Scholium Share Discussion Threads

[gingerplant] 24/4/2015 08:27

Even more of a discount now despite drop in NAV - available at 40pps.

[aishah] 04/3/2015 11:19

Shares Mag had a postive write-up last week. Excerpt:
"Post-warning buying by directors sends a positive signal at scholium, unfettered by debt and with £2.4 million cash in the coffers as at 31 December. Unaudited net asset value of £10.5 million, equal to 77p per share, leaves asset-rich
scholium languishing on a 38.3% discount that will interest deep value seekers.

Shares Says: At 47.5p, Scholium looks oversold and could even draw a bid from a bigger player in the attractive rarities market."

Intereting.

[mach100] 25/2/2015 12:38

Starting to recover a little and indeed is up 7.37% today. There are almost exclusively buyers at this level. Now that it has poked its head above 50p it might be ready to reate as it is down 50% since its IPO.

[philanderer] 11/2/2015 17:42

Picked up Hargreave Hale`s holding who have dumped their complete 5% holding.. plus another 500k from somewhere ;-)

[mach100] 10/2/2015 14:47

Bouncing back a little on those massive director buys. Not sure how many readies the guy has but he sure put some where his mouth is.

[mach100] 09/2/2015 09:41

"The Board considers that a continuation of current trends would make it unlikely that revenues for the full year would be materially ahead of last year."

Did anyone else find the wording a bit strange? Has it intimated previously that Shapero books would be materially ahead? If so I can understand that it is correcting that impression. If not, it seems extremely weird wording to me. Dreadful update and am not sure the NAV will underpin it unless SGI decide to bid. SGI paid a 24% premium on Mallett and 11% over its 3 month average price so maybe similar upside could be achieved here in the event of a bid. Not sure that it has bottomed yet and there must still be some very sore holders from the IPO.

[jonwig] 09/2/2015 09:21

PUG - nor have I bought, as I know nothing about their business though I do have a few rare books (on my Kindle).

[jonwig] 09/2/2015 09:16

They seem to have turned £120,000 of stock into £140,000 of cash, which strengthens the balance sheet even more.

Valuation? I'd have thought that, like antique dealers, there's a certain market signal based on latest similar trades, and if they've any sense they will have been prudent.

At the moment they say reduced profits, not loss ... but that could change.

EDIT - see p18 of prospectus for valuation - it's "difficult".

[philanderer] 09/2/2015 09:16

Let`s see if Midas updates it`s 100p share tip ;-)

Midas verdict: The rare books market is little known outside rarefied circles, but collectors tend to be passionate about their hobby and willing to pay extremely high prices to secure what they want. Blackwell and Shapero are well-connected and the flotation proceeds should enable Scholium to grow fast. At 100p, the shares offer good value. Buy.

Read more:


77p NAV I see is unaudited.

[pugugly] 09/2/2015 09:04

jonwig: Agreed - now a slight bounce - BUT could this be another MALLET where after poor trading - when push came to shove - it appeared tht the stock was overvalued.

Do we know the basis of NAV calculation ? Cost of stock or written down cost of stock - Could make a big difference.

Watching but not jumping due to very thin market (ususally) and wide spread.

[wskill] 09/2/2015 09:00

As they say warnings come in threes what about stock valuations is it done by an outside party, if it is then the net asset figure should be correct.

[jonwig] 09/2/2015 08:49

Interesting reaction to the profit warning here.

The balance sheet is clean, with net assets of 77p/sh, but the share price drops to a discount of 30%. Even discounting the stock value that looks a bit harsh.

Free float probably about 50%, so a thin market? Quote seems to be 52-55, is that right?

EDIT: 45p now! How interesting!!

[philanderer] 03/2/2015 13:46

Spot on Mach.

New low... 67p bid now

[mach100] 03/2/2015 11:59

A lot is dependent on the The European Fine Art Fair next month. It would be useful to know how this performs as revenue was very much weighted towards the second half of the financial year. A poor showing would probably knock 15 to 20% off this, despite how far it has fallen already.

[philanderer] 27/1/2015 09:06

Oh dear... 5000 sold @ 68p .... dog of the portfolio by a mile.

[philanderer] 21/1/2015 20:19

Blimey, just the one trade today.. 1700 sold @ 73.2p and the bid held at 73p ;-)

[philanderer] 19/1/2015 08:44

Nice start to the week.. 2000 shares sold takes us to a new record low bid of 73p.

Down an easy 9% in five trading days :-)

And still not a buyer - director or otherwise - in sight.

At this rate , worth zero by april 27th ;-)

[philanderer] 18/1/2015 16:30

Interesting article, Qatari`s could be the new Russians ;-)

'Russian tourist spending in UK down 28%'

[philanderer] 15/1/2015 15:37

Another 5,500 dumped ... not a single buyer in sight.

New low of 74p bid.

[philanderer] 13/1/2015 09:50

597 shares sold and the bid drops another 2p .

We can all move this price by the look of it and not a buyer in sight.... Interesting to see what a few director buys might do , but it doesn`t look like happening.


edit:

another 2500 @ 76p sell and now down to 75p bid.

[philanderer] 12/1/2015 19:35

Evening Trekker, definitely patience required.

Like you I`m holding a few for portfolio diversification.

As the company said in the interims , they`ve bought the 'high quality stock', it`s just a matter if they can sell it in the principal selling season in the second half of the financial year now.

Fingers crossed .

And xd on thursday for the 0.5p ;-)

[trekker60] 12/1/2015 18:49

Philanderer: "No interest whatsoever, no trades........"
I bought a small holding in this a few months ago as an alternative investment/below the radar type investment - and as such, I fully expect that the only influence which will (hopefully) drive the price up in the longer term is results. So no real surprise that MMs are currently trying to generate a bit of business by reducing the share price. In the absence so far of any definite bad news, for me, the original investment case still stands. One for the patient, I think, unless any definite negative news emerges to cause a rethink.

[philanderer] 12/1/2015 17:07

No interest whatsoever , no trades , marked down again.

All time closing low quote:

78p - 79p

[philanderer] 17/12/2014 22:48

Shapero Rare Books - large feature in Moneyweek..