Stanley Gibbons Share Discussion Threads

[kidney] 10/5/2006 14:06

Just goes to show you....you think you've got a "super safe" stock and something comes along,out of the blue and blows the share price down as investors lose confidence.Dearie me.

[roly12369] 10/5/2006 13:43

i think there will be something to worry about......confidence in the company may be affected with a knock on effect on sales.......i sold out this morning to see what the future holds

[xumii] 10/5/2006 13:38

Nothing to worry about here....Spanish thingy total red herring.

SGI trading extremely well.

[gengulphus] 10/5/2006 11:31

wasn't that a sale of 200,000 ??

Don't think so. ADVFN's streaming trades have it down as a sell because the spread was 158p-163p when the trade was reported and 160p is closer to 158p than to 163p. But look at the time on the trade (09:07:12) and compare with the trades around it in the list, and you'll see that the trade has been reported about an hour late (something that is allowed for very big trades). Then look back to around 09:07:12 in the stream of reported trades, and you'll see that the spread was 157p-161p just before the trade. That makes 160p look like a buy, and the fact that the prices then rose would tend to confirm that... And indeed, on an intraday chart, the price drop mainly occurred between 08:30 and 08:45, and the price was stabilising around 9 o'clock: that's what you'd expect if someone had come along and mopped up the sales, and not what you'd expect if someone had just dumped another 200k shares on the market!

When it gets into the non-streaming trades list, by the way, expect that trade to move into the "?" column - that's what usually happens to trades that are out of time sequence.

Gengulphus

[orange1] 10/5/2006 10:37

One of the issues raised by the Spanish fiasco is the difference between the catalogue price of a stamp and the market value. This has been discussed before on this thread.
I would like to raise a specific issue: Say I would like to buy the GB Greetings Booklet KX1 1990 Smiles (20p). It has a catelogue price of £30.00. Stanley Gibbons offer it on their site for £25.53. A couple of weeks ago, I could have bought it on ebay for £3.25 in mint condition (although current auctions show higher prices).
See:

This raises the following questions: Are many people going to buy from SGI at £25.53, when ebay can offer significantly cheaper produce? What is one to make of the catalogue price of £ 30?

[emmarg] 10/5/2006 10:17

wasn't that a sale of 200,000 ??

[beaufort1] 10/5/2006 10:03

Can't see that the spanish scam has anything to do with SGI

[cockneyrebel] 10/5/2006 10:01

Usually creates a good buying oppotunity imo, short term noise.

Thyese are the points where larger funds announce they have increased their holdings more often than not imo.

Still, gets a few short termers out - who will be buying back higher no doubt as the Aug 1 interims approach or SGI put out an ahead trading statement. I can't see how profits can be anything but miles ahead after the recent trading staement regarding sales.

CR

[wjccghcc] 10/5/2006 08:53

Depends whether the spanish scandal is just a short-term blip or reduces investor confidence in the stamp market over the longer term. On the other hand, it might lead to a flight to quality dealer and so benefit SGI.

[gregory0106] 10/5/2006 08:53

Well, its wipped out my profit at this level, so I'll stick with it for now but such a quick drop seems to have taken out a lot of stop loss positions - could be the MM's getting in some cheap stock, or could be a sign that its about to collapse as per Afinsa Bienes Tangibles.

It is a worry.

[livinginhope] 10/5/2006 08:50

A good buying opportunity methinks.

[gregory0106] 10/5/2006 08:46

Morgan Stanley have sol another chunk of stock and we are back to 160 - buy more or take the profits?

[orange1] 10/5/2006 07:26

Some months ago, a poster here asked if all was well with Afinsa Bienes Tangibles, the world's third-biggest collectibles company behind Sotheby's and Christie's.

As might have been suspected, the answer is no: it was all one pyramid-selling con as reported today in the Times:



What, if any, effect this will have on SGI remains to be seen.

For background info, click here:

[cockneyrebel] 10/5/2006 07:20

He lost far more in the previous sale a year or so ago - it has risen a lot since then.

Directors don't have a devine right to sell at the top even more so if they sell a large holding. If every director sell was a signal of the top who would buy off of them?

When a director or any body wants to sell a large holding it's more about selling when there's a buy, not when they fancy.

I'd agree that sometimes dir sells are trading indicators but not always, in fact in the minority imo. Look at CHTR and SVS - both had director sells 6 months ago or so.

Sells are often forced on directors or are done at times when they can. We all want to enjoy the money we have made at some point - can't take it with you - directors are no different.

The fact someone took that lot from a director can be construed as a positive too I think.

CR

[mryesyes] 09/5/2006 23:46

I'm still bemused. The earlier director sells at £1 were of tiny fractions of their holdings. The recent one was 80% of a huge holding. Simply put : Why?
Is he happy he sold. He has already lost £100,000+
Bemused thats all. If he needed the money for something else he could always have borrowed against all of the shares.

[gengulphus] 09/5/2006 15:05

Don't think so. They don't seem to pass the "officially listed on a recognised stock exchange" test - AIM is not a recognised stock exchange, and as far as I know, they don't have any other official listing.

Gengulphus

[gswredland] 09/5/2006 11:20

Are these ISABLE guys?

[gregory0106] 08/5/2006 16:53

Another nice rise late on today - if we can do this every few day's I'll be a very happy chap!

[ygor705] 06/5/2006 14:19

The bounce had to happen. Shorting just too dangerous in this stock imo.

[moneybags] 05/5/2006 16:05

At present the screen will let you buy 5,000 and let you sell 10,000 showing they are short of stock.
The 3,000 buy of 5 minutes ago was little me.....

Just 'topping up' as they say....!

Regards , Moneybags

[cockneyrebel] 05/5/2006 15:18

Doubt it - the director and ex director that have been selling sell in large wadges usually.

Genuine market demand for their shares recently imo


I expect these to push on next week after the breakout today.

CR

[gregory0106] 05/5/2006 15:08

50K sale showing - is that more director sales?

[cockneyrebel] 05/5/2006 10:36

By the current trading from the company they are on course for £14.8m 2006.

They are actually forecast to do £14m sales in 2007 and 14.6p eps so on the current rate of growth they are set to do 15.5p eps this year compared to the 10.9p forecast, if this growth is maintained through the year.

That would make them on a PE of 11 for this year and with something like 20p eps likely next year.

Put that on a PE of 15 that would be modest for this company's track record and you have £3 a share. I think there will be big upgrades at the interims - S.Pierce can't upgrade too much too quick as it looks indecent and makes their previous forecats look way off the mark imo - Their £2 target could get well surpassed much sonner than many think imo.

CR