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Stanley Gibbons warns annual results will be below expectations ahead of website launch

Thu, 02nd Apr 2015 12:20

Shares in Stanley Gibbons fell over 8% on Thursday, after the collectibles group warned that its annual results will be below market expectations.The London-listed company said it expected group sales and profitability for the year to 31 March will show a "significant" increase in growth compared to the previous 12 months, on the back of contribution from recent acquisitions.However, Stanley Gibbons said a number of anticipated high value sales in its retail business had not been completed before the end of the financial year, meaning results will be "materially below" current market expectations."Although disappointed by our failure to deliver the high value sales in 2014/15 necessary to meet market expectations, the board is satisfied with the progress which has been made in the past year," said group chairman Martin Bralsford."We are delivering on our long term strategic objectives, which have the potential to transform both the business and the collectibles market as a whole."The company said a number of technical development projects, geared towards launching a global collectibles online trading platform, have progressed in line with plans and the new website is expected to be launched in May.Stanley Gibbons shares were down 8.27% to 244.00p at 12:46 on Thursday.
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London midday: Shares still seeking direction

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17 Jan 2011 08:37

London open: Deals keep blue chips ahead

London has opened moderately firmer, with potential M&A deals outweighing a weak start for the miners. BP has opened higher after the oil giant announced a controversial landmark deal with Rosneft, the Russian state oil company. As well as confirming the tie-up with Rosneft, BP said it has been aw

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17 Jan 2011 07:43

Stanley Gibbons sales to top forecasts

Stanley Gibbons will beat revenue forecasts for 2010 and reveal profits in line with expectations, the stamp and collectibles trader said Monday. The company has also continued to grow operating profit despite spending big money on developing its websites, database asset management system and inter

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21 Sep 2010 16:14

Small caps round-up: Stanley Gibbons, Plantic, Volga, Somero...

Stanley Gibbons has acquired first day cover stamps and collectibles business Benham from the flowers and gifts retailer, Flying Brands for £1.5m. Benham produced a full-year revenue of £2.96m for Flying Brands in its last full-year results, with a pre-tax profit of £0.41m. Stanley Gibbons' Chie

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28 Apr 2010 08:13

Small caps: Trafficmaster confirms bid approach

Satnav systems supplier Trafficmaster is in discussion over a possible bid, it said today. Shares in the group have risen by nearly a quarter over the past week and in a statement today it noted the rise in the share price and confirmed it is in discussions which may or may not lead to an offer bei

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26 Mar 2010 14:53

Small caps round-up: Cleardebt, Corero, Phorm...

Personal debt reduction specialist Cleardebt found plenty of takers for its services in the second half of last year, as revenue grew 57% to £2.3m from £1.5m in the second half of 2008. Profit before tax improved to £0.43m from £0.10m, albeit after the recognition of a £0.25m gain on a bargain purch

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13 Jan 2010 06:36

Wednesday tips round-up: Tesco, Balfour Beatty, Dechra

Tesco is leagues ahead of its UK competition in terms of global reach, scale and ambition. In fact, it is the only UK supermarket with any overseas operations at all, and one of just a few British retailers with international stores. The stock trades on a 2011 price earnings ratio of 13.2 times.

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7 Aug 2009 07:53

Stanley Gibbons posts bigger profits

Stamp collector Stanley Gibbons is bullish on full year prospects after lifting profits by 13% in the first six months and making a strong start to the second half. Profit before tax for the six months ended 30 June 2009 jumped to £1.43m from £1.26m in 2008 on sales up 18% to £9.6m. Non-executive

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