Share Name Share Symbol Market Type Share ISIN Share Description
Stanley Gibbons Group LSE:SGI London Ordinary Share GB0009628438 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00p -16.33% 5.125p 5.00p 5.25p 6.125p 5.125p 6.125p 1,409,865 12:49:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 42.5 -30.2 -16.1 - 9.17

Stanley Gibbons Share Discussion Threads

Showing 6926 to 6949 of 6950 messages
Chat Pages: 278  277  276  275  274  273  272  271  270  269  268  267  Older
DateSubjectAuthorDiscuss
23/11/2017
09:48
Down yet again. Will the last shareholder left standing please visit the offices and make sure the lights etc are turned off. A classic example of how to destroy value - Case history should be included in all Business School courses.
pugugly
22/11/2017
18:46
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 .
superiorshares
22/11/2017
10:33
pre, no point in making such obvious comments on here. No-one else gets it.
jasdan
22/11/2017
09:42
sitting takeover target now imo...liabilities relinquished as no longer need to support subsidiary...cashflow will benefit too imo, dyor:-)
pre
21/11/2017
18:05
Jasdan .. if you are talking positives from that statement. you are seriously deluded brother !..The next set of results will report a loss .
superiorshares
21/11/2017
15:51
Blimey so jasdan there are £54m "contingent" liabilities that are not even on the balance sheet? I thought everything was transparent here now.
orinocor
21/11/2017
14:38
Spot on PUGUGLY. The lights seems to be turned down here now, seems like the dimmer switch will be turned slowly down to extract the last pennies left in the meter, which seems to be in much need of being topped up but with little likely-hood of anyone coming to rescue those still left in the room. They will try leaving this in the hands of PI`s who dream of making a killing.
clocktower
21/11/2017
13:47
jasdan: If you owe your bank a lot of cash the relationship is always constructive as they want to get back as much as possible - if you owe them not much they tend to be far more agressive - Look at ALPH Their bank is "supportive" as they reckon they will get more cash back by allowing the business sell off parts, than they would get by putting into adminisrtation
pugugly
21/11/2017
13:36
"The measures announced today will fundamentally limit the exposure of the Group to the buy-back liabilities and remove the cash-flow burden associated therewith." If that is not a positive statement, then what is? These liabilities that the Company is now ringfenced from amount to £54m of contingent liabilities plus £11m further liabilities already on the balance sheet. That is £65m of liabilities that the Company is ringfenced from. How can that be bad for shareholders going forward?
jasdan
21/11/2017
13:28
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
jasdan
21/11/2017
13:24
Subsidiary dependency reduces cash flow burden as mentioned in post 3164 plus it's ring fenced therefore will be better for SGI now going forward imo.
pre
21/11/2017
13:22
Time Gents! and that does not mean time to buy another pint. So much for buy-back guarantees - the only guarantee is that the tax man continues to draw blood come what may, and death comes nearer every day. Time this was put out of its misery imo.
clocktower
21/11/2017
12:43
One hell of a mess - https://www.investegate.co.uk/stanley-gibbons-grp--sgi-/rns/update/201711211215021147X/ Agreed re Gernsey but I suspect there may still be claims against SGI - Might well be a lawyers field day - Depends on how well Guernsey ring fenced. The Coys lawyers should have done a great job but those holding buy back guarantees will have their lawyers looking for any potential holes in the separation of liabilities. (imo)
pugugly
21/11/2017
12:29
end of FSP... SG Guernsey in administration, reducing the cash burden on SG plc... "Hence, the Group will be free to continue to trade in the normal course of business without the cash-flow burden of the buy-back guarantees."
sikhthetech
16/11/2017
22:29
Nice 720,000 buy ....
ragewarrior
13/11/2017
20:51
Like everyone else, I do not know if SGI will be reporting a profit when they update us again at the end of December, but one thing's for sure - their losses will be sharply reduced. They have cut their staff numbers by half, their wageroll has been decimated. And all these auctions are getting and keeping the wonga flowing in. So, although cashflow is tight, I would guess it is slowly getting a lot easier. And then there is the culmination of the formal sales process. As certain unwanted parts of the operation are divested, so we must return to a profitable, albeit smaller entity. As to what it is then worth? Who knows, but it is going to be somewhere between 6p a share and £4 a share, and my guess is eventually it will be the high double figures to low three figures. Current share price completely undervalues SGI, but they have no institutional support at the moment. According to the December Gibbons Monthly magazine, the recent SGI Indian States sale went rather well - should be good for sales.
