We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Avarae | AVR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 11.625 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 11.625 | 11.625 |
| Top Posts |
|---|
Posted at 24/8/2015 07:23 by skyship Pretty good set of numbers:Profit on ordinary activities of increased more than 50% to GBP0.38 million (2014: GBP0.25 million) -- Recommended full year dividend of 0.15 pence per share (2014: 0.15 pence); -- Carrying value of portfolio of rare and high quality coins increased 5% to GBP11.14 million (2014: GBP10.62 million); -- Cash balance at period end of GBP0.88 million (2014: GBP0.17 million); and -- NAV per share increased for the 9(th) year in succession to 14.9 pence (2014: 14.5 pence). |
Posted at 20/5/2015 16:00 by skyship There is something interesting going on here.Back in Q4’13 Founder & CEO of Noble Investments (“NBL”), the ex-stockbroker Ian Goldfarb (“IG”), sold the coin, banknote and stamp dealing company to Stanley Gibbons (“SGI”) in a £45m deal. IG banked £4m – 75% in cash, the rest in SGI stock. He was appointed to the SGI main Board. A 13.1m holding in AVR (16%) was one of the assets which passed to SGI with the NBL takeover. Having received c422k shares in the takeover, IG was permitted to sell 30k @ 365p in Jan’14; then as soon as the lock-in arrangements expired he sold another 123k @ 300p in Nov’14. Less than 3months later in Feb’15, he resigned. Then today we learn that SGI has sold all its 16% AVR holding @ 10p. IG declares that he bought 9.1m, taking his controlled holdings to 10.1m – 12.5%. The other 4m (5%) is yet to be declared. So….what’ It could be that IG just fancies AVR as a classic asset buy as the Company’s NAV is c14.2p/share. The near 30% NAV discount certainly looks tempting. The more exciting upside comes from the likelihood that IG has other plans for AVR. No doubt he would have had to agree with SGI that he won’t be stepping too heavily on their toes; but nevertheless one has to remember that IG built up NBL from his initial investment of just £200k back in 2004; and sold out to SGI for a personal £4m in a £45m takeover. IG is an entrepreneur and ex-stockbroker. I suspect there may be an interesting future for AVR. The shares are difficult to BUY; but could well reward patient accumulation – if time… |
Posted at 25/7/2014 16:41 by skyship Interesting extract from the SGI Finals back on 27th June:==================== Coins and military medals Sales of rare coins and military medals for the fifteen months ended 31 March 2014 were GBP7.0m (year ended 31 December 2012: GBP1.0m) with profit contribution of GBP1.2m (2012: GBP0.2m). Sales included GBP2.5m from Baldwin's in respect of the Noble acquisition. The high level of growth achieved related primarily to the sale of rare coins from Baldwin's extensive stockholding, following acquisition in November 2013, to Stanley Gibbons' high net worth clients. ==================== Suggests to me that SGI should now do a reprise by buying AVR. |
Posted at 04/1/2014 10:16 by skyship Mach100 - all as per zangdook & poacher above. It is a bid that will release the value here; and post SGI's bid for NBL this is a highly probable "cleaning up loose ends" move for 2014.I don't give it a high allocation, but AVR is a good, secure investment with a possible sudden 25% upside in the short/medium term. |
Posted at 04/1/2014 03:41 by zangdook He won't have paid 1p - that's just the nominal value, as you suggestBut we don't know exactly what he paid, because there weren't any trades reported on the 19th, so it must have been done privately (unless AVR trades on isdx, but I can't find a page for it). |
Posted at 12/9/2013 17:12 by dashton42 Anyone aware of any ramifications of the proposed buyout of NBL by SGI on AVR? Other than that AVR would be advised by SGI/NBL in the future if the deal goes through? |
Posted at 05/4/2013 15:01 by dashton42 Do you know, I didn't realise, until I looked at the AVR website just now, that the company is advised by NBL. It's funny how everything is interconnected in the world of finance (and numismatics too, I expect). |
Posted at 05/4/2013 11:59 by dashton42 Nice work zangdook, this is now the official Montoya/AVR research thread!So, William Pears Group, of which Guy Walker is the Group Treasurer, largely seems to be a property company (hence Antipodean Supermarkets I suppose), but it also appears to have a London-based fund management division - Talisman Global Asset Management: "Talisman was incorporated in 1998 as the asset management arm of a single family, following the sale of real estate assets which provided £50m of investment capital in 1994 The current Talisman structure was established in 2001 with AUM of £250m Today Talisman has AUM of £1.8bn" I'm not sure if Talisman Global Asset Management has any connection to Montoya Investments Ltd., although your 2nd link shows that Guy Walker was the COO at Talisman. |
Posted at 05/4/2013 08:58 by dashton42 Indeed!That's what I'm wondering about AVR; if Montoya/Mr Walker/Mr Edwards consider that it's undervalued by the market, and a bit of activism may shake things up. Or else, possibly, a buyout. |
Posted at 05/4/2013 06:59 by dashton42 Ah, well done zangdook. Now we know who the players are, but I wonder what the rationale behind the avr holding is...? |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
