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Noble avoiding real issues: critics

Stock hits 11-year low amid renewed selling pressure

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Published Tue, Aug 18, 2015 · 09:50 PM
    Shorts building up (July 10 - Aug 17)

    Singapore

    SHARES in Noble Group came under renewed selling pressure on Tuesday as critics shrugged off the commodities trader's latest effort to shore up investor confidence.

    Commenting on Noble's Investor Day effort on Monday to explain its business to analysts, bankers, shareholders and journalists, critics insist that Noble has yet to address the real issues, such as the proportion of its profits from fair valuation of mark-to-market contracts.

    noble group

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