Store Boss to Float Noble"

[AMG Merc]

See today's Sunday Times Business section page 3 -

"David Jones ... could drive off with a £10M windfall from the sale or flotation of Noble Automotive. ...

Owns 60% of the company...

Minority shareholoder Lee Noble...

Production to double from current 250 units/pa...

Company could be worth £20M...

Management buy-in anyone?!


>> Edited by AMG Merc on Sunday 12th June 17:48

[DanH]

Wonder where they plan to sell them to double production, or is that the m14?

[paulcundy]

And what news of the "free shares for early owners" scheme?

Regards
PauL C

[AMG Merc]

paulcundy said:

And what news of the "free shares for early owners" scheme? Regards PauL C

Yeh, and a loud echoed around the boardrooom - we'd be lucky to get 100 free teabags!

[MisterX]

I am led to believe that Noble seriously considered floating on the Ofex market a couple of years ago, but decided against it.