You are here: News / The City view - Stanley Gibbons
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
Share this article:
Should your colleagues be reading the Retail Bulletin?
Let them know about us.
