Stamp business sets sights on acquisitions

By Nicholas Bryant

Friday 17th March 2000

With the predominance of things dot-com of late, it came as a surprise to most last Friday that the first cab on the rank for the much vaunted New Capital Market is a philatelist.

Mowbray Collectibles, whose chairman is John Mowbray, is in the stamp and rare books business based in Otaki.

The new market is aimed at helping companies seek capital and grow into a full NZSE listing, which is just what Mr Mowbray intends to do.

He said the focus of the company was acquiring and developing companies in the collectibles industry.

"This industry is benefiting from an ageing population globally and not everyone wants to windsurf at 60," Mr Mowbray said.

Along with Mr Mowbray the company's directors are Ian Halstead and Murray Radford.

They have identified the acquisition of six companies as a potential key transaction.

All those companies, which include World Wide Fund For Nature Stamp Programme (NZ) and Bethunes Rare Books, are owned by Mr Mowbray and operate here and in Australia.

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