Marc Bannister’s Annual Statement 2013

The past year has seen significant change for the Collection and for its divisions, most notably by becoming the owner of one of the largest private collections of limited edition die-cast miniature Mini/MINI cars in the United Kingdom.

As at 31 January 2013, there were 319 Mini/MINI models, 29 Eddie Stobart models, three model trains and 13 model aeroplanes, leaving a total collection of 464 models. Once again, there are no duplications in the Collection. This compares to 302 Mini/MINI models, 28 Eddie Stobart models, three model trains and 11 model aeroplanes, leaving a total of 427 models on 31 January 2012. There was therefore an increase of 17 Mini/MINI models, one Eddie Stobart model and two model aeroplanes. There was no change in the size of the Collection from 31 January to 27 March. As anticipated, due to a number of events last year, such as the Olympic Games and the Paralympic Games, the pace of increase accelerated.

Following strong browser demand, in October 2012, Marc Bannister’s Blog at marcbannister.blogspot.co.uk was launched, which shares the model collector’s thoughts on the latest in the marketing and promotions of new model transport items and transport-related companies, along with the one exception of a post featuring a BBC Crimewatch video relating to the Lee Boxell disappearance. Following a re-launch as The Marc Bannister Network at www.marcbannister.net, with a more formal appearance and editing style, and a website design in keeping with the core Collection website at www.marcbannister.com, browser numbers have now reached high levels. Given the diversification of the Network in relation to the Collection, now with little in common, the Collection today (27 March 2013) announced the separation of the Network from the Collection, which now returns to its core purpose of collecting model transport models.

As at the close of trade on Friday 25 January 2013, the value of an IAG ordinary share was 223.00p, leading to a total value of 200 ordinary shares of £446. This compares with an ordinary share price of 177.90p at the close of trade on Friday 30 January 2012, which valued 200 ordinary shares at £355.80. The value of the stake in IAG has therefore increased by £90.20, or 25.35%. During the year, the company acquired bmi British Midland, and subsequently sold off bmi Regional and closed down Bmibaby. There has also been a restructuring at Iberia.

As at the close of trade on Friday 25 January 2013, the value of a Stobart ordinary share was 100.40p, valuing 100 ordinary shares at £100.40. As at the close of trade on Friday 30 January 2012, the value of a Stobart ordinary share was 128.00p, valuing 100 ordinary shares at £128. This represents a fall of £27.60 which equates to a 21.56% decline over the past year. This shareholding continues to be a long term investment. The ordinary share price of Stobart has continued to deteriorate, and on Tuesday 26 March 2013 (being the last business day before the release of this Annual Statement), the Stobart ordinary share price stood at 80.50p, valuing 100 ordinary shares at £80.50, a further fall of £19.90 or 19.82%. On Thursday 9 August 2012, Stobart acquired the car transporter Autologic for £12.4 million, and appointed Autologic Chief Executive, Avril Palmer-Baunack, as Stobart Deputy Chief Executive. On Monday 21 January 2012, the long standing Stobart Non-Executive Chairman Rodney Baker-Bates stood down and is now in the reduced role of a Non-Executive Director until March 2013. Avril Palmer-Baunack took over as Executive Chairman, being promoted from Deputy Chief Executive, whilst another Non-Executive Director, David Beever, also stood down. He will be replaced later this year. The company is in the middle of a three year corporate strategy, and changing direction or course of the company and/or its strategy at this stage may add further uncertainty to the long term value of the business.

I see another good year of transport collecting in prospect.

Marc Bannister, BSc

27/03/13

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The Marc Bannister Collection announces its intention to separate The Marc Bannister Network

The Marc Bannister Collection (“the Collection”) today (27 March 2013) announces its intention to separate The Marc Bannister Network (“the Network”) from the Collection.

Since the formation of Marc Bannister’s Blog in October 2012, and its subsequent re-branding as the Network in March 2013, there has been a diversification in the strategy of the Collection which, if continued, will result in a lack of focus in the Collection’s core purpose of acquiring limited edition die-cast miniature transport models.

It has therefore been decided that both the Collection and the Network would obtain their best chance of success in the future if they were run separately and independently from each other, albeit still having a common association.

The Marc Bannister Collection will retain control of the “Marc Bannister” name, the domain names www.marcbannister.com, www.marcbannister.org, www.bannistercollection.org and www.modelcollection.org. It will also retain the Twitter account User name twitter.com/MarcBannister.

The Marc Bannister Network will obtain the domain names www.marcbannister.net, www.highson.net and will obtain the twitter.com/TheMBnet Twitter account User name. It will also obtain the Bebo account www.bebo.com/Marc_Bannister, the Myspace account www.myspace.com/MarcBannister and the YouTube account www.youtube.com/HighsonBannister.

The completion of the separation will occur in June 2013. A further announcement will be made in due course.

Marc Bannister BSc today said:

“Following the separation of the Network from the Collection, there can be greater focus, enhanced flexibility and operational excellence from both creations”.

Notes:

1. The Marc Bannister Collection was established in July 2001 by Marc Bannister and today comprises 464 transport models.

2. The Marc Bannister Network is available at www.marcbannister.net.

All enquires to contact@marcbannister.com

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Marc Bannister’s Party Popper

The Marc Bannister Collection, a unique collection of limited edition die-cast miniature transport models, today (26 December 2012) announces that its Collection has further expanded.

