Stanley Gibbons Share Discussion Threads

[abergele] 16/12/2005 16:26

Skyship,

Have to pay for a position on Antisoma ,so tried to weigh up which was the best, have sold here too.

May be back if we get lower levels,but its a one you have to hold a while,and timing will be crutial...imho

[skyship] 16/12/2005 16:18

I've reluctantly reduced an overweight position as I think the Stamp Fund, though perhaps not stillborn, has been severely hampered by "Gormless Gordon's" 11th hour backtrack on alternative SIPP investments; and no doubt by the FSA insisting on a ludicrously high minimum investment.

I may be wrong, but I see the heavy hand of inexperienced bureaucrats in that £20,000 minimum - their way of protecting the smaller, innocent PI who of course doesn't understand investment risk!

I was overweight due to the potential upside from the SF, so have now reduced to a standard holding.

[abergele] 16/12/2005 10:17

Yes its a bit dire if we follow the charts, ,,they have not gone to plan , and I see entries at 83-85p if it keeps this momentum up...

Sikthetech,
Yes £20k is out of my league, but the likes of Kean.Beckhams etc, overpaid bxxxxxxs, its only half a weeks wages to them.
they probably gamble as much on poker or horses these football types,

[gregory0106] 16/12/2005 09:02

Market is drifting lower. Seems very little christmas cheer coming from SGI this year.

[sikhthetech] 14/12/2005 18:57

abergele, I too collect rare stamps, mainly victorian and have seen a good rise over the last 3/4 years.
However, I think the stamp fund is badly structured. It was a brilliant idea which is being marketed badly. Very few people will invest a minimum of £20K, even avid stamp collectors. The other thing is the charges left, right and centre.
This fund was correctly aimed at sipps but it is unlikely to happen...
Saying all that, SGI is cheap without the fund and is worth at least 120p, imo.

Good luck all.

[abergele] 09/12/2005 10:54

mgpp,

By the looks of the share price , that factor seems to be priced in,..imho

[gregory0106] 09/12/2005 10:47

Anyone knoe when is the next trading update due (I see Amla mentions 23 Dec, is it then?)

[mgpp] 08/12/2005 20:50

The Chancellor announced in Monday's Pre-Budget Report that new rules on Self-Invested Personal Pensions (Sipps) would exclude all residential investment properties along with other assets, such as antiques.

[amla] 06/12/2005 20:52

We will have to wait and see what the RNS about subscription to the new fund tells us.
If it is oversubscribed then the share price will fly.
SGI has a habit of issuing RNS's late in the day.Maybe we should wait until a few days after December 23 2005 to know.
I wish they had put the original investment in the Rare Stamp Fund at less than £20,000.....in which case,I would have invested as they almost guarantee 10% per year and will give themselves a 20% bonus if increases exceed 150%.
Correct me if I'm wrong as am already into the vino branco.

[irenekent] 06/12/2005 16:55

Seems that stamps will not be eligable for SIPPs after all come April 6th 2006. I wonder if this is going to put buyers off.

[orange1] 05/12/2005 20:51

Looks as though SGI should have held on to their holding in Provide Commerce. Provide are now being bought by Liberty Media and SGI, if they had held on to their stake, could have bagged an extra 2 mio stg or so. Ah well!.....

[abergele] 02/12/2005 20:54

As an avid stamp collector of medium quality stamps(specimens),I feel excited by the move into this fund being put forward,by Stanley Gibbons.

These stamps will only be of the highest quality, and believe me they exist,and far beyond the pocket of the average collector, they will be of blocks, errors,old specimens,unperforated errors etc, colours missing, and everything from the uk to about the globe, mainly in unmounted mint condition.

These stamps have been increasing in value year on year, the world-wide interest,even from the Orient now, has been making it extremely dificult to obtain specimens, they are as much collectable as rare oil paintings, and the increase in footballers wealth,ie.£70-90K per week, or BECKHAM's £47500. per day,, will make these stamps, through their advisers and accountants, form an interesting investment, for a 5-10 years span retirement pension.

People with cash to hide have been harvesting stamps for years...

So, I myself feel extreemly confident of its success

[ygor705] 02/12/2005 17:51

If the EPS forecasts for SGI are to be believed this share is a raging buy at these levels. The only thing that puts me off taking a more substantial position is those damn Directors' sales just after the last results.

[sheeneqa] 02/12/2005 16:29

Think patience will pay off, not a holder but as I posted before the fund is being pushed by certain yank newsletters.......

