Stanley Gibbons Share Discussion Threads

[jtcod] 04/11/2007 19:37

China was a must even above the EU because it already represents 10% of business.

[liarspoker] 04/11/2007 18:26

I also like the article. The translation of the website into Russian and Mandarin will surely boost business. I know for a fact that Russians are big coin collectors and therefore the collecting community for stamps should be fairly substantial too. As for China....well I think that a previous link that I posted on these threads says it all. :O)

[jtcod] 04/11/2007 18:20

I think that's a good article. I like that Hall is as tight as a ducks .....;-)

[mw8156] 04/11/2007 14:34

Telegraph previously advised sell but this article is reasonably positive.

[westcountryboy] 04/11/2007 11:14

Interesting analysis of SGI in today's Telegraph, arguing the case for further investment online if we are to double in value:

[cambium] 03/11/2007 19:58

You can add to the white box by editing the text later too, so dont think you have to do it all in one go, work in progress

[liarspoker] 02/11/2007 23:36

David - just go to the top of this page. Press the 'Add discussion' button.

Fill in the header ( note that whatever you enter can't be changed later )

Tick the boxes for relevant charts and news

Fill in the relevant info in the white box

Easy. :O)

[wilmdav] 02/11/2007 22:11

Never done that before, Cambium, so don't know what's involved but will have a look at it over the weekend. Thanks for the comments from you and LS.

[cambium] 01/11/2007 21:37

David, Why not start a new thread with your website advertised in the header, well done on the site

[liarspoker] 01/11/2007 13:11

Email send - best to remove your Email address imo.

Edit: Nice site btw.

[wilmdav] 01/11/2007 12:57

Liarspoker

I recall that you have a recent Seymour Pierce broker note. Would much appreciate a copy, if you are willing.

If (and only if) you are also happy for it to be made available on my website, I will add it to the SGI section.



Wilmdav

[liarspoker] 01/11/2007 08:24

David Martin-Bralsford is new non-exec:



Looks like Hall will be using Bralsford to establish the stamp ETFs that the media says Hall is talking about.

[robsy2] 26/10/2007 16:46

Quite right Liar,Talking of accelerated earnings and lowre marginal costs brings us to web based sales.The potential for web sales is very strong. As well as that, a web that has a strong focus , like SGI's, also brings in loads of advertising income from banner ads. Also we should not underestimate the long-term benefit of SGI having stamp valuation indices named after them. This makes them the official , global point of reference for stamps which I think is massively beneficial.

[liarspoker] 25/10/2007 16:28

OK I've had a rethink about SGI....it's even better then I thought. :O)

Think of it like this: the ptp / revenue ration in 2003 was 14.27%. If you line up every 1/2 year result and look at T/O growth and PTP growth you will see that PTP is growing faster than T/O ( you can take my word for that but it really is impressive if you see the numbers in front of you ).

That means that economies of scale are taking place and sales are rising much faster then the cost base. In 2006 the ptp / T/O ratio was 22.48% an increase of over 8% !!

It gets better - the Guernsey operation will be tax efficient allowing for even greater EPS growth.

Also we did 30% EPS growth for H1 with less finance income and added finance expense therefore I'll put my neck on the block and say that we'll do 14p+ for this year. On the current purchase price that puts SGI on a multiple of 15 and a bit. Damn cheap for a company like this imo. :O)

Edit: Yes, sorry Tom. I meant gross gearing but of course we have positive net debt.

[tom.muir] 23/10/2007 17:12

Absolutely Liars. Agree with all you say - except 'low gearing' Should be nil gearing - cash positive. Tom :-)

[liarspoker] 23/10/2007 14:53

Perfect mix of Slater and Buffett here Tom.

Forward P/E of less then 12 whilst the rest of the companies on the same fundies ( DPLM, LTC, ABC etc ) are trading on perspective P/E's of 17. Plenty of reasons for SGI to increase in value imo.

Peg of around .34 and net profit margins of over 16%, ROE of around 25% growing by 25%, Good ROA, Positive net debt, low gearing, great brand name, SGI numbers being used in catalogues etc etc.

[tom.muir] 23/10/2007 14:30

You been swindled Irene - next time ask for the ones without perforations and off centre. SGI have some of these but they do cost a tad more - but they add character to your letters. :-)

[irenekent] 23/10/2007 12:26

Orange1

Of course I always buy my postage stamps from SGI. It means they have always got perfect perforations and are well centred. You would never catch me purchasing from that ghastly little PO around the corner.


Joking aside, I know that a lot of mail-order businesses are finding times hard through the strike with many people choosing to wait to order until things are back to normal.

Irene

[liarspoker] 23/10/2007 11:34

Added another 1000 this AM at 223.3p - took a while for the broker to get back to me but with level II I was able to see that I could pick them up cheaper then 225p. A saving of 17 quid which isn't much but over a lot of trades they all add up imo.

[liarspoker] 23/10/2007 10:19

Harry - I've been adding a few more.

Lol Orange - but I think that Irene means that people won't receive their orders in the same time as before the strike.

I don't think the price is drifting because of the postal strike though. I think it was because of the Dow drop on Friday. The MM's marked this down yesterday and they just haven't put it up yet. Buys were going through yesterday at 222.5p on an offer of 225p. I see this morning some poor sod bought 300 odd shares and got charged the full 225p.

[orange1] 23/10/2007 10:12

Irene
LOL! People don't buy SGI stamps for sticking on letters.

[irenekent] 23/10/2007 09:20

I see their previous owner Flying Brands have issued a profit warning because of the effects of the postal strike. Maybe this could explain some of the drift in SGI's share price.

[polzeath] 22/10/2007 20:58

Questor says BUY!

Well, next month or so they'll flip flop, anyway LOL.

I'd put the recent dip squarely down to them.

[harrykewell] 22/10/2007 20:44

Has anyone topped up during the recent downward drift?

Is now the time or might a lower price be around the corner?

[jtcod] 22/10/2007 14:13

Exactly Liars
I have always believed that SGI's stock is almost as good as cash. That's why I was pepared to pay more than my usual limit for SGI stock.