Stanley Gibbons Share Discussion Threads

[sikhthetech] 11/9/2016 22:16

I think the time limit is 6months after yr end, in which case by end of this month...

[gbh2] 11/9/2016 21:53

They must be nearing a time when they'll be legally obliged to post their figures.

[sikhthetech] 11/9/2016 21:27

Hopefully, they will announce their results soon and provide clarity on outlook...
A decent outlook and the share price will take care of itself...

[gbh2] 11/9/2016 08:46

Here's a comment by the man himself:

[gbh2] 11/9/2016 08:36

Graham, SG put a note out on the 25 July as follows:



I can't remember a RNS but maybe it's not obligatory in the AIM.

[graham1ty] 11/9/2016 07:42

Gbh I have just had an email from bidstart saying it is now called Hipstamp. No idea whether still part of SG or not. You may remember that bidstart was going to be the start of the new SG online platform. After about three years of development from their IT base in West Virginia, the founder Rosenberg left under a cloud.

Bidstart functionality was awful and was never going to compete with EBay. When I have a bit more time will poke around the Hipstamp site and workout wither bidstart has been quietly sold, or whether this is an SG relaunch ?

[gbh2] 09/9/2016 07:50

Graham, being a stamp collector I watched this from launch but didn't like the sp, when it hit 12p I started buying, sold out a couple of months ago and started buying back a couple of weeks ago so my history is quite recent.

[graham1ty] 09/9/2016 07:46

Gbh, fo anyone with a starting price of 10p, they are already doing well. For any holder from earlier, massive losses.......though thinking about this, about three quarters of the Register is new shares at 10p, so the majority of shares are in the money ( that does not duck that anyone with any history with this share is carrying massive losses)

[gbh2] 09/9/2016 07:12

My estimate of company value also anticipates an share price in the region of 20p but as I'm already sitting on a good profit it's what they have to say about the future that will determine whether I hold or sell.

[graham1ty] 09/9/2016 07:12

Jim, if they write off goodwill from acquisitions, write off capitalised IT, then write off the inventory, there is not much left. Look at the pieces I wrote on Stocko called Random Thoughts. At the last year end NAV was £82m, but £38m was intangibles, leaving NTAV of just £44m. The debt levels were rising, but offset against that the cash raised. Throw in some exceptional costs, another year of losses and NTAV might be somewhere between £30m and £50m. Of which £55m was inventory ( ie the business had negative assets if you ignored stock). So write the stock down by half and NTAV could actually be as low as £15-20m.

Which is 10p per share.......

[jim digriz] 08/9/2016 22:01

As long as the results are a proper professional kitchen sink job, getting all the bad stuff out and writing off anything that should be, so that we can move forward, that would be just great, thanks.

[graham1ty] 08/9/2016 20:13

I know the results were delayed as people were offered meetings on Wednesday.....

They were then withdrawn. It is almost six months since the period end......

Must be a few late nights arguing about what the auditors will let them get away with....

The volumes the last two days suggest they are imminent, and someone has seen sight of them.

One thing to remember, there are now 180m shares in issue. So, a rise even to 20p gives a market cap of £36m. If inventory is written down, and capitalised IT cost, then even the old net asset value of c £80m probably falls to £40-£50m.......not much more than 20p

[gbh2] 07/9/2016 16:38

I emailed and asked some time ago but not seen any news about it since they reiterated the reason for the delay.

That said the share price looks like we have a few hopeful punters :)

[graham1ty] 07/9/2016 13:33

I heard that results were due today ? I wonder whether they are imminent and have leaked today ?

[par555] 05/9/2016 11:49

gbh2,

More likely creative accounting than creative cooking you can smell !

[gbh2] 31/8/2016 09:17

I've been buying the dips and now waiting for the loooooong over due Results surely they can't stretch them any further than the end of September - Hope that's not a smell of cooking!!

[gbh2] 08/8/2016 14:18

Looks like the seller has given up waiting for the buyers to push the price back up. I'll have a few at this price if I can clear some cash on Wednesday.

[gbh2] 05/8/2016 15:23

Apologies, wrong thread !

[gbh2] 05/8/2016 15:22

Just looked to buy and can do so just over 14p.

[gbh2] 04/8/2016 09:57

Buying seems to have cooled, another 1p drop and I'll have some.

[moneybags] 01/8/2016 21:56

It say's something that they haven't fallen back during the current market slide/pull back.

Figures, Figures, Where are you....?

[gbh2] 01/8/2016 09:31

Looks like they're trying to attract sellers atm.

[clocktower] 01/8/2016 09:07

Nice start today, look forward to the release of the figures.

[gbh2] 29/7/2016 13:43

CT, The cash is still doing well on STAF up 12% + a good divided so wish you guys well here.

[clocktower] 29/7/2016 13:40

Volume on the move again, up and away again.