Million dollar week for Mowbray

The company, which held its first AGM yesterday, says a rare book sale on Wednesday this week realised around $150,000 in sales and a stamp auction next Tuesday looks likely to hit $80,000.

The following day a further stamp auction in Australian is expected to bring in more than A$600,000.

Shareholders at the AGM were told that the company is striving to reach its goal of listing on the main board, which would enable directors fees and dividends to shareholders to be paid.

In June the company reported a full year loss for the year to March of $284,000 on sales of $1.6 million.

Following its May purchase of Australian stamp auction house Stanley Gibbons annual revenue is set to rise to around $9 million.

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