Shares in women's retailer Noni B Ltd
(ASX:NBL) have dropped from a peak of $5.20 in 2007 to $0.95.
Joint managing director, David Kindl denies speculation that it is now a takeover target. He says he is unaware of anyone interested in buying the company, and selling it is not even on the radar.
Two weeks ago, the company reported a 1.7 per cent drop in first-half sales at $6.3 million.
In the half year to 31st of December 2010, Noni B posted a net profit of $1.5 million dollars.
