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Noble waits for Qatari money

RESULTS: A "well-known Qatari collector" outbid almost everybody Noble Investments' Prospero Auction of rare Greek coin in New York. The problem is that he has yet to pay up, but following a a worldwide freezing order over the purchaser’ assets Noble should eventually get its money.
December 13, 2012

In January this year a "well-known Qatari collector" outbid almost everybody at Noble Investments (NBL) Prospero Auction of rare Greek coin in New York. Indeed he bought $20m of the $25m (£15.6m) of coins sold. The problem is that the Middle Eastern investor has yet to pay up and Noble is still due to earn commission of around £2.2m .

IC TIP: Buy at 188p