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Friday August 15th 2008

The City view - Stanley Gibbons

Archived article dated Friday August 15th 2008

Following the recent interim results from Stanley Gibbons, Seymour Pierce re-iterated its 'Buy' recommendation on the company.

The broker believes it will be a beneficiary of a growing appreciation of stamps and autographs as an alternative form of investment and that it sits on a relatively low rating. On Seymour Pierce's 2008 earnings forecasts the shares are on a PE of an undemanding less than 9x and a dividend yield of approaching 4%. Also in Stanley Gibbons' favour is its strong track record of delivering earnings growth of 22% over the past two years and a forecasted 30% for this year. The company also has a healthy cash pile of £14 million, which represents 35% of its current market value.


Tagged as: city broker view | stanley gibbons

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