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Stanley Gibbons online marketplace on track for launch this year

Published: 16:51 30 Jul 2014 AEST

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Stamps and memorabilia firm Stanley Gibbons (LON:SGI) said its online marketplace remains on track to launch later this year.

It came in a trading update ahead of an annual general meeting (AGM), which added that trading in the first half - to Sep 30 - was likely to be in line with the board's expectations, though is subject to the completion of some large sales to key clients, which is expected next month (August).

The group added that the integration of Noble Investments acquired last year was going well, and works at 399 Strand, London are on schedule for completion in September this year, which will enable the integration of the Baldwin's and Stanley Gibbons' teams and the sale of its freehold property at Adelphi Terrace.

"The strength and quality of our stockholding at this time, current sales initiatives and the known, significant auction consignments coming through leave the company well placed for the remainder of the year," it added.

Please also see today's Proactive article on the firm here.

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