Proactiveinvestors recommends
Stocktube video
24/11/2011

Stanley Gibbons says the full year dividend will reflect the growth potential

View full size
Additional Information
Market: AIM
Sector: General Retailers
EPIC: SGI
Latest Price: 215.50p  (0,00%)
52-week High: 236.50p
52-week Low: 163.50p
Market Cap: 54.48M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Stanley Gibbons
www.stanleygibbons.com
Stanley Gibbons Ltd offers unique, life changing investments. They deal primarily in stamps and autographs/memorabilia with the potential for excellent returns over a five to ten year period. The investments Stanley Gibbons offer are considered to be some of the safest havens in the investment world. The index that tracks this investment, as verified by Bloomberg, is up 38.6% in the last year alone. Over the last 50 years, it has averaged a return of 10% per annum and never fallen in value. Unsurprisingly, one fund manager refers to this investment as "the best retirement plan you've never heard of".
Full Stanley Gibbons profile here
Is SGI a Buy, Sell or Hold?Get your FREE analysis of SGI
Pdf

Stanley Gibbons acquires business and assets of stamp dealer Nigel Haworth

2nd Sep 2010, 9:08 am Stanley Gibbons has acquired the business and certain assets of dealer Nigel Haworth for £0.3m.

Retailer of stamps and other collectibles Stanley Gibbons (LON:SGI) has bought the business and certain assets of specialist stamp dealer Nigel Haworth, who formerly traded as M & N Haworth, for £0.3 million.

The business specialises in modern issues of the British Commonwealth, including varieties and other items that are difficult for collectors to source.

Nigel Haworth will be acting as a consultant to Stanley Gibbons to assist in the sourcing of such material in future.

Stanley Gibbons will pay £0.15 million on completion and the balance in April 2011. The deal will be financed out of the group’s cash balances with an expected payback within one year.

The group said that the acquisition gave it the most extensive range of British Commonwealth stamps available.

“Primarily, his is an investment in our brand and the quality and range of our stockholding.

“The acquisition will provide benefits for many years to come through increased sales and new customer recruitment and, in due course, will significantly enhance the range offered on our website and through the traditional channels of retail and mail order,” said Chief Executive of Stanley Gibbons Michael Hall.

Stanley Gibbons reported a strong set of interim results last month.

Sales in the first six months of the year jumped 24% to £11.9m, pre-tax profits rose 10% to £1.6m and earnings (EBITDA) grew 12% to £1.7m. Also during the period the company entered the Chinese collectables market and secured new orders worth £1m from collectors there, to be realised in the current period.

Included in the sales for the first half were £0.4m from the sale of one of the rarest British stamps - the '6d IR official'.

The company then said that it planned to acquire a number of large stamp collections, which would “provide the scale and quality of stockholding” to satisfy demand for the rest of the year.

Seymour Pierce called the company undervalued with a rating of 8.6x 2010 earnings declining to 7.8x in the following year based on its pre-tax profit forecasts of £4.5 million and £5.0 million for 2010 and 2011 respectively.
The broker report also noted Stanley Gibbons’ balance sheet, which it said was strong with cash forecast at about £3.5 million at the end of 2010.

“In view of the strength of the brand, we continue to believe the stock is undervalued,” concluded the broker.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). 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.