SGX temporaily ceases trading (14 July 2016) at 1138 hrs - How will this hit Noble Group traders? Are speculators caught?

SGX temporarily ceased trading today 14 July 2016 at 11:38 hrs.
First Announcement (11.50 am)

1st Update at 12:39 hrs - says that trading expected to resume at 1400 hrs.
1st Update at 12:39 hrs


2nd Update at 13:53hrs - that trading not ready to resume due to
ongoing reconciliation.
2nd update at 13:53 hrs






How is this going to affect Noble Group rights traders today?

Oh dear...  how is this going to affect traders and speculators of Noble rights shares?   The rights cease trading today 14 July 2016 at 5.00 pm!

For those traders and speculators who are still caught with the rights shares without the intention of holding on to them or subscribing to them, they must be sweating it out right now.

If the trading halt is not lifted, they will have no option but to subscribe to the rights or forfeit them.

Noble Group is certainly not having much luck these days.  What a day for something like this to happen....




3rd Update at 15:22 hrs - 

SGX confirms that order and trade executions are accurate.   The market will resume trading at 1600 hours and open per  normal on 15 July 2016. 3rd Update at 15:22 hrs A lifeline opens for those who are still exposed, 1 hour to clear all oustanding trades!  GOOD LUCK to all.

Time is 16:03 hrs

The 4.00 pm scheduled resumption of trade has passed.  Market still halted.   
What's happening....

Update 4 - 16:03 hrs

SGX informs that the market will not resume trading at 1600 hours  and will not re-open today.

4th Update





Oh dear.   The worst scenario has happened.   Market is not going to reopen today!   My goodness.. what's going to happen to those with outstanding positions in Noble's Rights shares??

Dreadful!   Will a lot of speculators and traders be caught? ...........


Final Update (15 July 2016)

Good News!   SGX has given Noble a reprieve.  Noble rights trading has been extended for a further day on 15 July 2016.     Good luck to all investors, speculators and traders.    

[ Richard Elman's outstanding position is as follows:   Rights entitlement (as of 30 June): 1.46 bn; Rights holdings (as of 13 July):  889.5m,   Outstanding excess rights: 263.6m)