Stanley Gibbons first quarter sales shine
Stamp collection firm Stanley Gibbons reported an increase in first quarter turnover, despite charges related to investment in its online strategy, and said 2013 sales benefited from increased stock.
Stamp collection firm Stanley Gibbons reported an increase in first quarter turnover, despite charges related to investment in its online strategy, and said 2013 sales benefited from increased stock.
Turnover for the traditionally quiet first quarter rose 12% from last year, despite 2012 including a large sale of £1m to one client.
Overall trading in the quarter was in line with company expectations and after charging costs associated with its planned increased investment in developing our online strategy.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Net cash balances were in excess of £7.0m at the end of March.
"Implementation of our strategy is on target. The board remains enthusiastic about the prospects in monetising our brand, products and services to achieve their potential," it said in a company update.
The group has recommended a final dividend of 3.75p per share.
Stanley Gibbons said its business is now split into two streams; a traditional dealing & auction activities and a digital division.
CJ
-
10 vinyl records worth up to £10,000 - is one in your collection?
News Vinyl is experiencing a resurgence and collectors will pay up to £10,000 for some albums - is it time to dust off your old records?
By Marc Shoffman Published
-
FCA: Banks are still short-changing savers
The latest FCA review finds that while public shaming has encouraged providers into offering better deals on savings, many of those with closed accounts are still being shortchanged.
By John Fitzsimons Published