LONDON (Alliance News) - The Stanley Gibbons Group PLC said Thursday that it anticipates full-year sales and profitability to be in line with expectations, as trading remained strong on high levels of demand.
The collectables dealer said it had seen high levels of demand from both investors and high net worth collectors.
Stanley Gibbons continued to make progress towards launching its online collectables trading platform, and it expects to launch the service in the second-half of 2014.
The company completed its acquisition of Noble Investments (UK) plc in November, 2013, and said the benefits of the acquisition were already being realised. Coin collector Baldwin's, a business of Noble's, saw a strong start to the year with over USD7 million of sales from its New York Sale auctions.
Shares in Stanley Gibbons were trading up 1.4%, or 0.50 pence, at 359.50 pence Thursday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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