27 April 2011 – AGM trading statement

Things are looking very rosy for Stanley Gibbons.  The company is cashing in on collectors’ interest in the Royal Wedding.  The current year has started very well and turnover in the first quarter was up 36% or 24% on a like-for-like basis.  Looking at the longer term, recent investments in a website and databases should bear considerable fruit.  This is a great niche business which in our view should see its share price move far higher in time.  We continue to rate the shares as a BUY.