03/11/2006
Coin dealer Noble Investments UK has been a sterling performer since I recommended it here it in 2003 and early 2004 at 32.5p and 44.5p respectively. The shares are now 132p and continuing to look decent value following a massive jump in turnover, a rise in profit from £119,000 to just over £1 million and a trebling of earnings per share to 5.8p a share. This reflects the acquisition of Baldwin’s in November last year and an expansion in the number of auctions held.
Chairman Ian Goldbart says further organic growth is expected in a market for rare coins that is clearly booming. Bolt-on acquisitions are also on the cards. Continue to hold.
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| 28/04/2006
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| AIM | £12.49m |
79.25p
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5.25p
|
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| Other company articles: |
| 06/11/2008 |
| 21/08/2008 |
| 01/11/2007 |
| 20/08/2007 |
| 03/11/2006 |
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