TIDMSGI TIDMFBDU 
 
RNS Number : 9989S 
Stanley Gibbons Group PLC 
21 September 2010 
 

21 September 2010 
 
The Stanley Gibbons Group plc ('Stanley Gibbons' or the 'Company') 
 
Acquisition of the trade and assets of Benham first day covers 
 
Stanley Gibbons is pleased to announce that on Monday 20 September 2010 it 
acquired the trade and assets of the Benham first day cover and collectibles 
business from Flying Brands Limited. 
 
Benham, which trades in Jersey and the UK, is the leading publisher of high 
quality first day covers. Its other activities include that of mail order 
collectibles retailer and distributor of new issue stamps. 
 
The total consideration for the acquisition is GBP1.5m in cash of which half was 
paid on completion with the balance 12 months later. The consideration is 
financed by a bank loan and the Company's existing cash reserves. 
 
Benham's full year contribution to the results of the Flying Brands Group in the 
period ended 1 January 2010 was revenue of GBP2.96m and a profit before tax of 
GBP0.41m. 
 
Mike Hall, Chief Executive of Stanley Gibbons said: 
 
'The Benham name is as synonymous with quality first day covers as the Stanley 
Gibbons name is with philately. 
 
Benham is a low risk bolt-on acquisition providing a strong return on capital, 
high level of continuity revenue, good cash flows and diversification of revenue 
streams. It will provide opportunities for Stanley Gibbons to diversify into 
other collectibles markets and add specialist skills in volume mail order, 
collector club management and in-house design. 
 
There are a number of synergies between the two databases of collectors and the 
products we sell, with the potential to develop the Benham website and 
cross-sell products online. There are considerable opportunities to expand the 
combined mail order activities of Stanley Gibbons and Benham from Jersey. 
Following our recent research into the Chinese collectibles market, we see 
substantial opportunities to promote and distribute specific China related 
Benham products there. 
 
Commemorative collectible products linked to the London Olympics 2012 are 
expected to deliver some substantial one-off revenues to the business." 
 
Enquiries: 
 
+--------------------------------------------+--------------------+ 
| The Stanley Gibbons Group plc              | Tel: +44 (0) 1481  | 
|                                            | 708 273            | 
+--------------------------------------------+--------------------+ 
| Michael Hall - Chief Executive             |                    | 
+--------------------------------------------+--------------------+ 
|                                            |                    | 
+--------------------------------------------+--------------------+ 
| Seymour Pierce Limited                     | Tel: +44 (0)20     | 
|                                            | 7107 8000          | 
+--------------------------------------------+--------------------+ 
| Jonathan Wright / John Cowie - Nominated   |                    | 
| adviser                                    |                    | 
+--------------------------------------------+--------------------+ 
| Leti McManus / Jacqui Briscoe / Katie      |                    | 
| Ratner - Broker                            |                    | 
+--------------------------------------------+--------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 ACQLMMFTMBJTBMM
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.