2 May 2012 – AGM trading update

Trading in the first 4 months of the year has been in line with expectations.  Online sales have doubled year-on-year and this is clearly an area of exciting growth which the company should arguably have exploited more already given the strength of the Stanley Gibbons name.  The current year sees the Golden Jubilee and London 2012 Olympics, both of which will add significant benefit.  Although the share price has performed very well since our tip we continue to rate the shares as a BUY.