Noble Investments Share Discussion Threads

[ohisay] 07/7/2009 18:26

Found an old link for NBL.

[skyship] 30/4/2009 08:53

Thnx for that

[edcrane] 30/4/2009 08:46

Collins Stewart published the note

[skyship] 30/4/2009 08:11

Ed - could you tell me whose note that is?

Managed to buy 5k cheap first thing, but kicking myself for not getting more yesterday when I looked at it again, having sold at this level back in January!

Wondering whether to pay up for another 5k...

[edcrane] 30/4/2009 08:07

Here is a summary of a note issued by Collins Stewart this morning

BUY | Target: 120p | Price: 77p | UK | Leisure | 30 April 2009

Attractive growth opportunities

We see growth opportunities both in the 'original' coin business and also in new areas. With regard to the latter, the acquisition of Apex has taken the Group into the Philatelic market, which is offering the opportunity for cross-selling, whilst allowing the Group to apply some of its own disciplines to Apex. Other potential growth opportunities include medals and banknotes.

Valuation well supported

The tangible NAV of Noble is £12m, or 75p per share. Noble owns the freehold to its central London headquarters, which are very conservatively valued in the books at c.£1.5m and also holds inventories of over £8m, of which a large proportion are conservatively valued. We estimate the 'True' NAV of the Group to be in the order of 120p per share.

Growing, well covered dividend and historic focus on buybacks

We have increased our dividend forecast, for both 2009 (3.00p from 2.75p) and also for subsequent years. This still equates to a conservative level (>3 times) of cover for a well capitalised business. It is also worth noting that the Group bought back £1m of equity in the first half of the year. Trading on a single figure P/E and at a discount to 'true' NAV, the shares are cheap. BUY.

[skyship] 19/12/2008 12:05

So, did anyone manage to attend the AGM & glean the Board's unofficial view on things. As I live down here in SW France I am now unable to attend AGMs, so have to look to other enthusiasts for such info.

[skyship] 10/11/2008 16:38

& the later 500K. Looks as though it was Deutsche Bank, but who for, well perhaps a question at the AGM might reveal. Still, the Company managed to put the squeeze on the vendor for the benefit of all holders - good on them.

Topped up @ 72.16p today, as I suspect these may not be pulling back again - after all, that 60p area was a rather false trading level based solely upon the buyback price.

[davidosh] 10/11/2008 00:32

How on earth were they allowed to buy a million shares in the tail end of their closed period ?? That also then begs the question as to why 60p when they traded far higher and who sold ?

[kiwi10] 06/11/2008 08:42

skyship...more likely to rise a bit more i would think

[skyship] 06/11/2008 08:13

Hyper Al - I assume you are joking, but if you are a learner then a PER of 5 = an Earnings Yield of 20%. A yield of 20% is pretty attractive in a time of global interest rate cuts. I'm watching too as I would like to add if they tip back into the 60s.

[hyper al] 06/11/2008 08:09

SKYSHIP

Is that good.

Watching these

[skyship] 06/11/2008 07:43

No unpleasant surprises - so these figures serve to highlight the value here after the 66% fall - certainly looks cheap v. SGI. Strip out the cash & the minimal interest earned on it; and we are left with an EPS of c5x....

[trigger45] 06/11/2008 07:22

RNS Number : 5749H
Noble Investments (UK) PLC
06 November 2008



Noble Investments (UK) PLC ('Noble', the 'Company' or the 'Group')

Preliminary results for the year ending 31 August 2008




Noble Investments (UK) PLC, the AIM listed coin and stamp dealer, is pleased to announce its preliminary results for the year ended 31 August 2008.







Financial highlights:





Profit before tax of £1.9m up 21% (2007 £1.6m)


Total dividend of 2.5p up 25% (2007: 2p)


Adjusted diluted earning per share of 8.02p (2007 7.12p)


Strong ungeared balance sheet with Net Asset value of £13.7m up 10.5% (£12.4m)


Cash position of £3.9m after payment for Apex Philatelic Limited








Operational highlights:





Acquisition of Apex Philatelic Limited


Significant auction sales in London, New York and Hong Kong, including largest ever New York auction totaling $9m including a buyers premium


Continued growth of internet sales, especially for overseas auctions and London auctions of Colonial coins


Significant growth of website traffic. Average number of unique visits per month grew to just over 2,750 from 2,000 in the previous year and the website had just over 6.4m hits against 3m in the previous year








Ian Goldbart, Managing Director of Noble Investments commented: 'I am delighted to report that Noble has made significant progress over the last 12 months. Coin trading continued to be resilient throughout the year, especially high quality and rare items. The acquisition of Apex has given us an extremely interesting platform in the stamp market and we look forward to seeing the benefits of this acquisition over the coming year.




