Stanley Gibbons says it's considering fundraising options

Stanley Gibbons noted the slump in its shares on Wednesday and said it was considering a number of fundraising alternatives to boost its working capital position prior to the year ended 31 March 2016.

The stamp dealer and collectibles auctioneer said that while an equity fundraising is an option, the discount to the group's net asset value at which any such fundraising would likely be priced could make it unattractive route to go down.

The company said it will update the market on the progress of these considerations in due course.

At 1157 GMT, Stanley Gibbons share price was down 8% to 63p.