Stanley Gibbons Share Discussion Threads

[its the oxman] 14/2/2007 16:15

Excellent rise underway

[capimus] 13/2/2007 01:52

Cheers Geng.
Excellent post

[stakeadder] 02/2/2007 18:11

For what its worth, I bought a few more today anyway. Its too cheap however you look at it.

[tom.muir] 02/2/2007 14:19

Many thanks for that Gengulphus - most helpful.

[gengulphus] 02/2/2007 13:48

My thoughts exactly Genulphus. Not sure about the favourable CGT treatment. I know that as an AIM listed share it won't attract IHT but I am not aware that this extends to CGT.

I believe it qualifies for "business asset" taper relief on CGT. If so, only 50% of any gain you make on it counts for CGT purposes if you hold for at least one year, and only 25% if you hold for at least two years. This is much better than the "non business asset" taper relief that applies to most shares - that only kicks in after 3 years, and slowly works down to 60% of the gain counting after 10 years.

In general (*), the two criteria a company must meet for it to get the "business asset" taper relief treatment are:

* It must not be officially listed on any "recognised stock exchange", as defined by tax law. (AIM isn't such an exchange, but beware that some AIM-listed companies are also listed on a foreign recognised stock exchange: those companies don't qualify.)

* It must be a "trading company or the holding company of a trading group", again as defined by tax law. For "business asset" taper relief on CGT, this means that broadly speaking, less than 20% of the company or group's activities must be non-trading activities. (This generally disqualifies AIM companies that are property companies or investment companies, and probably a few others as well.)

As far as I know, Stanley Gibbons qualifies on both counts.

(*) The other main way that shares can qualify for "business asset" taper relief for most investors is that shares in your employer normally qualify for it.

By the way, the criteria for qualifying for IHT exemption after two years are similar, but slightly different - the "less than 20%" figure in the second one is "less than 50%" for the IHT exemption. So if a company is not listed on any recognised stock exchange, and between 20% and 50% of its activities are non-trading activities, it will qualify for the IHT exemption but not the favourable CGT treatment.

The London Stock Exchange website has a useful document about AIM tax benefits, by the way: .

Gengulphus

[lancasterbomber] 02/2/2007 09:05

Or to put it another way, my holding has doubled in value over the past 3 years, and I hope it does again in another 3!

[tom.muir] 01/2/2007 22:53

I care!! Its hard enough finding good quality shares at a reasonable price without seeing it taken out at what will undoubtedly be less than its true value. This Company has so many things going for it that I bought with a view to holding for several years.

[stakeadder] 01/2/2007 18:12

If the price was high enough, who cares ?

[tom.muir] 01/2/2007 09:50

My thoughts exactly Genulphus. Not sure about the favourable CGT treatment. I know that as an AIM listed share it won't attract IHT but I am not aware that this extends to CGT. Tom

[alsation] 31/1/2007 22:36

Post 697 is a very good post.

[gengulphus] 31/1/2007 22:12

Let's hope not.

Here I've got an investment that has been growing very nicely for the last few years, shows every sign of continuing to do so, and which has favourable CGT treatment on it if and when I eventually decide to sell.

And I'm supposed to hope that someone comes along and forces me to sell at a takeover price?????

Gengulphus

[stakeadder] 31/1/2007 18:11

Lets hope so, speed.

[speed camera] 31/1/2007 13:31

It's got the "stamp" of a takeover feel about it.

[irenekent] 31/1/2007 13:29

Rumours of takeover according to FT.

[its the oxman] 31/1/2007 10:04

next update will be with the results

[stakeadder] 30/1/2007 18:14

See what I mean !

;-)

[stakeadder] 29/1/2007 18:15

Does anyone know how current trading is ? Its gone very quiet at the moment.

[moneybags] 22/1/2007 15:50

Buying seems to have started around noon for some reason.

[bletherer] 22/1/2007 15:29

New all time highs again.

[its the oxman] 19/1/2007 16:28

late rise to c.175p mid - bit of pent up demand here i think

[amla] 15/1/2007 09:38

Jodi,AMLA is me....not a company!

[tom.muir] 12/1/2007 09:27

Results will be published 9th March

[jodi17qad] 11/1/2007 12:20

Interested to follow up reference to ALMA or AMLA. Can you please indentify company? Off topic but AMB, TEF and TGH have also been rewarding investments together with SGI.

[its the oxman] 11/1/2007 11:18

for what its worth richard pukis (company sec) at sgi has confirmed by email to me that they do not plan to issue a trading statement before the results.