Stanley Gibbons stamps its foot down with latest acquisition

Friday, Sep 03 2010 by
1
Stanley Gibbons stamps its foot down with latest acquisition

Stanley Gibbons Group (LON:SGI) , the market leading stamp dealers and collectibles group, this week announced the acquisition of the business and assets of Nigel Haworth, a specialist stamp dealer who formerly traded as M N Haworth for a consideration of £0.3 million. The acquisition means that SGI holds the most extensive range of British Commonwealth stamps available to put into their recently refurbished flagship London store. The acquisition is a chance to expand the Group’s range and will also feature Nigel Haworth staying on in an advisory role.The outlook for SGI looks positive as they see an increasing number of high net worth collectors interested in stamps and collectibles as a means of holding part of their wealth in a tangible asset with a value embedded in history.Interesting expansion includes a move to sell in China with SGI viewing the market for stamps in China as a major opportunity. This is evidenced by the first entry into the Chinese stamp market with orders received of over £1m an expected to be invoiced in third quarter.The shares themselves offer interesting diversification for those wanting to gain exposure to the philately market without having the necessary knowledge. The Group’s website and database projects are progressing in line with plans and a new investment office in Jersey is trading ahead of expectations. Time to renew acquaintances with your old stamp collection!

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The Stanley Gibbons Group plc is engaged in trading in collectibles; dealing in antiques and works of art, auctioneering; the development and operation of collectible Websites, philatelic publishing, mail order, retailing, and the manufacture of philatelic accessories. The Company's segments include Investments, Philatelic, Publishing, Coins & Medals and Interiors. Interiors encompasses autographs, historical documents, memorabilia, rare books, records, antiques, watches, fine wine, jewelry and Benham first day covers. The interiors division comprises The Fine Art Auction Group (TFAAG), Dreweatt and Bloomsbury, both auction companies for paintings, books, jewelry, decorative arts, and Mallett (United Kingdom and United States). The Company's Flexible Trading Portfolio (FTP) allows users to invest in rare tangible assets. It allows users to discuss their options and objectives with one of its Investment Portfolio Managers. more »

LSE Price
10.13p
Change
 
Mkt Cap (£m)
18.1
P/E (fwd)
n/a
Yield (fwd)
n/a



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