TIDMSGI 
 
RNS Number : 3226R 
Stanley Gibbons Group Limited 
29 April 2009 
 

FOR RELEASE 7AM WEDNESDAY 29 APRIL 2009 
 
 
 
 
THE STANLEY GIBBONS GROUP LIMITED 
 
 
"the Company" 
 
 
TRADING STATEMENT 
 
 
 
 
Ahead of the Annual General Meeting to be held later today, the Board of the 
Company is pleased to update the market with the following Trading Statement: 
 
 
"Ascommunicated in our trading announcement of 20th March 2009, we have had a 
strong start to the year. In the traditionally least active first quarter, 
turnover (unaudited) was up 25% on the same period last year. 
 
 
We have achieved strong sales to overseas clients as a direct result of our 
growing network of international sales agents. We intend to nurture these 
relationships further throughout the year and to continue to add new suitably 
qualified sales agents across the world. 
 
 
At a time when the World investment community has learned the painful lesson of 
why diversification of wealth is critical and banks offer negligible returns on 
savings, our products, and investment services are well positioned to provide an 
attractive solution to distressed investors. 
 
 
Most importantly, sales to collectors have performed well in the first quarter 
highlighting the stability and strength of the "market of passion" which 
underpins our core business and should ensure resilient returns to shareholders 
on a long term basis. 
 
Strong cash generation from operating activities in the first quarter mean our 
cash balances are being managed ahead of plan, notwithstanding our continued 
commitment to acquire the right kind of investment grade philatelic material in 
the market when opportunities arise. 
 
 
We have recognised the need to invest in our internet strategy at the right 
level to accelerate this most important part of our strategy and we are 
currently strengthening our development team to achieve this aim. 
 
 
Based on the evident strength in the market from our own customer recruitment 
and further validated by third party auction realisations in the period, we are 
confident of our ability to continue to grow both sales and profits for the 
remainder of the year. 
 
 
The Company's final dividend of 2.75p net per share will be paid to Shareholders 
on 11 May 2009 and our interim results for the six months ending 30 June 2009 
will be announced on 7 August 2009." 
 
 
For further information: 
 
 
The Stanley Gibbons Group Limited 
Michael Hall, Chief Executive+44 (0) 20 7836 8444 
 
 
Seymour Pierce Ltd, NOMAD/Broker 
Jonathan Wright+44 (0) 20 7107 8000 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 TSTBLGDSSXDGGCI 
 

Stanley Gibbons (LSE:SGI)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Stanley Gibbons Charts.
Stanley Gibbons (LSE:SGI)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Stanley Gibbons Charts.