Stanley Gibbons Share Discussion Threads

[cockneyrebel] 18/4/2006 15:01

No profit taking from me for a good while yet.

Got to look at where these are going rather than where they have been and they look screaming cheap still after that recent trading statement

CR

[diogenesj] 18/4/2006 12:49

Added a few. This has some way to go imo.

[beaufort1] 18/4/2006 12:34

Yes Fred I agree. Fair value at the moment looks to me to be about 215-220p, which still offers 25% upside event at current share price
B1

[fred123] 18/4/2006 11:17

We're enjoying a full-blooded re-rating. The market has seen the figures and finally woken up to the potential of SG so everyone will want a piece.

[njp] 18/4/2006 09:18

Added via s/b first thing this morning. Dunno why I didn't buy when they were 130p, but they don't look to be stopping and the trading update holds the promise of potential forecast upgrades. Nice move this morning.

[fred123] 18/4/2006 09:13

that's a boy Stan

[cockneyrebel] 16/4/2006 21:50

How manny punters are going to be either flocking to buy stamps from SGI next week or buying the shares?

A win/win for SGI imo

CR

[orange1] 12/4/2006 23:15

An article which shows that business is booming in the autograph market too:



"Business is brisk and interest is increasingly global. As well as the traditional UK and US markets, new markets are opening up. Wealthy Russians now account for around 10% of sales, amongst them a signed autograph of Tchaikovsky hanging in a Moscow bank. In an inaugural Shanghai exhibition in May 2005 the company found huge interest amongst the Chinese, in particular, for iconic figures such as Audrey Hepburn, Marilyn Monroe and Elvis."

The article also reveals that the Fraser's 100 Autograph index has massively outperformed both the UK stock and property markets since 1997 according to London-based Fraser's Autographs, Europe's leading autograph dealers.
Their index is compiled of the 100 most sought-after autographs in the marketplace. BP and Royal Dutch Shell may be the most valuable companies in the FTSE 100, but it's the Beatles' signatures that come in at number one and two in the Fraser's 100. And the average value of their autographs rose over 200% between 1997 and 2004.

Which just goes to show: Stanley Gibbons are more than "geezers with tweezers".

[siskinbird] 12/4/2006 14:50

QS9
Existing thread is sensible, balanced and knowledgeable- with respect, why start a new one?

[qs9] 12/4/2006 14:40

Lots more to come IMO, cash generative, bullish AGM, yield, sales significantly ahead of last year, growing market, small % of this market but growing etc etc etc, cannot think of a better growth story at the moment and have topped up again today. personally (DYOR) I believe there will be upgrades soon.

Thoughts/followers???

[livinginhope] 12/4/2006 14:08

should also see a large dividend increase

[cockneyrebel] 12/4/2006 13:59

H1 had sales of 5.28m, eps of 2.45p.

H2 had sales of 8.4m and eps of 6.85p.

If H1 sales are up anything like the Q1 up 48% then sales will be around 7.8m and eps in H1 around 6p.

While not necessarily accurate to extrapulate, H2 is the more heavily weighted half by an additional 50% over H1, the current forecasts look way to low at 10.9p for the year imo, I'd say 14p could easily be this years eps.

That might make next years forecast of 14.6p more like 19p.

Say just 17p and a forward PE of 15 that growth like this deserves if not more, the share price in 12 months is 255p. Hit the 19p eps forecast and trade on a PE of 17 which would not be outrageous at all for this growth and bob's your uncle - 323p :-)

A lot of ifs there but I reckon they could miss those ifs by some way and still rise substantially.

CR

[ygor705] 12/4/2006 13:34

This one still has a way to go. The Times "Buy" article at the weekend was interestingly timed. Probably had a sniff of what was coming at the AGM.

[livinginhope] 12/4/2006 13:30

I bought another 19,379 shares at 160p just after 1pm today - not yet showing in trades.
Fantastic AGM statement. Even after the tremendous rise today I believe these shares are still well undervalued. This is definitely a share that allows you to sleep soundly at night.

[elmfield] 12/4/2006 13:19

Great move today, can we hold the rise, I wonder.

[frazboy] 12/4/2006 13:10

Sorry Paul

Have revisited the data, earnings were 9.3p for 2005 on T/O of 13.65m. My mistake. However, EPS of 10.9p for 2006 looks a little conservative. One noticable feature of the previous results was that an increase in T/O fed through to a far more dramatic increasing in EPS. Wouldn't like to hazard a guess as to whether this will be repeated though.

frazboy

[chester] 12/4/2006 13:03

I'm not saying we're going into a bear market but I remember the last one well and 2 stocks stood out to me during that time, Hornby and Mayborn, because they bucked the trend and went up in a difficult market.
Mayborn is a typical defensive stock whereas Hornby was more of a growth stock with plenty of defensive qualities.
I can certainly see SGI performing equally aswell when the Big Bad Bear returns.

[cockneyrebel] 12/4/2006 12:55

yep, agree chester, agree with Frazboy too, the forecasts look way too low.

CR

[chester] 12/4/2006 12:46

I would imagine this would be a nice safe stock to hold if the stockmarket became less bullish, anyone agree ?

[frazboy] 12/4/2006 12:40

Hi Paul

Bit bemused by your earnings forecasts, particularly in light of the fact that you've bought an extra 30k of stock today... According to my reading of the numbers, they made 10.9p of earnings in 2005! I think forecasts for the current year are around the 14-15p mark... Before today anyway!

Regards

frazboy

[moneybags] 12/4/2006 12:14

I have been watching the stamps selling in the last few months and the prices of good material is rising steadily every week.
I can see this carrying on for a long while yet.

Well done SG

Regards , Moneybags

[tom.muir] 12/4/2006 12:10

To put that first quarter into context this is what he said at last years AGM. So to increase that by 48% is quite phenomenal.

"at the AGM chairman said.. "Although the first quarter is not a key trading period of the Company, trading was materially in line with the same period last year. The prior period included some exceptionally large sales of investment portfolios and philatelic sales to top customers which are absent from the first quarter's performance this year. The timing of such high value sales is always indeterminate"

[daza70] 12/4/2006 11:54

THEY WILL BUY EM BACK ASWELL - IF YOU REMEMBER LAST TIME!

[daza70] 12/4/2006 11:54

15% BUY BACK AUTHORITY!

[chester] 12/4/2006 11:52

Excellent news.