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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Avarae | LSE:AVR | London | Ordinary Share | GB00B137SQ61 | ORD 1P |
Bid Price | Offer Price | High Price | Low Price | Open Price | |
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Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
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- | O | 0 | 11.625 | GBX |
Avarae Global Coins (AVR) Share Charts1 Year Avarae Global Coins Chart |
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1 Month Avarae Global Coins Chart |
Intraday Avarae Global Coins Chart |
Date | Time | Title | Posts |
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01/3/2018 | 09:14 | Avarae Global Coins | 219 |
28/2/2009 | 01:52 | AVT (1/1/05 =7) ONE WAY=UP | 22 |
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Posted at 24/8/2015 06:23 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 15:00 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 15:41 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 18/1/2014 12:18 by skyship 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 c£11.5m-£12.0m of that cash balance they can add AVR's portfolio to that "high quality stockholding of rare collectibles"...14p/ |
Posted at 04/1/2014 15:03 by skyship Mach - as I posted on the CP+ thread in that extensive piece on LSR:"In Jan'13, 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... |
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 03/1/2014 08:32 by skyship Missed this very interesting RNS back on 30th December. Paul DeWinter - Head of Equity Trading at alternative asset investors Lansdowne Partners - buys 500k and in doing so passes through the 3% disclosure threshhold.May well not be a personal holding, but whatever, looks as though we're in good company...so much encouraged by this move. 30 December 2013 Holding in Company The Directors of Avarae Global Coins plc (AIM: AVR.L), the UK's only publicly traded company dedicated to investing in rare and high quality coins, were today notified by Mr Paul Dewinter that following the purchase of 500,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") on 19 December 2013, Mr Dewinter and his connected parties are now interested in 2,523,160 Ordinary Shares, representing approximately 3.1% of the Company's issued ordinary share capital. |
Posted at 12/9/2013 16:12 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 14:01 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). |
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