Stanley Gibbons Share Discussion Threads

[cockneyrebel] 25/4/2006 15:29

ticking up

Bargain of the year?

CR

[Abuse team] 23/4/2006 13:43

Post removed by ADVFN

[cockneyrebel] 23/4/2006 13:42

that's true but like I say, these directors can't predict the bigger picture no better than the rest of us. Will we be bombing Iran in a few months? Will China still be flying in a year?

So if they do hold a million or so they can't just call the broker and sell, they have to sell when there's a big buyer in the market. That may not be the best time, as it wasn't for the sales a year ago at £1 but it isn't necessarily bad news.

CR

[ygor705] 23/4/2006 12:15

CR.......The Directors have sold a couple of million shares at well below the odds over the past 12 months. That's at least £1.2m that they have chucked away of a position that they could and should have managed better. Besides, if our view of potential predator activity is correct(and Directors can encourage/manipulate these things otherwise the Management Buy Out/In market wouldn't work)they could have done it better. I do share your sentiments re "never going broke taking profits" but I cannot admit to be anything other than nervous about people who pass up the possibility of making £1m plus in a year. The fundamentals for SGI remain exceptionally strong and I think the share price will continue to perform. The Directors should be demonstrating a little more nous imo..............at some point the going may get rougher!

[diogenesj] 22/4/2006 16:45

Yes, especially me - I always do. :-(

[cockneyrebel] 22/4/2006 16:44

We all want to sell up at sometime and enjoy the cash. As I said before, large shareholders can't sell huge chunks at the top - there has to be the prospect of good future profits ove some time for someone to take 1m shares. Think about it - how does the buyer of those shares get rid of them if SGI looks like it has topped? Answer - they want to see good long term prospects cos they are locked in effectively.

In balance, the CEO excersised options in March and never sold any.


Dunningham and Fraser sold shares in September at 101p, that hasn't prevented the stock rising 50% in 6 months since. Fraser also sold 1m last March at 101p.

The fact is directors have to sell when there is high demand, not when they would most like to or when the shares have topped.

And you can't enjoy the cash when you're dead, we'll all be sellers at some point and I bet we all sell well below the top too!

CR

[ygor705] 22/4/2006 14:13

Agree with your view CR............trading levels are now quite high for a smallish market cap outfit like SGI. Additionally, somebody is hoovering up the Directors' sales.........private equity outfit perhaps? The Directors have been selling big lumps of stock as the share price rises. With the fundamentals running so strongly in SGI's favour I do not feel that it shows their financial acumen in a particularly good light; hence my comment that it may come back to haunt them.

[cockneyrebel] 22/4/2006 11:20

do you know, I remember Doc Hector saying exactly the same thing at around 135p.

The point is when you have a steep rise over several days on news it means the market has suddenly realised an undervaluation. The constant rise is because many investors don't want to wait for a dip - they see a lot more in the stock that warrants not waiting for a dip. In the meantime there are a large number that want to buy the first dip they see of any significance.

I think you might see 5p more on the fall perhaps but 10p-15p or so off the high looks like finding a lot of buyers imo. So yep, if you time it right I reckon you micht shave a few pence on the trade. Get it wrong and it might cost you dearly. As Dirty Harry might have said 'go ahead punter, make my day!' :-)

"We have had an excellent start to the year, with our best ever first quarter result. Turnover (unaudited) for the first three months of 2006 was 48% higher than for the same period last year, with a corresponding increase in profits." That in the AGM statement says it doesn't go much lower - imo.

CR

[mryesyes] 22/4/2006 01:45

Yes but the argument to reduce now and wait for the price to settle back is overwhelming

[xdavid] 21/4/2006 19:06

It's probably been a full year since I last posted here.

I first bought SGI at the 30p level (added thereafter) and sold out my remains this time last year at the £1 level. I've looked in during the passing year and often thought about buying back but since almost all my non-isa cash moved to spread-betting accounts (geared), I never did do. Obviously, i regret that now :-! (well, not really) but mostly I am just so pleased to see that what I thought of, in 2003, as being a company in reconstruction, under forward thinking management, are still quietly going about their business and sticking the performance in.