Nicholas Bonham has informed the Board of his decision not to stand for re-election for our Chairman at the next AGM due to other personal commitments and I would like to take this opportunity to express the Board's gratitude to him for his enthusiasm and dedication to Noble over his period of Chairmanship.'

[yf23_1] 16/10/2008 07:12

So how do you buy at 60p when the market price never dropped below 98p ???



RNS Number : 8859F
Noble Investments (UK) PLC
15 October 2008


Noble Investments (UK) Plc ("Noble" or "the Company")
Purchase of own securities

Noble announces that it made market purchases of 1,000,000 ordinary shares of 1 pence each
for cancellation representing 5.8% of the
current issued share capital of the Company on 15 October 2008. The shares were purchased at a
price of 60 pence each.

The Company was prepared to undertake this purchase on the basis of reasonableness,
considering that the price paid was attractive and
on commercial grounds, considering that the proposed transaction will benefit the group and
therefore its shareholders.

[nicedude1976] 30/4/2007 10:27

The shareprice trend is positive...

[wakeland] 30/4/2007 08:55

Who'd have believed that the old Direct Message shell would blossom like this? Some set of results and forward looking statement. Still hold a few from back then (if only I'd averaged down when they were about 40p).
Can this keep up the momentum?

[wakeland] 30/4/2007 08:50

Noble Investments (UK) PLC
30 April 2007


NOBLE INVESTMENTS (UK) PLC

Interim results for the six months ended 28 February 2007

Noble delivers another strong result


Noble Investments (UK) plc ('Noble' or the 'Group') the AIM listed coin dealer
and auctioneers, is pleased to announce its interim results for the six months
ended 28 February 2007.


Financial highlights:


* Half year turnover up 94 per cent. to £5,251,000 from £2,701,000 in the
same period last year

* Half year profit before tax up 263 per cent. to £1,057,000 from £291,000.

* Half year operating profits before goodwill amortisation, share option
charges and exceptional costs up 84 per cent. to £872,000 from £474,000 in
the same period last year

* Interim basic earnings per share increased by 226 per cent to 5.08p from
1.56p.

* Interim diluted adjusted earnings per share increased by 29 per cent. to
4.12p from 3.20p

* Proposed maiden interim dividend of 0.75p per share.

* Strong un-geared balance sheet with net assets of £8,196,000 including
£3,850,000 in cash and £6,295,000 in stock (net assets £9,100,000 excluding
negative goodwill)


Operational highlights:


* The period under review included a strong London auction in September 2006
and our largest ever overseas auction in New York 2007.

* Continued investment in back office, administration and website. Unique
visitors to the website averaged over 2,000 per month with hits of over
1.27m for the period under review.


Commenting on the interim results, Ian Goldbart, Managing Director said:


'We have made excellent progress over the last six months and are pleased to
announce the development of our dividend policy with the inauguration of an
interim dividend. Given the current strength of the worldwide coin market we
fully expect to deliver a strong set of results for the year as a whole. I am
looking forward to the next six months with confidence and excitement.


Our forward auction consignments for the next 12 months are one of the strongest
in Baldwin's 135 year history. This bodes well for our auctions to be held in
Hong Kong August 2007, London September 2007 and New York in January 2008. '

[soft t] 22/2/2007 13:36

investment in art is substantial with only a limited supply of major works comming on to the market NBL handles rare coins a market that is rapidly gaining favour as an alternative investment

[josephrobert] 21/11/2006 21:58

A number of articles from Peter Temple and his success story re Noble Investments:

scriptEnabled=true

[nomad70] 18/11/2006 14:42

I'm long @ 133. Should see a nice break-out here shortly. Been some huge purchases going through in the last week. Barely moved after announcing incredible results! Fasten your seatbelts!

[skyship] 17/11/2006 15:14

Not much chat here then!?#~

Bt a few @ 137p this week for the inevitable chart breakout upward - seems to be happening right now. Impossible to compute the upside - but could be as high as 180p IMO.

[the other kevin] 21/2/2006 14:00

I'm enjoying the ride

[scotsman4472] 21/2/2006 13:31

Why is this BB so quiet? 288% growth, a lot of pi are mssing out big time.