The outcome of the report may or may not cause provisions to be made to the coming financial results. Share price would react, positively or negatively, based on the outcome.
Current share price (67 cents) is at the low, and how much lower can it goes is anybody's guess. If 4 cents dividend is maintained, the dividend yield is close to 6%. Is it time to invest for long term, or time to punt for short term?NOBLE GROUP: Has appointed PriceWaterhouse Coopers to conduct an assurance review of its marked-to-market models, valuations, and governance framework.
Prior to his retirement, Chan Kit Whye (left) worked more than 30 years as Regional Finance Director, Financial Controller and Manager in a multinational specialty chemical business. He has played an active role in CPA (Australia) Singapore Branch, taking up positions in its Continuing Professional Development and Social Committees. Kit Whye is a Fellow of CPA Australia, CA of Institute of Singapore Chartered Accountants and CA of the Malaysian Institute of Accountants. He holds a BBus(Transport) Degree from RMIT, MAcc Degree from Charles Sturt University and MBA from Durham Business School.