Stanley Gibbons warns about near-term financing requirement

Stanley Gibbons has reported £16.6m revenue for the six months to 30 September 2017 (2016: £17.3m). The company incurred a £3.09m pre-tax loss for the period.

It warned that profitability going forward is likely to remain 'constrained' and working capital 'constricted'.

It also warned that its borrowing facility will need to be refinanced prior to expiry in May 2018. It also said the company needed another £5m investment to enable the growth of the core business and to normalise working capital.

At 11:27am: (LON:SGI) Stanley Gibbons Group The Ltd share price was -0.13p at 5.38p