Stanley Gibbons stamps its foot down with latest acquisition

Friday, Sep 03 2010 by
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 the dealing in collectibles, the development and operation of collectible Websites, philatelic publishing, auctioneering, mail order, retailing, and the manufacture of philatelic accessories. The Company operates in four segments: Philatelic trading and retail operations; Publishing and philatelic accessories; Other collectibles, and Internet development. Other collectibles includes autographs, records and memorabilia, rare coins and military medals. The Company’s subsidiaries are engaged in philatelic dealer and dealer in memorabilia, First day cover dealer, e-commerce retailing, Web development, and philatelic dealer and retailer and dealer in memorabilia. In November 2013, the Company acquired Noble Investments (UK) plc. In January 2014, The Stanley Gibbons Group PLC acquired Murray Payne, the dealer in British Commonwealth King George VI stamps. more »

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