[amla] 02/12/2005 15:42

If it was a rare wine fund would it do better?
Collecting stamps is very specialised and to many people is something that children do.This is one reason for the lack of interest in SGI which should be at 120p IMO not farting around where it is now.
This is ,as far as I know,an honestly run business which has adapted to on-line trading and has consistently upped the share price until the performance this year.
It is not exciting enough for day traders and too small for the big boys.Pity,because I bought some @ 101p absolutely convinced that there was a nice rise to come.That was months ago...frustrating!
In future(if I have any money left,that is)I shall only invest in "popular" small stocks that are always on the BB's radar.

[ygor705] 30/11/2005 18:14

Still think that this share should be performing a lot better than it is. The world is awash with money at the moment and both Middle Eastern investors (aka the P&O takeover) and vulture funds are looking to invest in traditional UK companies............and how much more traditional can you get than Stanley Gibbons? Add to all this a gold price at US$500 per ounce and a general revival of interest in commodities as a hedge against inflation and this share ought to be a no brainer. And yet.................... All very puzzling but the new fund ought to do well even with a big upfront number required. Its chicken feed in the investment world and if you have to have somebody managing it for you SG are the people to be with in this particular neck of the woods. I'll be surprised if it bombs.

[sheeneqa] 30/11/2005 17:26

Getting plugged big style in USA, may see a lot of interest in the fund and the share price could spike upwards in the next few days.........

[robsy2] 30/11/2005 13:09

I am more positive. This fund will put stamps on the investment menu for many more investors.
If anyone can make it work it will be SGI. I would be very surprised if didn't already have a clear idea of what was required from the fund and who would buy it. I would imagine they have investment house that are prepared to buy the fund. As such I think it will be a runner.
The costs are typical of any mutual fund.
The key point for me is that a new asset class has been created and it is timely because soon UK residents will be able to invest in this type of fund and get tax breaks for doing so.

[xdavid] 30/11/2005 10:51

There's also a newer thread :-)

[gregory0106] 30/11/2005 08:25

Press didn't seem very keen on the new stamp fund. Been decribed as a gimmicky investment alongside ostridge farms etc and too costly in terms of fees and suggestiond that Gibbons will churn the stamps held as they get ££'s from sale & purchase.

Hopefully once thoses with the real money (and those who advise them) see how quickly stamps are rising in value they all want to be on board, but till that happens I don't see it doing much for the share price - unless of course an invest Co decides it wants to take control and launches takeover for SGI - now that I can see in medium / long term and so am holding on to my 10K shares.

[gengulphus] 25/11/2005 15:35

Hmm... Money tied up for 5 years with no control over whether it is then realised. An initial charge of 5% and an annual fee of 1.5% - so roughly 12.5% of your investment disappears in fees over the term. Hopefully some of that can be recovered through rebated commission in some way, but...

I know which side of those fees I want to be on. I think I'll stick to investing in SGI shares and give their Rare Stamp Fund a miss!

Gengulphus

[riskblue] 25/11/2005 15:35

I'm a bit concerned they appear to have gone out alone. I was expecting a tie up with a much bigger investment house, opening up the opportunity to investors who might not have previously considered stamps. Could take a long time to build, hence no immediate market reaction today?

[abergele] 25/11/2005 13:21

A very exciting time for shareholders and collectors of stamps in general.

[skyship] 25/11/2005 11:49

After what must have been an epic battle with the FSA admin machine, Stanley gibbons (SGI) has finally emerged triumphant with approval for their Rare Stamp Fund:



The minimum subscription level seems higher than I would have expected - no doubt down to an FSA ruling that a £5000 investment would somehow infer lack of investment knowledge!! Bizarre, but the sort of thing the FSA would do. Nevertheless, I feel that this Fund could confound all expectations on the upside; and success will not only provide substantial management fees, but also the oxygen of publicity for philately in general and Stanley Gibbons in particular.

SGI is the market leader, is a business that has been transformed over the past 2/3 years, yet is still on a conservative rating. Broker forecasts are for earnings of 7.1p this year and 8.5p next year – ie, @ 87p, PEs of 12.3 for 2005 and a mere 10.2 for 2006. I say mere because in my view this stock is due the sort of rerating it achieved back in QTR 1'04 – certainly the highly regarded Bedlam Asset Management seem to think so as they have recently built up a 4.4% stake.

As yet the share price hasn't reflected today's news – but the weekend press could well pick up on this story, in which case the share price is once more likely to challenge its 2005 resistance at the psychological 100p level. When that level falls, then 125p looks on the cards.

[hippy] 25/11/2005 11:29

This share now looks a good long term investment.
one to tuck away and watch turnover & dividends grow and Stamp fund become an established investment vehicle.