Stanley Gibbons (AIM:SGI) - you can’t say we didn’t warn you!
The recently announced full year results from Stanley Gibbons (a gargantuan announcement!) served to highlight what we have been saying for some time, that this business, with heaps of cash tied up in long term inventory and the potential for lumpy high value transactions, doesn’t make for a happy stock market animal.
We sympathise with those investors caught up in the Stanley Gibbons debacle, with the share price of this previously solid AIM business having tumbled more than 90% from the highs of early 2014. We urge anyone considering investing in AIM quoted companies, particularly those seeking to invest for Inheritance Tax planning purposes, to search the Investor’s Champion (‘IC’) site for information. Investor’s Champion has covered The Stanley Gibbons Group since 2008 and the various commentaries and Blogs on the business gave plenty of warning of the changing nature of its activities and its increasingly fragile financial structure. Our Blog from…