September 2019

2019 Interim Report

2019 Statements & Announcements,

Group Financial Information,

Interim & Annual Reports,

Investor Information,

It is now 20 months since the refinancing and the start of an ambitious plan to transform the Group. I am pleased to say that these are the first results which clearly show the progress which is being made – not least by the publication of this interim report well ahead of recent years. Of particular note are the 34% increase in sales and the 72% reduction in the loss from continuing operations over the comparable period for 2018. As the legacy issues fall away behind us, we are hopeful this positive trend will continue.

Having looked at a number of options, we have recently committed to make our flagship store in the Strand our home for the foreseeable future. A major redevelopment of the premises will commence early in the new year and will complement the rebranding which we launched a few months ago. We look forward to seeing you in the shop where you will be given a warm welcome. We have also been busy on the technology side with the release of new websites for both Stanley Gibbons & Baldwin’s and significant improvements on digital publishing & marketing. Positive feedback has been received on all of these advances.

Corporate overheads for the last 6 months are …