Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSGI.L Regulatory News (SGI)

  • There is currently no data for SGI

AGM Trading Statement

27 Apr 2011 07:00

RNS Number : 4976F
Stanley Gibbons Group PLC
27 April 2011
 



THE STANLEY GIBBONS GROUP PLC

 

 

FOR IMMEDIATE RELEASE 27 April 2011

 

THE STANLEY GIBBONS GROUP PLC ("the Company")

 

Trading Statement

 

Ahead of the Annual General Meeting to be held later today, the Board of the Company updates the market with the following Trading Statement:

 

"Turnover for the first quarter, which is traditionally the quietest trading period, was 36% above the same period last year. On a like-for-like basis, excluding sales from the Benham Group acquired in September last year, turnover was up 24%.

 

Overall trading in the first quarter has been strong across most operating divisions, particularly philatelic trading and retail operations. Retail sales from our flagship premises at 399 Strand were up 25% compared to the prior period. Sales in the prior period were however impacted by the disruption during the substantial refurbishment works undertaken in the first quarter last year.

 

We are in the final testing stages of the website development project and expect to launch the principal components of the new site in May. The new website will feature over 400,000 additional stamps available for sale on launch as we list our extensive stockholding of lower value stamps on the site for the first time. Previously, those stamps were only available to purchase through visiting our retail premises at 399 Strand.

 

Our international marketing campaigns promoting rare stamps and historical signatures as an investment opportunity continue to deliver an increasing number of new prospects. The conversion of those prospects benefited sales in the first quarter to some extent, although more significantly, we are currently working on over £2m of enquires generated from recent marketing campaigns in March and April. The strength of our current order book puts the business in a healthy position for the second trading quarter.

 

We are well placed to maximise the additional revenue opportunities from the Royal Wedding and sales in April of collectibles issued in advance of the wedding are already providing an additional boost to second quarter revenues. The extensive display of Royal Wedding commemorative collectibles available to purchase from our dedicated display at 399 Strand will ensure we maximise footfall, one-off sales and new client recruitment during the celebrations.

 

Sales remain broadly flat in our Publishing division, although we have recently completed a rationalisation programme, which will improve profit contribution from this low growth part of our business going forward. Further growth is anticipated from the launch of our new website and development of online publishing opportunities later in the year.

 

The business remains well placed to continue to deliver the growth in sales and profitability expected by the market. In particular, we look forward to realising the return from the extensive investment we have made in our databases and websites over the past two years.

 

If approved today, the Company's final dividend of 3.25p per share will be paid to Shareholders on 16 May 2011 and our interim results for the six months ending 30 June 2011 will be announced on 5 August 2011."

 

For further information, contact:

 

The Stanley Gibbons Group plc

Michael Hall, Chief Executive +44 (0) 1534 766711

 

Peel Hunt LLP, NOMAD/Broker

Dan Webster/Daniel Harris/Matthew Armitt +44 (0) 20 7418 8900

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTIFMRTMBMTBBB
Date   Source Headline
15th Oct 20147:00 amRNSIssue of Equity
30th Sep 20143:50 pmRNSGrant of Options
30th Sep 201411:59 amRNSForm 8.5 (EPT/RI) - Mallet Plc
30th Sep 201410:26 amRNSPosting of Offer Document
29th Sep 20143:46 pmRNSForm 8.3 - [Mallett Plc]
29th Sep 20149:34 amRNSForm 8 (OPD) - Mallett Plc
29th Sep 20149:30 amRNSForm 8 (OPD) (Mallett PLC)
29th Sep 20147:00 amRNSRecommended Offer for Mallett plc
13th Aug 20148:00 amRNSAppointment of George Bailey
6th Aug 20147:00 amRNSSale of Adelphi Terrace
30th Jul 20143:15 pmRNSResult of AGM
30th Jul 20147:00 amRNSTrading Statement
4th Jul 20143:50 pmRNSHolding(s) in Company
3rd Jul 201411:53 amRNSHolding(s) in Company
1st Jul 201412:20 pmRNSHolding(s) in Company
27th Jun 20147:00 amRNSFinal Results
16th Jun 20141:53 pmRNSHolding(s) in Company
5th Jun 201412:37 pmRNSHolding(s) in Company
15th May 20147:01 amRNSBlocklisting Interim Review
15th May 20147:00 amRNSBlock Listing Cancellation
25th Apr 20143:08 pmRNSHolding(s) in Company
11th Apr 201411:39 amRNSGrant of Options
31st Mar 20144:59 pmRNSDirector/PDMR Shareholding
28th Mar 20147:02 amRNSDirectorate Change
28th Mar 20147:01 amRNSInterim Results
27th Feb 201411:42 amRNSHolding(s) in Company
31st Jan 20142:41 pmRNSAcquisition of Murray Payne Ltd
28th Jan 20142:24 pmRNSGrant of Options
22nd Jan 20144:29 pmRNSDirectors' Shareholdings & Issue of Equity
16th Jan 20147:00 amRNSTrading Update
19th Dec 201310:44 amRNSIssue of Equity
12th Dec 201312:45 pmRNSHolding(s) in Company
5th Dec 20137:00 amRNSChange of Accounting Reference Date
26th Nov 20133:54 pmRNSHolding(s) in Company
26th Nov 20133:49 pmRNSHolding(s) in Company
26th Nov 201312:13 pmRNSHolding(s) in Company
26th Nov 201312:07 pmRNSHolding(s) in Company
22nd Nov 201310:05 amRNSForm 8.5 (EPT/RI) - Noble Investments (UK) Plc
22nd Nov 201310:05 amRNSForm 8.5 (EPT/RI) - Stanley Gibbons Group Plc
21st Nov 20131:32 pmRNSAppointment of Director
21st Nov 201311:59 amRNSForm 8.5 (EPT/RI) - Stanley Gibbons Group Plc
21st Nov 20137:00 amRNSScheme effective and issue of equity
20th Nov 20134:09 pmRNSConfirmation of Capital Reduction
20th Nov 201311:59 amRNSForm 8.5 (EPT/RI) - Stanley Gibbons Group Plc
20th Nov 201310:47 amRNSForm 8.3 - Stanley Gibbons Group
20th Nov 201310:19 amRNSForm 8.3 - Stanley Gibbons Group Plc
19th Nov 201311:59 amRNSForm 8.5 (EPT/RI) - Noble Investments (UK) Plc
19th Nov 201311:59 amRNSForm 8.5 (EPT/RI) - Stanley Gibbons Group Plc
18th Nov 20132:48 pmRNSForm 8.3 - Stanley Gibbons Group Plc
18th Nov 20132:44 pmRNSForm 8.3 - Stanley Gibbons Group

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.