Noble Group was one of my first few purchases from the open market. Actually I do not remember now the reason why I bought Noble. Perhaps some hot tips? But during the days of the 1,000 shares per lot time, Noble was the first counter that I held more than a single lot size.
When I decided to embark on my dividend investment journey, Noble was the first counter that got the cut because of its low dividend payouts. I exited Noble with some profits when it was still a low $2+ stock.
Not that I am paying particular attention to the stocks that I have in the past, but Noble was always in the news. Muddy Waters, Iceberg reports and the non-stop procession of bad news keep Noble in the forefront of financial news.
Now the CEO had left and the Chairman is abandoning ship. And the issue of 1:1 rights at massive discount to the current share price. This is a sad story of a commodity giant turning into a penny stock.
Well, you win some and you lose some. I also cut off Raffles Medical which is turning into a big mistake now.....
aldy kick out long agooooooooo
ReplyDeleteHi Shawn,
DeleteThanks for the correction. Didn't really paid attention to Noble. Haha.
Cheers,
Farmer.
Hi,
ReplyDeleteNoble is already out of STI.
Regards,
FFE
Hi Passive income farmer,
ReplyDeleteThanks for yr article on noble. I also exited Noble at about $1.80, 1,000 shares at about $200+ loss back then. Also one of my very first few shares.
And actually, I think Noble is out already
http://www.straitstimes.com/business/companies-markets/straits-times-index-capitaland-commercial-trust-in-noble-group-out
Hi FFE and Eye of the Storm,
ReplyDeleteThanks for the correction. Didn't really paid attention to Noble. Haha. Corrected on the post.
Cheers,
Farmer.