Stanley Gibbons Share Discussion Threads

[fred123] 18/5/2006 22:00

Maybe selling at 119 wasn't so foolish as this may drop below that before the recovery begins. It's shedding its post-results re-rating and I'd guesstimate down to 110p before the recovery begins.

[hywel] 18/5/2006 17:24

The baby is getting thrown out with the bathwater in my opinion. The half of my holding i foolishly sold @119p a month or so ago i bought back yesterday @139.5p which i thought was a good price, should have waited until today to get an even better price but there you go. Medium term - no worries!

Hywel

[gregory0106] 18/5/2006 09:39

How much lower is this going? - the sell off is madness. Gibbons have nothing to do with the Spanish set up & have a long history of being the market leaders in their fields. Once reason returns to the market & this share in particular we will certainly see £2+ in a few quick moves as the MM's re-double their money by selling back the shares they have now stocked up with so cheaply.

[elmfield] 16/5/2006 16:28

Nice finish.

[tole] 16/5/2006 12:33

L2 moving back now 2v1 132-135.

[emmarg] 16/5/2006 12:12

picked up some more at 130, bargain in med term at this level, should move back up in advance of interim results in July

[tole] 16/5/2006 11:58

Decided to have afew at this level 130.

[chester] 16/5/2006 11:58

Bounce time ?

[tom.muir] 16/5/2006 10:22

I would like to see them buying back shares for cancellation at these prices. It would be a practical demonstration that the Directors have confidence and would also put a floor in place.
The two Directors who sold at £1.50+ could also use some of that cash to buy back in.
Tom

[elmfield] 15/5/2006 23:34

I still have a holding in these, at this price I will ride it out.

[mryesyes] 15/5/2006 22:05

stick in yur famly album!

[fred123] 15/5/2006 21:35

SGI is being hit by systemic and specific uncertainties: a double whammy.
Topping -up? more like catching a falling knife! Sure if you want to make money long term buy, but if you want to lose it short term - imo - buy also.

[cockneyrebel] 15/5/2006 20:37

Not topping up as I have quite a few. Watching and waiting - seems the jury is out at the moment so playing cautious. FPA - not looked close, I know it's a Neteller types, that's about it. Will look out for your post.

CR

[woodcutter] 15/5/2006 19:02

CR interested to know if your topping up at this level. I'm in from the early days with several purchases and like yourself not unduly worried about the noise. I guess it depends on what impact the spain situ has on the forthcoming results as to whether it's a buy or not.

WC

Incidentally have you looked at fpa i think its possibly one to double, when i get time i will post some details/research.

[cockneyrebel] 15/5/2006 18:29

all too painful to look elmfield :-(

CR

[high park] 15/5/2006 18:26

Hi there, Elmfield. You holding?

Foolishly sold these at 121 early march.

[elmfield] 15/5/2006 15:17

Falling into buying range?

[livinginhope] 15/5/2006 14:41

Just picked up another 2,925 at 137.4p - never thought I'd be able to get some more at this level. My target is 300p.

[what is a login ?] 15/5/2006 13:19

A snippet from The Daily Telegraph Fri 12th May 2006: DYOR

Stamp investment group Stanley Gibbons held steady after it's housebroker published a bullish note on the stock. The shares had been hit by news of investigations in Spain into allegations of fraud in Spanish stamp investment schemes that are unrelated to the company.
Spanish prosecutors are looking at postage stamp Investments at Spanish companies Afinsa Bienes Tangibles and Forum Filatelico.
Stanley Gibbons shares, which tumbled 12pc on Wednesday, were unchanged at l49p yesterday. The company said in a statement after the market closed on Wednesday that it "does not have any connection or business relationship with either company" and that the board felt inquiries into the affairs of the Spanish businesses would not affect "Stanley Gibbons or the value of quality rare stamps in the markets in which it operates."
Broker Seymour Peirce issued a buy not and the 200p price target on the stock saying: "we believe that its own minimum return guarantee product is a much more transparent operation, based on higher end merchandise which offers more stability and is insured against physical loss or damage." It said the share price fall is a good buying opportunity and "it remains significantly undervalued for a fast growing niche retailer".

[ygor705] 14/5/2006 10:45

Am glad, in a way, that the Spanish fiasco has happened. It has meant that SGI has been put under the microscope and that there has been lots in the press about what's going on in the stamp world. I still fail to see how this whole fiasco is going to make much of a dent in SGI's immediate prospects and a crisis of this magnitude is bound to make the SGI management have another look at the risk profile of its product range. The market as a whole might be heading for a bit of a shakeout but this stock remains on my buy list.

[cockneyrebel] 12/5/2006 13:59

:-)

CR

[gengulphus] 12/5/2006 13:54

... drool over, ...

Very bad idea with a valuable stamp! ;-)

Gengulphus

[scumdog] 12/5/2006 13:08

Good post, post.

[zetland post] 12/5/2006 11:45

As I see it the only possible way this could affect SGI on a trading basis is that it may put a few people off investing in their stamp fund. The Spanish funds appears to be in the main a pyramid operation, the investors not seeing their stamps other than when they were "sold" them. There will be very little quantity of stamps involved so there will not be any fire sale type liquidations of stock to appear on the market. Further the stamps apparently being touted by the Spanish operations were in the main more recent issues from obscure countries, ie. difficult to put a value on if their customers did any independant research.
The strength of SGI is that they are predominantly dealers in British and commonwealth stamps, particularily Victorian and the three kings periods. There is very limited stock of the better items, SGI have valued and traded in this market for over 100 years and know their way around it blindfold, and their customers have enough knowledge to tell what has long term value and
what does not.

With regard to the stamp market in general this will almost certainly have very little effect other than within Spain. Even there the effect may be limited as the people who have lost their investments will not be collectors. Collectors want to have the stamps in their possession, to look at, display, drool over, etc and if they are spending any serious money on their collection they will know that the value of their collection will not be affected unduly.

The share price however may mark time for a bit until those outside the stamp market satisfy themselves that there is no fallout.

Longer term SGI have the best position of anybody in the international stamp market, with strong links to what is a fast growing market in the far east. Generally anybody who collects stamps from the British commonwealth will use Gibbons catalogues and that includes India, Malaysia and China (through Hong Kong)and there is no better way of advertising than that. The customer even pays them for it!

[goodnight1] 12/5/2006 10:19

Bought some more of these this morning although it is coming up as a sell.
Looks like SGI is moving up again.

I do think the profits will not be as good as the very best estimates next year but on a PE of 10 at this price these do look cheap.