I love these sort of nice, quiet companies that just do what they do, and do it well!

Well done to all those patient holders that saw through the past (dull?) year. The last 2 months or so look like they have paid off for you - sometimes just a few days excitement per year is enough :-)

One day I'll maybe be back, but I really don't expect SGI to have the same forward PE of 6 as it once had. However, maybe I'll get bored chasing the next dragon and just settle for a solid growth machine...

Good luck to you all (though I think SGI has enough quality to not need luck).

-david

[frazboy] 21/4/2006 14:42

and at what point, and at what price will the company, or their advisers, buy back their own stock? i have no information on this other than the fact they have permission to do so (granted at the AGM) for up to 15% of the shares in issue

[livinginhope] 21/4/2006 14:10

I already hold a substantial number of shares but will look to add further if they drop below 150p.

[cockneyrebel] 21/4/2006 13:50

too much large scale buying in this to try to trade in and out imo.

I personally think these could get taken out by a private equity firm, 1 RNS and you are never back in.


The interims are in July so I expect buying of the stock ahead of that in June, especially on this rating.

A buy and hold, not a trade imo. Suspect there is a seller about but the second he's done the crowd are buying imo - these now have a lot of awareness after press tips etc

Mine are holders and wait for the next RNS or major buying spell.

CR

[gregory0106] 21/4/2006 13:27

Chester - Sorry to hear about that weather, but as you say its a great place for a break. Which part of the Island are you staying? I hope it dry's up for the remainder of your stay.

Like Fred say's, we are now into the slow decline during the quiet news period where short term holds jump off / take profits.

It will jump again when the next trading news is out (not sure on dates - can anyone advise?)

[chester] 21/4/2006 12:08

Greg ...In Lanzarote and actually the weather hasn´t been good. We´ve had Rain today and the forecast isn´t great but its a well needed break for the family.

[fred123] 19/4/2006 21:58

ygor what the .... are you on about!
Think fundamentals.

[ygor705] 19/4/2006 19:33

Volume has been very high over the past couple of months so Director sales are probably the only way the MMs cab square their books. Expect the trend in above average volume to continue so the Directors' sales may come back to haunt them sooner than they may think.

[gregory0106] 19/4/2006 15:01

Seems to be falling back some today. Any reason or just some cooling off. Perhaps now the institutional demand has been by the directors sales (yet again) the MM's are having to discount to find new buyers?

[gregory0106] 19/4/2006 13:40

Hi Chester. It always adds to the holiday feeling when the stock is up as well as the sun.

Where abouts in the Canary isles are you? I'm off to Lanzo in June & am counting the days already!

[diogenesj] 19/4/2006 11:57

Hi chester, hope you're having a good holiday!

[chester] 19/4/2006 08:43

Good Morning fron the Sunny Canary Isles, good to see these ticking a long nicely whilst I´m away.

[one for the money] 18/4/2006 16:23

Director sells, but the last sentence is the most interesting.

[fred123] 18/4/2006 16:00

There's no shortage of cash around made by the 'baby boomers' and looking for a berth. Well, property has paused (maybe for a few years) and buy to let offers worse yields, in some cases, than building socs accounts.
There's a lot of seasoned commentators who have now turned equity bears.
So where do you stick your accumulated gains... why stampsees, my precious, that's where, or failing that stamp funds..and there ain't many of them around now, are there stamp-pickers?
We're in a sustained stamp bull market and the financial instruments based on it have lagged (naturally until now) and are just catching up to the underlying value.
When one thinks of the share fundamentals, the postage stamp as objet d'art and the evocation of childhood..SGI could conceivably reach, not only the fully justified 215-220p, but tulip mania country.(You heard it here first).

[cockneyrebel] 18/4/2006 15:31

two sizeable director sells.

A couple of things to note - Fraser has been a long term seller so nothing new with him selling.

The second point is that directors can rarely sell at a top, it's pretty difficult to sell a lot of shares when you look like you've topped out so they have to sell when there's demand if they want to sell a large chunk. The 'institutional demand' bit looks highly credible imo, seeing they got 155p last Thursday for such a large chunk imo.

CR