View All Items

Stamp News

Stanley Gibbons reveal record profits

 PDF Print E-mail
Stamp seller Stanley Gibbons has seen a rise in profits saying investors are steering away from erratic financial markets and seeking other investments. Pre-tax profits for the six months to June rose by 6% to £1.8m, on sales that jumped by 12% to £9.8m And it said online transactions were gaining popularity, with about £2.4m of sales through its websites.

Stanley Gibbons sells rare stamps such as Penny Blacks and has branched out to sell autographs of celebrities and historical figures.

Chairman Martin Bralsford said rare stamps and autographs were a good means of diversification and were also a "safe haven" in volatile economic times, helping to hedge against inflation.

"Collecting is an all-consuming passion. That is why the prices of rare stamps and historical signatures show no correlation with the stock market, property prices and other traditional forms of investment," he said.

Stanley Gibbons said it would allocate "significant resources" to invest in longer-term opportunities.

The company was founded in 1856 and the stamp business received a Royal warrant in 1914. It later established an auction house and expanded its business to include other rare collectors' items.

Extract from BBC News.



Bookmark with:
Digg!Reddit!Del.icio.us!Google!Live!Facebook!Netscape!StumbleUpon!Spurl!Newsvine!Furl!Blogmarks!Yahoo!Ma.gnolia!Free social bookmarking plugins and extensions for Joomla! websites!
 
< Prev   Next >
[ Back ]

We Buy Stamps and Collectables

Valuations with the Ten O'Clock ShowAre you looking to sell your stamps or collectables? We offer a free valuation service, throughout the UK. We guarantee to make an offer on any collection we view.

Click here for further details.

Our eBay Auctions

Contact Us

The Ten O'Clock Show Ltd

Unit 7, Gables Business Park
Frolesworth Lane
Claybrooke Magna
Leicestershire
LE17 5AS
Tel: 01455 202525
Email: mail@thetenoclockshow.co.uk