Following an addition of one Mini Cooper model, three further model cars and a Cathay Pacific model aeroplane, there are now 319 MINI Cooper models, 13 model aeroplanes and 464 transport models in total.

In addition, with 319 MINI Cooper model cars, The Marc Bannister Collection now owns one of the largest private collections of MINI Cooper models in the United Kingdom.

Marc Bannister BSc today said:

“Following further expansion, a major milestone has been reached as the Collection now boasts one of the UK’s largest private MINI Cooper model collections”.

Notes:

1. The Marc Bannister Collection was established in July 2001 by Marc Bannister and today comprises 464 transport models.

All enquires to contact@marcbannister.com

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The Marc Bannister Collection announces the launch of Marc Bannister’s Blog

The Marc Bannister Collection today announces the launch of the second stage of its strategy, that of “Marc Bannister’s Blog”. This is now available at marcbannister.blogspot.co.uk.

Marc Bannister’s Blog, to be edited by Marc Bannister himself, shares his views on the marketing and promotions of new model transport items and the marketing of transport-related companies.

The launch of this Blog is in response to strong browser demand.

Marc Bannister today said:

“It is with great pleasure to reveal my new Blog. This new Blog will enable the Collection to reach a whole new audience and target market whilst retaining its existing browser base, whose demand has now been satisfied.”

Notes:

1. The Marc Bannister Collection was established in July 2001 by Marc Bannister and today comprises 459 transport models.

2. Marc Bannister’s Blog is available at marcbannister.blogspot.co.uk.

All enquires to contact@marcbannister.com

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Marc Bannister’s Annual Statement 2012

It has been over ten years since I started professionally collecting model cars. Since then, all aims, objectives, goals and targets have been exceeded. The year-end remains at the end of January as opposed to the end of December due to the New Year’s celebrations.

In July 2001, there was just one car and half a dozen Eddie Stobart lorries. Over the past ten years, the target has been to add at least 20 models (primarily cars) to the Collection. This has been exceeded each year without exception, with an average increase of 22 models per year. The major year of growth was in 2006, when 47 models were added. The most notable events since 2006 were the diversifications into the train and aeroplane sectors. There are some opportunities to dramatically increase the size of the train collection from three models over the next year, and the merits are currently being explored. However, no expansion of the aeroplane division is expected for the foreseeable future. A fifth division, that of model buses, has just been set up last month, but is likely to remain with just one model for the long term.

The past year has seen modest and steady growth, with the added benefit of The Royal Wedding, which added further to the Collection. The biggest milestone was reached at Christmas, when the number of MINI Coopers surpassed 300 models. As at 31 January 2012, there were 302 MINI Cooper Models, 28 Eddie Stobart models, three trains and 11 model aeroplanes, leaving a total collection of 427 models, an increase of just one model over the course of the year, due to re-classifications of less valuable items and disposals of duplications. Once again, there are now no duplications in the Collection. This compares to 289 MINI Models, 26 Eddie Stobart models, two trains and 11 planes on 31 January 2011. There was therefore an increase of 13 MINI Cooper Models, two Eddie Stobart models and one train, following the purchase of a Harry Potter train actually purchased in 2010 finally being integrated into the Collection. There was no change in the size of the Collection from 31 January to 27 March other than the addition of one model bus. However, due to a number of events this year, such as the Olympic Games and the Paralympic Games, the pace of increase is likely to accelerate in the coming year.

The Listed Investments comprising of the International Consolidated Airlines Group, SA “IAG” and the Stobart Group Ltd “Stobart” continued to change in value.

As at the close of trade on Friday 30 January 2012, the value of an IAG ordinary share was 177.90p, leading to a total value of 200 ordinary shares of £355.80. This compares with an ordinary share price of 261.00p at the close of trade on Friday 28 January 2011, which valued 200 ordinary shares at £522. The value of the stake in IAG has therefore fallen by £166.20, or 31.8%. Despite this sharp valuation drop, as the share purchase was exclusively for customer discount reasons, there is not expected to be any open market sale at any price, and the holding is expected to be retained for the foreseeable future unless there is a minority squeeze out due to an unwanted hostile takeover bid (such as by a private equity firm or a Middle-Eastern competitor). Therefore, the valuation of shares in this company has no material impact on the value of the Collection. The IAG share price was impacted in the prior year by the merger between British Airways and Iberia.

As at the close of trade on Friday 30 January 2012, the value of a Stobart ordinary share was 128.00p, valuing 100 ordinary shares at £128. As at the close of trade on Friday 28 January 2011, the value of a Stobart ordinary share was 145.00p, valuing 100 ordinary shares at £145. This represents a fall of £17 which equates to an 11.72% decline over the past year. This shareholding continues to be a long term investment. There have been a number of successful developments at Stobart over the past year, most notably the successful redevelopment of London Southend Airport and the continuation of the Channel 5 documentary series “Eddie Stobart: Trucks & Trailers”. However, this has been more than offset by the continued delay in the proposed redevelopment of Carlisle Lake District Airport and the re-purchase of the Moneypenny Property Portfolio from W A Developments Holdings Ltd.

As has been well publicised by the financial press, both of the above companies are interested in certain separate assets of British Midland Airways Ltd and an outcome is awaited in the near future.

Due to the major sporting events later this year, I anticipate another good year of growth in prospect.

Marc Bannister

27/03/12

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