NOBLE GROUP STOCK: MY VIEWS AND EXPERIENCES

Dear readers, Noble Group had that meet-or-break meeting on Monday 27 Aug 2018 where shareholders voted in favor of Noble Group’s proposed restructuring of its businesses. After the trading halt was lifted yesterday, Noble Group stock price went up to an intra-day high of $0.159 from the price of $0.15 before trading halt; however the stock price dived to a low of $0.11 before closing the trading day 14.1% lower at $0.128. With such a volatility ever after shareholders approved of Noble Group’s restructuring, I think it is better for investors to stay clear of this stock; just my opinion.

I know that some investors who are already vested in Noble Group stock may want to buy the stock now in order to dollar-cost-average their positions in the stock after the clarity from the approved restructuring plan. But I think Noble Group stock is not out of the woods yet; it needs to deliver to regain investors’ trust and confidence in its business and the best deliverables are a set of improved results.

I have sentiments for Noble Group stock since this was my first stock bought when I entered my investing journey back in 2010 and which has also made me the first profits of some $500 in capital gain. Noble Group stock was or seemed to be a good stock back then and I have made some trading profits trading this stock for the past few years before those plunges and dives of the stock price began. I was caught flat-footed and my investment of $2,700 has been locked in till now and I lost 90% of my capital in paper losses. Lucky, the amount has not been larger. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.