Secondary Recommendation

Stanley Gibbons - Famous old brand returning to form

September 2002

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

In spite of owning the famous stamp collecting brand, investors may be surprised to learn that Stanley Gibbons is still just a tiddler (market cap: Â£4.3m) on AIM. The group has had a chequered time since its demerger from Flying Brands in September 2000, but recent results, for the six months to 30 June, showed its return to form, with a tripling in pretax profit to Â£203,000 compared to the sameperiod last year. The group has three tradingdivisions. The largest, philatelic trading and retailing, whichcontributed 56% sales in 2001, operates from a large store in theStrand, selling by retail and mail order the full range ofmerchandise, including the Stanley Gibbons catalogues. Thestor ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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