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Avarae Share Chat - AVR

Share Name Share Symbol Market Type Share ISIN Share Description
Avarae LSE:AVR London Ordinary Share GB00B137SQ61 ORD 1P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00 +0.00% 12.38 12.00 12.75 12.38 12.38 12.38 350,000 07:31:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 1.6 0.3 0.3 39.9 10.00

Avarae Global Coins Bulletin Board

DateSubjectDiscuss
23/5/2015
12:01
Thnx BT - but very lonely here - hopefully another holder will post their views...
by skyship on Avarae Global Coins
23/5/2015
09:51
Closed out the week at 12.25p-12.75p - up 22%. Sold a third of my holding at 12.25p; will run the rest. Anyone got any ideas on what might Ian Goldfarb might be up to?
by skyship on Avarae Global Coins
12/12/2014
11:47
Market cap at a significant discount to NAV but why does the company have trade debtors of over £1m when the turnover is only £81,000?
by gifted on Avarae Global Coins
12/12/2014
07:18
Interims out today - NAV = 14.3p. Highlight for me is this bit: "Post period highlight: -- Sales of approximately GBP150,000 recorded with a gross margin above carrying value of approximately GBP60,000." Does make you wonder how understated the NAV might be! I thought £ to a p there would be a take-out bid here in 2014. Looks as though I'll have to roll that over to 2015. Clear benefits to SGI, including taking out the admin costs.
by skyship on Avarae Global Coins
01/10/2014
16:58
Ahh - thnx for that - pity!
by skyship on Avarae Global Coins
01/10/2014
16:15
Hate to tell you but they have not sold them. To sum it up the Custodian has changed meaning Rathbones have taken over as Investment manager at Jupiter.
by poacher45 on Avarae Global Coins
30/9/2014
17:35
Interesting RNS today. Jupiter dispose of their 9% holding - 7.37m shares. # But where have they gone? # Is this a precursor to the bid I'm sure will happen before end 2014?
by skyship on Avarae Global Coins
06/8/2014
09:26
Having spoken with the Company I expect the Prelims any day now. In the meantime, after today's announcement SGI is close to being all cashed up for a bid here: =============== "The Board of Stanley Gibbons is pleased to announce that contracts were exchanged on Monday 4 August 2014 for the sale of its freehold property at 11 Adelphi Terrace, London for a consideration of GBP4.5 million. Completion is scheduled to take place on or before 17 November 2014..."
by skyship on Avarae Global Coins
25/7/2014
16:41
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.
by skyship on Avarae Global Coins
25/7/2014
16:12
Prelims due - 19th July last year.
by skyship on Avarae Global Coins
18/1/2014
12:18
Extract from that SGI IMS: ========================= The Group balance sheet position as at 31 December 2013 includes net cash balances of approximately GBP17 million and a high quality stockholding of rare collectibles. The strength of the balance sheet provides the Group with a substantial capital base from which to invest in further growth opportunities identified by the Board. ========================= Well, for c11.5m-12.0m of that cash balance they can add AVR's portfolio to that "high quality stockholding of rare collectibles"...14p/share seems fair
by skyship on Avarae Global Coins
16/1/2014
21:41
Big volume today. Can the rise continue?
by mach100 on Avarae Global Coins
16/1/2014
14:08
A knock-on from the SGI (/NBL) update today?
by dashton42 on Avarae Global Coins
16/1/2014
13:34
Moving on up
by badtime on Avarae Global Coins
08/1/2014
17:10
Small tick up today Sky. Maybe the floor has been reached. But these shares with little newsflow are always vulnerable to tree shakes and bored sellers. Especially if you money is tied up for some time and the market is rising around you. Mind you they are a fairly good hedge if China or tapering causes a sell-off.
by mach100 on Avarae Global Coins
08/1/2014
09:03
Well, well, well............just seem something VERY interesting on Bloomberg. A review of the top performing hedge funds in 2013 shows Lansdowne Partners (our new 3% shareholder) came in second overall. We are in very good company it would seem.
by skyship on Avarae Global Coins
05/1/2014
08:23
CJ - will reply over on the APT thread...
by skyship on Avarae Global Coins
04/1/2014
21:20
Skyship: I notice you don't mention APT amongst the "liquidating company" sector holdings from which you are hoping for further good runs. Is that because you see an increasing risk of further writedowns or have reservations about management strategy/capability? Or simply that you think there are better plays in the ones you mention? I currently hold ACD and APT but am tempted to sell the latter and invest elsewhere given recent trends...any thoughts you have on APT would be appreciated.
by cousin jack on Avarae Global Coins
04/1/2014
15:03
Mach - as I posted on the CP+ thread in that extensive piece on LSR: "In Jan13, sensing that the economy was turning and that the fall may have been overdone, a rather secretive hedge fund named New Solera Holdings started to build a stake. By the end of August they held 20 million shares (24.24%); dropped back to 19.1m (23.15%) in November; then moved ahead again to 19.85m (24.07%) just last week. This was shortly after the Chairman announced, without any explanation, a cut in his stake from 9.3% to 6.4% by selling 2.4m shares at 24p. There was a corresponding undeclared buyer at 25p." Personally I'm totally relaxed by that part sale. Could be any number of reasons, inc. the more than the 1/share tax loss! I take the positive view that someone else bought that 2.4m...
by skyship on Avarae Global Coins
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