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Noble mulls more disclosure initiatives

Despite company's reassurance and share buyback, stock resumes fall in the face of an S&P outlook downgrade

Published Fri, Jun 12, 2015 · 09:50 PM

Singapore

NOBLE Group said it is considering further disclosure initiatives as its shares suffered another blow on Friday despite the commodity trading group having made a share buyback.

The share rebound on Thursday proved short-lived as the counter buckled under the weight of news that Standard & Poors had revised its outlook on Noble from "stable" to "negative". The stock closed 2.8 per cent down at 68.5 Singapore cents on Friday, after trading between 65 and 70 cents.

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