News blog

Avarae Global Coins

• BY: Andrew Hore |
• POSTED: 07/10/2012 |

Coins investor Avarae Global Coins says that its revenues will be at least £450,000 in the six months to September 2012.

That is down on the £1.58m reported in the first half of the previous year. Admin expenses will be similar to the previous first half (£193,000) but gross margins will be around two-thirds lower at around 15%. 

At 10.62p a share, Avarae is valued at £8.58m.

The strategy is to invest in high quality, rare coins. It recently acquired a Charles II Two Guinea.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFSeptember2012_36.pdf