Stanley Gibbons Share Discussion Threads

[hectorp] 07/3/2006 18:51

Done well but I suspect now overbought share price .,

[sikhthetech] 07/3/2006 18:42

Tole. Good post...
Good Luck

[elmfield] 07/3/2006 16:24

Nice to have some blue around, market seems to be clawing back from a bad day.

[one for the money] 07/3/2006 16:15

Bletherer: Can't disagree with any of that. Sitting back and watching!
CR - Yes, some confidence in the share - Excellent.

Cheers
john

[cockneyrebel] 07/3/2006 14:49

CEO takes up his options and holds onto them.

CR

[bletherer] 07/3/2006 14:12

one for... I'm not a technical expert but there looks to me a clear (up) channel in the chart over the last two years with previous higher tops at about 105 in August 04 and 113 in March 05. Extend the line from those and it cuts the chart at something like 126 today. If the share price makes a clear break above that channel then I agree we are in uncharted territory with no obvious top; if it comes back, on the other hand, there's the possibility of a reversion, say to the high 90s. Either way though I like the long-term prospects for this stock and I am intending to hold for the long term.

[one for the money] 07/3/2006 13:20

Bletherer

As far as charts go. I think we are in completely new territiry with this rise. There is no ceiling we can call and now support at low 120s. As you say...lets see if it holds.

cheers
john

[bletherer] 07/3/2006 13:14

Another nice rise today in a weak market. By my reckoning the top of the long-term up-channel cuts in around the mid-120s, so if it holds above that then the prospects would move from good to very good - we could see upside acceleration.

[as seen on bbc websi] 07/3/2006 04:56

Removed by ADVFN.

[sikhthetech] 07/3/2006 00:04

jwe. I agree with your point about why buy from sg when you can buy from ebay. However, I do see premium prices being paid for stamps on ebay. Yes, quality stamps sell for about 20-30% of sg (I think your estimate is on the low side). Take penny blacks for example. A good quality penny black can still be bought for around £50 from a stamp fair (20% of sg). However, on Ebay it can sell for £60-80. Until ebay came about, I hardly saw mint ones in 20yrs collecting (probably 2 or 3). Now within 5 years I own 3 myself and see them fairly regularly. The other point being that now I have to pay nearly twice as much for a similar quality mint one, than 5 years ago. Therefore, retail prices have doubled but sg prices have only gone up around 30%, ie the gap between retail and sg is narrower...I bought a good mint 2d blue for £400 3 years ago. Now I cant find them below £1000....that's 100% in 3yrs - see Ebay, there's 1 on there at the moment.

The point being that Ebay/qxl have made stamps (inc. rarer ones) available to the wider population, worldwide.....

Good Luck.

[jwe] 06/3/2006 23:42

I don`t see how you can say premium prices are paid on ebay(don`t know about qxl).Quality stamps typically sell for about 10%-25% of their SG listed value.Stamps of a lesser value can sell any thing between 1-5% of the SG figure.My question would be -why would anybody buy from SG when they can get the same stamp on ebay for a(very small) fraction of the price.Without any doubt ebay has reduced the obtainable price for stamps,although it has to be said that as a general rule of thumb the rarer the item is then a bigger % of the SG value is obtainable.

[sikhthetech] 06/3/2006 23:17

Tom, thanks and good luck.

Tipo, sorry don't agree - every market is cyclical....As a keen stamp collector, I have seen a huge increase in stamp collecting. I put this down to these factors:
1) Low inflation/interest rates. Investors therefore switch to gold/stamps/coins to get better returns. All have risen strongly recently.
2) War/fear of terror. Gold has risen strongly. same as 1.
3) Internet. A lot of old/new collectors appearing because it is now easier to buy stamps. Also easier to sell and value. I stopped collecting for nearly 10 years as I was unable to find stamp fairs/clubs. Now I just have to go to Ebay/qxl and they are everywhere. My interest was re-ignited because of the internet. I have also seen a huge increase in interest in ebay/qxl auctions, resulting in premium prices being paid by collectors. I believe SG's price increase has come about due to the increased interest.

Good Luck all....

[getscenic] 06/3/2006 22:23

try this CR

[cockneyrebel] 06/3/2006 22:10

dead link getscenic

CR

[getscenic] 06/3/2006 22:05

This is where I think sgi will surprise. They have allready dipped thier toe in the coin , and the autograph market.
Just as Ronnie Wood of the stones collects rare stamps, then so do fans of the stones collect rock and pop memorobilia. You can pay thousands for signed items by the stones,queen, and the beatles. Someone mentioned that babyboomers were collecting stamps again, well guess what the next generation are collecting.
Check out eil.com v good website, it would make such a good fit with sgi.

[tipodochus] 06/3/2006 21:37

Just to introduce a bit of caution. SGI are tied to the stamp market which is very cyclical. Some sections of the market are seeing a boom at the moment, which is great for these results, but there have been busts in the past and another one could turn up at any time. The particular problem that SGI have is that they can influence prices to a certain extent through the price guides they publish and they seem tempted to increase these regularly whether this is justified or not!

I know this won't be popular here but I do hold SGI and will continue to do so.

Tipo

[diogenesj] 06/3/2006 20:56

Very cheap on those forecasts.

[cockneyrebel] 06/3/2006 19:06

that's what I was expecting - someone posted that Friday, saw them on HS this am.


looks cracking to me - these have to be on a PE of 15 in a year for this track record and growth and with 14.6p forecast then that's 220p in a year. As it stands today in a year, if the price never rose the PE would be 8.2 - it's never going to stay there. 50% in a year would have these on a PE of just 12.

Got to go up imo.

CR

[tom.muir] 06/3/2006 12:37

You are quite correct sikhthetech - even given the recent rise they are still seriously undervalued. The earlier comment about Jim's Zulu criteria is spot-on. This is a classic Zulu stock. But the quite incredible thing is that, even now, the PEG for 2007 is still only.25!! If Jim hasn't discovered this one yet he will be kicking himself.

Press coverage is very limited - usually twice a year when the results come out. But they are a long term hold for me - i have been in for 2 years and expect to be here for at least another three. Dividends are important to me and the projected growth there is a major plus. They are also committed to returning surplus cash to shareholders so another special dividend or buy back is a possibility.
The market is in the process of re-rating now and a positive comment from IC (ANOTHER GREAT FAN OF SGI) should give it another boost at the end of the week. keep smiling guys ! Tom

[sikhthetech] 06/3/2006 00:33

MW, I have the same problem - getting hold of quality stamps.
Abergele, agree with your comments.

I have been a stamp collector for 28 years....My speciality is mint GB victorian and they are hard to find.
I went to SG's shop the other day...it was more like a local stamp shop than a market leading stamp specialists....
SGI have a great future and as Abergele says in countries like India and China....however, I do believe the stamp fund is badly structured for the likes of the ordinary investor...
SGI are cheap and easily worth 200p, imo but they need more press coverage...
DYOR
Good Luck

[mw8156] 05/3/2006 13:36

Main problem for SGI seems to be obtaining quality stock.

[getscenic] 04/3/2006 21:28

have inserted link for march 2006 investor presentation in header