"We have competent money pot existing to financial expansion opportunities, and are reviewing a number of future acquisitions that would intensify and element the on the whole service capability," Chairman Martin Bralsford mentioned in a matter on Friday.
Stanley Gibbons hopes to launch a singular stamp account this year to enable more investors to access the collectibles market, something the definite has programmed for years but behind since the mercantile slowdown. The company already compiles a array of indices permitting investors to follow singular stamp prices.
The company will concentration on its online business and aims to launch an online trade stage and auctions after a redesign of its website in May led to a 67 percent enlarge in online income in the second half of 2011.
It's website now offers all from a set of 4 19th century medals labelled at 495,000 pounds and Penny Black stamps costing as ample as 9,000 pounds to a piece of 30 charming stamps imprinting this year's Olympics costing 32 pounds.
Stanley Gibbons stretched its! abroad participation in 2011, quite in China by gap a Hong Kong office and building trade interaction with the mainland.
The definite estimated in 2011 that a third of the world's 60 million stamp collectors live in China .
The company, that runs the world's greatest stamp emporium on London 's Strand conflicting the oppulance Savoy Hotel, mentioned it seeking in to gap offices in Switzerland, Singapore, Monaco, Gibraltar, Brazil and Edinburgh in 2012.
The AIM-listed firm's shares rose as ample as 2 percent to 210 pence, having already risen 23 percent since the commencement of the year.