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Noble-Iceberg saga lessons: Part 2

Thursday, May 18, 2017 - 05:50

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After adjusting for Noble's recent 10-to-1 share consolidation, the current comparable price is S$0.0695, way below Iceberg's S$0.10 target.

FEW in the market might remember this, but when research firm and self-proclaimed whistle-blower Iceberg Research first took aim at commodities firm Noble Group back in February 2015, Noble's shares traded at S$1.20 apiece versus Iceberg's target price of S$0.10, a level that many dismissed as

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