Make your money go further for just 25p per day

Stanley Gibbons Group (AIM:SGI) trading update confirms what many were already thinking

06/10/2015 · Stanley Gibbons (SGI) 

The trading update from the collectibles and philatelic specialists has confirmed what many were already thinking, that the Group is trading short of current year estimates. Our previous Blog posts highlighted the issues and suggested that this business in its current form does not make for a happy stock market animal. One for real contrarians with an in-depth knowledge of the philatelic and collectibles market!

While progress was made in September on completing some high value sales even with this progress, sales achieved for the first six months were only at a similar level to the same period last year, despite the inclusion of sales from the Mallett acquisition completed in October 2014. Turnover for the 6 months to 30th September 2014 was £27.1m.

Gross margins and profits are expected to be substantially below those of the same period last…

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