Stanley Gibbons Takeover Rumours (SGI)

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Stanley Gibbons Takeover Price

Stanley Gibbons Takeover Forum Posts

16-12-2017
I hear that a very positive update is [for once] coming through on 29th. About time, although like many on here, I won't believe it until I see it. Still, it would make a nice change. Perhaps this is where Gibbons will at last advise that they have turned that corner that they keep on alluding to. Also, perhaps confirmation of progress on a new or renewed banking facility? And also, confirmation that debt is now coming down and is expected to fall much faster now that Guernsey has been successfully put into administration. If there is stable trading, the only problem then arising is that Gibbons' independence is going to be limited as I reckon we will get takeover offers early next year. It will be shame - but hopefully management will extract a good price. Anyone who can tie up an administration so efficiently can certainly get a good offer out of bidders.
22-11-2017
jasdan /pre .. your not getting it !. The share price is still going DOWN !... They sold nothing in the for sale process . In fact they completly forgot to mention the fact, they told everyone in the results, that one or more bidders were interested in parts of the company ??. The bankrupting of the subsidiary means nothing but a loss of 12 million stock for no return !.. Its a takeover alright at about a penny per share, no more than that . They are still going too have to service the huge debt but from what will be a very smaller company . That could be crippling . They again reminded people in the update that sales are slow in investment grade stock . That was your clue to their next profit warning. I said I thought it would go below 5p. Im in for the gamble at between 1p and 3 p .
sitting takeover target now imo...liabilities relinquished as no longer need to support subsidiary...cashflow will benefit too imo, dyor:-)
21-11-2017
Without the liabilities, this must be a takeover target? Perhaps now the directors can buy some stock - the company is no longer in a closed period? I note that wageroll is down sharply, that the coin business is doing well, and that the stamps remain subdued because of the previous working capital constraints. This must change going forward so it is surprising to see anyone selling out. On the contrary, this must be a target. Several times SGI comment that the relationship with their bank is constructive - this is positive as well
25-09-2017
after all this wait, we're now into the final week... We should get results and hopefully, news of any takeover, whether successful or not...
31-07-2017
I'm not sure how the delayed 'interiors asset sale' will affect any takeover bids.. The deadline is today... On Fri, I reduced my holding and will wait until we get some clarity, either way... If there's no adverse reaction after the deadline, today, I'll look at buying back the ones I sold...
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