jasdan
09/11/2017
20:19
Two things to consider 1. Stanley although should not have the huge losses at the next results, as the previous results were exceptionals in the main. It still doesn't mean they will report a profit ?.. still a very good chance they will report a further loss ? 2.. A major stock market correction will happen sometime , some say its long overdue ?. now that would seriously cane the share price !
superiorshares
09/11/2017
19:56
sikhthetech.. in the results they said it was unlikely that they would receive a bid for the company. Their is a possibility they will receive a bid/s for portions of it ?.. don't get too excited .
superiorshares
08/11/2017
17:02
I hope we hear about the FSP soon... if there are more than 1 bidder then it could get interesting... The next TU could be interesting, if they can continue to service/reduce the debt and increase the core business...
sikhthetech
08/11/2017
10:28
Pugugly, you need to look more closely at last month's update. First you will note that it is for the period up to end of March 2017. It is now November. We are over seven months later on, and the financial position of SGI is not as stated in update. What you are failing to especially take account of is that if you just value SGI on a net assets per share basis, then you need to understand why the net assets are that value. It is because of the large amount of exceptionals / impairments / write offs etc which all form part of last year's trading. They are largely non repeatable. If you therefore redo the accounts without these impairments etc, the position dramatically improves, so the NAV would also sharply improve. Even in the introduction to the report, SGI comment that the trading losses will dramatically reduce [page three of the report]. Read it and then reconsider the situation. Look at the list of exceptional operating charges and cost of sales as broken down on page 12. Imagine the next update without these - the difference will be marked. Can everyone else please do this before responding?
jasdan
08/11/2017
10:12
L2 gone up again today, another delayed BUY should show after 16:35...
ragewarrior
07/11/2017
21:11
Heres my ten year view. should it not go bust shortly ?.. share price will be 5 pound plus .
superiorshares
07/11/2017
18:11
jasdan - How ndo you reconcile your target price of 25-50p with net assets per share as per accounts of 10.1p per share. Intangible assets " Intangible Assets Except for those acquired in the Noble & Mallett acquisitions, no value is attributed in the consolidated statement of financial position to the Group's brand names, the value of the Stanley Gibbons stamp referencing system, editorial intellectual property or its database of customer lists as an accurate valuation of these items would be impractical to establish and the capitalisation of internally generated assets is not allowed under IAS38. External costs incurred in the development of the software for the Digital Asset Management system and the redevelopment of the Group's websites have been capitalised and are being amortised in accordance with IAS38. " Also "Basis for qualified opinion on the financial statements " Needs an hour or so of spreadsheet work and digging into old accounts (imo) to quantify possible downside risk. (neither time or wish to do at the moment - too much uncertainty) Goodwill (If I am reading the accounts correctly) as at 31st March and included in net asset value was £7.77 million - v- Market cap per advfn of £12.3 million. Basically having studied the accounts I have a MASSIVE HEADACHE - Decision Keep finger off buy button for the moment until fog clears a bit.
pugugly
07/11/2017
17:13
Frankly, the company is not being valued properly by the market, and this is the problem that I have been highlighting in previous threads on here. The current share price frankly indicates the company is going to go bust and would have been an inconceivable share price in 2014. But actually, all it represents is a company that is completely oversold, with no analysts backing it or covering it. As an AIM stock, once it breached its banking covenants it could not really be covered by any financial institution, and therefore the current share price is just what small investors have chased it down to. Therefore we can get a relatively large % change through very little turnover, and in the event of a positive update on the FSP, the price will probably rapidly recover to 25p - 50p range. That sounds ridiculous now, but then again, a 7p price sounded ridiculous in 2014. Chuck in a few bid rumours, a complete cutting in debt, a halving in the payroll count, and a more liquid company once the FSP is concluded, and you will have a dramatically changing share price. Believe me, you'll thank me when the price jumps.
jasdan
Chat Pages: 278  277  276  275  274  273  272  271  270  269  268  267  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:32 V: D:20171123 13:11:42