Stanley Gibbons Share Discussion Threads

[ygor705] 01/8/2005 17:11

Very strong rally ................ looking good for a run. MMs look to have been caught on the hop for a change! This is a thin market and the price could easily get squeezed up.

[wiganer] 01/8/2005 16:19

already at 100p on the offer

[its the oxman] 01/8/2005 16:10

set to break 100p on this rally

[wiganer] 01/8/2005 16:08

Looking VERY strong now.

[gregory0106] 01/8/2005 14:44

Also noticed that brokers (Squaregain - was comdirect) seem to running low on stock. This morning they would sell me 10K at 92p (why did I not take it???) but now will only sell in 1500 lots at 100p.

[darwar] 01/8/2005 14:43

Nice one Greg

[gregory0106] 01/8/2005 14:40

Bought on thursday at 91.5p & just took on some mor at 100p - now if only it can keep on going up at that pace I'll be back on my beech in no time:)

[wiganer] 01/8/2005 14:26

bumped, as main SGI thread lacks intraday chart

[xdavid] 01/8/2005 10:17

In my own opinion (well, not actually just mine), in an illiquid, usually lowly traded share like SGI, TA becomes pretty undependable since there is no 'mass market' informing it. However, if it brings in buyers, who am I to complain :-)

[wiganer] 01/8/2005 09:02

I'm afraid I'm pretty clueless regarding Technical Analysis, but I seem to recall that Chartists reckon that if the 50 day SMA breaks up through the 200 day SMA from below, then that is a bullish signal.

Is that right?

If so look at the chart above- seems about to happen.

[daza70] 01/8/2005 08:36

Its gonna move today

[stillbroke] 30/7/2005 09:20

Bought these back yesterday having sold in March. Should see solid progress from here I think. Couple of snippets:

Telegraph



Growing interest in philately gives Gibbons stamp of success
By Melanie Feisst (Filed: 30/07/2005)

Stanley Gibbons, the 149-year-old philately company, posted a 23pc increase in profits boosted by renewed interest in stamp collecting.

Chairman Paul Fraser said demand continued to outstrip supply of rare stamps. He added that "stamps as an 'alternative investment' continue their rise and move into the investment mainstream". The group's internet sites, which cater for philatelists, autograph-hunters and investors, had a 16pc increase in sales after traffic increased three-fold in the past year to 30m hits per month. Auction sales were also up 15pc.

First-half profits rose from £579,000 to £710,000 on sales up 15pc to £5.3m. A 1p dividend is payable on September 12.




Stanley Gibbons 1H Solid - Seymour Pierce

Friday, July 29, 2005 3:02:19 AM ET
Dow Jones Newswires

0652 GMT [Dow Jones] Stanley Gibbons (SGI.LN) 1H results are a solid set of numbers, and the company remains "bang in line to hit our aggressive full year pretax profit estimate," says Seymour Pierce. Highlights dividend increase is ahead of Seymour Pierce expectations. Company looks well-placed to continue its development into future years. Maintains estimates but increases dividend forecasts, and reiterates buy rating. Closed at 90p.

[elmfield] 29/7/2005 21:10

Seems we could be on another leg up, bit of press and away we go,
we need to remember though it was not that long ago we were buying in at 18p so how much higher? Wish I knew!

[skyship] 29/7/2005 16:39

574,000!!! - Is that a share buyback perhaps? Whatever, this looks right again.

The 200day MA has held and the 50day MA may shortly be crossing upward. This would assist another challenge at the important £1 level; thereafter a run to the top of the trend channel @ 120p beckons before end 2005. Happy to top-up @ 92p today.

[its the oxman] 29/7/2005 16:26

all pretty positive for sgi - bought back in today - reckon we could see a 10% rise short term - more if were lucky with main market remaining strong - fingers crossed.

[wiganer] 29/7/2005 16:15

574000?! that's about 2.5% of the company isn't it?

[don carter] 29/7/2005 16:12

ygor...someone else agrees, they just bought 574,000 at 92.1!...IMHO there's little downside from here and a safe 20% gain in a year...agree with you about next week's press/broker coverage.

[ygor705] 29/7/2005 15:36

OK guys...............you have convinced me. Have bought £5ks worth at 92p. The results look good, the yield's ok, the cash in the balance sheet has doubled over the past 12 months and the share price has not moved that much since this time last year. Similarly, prospective earnings look attractive and the PE looks too low for a well above average growth situation. Should run up a bit after the press writes up the story.

[gregory0106] 29/7/2005 15:24

I think we may start to see real movement next friday, once the IC reviews the results. SGI has long been one of their favourite shares.

[wiganer] 29/7/2005 12:05

Bought in today at 92p, having had an eye on and off for a year or so.

My reasoning for buying is this:

Balance Sheet NAV is c30p, meaning am buying future earnings for 62p. Based on current core business that is a decent price, not particularly cheap, but not bad. Lob in the potential SIF earnings, and it starts to look a bargain.

So, in summary- not much downside risk, more upside potential, makes this one a decent punt.

[jimmy cricket] 29/7/2005 11:50

These look good to me. And looks a well run co. too.

[xdavid] 29/7/2005 09:02

jwe, earnings in 2nd half are stronger - E.g. 2004 H1 1.68p, H2 3.28p. Almost twice as much dne in 2nd half. Rolling 12 months earnings are 5.73p. If there is the same % uplift in 2nd half earnings then we would be getting: 7.2p. Earnings from the Investment Fund increase this further.

This year we are also getting the accounting effects from moving to FRS accounting. This is purely a slighty different standard for setting out accounts and obviously doesn't actually affect changes in earnings one year to next. However, in the changeover year, the effect is to make the earning look slightly lessand therefore PE slightly more. For example, 2004 earnings have been restated (worked out under new standards) as 4.96p - down from 5.1p under previous standards. But the analyst estimate for '05 was done under old standard, so actually should be lowered down to 6.9p to show same 41% 2004 earnings growth. Which would make us clearly ahead of estimates.

All companies are going to be doing this but I think SGI have implemented it earlier than is mandatory for an AIM company.

You don't get quality companies like this on these ratings. And the addition of earnings from the investment fund guarantees that future estimates will be broken.

All in my humble opinion of course.

-david

[don carter] 29/7/2005 08:50

jwe....not my optimism just the broker forecast given by Sharescope...course the broker may have been optimistic but my estimate of the numbers does tally with it given that they always seem to do better in H2....and there's no reason to believe that'll be any different this time. Taking into account 'exceptional operating costs' the eps growth was 31%, or 46% without those costs, so 7.1 looks a reasonable figure, without factoring in any extra gains from the Stamp Investment Fund.