Stanley Gibbons Share Discussion Threads

[gbh2] 07/10/2016 16:04

Buying at 11.5p spread not adjusted throughout the day.

[buywell3] 07/10/2016 00:22

Thanks Shanklin I hadn't read that bit when I last posted

It surprises me not , I expected even more options to have been awarded

[w1ndjammer] 06/10/2016 08:17

yes best to just go with the flow, there is always opportunities for
us mere mortals to make money, just need to play the rules.

WJ.

[gbh2] 06/10/2016 08:11

May was on again about Fat Cat greed but imo its so well established throughout the World that there's sod all she can do about it

[w1ndjammer] 06/10/2016 07:56

they are locked in for 3 years so not worth worrying about, at least it means

the co needs to still be trading in three years, and the share price needs to be above 11p

WJ.

[gbh2] 06/10/2016 07:38

Company directors are never slow at grabbing shares but this is the largest Grab I've experienced during 18 years at this game!

[njb67] 06/10/2016 07:37

14.7m shares is the equivalent of circa 7.6% of the company

[shanklin] 06/10/2016 07:29

"The Stanley Gibbons Group Plc (AIM:SGI) announces that on 5 October 2016, the Company granted options ("Options") over a total of 14,760,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") pursuant to the Stanley Gibbons Group Share Option Plan 2010. Of these Options, 6,600,000 were granted to Persons Discharging Managerial Responsibilities ("PDMRs") on behalf of the Company, with 8,160,000 granted to other employees.

The Options are exercisable at 11.0 pence per Ordinary Share, being the closing mid-market price of an Ordinary Share on 4 October 2016. The Options shall vest and may be exercised at any time on or after 5 October 2019, being the third anniversary of the date of the grant. The Options will lapse on the tenth anniversary of the date of grant."

Have SGI found a new way to upset shareholders?

[buywell3] 06/10/2016 00:39

So will the BOD now award themselves some options at the current share price ?

For their sterling work outlined above

[w1ndjammer] 05/10/2016 08:54

larva

Business Rationalisation

In addition to the measures outlined above, the initial actions of the business rationalisation exercise have been directed towards realigning the business around predictable revenue streams, such that the Company does not have to rely upon material one-off high value sales or major auction consignments to achieve profitability, and in developing coherent and reliable plans for the underlying businesses that will enable the Group to operate within its available funding resources. In particular, the following has been achieved:-

-- the target of reducing annualised operating costs, by not less than GBP5 million, has already been exceeded and this process remains ongoing with further savings identified;

-- the Interiors Division has been comprehensively restructured over the last six months leading to a significantly reduced cost base (including the disposal of leasehold interests in New York and London as announced on 24 May 2016) to accommodate a lower and more realistic revenue target. The division is currently operating broadly in line with those revenue targets and, as the effects of the cost-cutting come through, should begin to return to profitability once more;

-- the Company is undertaking a full review of its E-Commerce strategy which will refocus resources upon selling its own proprietary assets of high class collectibles and world renowned publications. The Board continues to believe there is an opportunity to grow online revenues and, at the same time materially reducing the monthly cash outflow;

-- the Group continues to operate within it's available funding resources and, indeed, has been able to reduce the amount of the term loan with part of the proceeds from the disposal of its leasehold interests;

[njb67] 05/10/2016 08:33

Big test for the new management to turn this around. Materially reducing their (inflated) stock holding at acceptable prices over the next year or two will be key to their future prospects. I remain to be convinced.

[larva] 05/10/2016 08:29

not when they burning cash at speed

[w1ndjammer] 05/10/2016 08:10

well I am in profit, long term investors will average down as confidence returns
big stamp auction this month happy days

WJ.

[gbh2] 05/10/2016 08:03

Another clown Filtered.

[larva] 05/10/2016 07:14

This is going to 0p

accounts are produced on a going concern basis, oi vey!!!

[waldof] 04/10/2016 15:43

Griffiths RNS soon i would hazard, big help if it were to appear.
It is obvious he is a seller and who is going to make life easier for him?
RNS from him, a bit of director buying and things may look a little better.Touch of wishful thinking but perfectly possible none the less.

[gbh2] 04/10/2016 15:20

Investors champion? ?

Sounds like another Share prophets! !!

[waldof] 04/10/2016 13:35

It is worth remembering that there is always someone who knows more than you, it may of course be that they know things are actually worse than they appear.

As there are certainly some high rolling 'idiots' ( if the bears are correct )about in SGI today.

Some major buys 2mill x two with no special conditions unless the MM chose to openly tell a whopping lie and not disclose.
So someone thinks they know something.

Just commenting not advising.
Have a modest amount and am at a loss but not by much.

[kev0856153] 04/10/2016 13:25

From the Investors Champion link above.

"The overall decline in the business is one thing, but shareholders will probably be most infuriated by the astronomical level of Directors’ remuneration given the equally astronomical underachievement of those same individuals. While shareholders have been all but wiped out, the Chief Executive received a combined £599k over the past 2 financial years."

and


"While the old philatelic name of Stanley Gibbons may well survive in some form, we struggle to see how the currently listed Stanley Gibbons Group PLC will be around for much longer. The parlous state of its balance sheet and requirement to profitably convert a large amount of inventory into cash in fairly quick time doesn’t place the group in a very strong negotiating position in a market that is fully aware of its fragile state of affairs."

[kev0856153] 04/10/2016 13:24

hxxp://www.investorschampion.com/blog/entry/stanley-gibbons-aimsgi-you-cant-say-we-didnt-warn-you

[sikhthetech] 04/10/2016 12:53

I've bought some...

[waldof] 04/10/2016 10:06

Well someone buying big time.
Two 2,125,000 buys with NO special conditions..i.e late trade..T or whatever.
Has the big seller been cleaned out one may ask?
Richard Griffiths

[gbh2] 04/10/2016 09:56

So why are you still hanging around !

[larva] 04/10/2016 09:34

This is going to 0p