Noble up 2.2%; Switching from Olam: NRA Capital

Noble is up 2.2% at $1.14, extending Wednesday’s 3.2% rise. “There could be some switching out of Olam into Noble. Some investors may be positive on that segment, but may be uncomfortable with Olam’s gearing. I think Olam clearly needs to divest some of its assets to reduce the gearing,” says Kevin Scully, executive chairman at NRA Capital. Olam is flat at $1.44.