Make your money go further for just 25p per day

Stanley Gibbons (AIM:SGI) reassures with trading update (sort of) although there are clearly issues

23/09/2015 · Stanley Gibbons (SGI) 

The collectibles and philatelic specialists have issued an update in support of their rapidly declining share price. Clearly all is not as bleak as anticipated but there are concerns nevertheless. As we commented in our previous Blog, we aren’t convinced the business in its current form, with heaps of cash tied up in long term inventory and the potential for lumpy high value transactions, makes for a happy stock market animal. The web site revamp has also taken far too long for what is essentially a fairly simple offering.

The Group’s auction calendar for this year is more heavily weighted towards the second half than last year and the Group is therefore budgeted to deliver materially higher revenues and profits in the second half of its financial year – a change in seasonal trend is rarely a good sign.

The lumpy sales issue rears its head again with news of “a number of high value sales with potential new clients, the completion of…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on Stanley Gibbons

Vaccine countdown update: 26 Nov - another positive update from the veterinary sector

26/11/2020 · Company Insights

One of the UK's largest veterinary groups covered here issued another positive trading update and continues…


Stanley Gibbons (AIM:SGI) - you can’t say we didn’t warn you!

04/10/2016 · Company Insights
The recently announced full year results from Stanley Gibbons (a gargantuan announcement!) served to highlight what…

More Company Insights

AIM new arrivals and departures October 2024

08/11/2024 · GenIP · Pulsar Helium

Challenging outlooks | Reassuringly boring | Hidden value

Stonking Small Cap reports cracking results

06/11/2024 · dotDigital

Sign-up to our free email updates

SIGN UP