Bluebird Merchant Ventures – joint venture partner ‘declines to approve’ but this looks a blessing in disguise...
I tipped shares in collectibles business Noble Investments (NBL) at a 220p offer price in February on the Nifty Fifty website I run with Tom Winnifrith and at the time I noted that the company had been hit a few months prior by commissions due of £2.2 million remaining unpaid “as a significant Qatari collector has yet to settle the consideration due in respect of auction purchases”.
I previously commented on this website on AIM-listed collectibles company Noble Investments (NBL) in June – concluding that the shares looked a good long-term investment (see HERE). They had however dropped back from the then 220.5p to sub 200p before a Monday-released trading statement from the company. The following updates…
Ostensibly the interim numbers released late last month by AIM-listed collectibles company Noble Investments (NBL) didn’t make positive reading – showing a pre-tax profit down from £2.42 million in the comparative prior year period to £0.504 million on revenue, excluding a £1.39 million contribution from the December acquired Fine Art Auction Group Ltd, 4.5% lower.
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