Noble Investments Share Discussion Threads

[dashton42] 06/9/2011 07:04

"...The Board expects the Group's financial performance for the year ended 31 August 2011 to significantly exceed market expectations. "

Now THAT'S the sort of trading update I like to see!!!

[battlebus2] 05/9/2011 20:37

Yes in this case but some of my other stocks are being hard hit ATM. I have a policy of not selling unless the company themselves are performing badly and will stick rigidly to it. Noble certainly are doing the business and with that premier collection auction next year it can only get better.

[greek islander] 05/9/2011 19:42

Shares Club just increased already substantial holding with plans to buy more. I also have been adding.
Well in profit - this is a little diamond! Everything else going down, this one just keeps improving. Aren't we clever!

[battlebus2] 05/9/2011 19:37

Just on the edge of a new high. Looking good for £2 imv.

[greek islander] 10/6/2011 09:07

There she blows.........................

[greek islander] 09/6/2011 18:38

Yes after treading water for a while. About time for another surge forward methinks!
One of the most solid prospects on the market. Just keeps ticking up!

[battlebus2] 09/6/2011 17:29

Touching those highs again.

[battlebus2] 23/5/2011 18:30

Nice spot LBO that's why i'm holding both.

[lbo] 23/5/2011 12:15

Coining it in
Meanwhile, activity in the rare coin market has remained brisk due to an influx of new buyers. This was evidenced last year when a 1794 US silver dollar coin was sold for a world record $7.8 million, and a unique 1943 Lincoln coin achieved $1.7 million.

For exposure to both the coin and stamp market, turn to AIM rival Noble Investments. The quantum leap for Noble was the £4.5 million acquisition in 2005 of renowned coin dealer AH Baldwin. This was the last remaining family-run coin dealer and auctioneer in London, and now provides the bedrock to the business.

Auction premium
Noble produces a bi-annual catalogue of fixed-price coins that span gold, silver and bronze. They include Anglo-Saxon, Roman, Greek and a host of overseas coins. In addition, up to 20 auctions are held each year, where it charges a buyer's premium as well as a vendor's commission.

Built like Fort Knox, the head office site has an extremely valuable collection of coins that is likely to be worth considerably more than their book value. Noble acquired Lingfield-based Apex Philatelics to move into the stamps market. This business sells stamps from as little as £50 and undertakes four postal auctions a year. It boasts a collection of stamps that weighs four tonnes. Noble is currently looking at three potential acquisitions to augment future growth. CEO Ian Goldbart argues, 'Our main constraint is not demand but the supply of material.'

In the six months to 28 February, pre-tax profits leapt 40 per cent to £1.5 million, but revenues slipped 8 per cent to £6.5 million due to the absence of a one-off sale in the comparative period. However, Noble achieved increased profits due to strong trading in both retail and auctions.

In addition to its expertise in the coin market, Noble also owns a valuable freehold property. House broker WH Ireland has upped its full-year forecasts to pre-tax profits of £2.6 million and EPS of 13p. At 154p, the shares provide a prospective yield of 2.7 per cent.

Noble also has a numismatic adviser arrangement, and 16 per cent shareholding in global collectable coin firm Avarae Global Coins, also traded on AIM. Continued investment in rare and high-quality coins helped Avarae report a tenfold hike in sales to £923,000 in the six months to September. However, of more interest is the last reported NAV of £9.8 million, or 12.6p a share – a huge variance from the current market price of 8.75p.

[greek islander] 13/5/2011 10:22

Yet another new high reached today

[greek islander] 09/5/2011 10:07

Almost back at our highpoint. This steady share price gain is excellent and bodes well for 200p. Seems an inevitability.

EDIT Reached it I think today Wednesday 11th. The rise just seems inevitable

[dashton42] 07/5/2011 12:56

Another positive "Bargain Hunting" article by Simon Thompson in this week's Investor's Chronicle:

"...Mr Burns (WH Ireland analyst) has a fair value estimate of 192p a share, which is very reasonable, and I continue to rate the shares a strong buy"

[battlebus2] 03/5/2011 18:36

Not likely to forget those numbers G.I.

[greek islander] 03/5/2011 17:52

13/4 lest we forget:

"Profit before taxation up 40% to GBP1,517,000 (2010: GBP1,085,000)

- Basic earnings per share up 49% to 7.47 p (2010: 5.02p)

- Interim dividend up 30% to 1.75p per share (2010: 1.35p per share)

- Strong ungeared balance sheet with net assets of GBP13.99m (2010: GBP13.73m)"

[lbo] 27/4/2011 12:22

Stanley Gibbons Q1 like-for-like sales up 24%

[pillion] 25/4/2011 19:51

An excellent company imho
Gold Cross to die for
More miles in the tank ?

[battlebus2] 24/4/2011 20:58

Yep still a buy.

[lbo] 24/4/2011 20:18

Broker's estimates look low - Noble has plenty of, as yet, unsorted stock from the Baldwin acquisition several years ago that could justify upgrades. But, based on them, the shares trade on 12 times expected earnings, which looks cheap given the growth prospects. Buy

[lbo] 13/4/2011 09:23

Noble Investments H1 Pre-tax Profit Rises

[battlebus2] 13/4/2011 07:46

Fantastic results as expected via their update. "I am delighted to be able to report record profits at the interim stage, indicative of the strength of the markets within which we operate. The 40% rise in profit before taxation is particularly pleasing and the 30% rise in interim dividend reflect these results, together with the Board's previously stated commitment to a progressive dividend policy.

We continue to see strong demand for high quality rarities and our ability to source and purchase inventory remains of paramount importance in order to protect our position within the world's numismatic hierarchy.

The Group's GBP14m ungeared balance sheet allows us to hold a large stock and offer our clients a wide selection of stamps, coins, commemorative and military medals, banknotes and tokens. We continue to evaluate acquisitions and are actively looking to hire additional specialists. The first half results have laid a strong foundation on which to build and we look forward to reporting to shareholders further progress during 2011".

Still a strong buy till £2 imv.

[lbo] 06/4/2011 10:51

WHI Securities initiated coverage on Noble Investments (NBL) with a "buy" recommendation and 174p target price. The group is somewhat anomalous in that it combines a profitable and growing rare coin and stamp business with an asset-backed investment, thus potentially lowering the overall holding risk to an investor. Whilst there are other collectibles businesses on the market, the broker estimates that the firm's net asset position is substantially understated in the accounts and pretty much underpins the current market capitalisation

[48broker] 19/3/2011 15:15

I agree with Skyship. Recommended as a buy with Investors Chronicle recently.

[battlebus2] 19/3/2011 14:33

Skyship i'm sorry but 127p is way to low and off the radar never mind chart so i hope your wrong. Look how SGI has falLen but NBL has held up very well.

[skyship] 19/3/2011 12:13

GI - Personally I'll be waiting for a slightly further fall. At the moment we're sitting on the rising 50day MA, but it could be said that it has advanced too far from the 200day MA. The FIBs fall as follows:

38.2% retracement = 136p
50.0% retracement = 127p
61.8% retracement = 119p

With the indicators likely to cross into negative territory, I'm waiting for that 127p level...