Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (37937)	5/20/2010 10:17:30 AM
From: Spekulatius	Read Replies (1) \| Respond to of 78751

re Noble Group NOBGF - kind of volatile lately - trading at 1.17 today -10%. From the news, it seems like the issue 6 new shares for every 11 old ones plus a dividend. Excluding the dividend, that would mean that each new share is worth 0.647x the old ones (11/17). It seems that the stock has trades inefficient on the first ex day (too high) and now has fallen (as the whole market did). Has anyone run the valuation # (PE, P/B) for Noble? I know that the balance sheet is 55% debt, so there is quite a bit of leverage there. the business is sort of a mix between BG and BHP.