at 22cents and maybe at 1-for-2 terms, so that they can raise the same amount of money without making them vulnerable for the stupid SGX requirement to sustain share price above 20cents.

I believe they have thought about that......
Price at 29 cents, rights at 22 cents even though 1 for 2, discount at 25%
Price at 29 cents, rights at 11 cents, though at 1 for 1, DISCOUNT at 63%, sound better....easier to sell to investor though finally amount raised is the same.......'

What do you think?. Hahahahaha.

 

[Runifyouhaveto]

I believe they have thought about that......
Price at 29 cents, rights at 22 cents even though 1 for 2, discount at 25%
Price at 29 cents, rights at 11 cents, though at 1 for 1, DISCOUNT at 63%, sound better....easier to sell to investor though finally amount raised is the same.......'

What do you think?. Hahahahaha.

That's the only explanation - good for company bad for investors
I reiterate that investors will cry when it trades below 20cents ex-rights because of SGX's requirements.

 

[poore]

That's the only explanation - good for company bad for investors
I reiterate that investors will cry when it trades below 20cents ex-rights because of SGX's requirements.[/QU the reason they price so low is becos they worried if the rights too high,eg 22cts and the share price fall below that , nobody will want the rights and the whole deal will collapse and even worse fear will bring the share price to a super low..

 

[lifeafter41]

That's the only explanation - good for company bad for investors
I reiterate that investors will cry when it trades below 20cents ex-rights because of SGX's requirements.

Ah run, now before ex rights, it's already at 0.205/0.21...........

 

[Runifyouhaveto]

Ah run, now before ex rights, it's already at 0.205/0.21...........

On brighter note, we should praise the management for offloading a big chunk of assets prior to Brexit at better prices.

A proper helpful rights-issue becomes so toxic because of the nonsense SGX 20cents minimum trading price.

Take care brother L41.

 

[lifeafter41]

On brighter note, we should praise the management for offloading a big chunk of assets prior to Brexit at better prices.

A proper helpful rights-issue becomes so toxic because of the nonsense SGX 20cents minimum trading price.

Take care brother L41.

Thanks run.....

 

[Runifyouhaveto]

ex-rights today.