By Steve Moore | Friday 4 August 2017
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
End December-announced half-year results from Stanley Gibbons (SGI) showed, after a net £3.3 million of ‘exceptionals’, a pre-tax loss of over £6 million and noted, with net debt at £16.5 million, it “working on a number” of balance sheet initiatives. In May it announced a £2.4 million sale of a major part of its Interiors division and, with this then delayed to 3rd August, we now have an “Update on Interiors Division” announcement…