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Mothers, daughters, and the Noble Group rights issue

In a two-part series, we examine three trading points around a rights issue

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As Noble's new shares get listed this Thursday, we will see if they end up getting shorted below what seems like a strong support level of S$0.155. Also, its second quarter results should be out soon, providing another opportunity to trade.

WITH an additional half a billion US dollars just raised from a rights issue, Noble Group shareholders might yet see some light in the middle of a very long and dark tunnel.

Rights issues like Noble's are becoming more common as global growth slows and indebted companies need shareholders

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