Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Stanley Gibbons assessing funding options

A number of alternatives are under consideration to reinforce its working capital position
Stanley Gibbons assessing funding options
Weakness its Asia and difficult market conditions for high-value stock have hampered Gibbons.

Shares in stamp and collectibles specialist Stanley Gibbons (LON:SGI) hit the skids as it flagged plans for a fundraising.

A number of alternatives are under consideration it said, to reinforce the working capital position before the next year end in March.

New equity is one option, but the discount to the group's net asset value makes that a relatively unattractive route compared to the other alternatives, it said.

In November, Gibbons scrapped its interim dividend as profits tumbled to £0.4mln from £3.7mln.

The firm had already cautioned that weakness its Asia and difficult market conditions for some of its more high-value stock would affect full year numbers.

Shares fell 10% to 61.7p.

View full SGI profile View Profile

Stanley Gibbons Timeline

Article
October 03 2016

Related Articles

Medical tests
July 11 2017
In an operational update, the medical services and software company said a multi-centre investigator led study comprising data from 607 patients at two academic university hospitals has now been completed
H&T Pawnbrokers store
Wed
“We have delivered a strong trading performance during the second half in the key segments of Pawnbroking, Retail and Personal Loans”

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use