Stanley Gibbons Ltd offers unique, life changing investments. They deal primarily in stamps and autographs/memorabilia with the potential for excellent returns over a five to ten year period. The investments Stanley Gibbons offer are considered to be some of the safest havens in the investment world. The index that tracks this investment, as verified by Bloomberg, is up 38.6% in the last year alone. Over the last 50 years, it has averaged a return of 10% per annum and never fallen in value. Unsurprisingly, one fund manager refers to this investment as "the best retirement plan you've never heard of".
Stanley Gibbons acquires business and assets of stamp dealer Nigel Haworth
Retailer of stamps and other collectibles Stanley Gibbons (LON:SGI) has bought the business and certain assets of specialist stamp dealer Nigel Haworth, formerly M & N Haworth, for £0.3 million.
The business specialises in modern issues of the British Commonwealth, including varieties and other items that are difficult for collectors to source.
Nigel Haworth will be acting as a consultant to Stanley Gibbons to assist in the sourcing of such material in future.
Stanley Gibbons will pay £0.15 million on completion and the balance in April 2011. The deal will be financed out of the group’s cash balances with an expected payback within one year.
The group said that the acquisition gave it the most extensive range of British Commonwealth stamps available.
“Primarily, his is an investment in our brand and the quality and range of our stockholding.
“The acquisition will provide benefits for many years to come through increased sales and new customer recruitment and, in due course, will significantly enhance the range offered on our website and through the traditional channels of retail and mail order,” said Chief Executive of Stanley Gibbons Michael Hall.
Stanley Gibbons reported a strong set of interim results last month.
Sales in the first six months of the year jumped 24% to £11.9m, pre-tax profits rose 10% to £1.6m and earnings (EBITDA) grew 12% to £1.7m. Also during the period the company entered the Chinese collectables market and secured new orders worth £1m from collectors there, to be realised in the current period.
Included in the sales for the first half were £0.4m from the sale of one of the rarest British stamps - the '6d IR official'.
The company then said that it planned to acquire a number of large stamp collections, which would “provide the scale and quality of stockholding” to satisfy demand for the rest of the year.
