Stanley Gibbons Share Discussion Threads

[orange1] 04/3/2006 20:25

For those worried about the stamp fund, there are reassuring noises in today's Times:

"Mr Hall said there was significant interest in the Stanley Gibbons Rare Stamp Investment Fund, with the first tranche of subscriptions due to close on May 19. The fund will invest in rare stamps, to be divested after five years, targeting a return of 10 per cent after expenses.

"There is a lot of high-net-worth individuals who want a form of saving offering a better return than the banks," he said. "We always recommend that people invest for a minimum of three years, but preferably five to ten years."

[cockneyrebel] 04/3/2006 18:31

few and far between Cambium - DOM probably fits most of them but that has re-rated now.

MSI nearly fits it, in all but the 5 years earnings growth but it will have 4 years this year. On a PE of 7 that has to be the cheapest potential Zulu around and will re-rate big time at some point imo.

AXD comes fairly close - doesn't have something new tho.

If you find any on a PE under 12 let me know!

CR

[cambium] 04/3/2006 18:20

Are there any others that fit this criteria?

[cockneyrebel] 04/3/2006 17:17

Fred123 - yes all the makings of a Zulu stock, especially as they now have several years earnings growth too.

Jim Slaters guide:

1. Five Year Record (5 years positove earnings growth)
2. Low PEG Factor (PEG below 1 - ie 10% eps growth on a PE of 10 or less)
3. Optimistic Chairman's Statement
4. Strong Financial Position
5. Competitive Advantage
6.Something New
7. Small Market Capitalisation (a small cap stock - anything in the FTSE250 or above is out)
8. Relative Strength (as in the share price movement compared to the FTSE All Share Index)
9. Dividend Yield
10. Reasonable Asset Position
11. Management Shareholding

I actually make it that SGI meet all the criteria now including the genuine PEG with 5 years earnings growth. PEG seems to be at around 0.5 based on 10.9p eps earnings forecast this year - way under the 0.75 that stater reckons was a buy level at or below.


Like MER, HRN, TPT, MJW etc, all those that in the past met the Slater principle and went on to be excellent stocks, trading on a forward PE of 20 at times.

If only they hadn't put that 'in-line' statement out before the results I'd have in before yesterday expecting them to beat - that's life :-( , glad to be back in tho the more I look at them again.

CR

[getscenic] 04/3/2006 16:59

stevedawn,
the advfn police are on your trail!

"you have absolutly nothing to lose" no click on that link and get a trojan
spying your browser.
whatever next!

[diogenesj] 04/3/2006 16:40

Anyone who clicks on that link needs his head examining.

[Abuse team] 04/3/2006 15:45

Post removed by ADVFN

[high park] 04/3/2006 12:39

Fred, you old romantic.

[bletherer] 03/3/2006 23:03

The next Microsoft might be pushing it a little, but I agree this looks an exciting prospect. I don't normally buy such small cap stocks because a few thousand either way on profits can make for huge swings in the share price and that's too much of a gamble for me generally speaking, but these looked unbelievably cheap a couple of months back given the obvious quality of the company. Not least I admire the management's modesty in not putting any intangibles on the balance sheet even though their name alone must be worth....well, plenty. How many other AIM companies (or FTSE 250 companies for that matter) have instant brand recognition?

[getscenic] 03/3/2006 22:45

Well sitting here tilting my glass to sgi. If only all my other babies produce figures like this!
BTW the stones tour is going down a storm, maybe ronnie will be back for some more rare stamps.
strapline in tomorrows ft "S G gets profits licked"
OK i've had a couple of malts time to log off...........

[fred123] 03/3/2006 21:16

Jim Slater..remember him share-pickers?.. must be getting zulu excited by SGI.
It's got the lot..brand name; industry dominance; increasing EPS; low PEG; increasing dividend; low market capitalisation etc.
We are talking the market standard here..in software terms: Microsoft before it took off.

Bliss it was to be young on that Friday, but to be a SGI holder was very heaven.

[cockneyrebel] 03/3/2006 20:14

yes getscenic, I was in these way lower, think I one bagged them actually.

Would have revisited sooner, indeed very nearly did before the results but the co killed my buy by saying they would 'meet', not beat by 25%!

Anyway that sort of performance deserves to be bought at this price.

I think the way the price rose solid all day without any real retrace says more Monday.

So I get a 2p divi that pays the spread and the next bit of excitement comes mid April at the AGM I suspect - 6 weeks.

Beautiful breakout today too :-)

Thanks for the welcome back everone :-)

CR

[daza70] 03/3/2006 18:59

Hi all - just popped in to say well done all! Havent held since the 30p days but am very glad they are at a price they deserve to be!

daz

[robsy2] 03/3/2006 16:27

Congratulations to all the faithful
A cracking set of results that clearly surprised and delighted the market.
This is a high growth stock with defensive value, a reasonable dividend and the possibility to radically improve earnings. I think we are well positioned.
Stay on board and enjoy the ride,
As The Stones would say
" Wild Horses couldn't drag me away"
R

[elmfield] 03/3/2006 15:23

Only beaten by buying shares in SGI!

[moneybags] 03/3/2006 15:04

getscenic........My biggest holding still.

You could tell the results were going to be outstanding just by reading the stamp magazines.
I doubt if e-bay is having much effect on them as the profit margin for S.G. is greatest on the 'investment stamps' of around £50 to the £5,000 mark and those are the ones people tend not to buy on e-bay.
E-Bay is soaking up the price range of stamp deals that S.G. does not mind missing out on as it takes up there time to sell £2 to £40 stamp lots.
They say a good 4 margin Penny Black has gone up around 33% in the last year to 18 months.That must help things alone.
I see it myself in my own colection.I write the odd article on rare stamps for an American rag and prices are surging ahead.
One stamp I was looking at only the other night I bought for £160 in 1996(Hong Kong Sea Craft 1968 issue s.g. 250 with green omitted is now on the S.G. site selling at £950).
Far better than having money on deposit at the bank...!

Regards , Moneybags

[getscenic] 03/3/2006 14:47

Moneybags,
Nice to see you back. Is this still a buy for you?

[ygor705] 03/3/2006 14:37

Just bought a few more...............MMs tight on the price

[moneybags] 03/3/2006 14:29

One of the best set of results I have read in the last year.

Well done SG.


Regards , Moneybags

[ygor705] 03/3/2006 14:23

Very good results showing that this company has a natural growth pattern arising largely, in my view, from the internet as a sales medium. The Stamp Fund is all potential upside with very little downside if it undersells. Just wish the Directors were a little bit more switched on PR wise. These things have been trading as low as 85p since the previous (and very good) results......absolutely crazy. Latest earnings give a PE of just over 13 for what is obviously a growth company. Looking to top up.

[getscenic] 03/3/2006 13:51

Think you'll find CR is visiting an old friend, if my memory is correct you were in these on and off from 2002 CR?

[scumdog] 03/3/2006 13:48

My stock picking must be improving - followed in by the great CR!!

[getscenic] 03/3/2006 13:04

Thought this would pull afew in on the back of theses results.
Nice to see you CR would agree with your 220p but it seems people are easily bored with sgi when all the news dies away.
But we have news further out that could be another share price kicker which is the stamp fund which they have extended the offer period on , so more news sometime in May.
I.C. and share mag coverage next week should keep it right side of 120.
good luck all

[elmfield] 03/3/2006 13:01

SO, CR you think worth buying even after rise, that is good news, happy to hold.