Stanley Gibbons Share Discussion Threads

[cockneyrebel] 16/1/2004 16:18

I'm looking to add too, more than happy to pay 48p, hoping for a bit less perhaps.

CR

[gateside] 16/1/2004 16:05

I missed out on buying, before the recent price rise, as i did not have the funds available, now the money is ready now and I'm waiting to buy, so am pleased to see this fall back a little.

I can see this dropping back to around 45p?

I am new to this share, so would welcome any other thoughts as to what it might drop back to?

Thanks

[nurdin] 16/1/2004 13:17

Too right M0123...70% eps growth year on year isnt fanciful.With forward PE of less than 9..these look seriously cheap.

[mo123] 16/1/2004 13:04

With SG's Internet sites now up and running, the cost base is more or less fixed. This means that as more customers sign up, there is increased potential for bottom line profits to grow quickly.
As the brand name is internationally known I'd imagine these are the sites potential customers will seek out.

[cockneyrebel] 16/1/2004 11:47

Article above doesn't mention their other site:



CR

[nurdin] 16/1/2004 11:47

Will soon see advertising banners on their websites.With 8m hits per month clients are lining up to place their companies on their websites.This will be another source of strong income...so I have been told :o)

[cockneyrebel] 16/1/2004 11:32

The thing that struck me was that the internet is just the place for this sort of thing.

Took a look at the websites, very interesting and well constructed.

CR

[nurdin] 16/1/2004 11:24

''ebay of stamp collecting''...like it lol

[nurdin] 16/1/2004 11:18

Found this on google search:

Stanley Gibbons International, the world's most famous, established and successful stamp dealer has reached out to millions of new customers with a series of highly successful, unique and fully e-commerce enabled web sites. Abacus e-media is helping Stanley Gibbons achieve its business objectives.

Paul Fraser, Chairman of Stanley Gibbons, is delighted. "For any 'collectables' business, the internet clearly offers enormous opportunities. For example, there are an estimated 30 million stamp collectors world-wide, of which roughly 150,000 are in the UK. That gives you some idea of the internet's potential. Stanley Gibbons is delighted with Abacus' services in helping the company reach this giant market."

The key e-commerce site is the highly innovative stampsatauction.com, which allows collectors and dealers to buy and sell their own stamps – from the Antipodes Islands to Nova Scotia. Its sister site, allworldstamps.com, nothing short of a comprehensive listing of all the world's stamps with free access, is designed to draw enthusiasts to the e?commerce sites.

stampsatauction is a big-concept site: the central, global market for buyers and sellers of stamps. "Abacus was able to give us everything we needed from step one," comments Paul Fraser. "Our ambition is to be the e-bay of stamps, and within the first month we had more than 3,000 items on sale."

The complexity of building such a site is not to be underestimated, despite the clean design and easy-to-use interfaces. "These sites are highly interactive," comments Paul Fraser. "On stampsatauction, not only can you enter your purchase search – by stamp type, value, catalogue number, postal authority and more – you can enter full details of stamps for sale, too, even specifying the auction period."

Despite the complexity of having possibly millions of collectors logging on, buying and uploading details of stamps for sale, Paul Fraser is totally confident: "Stanley Gibbons leads the market in collectable stamps, and in serving customers. Abacus' ability in delivering exactly what we want is essential and central to what we are achieving."

[nurdin] 15/1/2004 13:11

ermm...why are you glad its going nowhere?I am waiting to top up if it slips...and might even do before then :o)

[clocktower] 15/1/2004 13:09

Yes all comments noted but I am glad it is going nowhere by the looks of it now until near to results. In fact can still see it slipping back a 1p or so before, then up and away again.

[daza70] 14/1/2004 21:23

my view entirely nurdin!! At the same time my thoughts above must be considered. I feel the potential here is massive; upcoming divi, eps, provide commerce stake, property rental, lovely chart long term etc!!

[nurdin] 14/1/2004 16:39

Fair point Dazza and I agree with you on your interpretation.However,the want book reflects the pent up demand for stamps and the size of the book at £10m to me reflects a huge demand.Also SGI have an established bank of clients which have been on their ledger probably for many years...I am told that most of the want book calls are from them.With SGIs reputation for service and reliability I have no doubt that the demand can be converted into firm sales.

[cockneyrebel] 14/1/2004 16:03

Can never understand those that sell 'safe' performers to chase riskier performers. Across the spread of stocks the growth non techs outperform the techs that have perceived growth. Just look at HRN - a boring little toy train company. How will that ever outperform the techs? (irony) :-)

CR

[nurdin] 14/1/2004 15:57

I see the '£1000' brigade are selling probably to chase telcos.They will regret come the results time I am sure.....

Still if the price comes down I will be adding big time....

[cockneyrebel] 14/1/2004 10:28

If the full year earnings are met as they say they will be then 3.3p eps for the year translates to 2.35p eps for H2. That's very strong rolling 6 month earnings growth and would suggest 5.7p broker forecasts for next year are not over-optimistic at all.

PE 8.5 at this price come the results and very strong growth

CR

[nurdin] 14/1/2004 10:22

yup...but but time scales are not guaranteed.They could fill that order within a year if theres supply...or it could take longer.

I queried the massive jump in earnings from H1 to H2 per brokers forecasts.

''Yes thats correct..but cant say much because we are in closed period'' was the reply. :o)

[cockneyrebel] 14/1/2004 10:10

A bit like a forward order book really then nurdin - interesting.

Worth posting the full senteance:

"The stamp market and prices of classic stamps are particularly strong at the
moment and we are leading with more dynamic pricing in our catalogues and the
adoption of an aggressive buying policy to reflect both supply and demand and
our increasing client wants book of over #10 million."

CR

[nurdin] 14/1/2004 09:26

I have been trying to understand the precise meaning of the term ''client wants book value of £10m'' reported at the interim stage.I understand it now...following a brief tutorial from the company ;o).It works like this: clients contact SGI to request a particular stamp. SGI try to fulfil that request by searching their data bases and keeping an eye on the market.Once they locate the stamp they supply it to the client.'Client wants book'' value therefore means the value of the requests they carry on their books.
£10m to me is a substantial book value and as the company has said ''reflects pent up demand..''.This demand is continuing .....

[nurdin] 13/1/2004 13:40

Good buying so far..hope to see price tick up soon...

[daza70] 12/1/2004 21:36

still creeping up $18.5

[nurdin] 12/1/2004 20:42

shucks..thanks..
I dont do charts barnetpeter...just the fundamentals and intitutive feeling about business models...but SGI chart looks great too :o)

[cockneyrebel] 12/1/2004 20:21

Yep, well done nurdin.

CR

[barnetpeter] 12/1/2004 19:57

Will the PRVD stake be worth more than SGI current cap? Stranger things .....

Lots of applause to Nurdin who kept this thread going when the rest of us were not very interested. I hold from the 30's and only topped up because of his excellent chart analysis.