Noble Group managed to sell its US Energy unit at US$ 1bn
The Noble Group agreed to sell its US energy unit to Calpine Corp for US$ 800 million plus working capital, estimated at an additional $248 million to Calpine Corp, according to the news reported this morning.
It has also helped to explain the tremendous rally of Noble’s share price, which has surged more than 26% over last week alone.
CMC Markets Singapore
The recent small mid cap seems to be as hot as the China property market.
For example, Geo Energy Resources has risen almost 90% from $0.090 on 3 Aug to $0.170 last Fri. Some clients who do not typically trade are starting to pile into the market. They are buying small cap or penny stocks (which have already surged a lot) for the hope of selling them at higher prices.
HERE), I wrote that I continued to be cautious on the general market, while remain positive on selective stocks. Since 23 Sep, I have taken profit and reduced my allocation from around 54- 55% invested in the market to around 24% as on 7 Oct 2016.With reference to my write-up on 23 Sep 2016 (see
I reiterate my cautious stance in the general market while remain ready to accumulate selective stocks on weakness.
-- Ernest Lim, CFA, CA Singapore