Stanley Gibbons Share Discussion Threads

[badtime] 26/6/2014 11:49

Lol..perhaps should have waited

[qs99] 26/6/2014 09:47

Likewise, like the appreciating assets view, as well as new trading platform going live, also branching out into other lines....should bode well IMO....

[badtime] 26/6/2014 09:15

Punted on a few yesterday at 277p

[qs9] 25/6/2014 10:55

Cheers. All aboard for Friday then!

[eggbaconandbubble] 24/6/2014 17:57

Well, let's wait till Friday!

[robinnicolson] 24/6/2014 14:50

QS9

The last analysis of the deals I read was by Simon Thompson of IC, who reckoned the true NAV of Stanley Gibbons and Noble is well over £100 million.

House broker Peel Hunt are forecasting eps of 20.26 (FY2014) and 23.94 (FY2015), which currently puts SGI on a prospective PER of 13.75 and PEG of 0.61.

[qs9] 24/6/2014 10:43

Ok thanks. may dip toe in market and then see how next update fares...

[eggbaconandbubble] 24/6/2014 10:33

Ought but naught, as far as I can find!

[qs9] 24/6/2014 10:05

is there a broker note which outlines all the deals and future expectations anyone can share please? Am thinking of taking a stake as looks overdone and deals IMO looked decent ones, investment in online capability could be short-term dip...but need more info and Barclays Stockbrokers have very little info

thanks in advance

[mach100] 21/6/2014 16:45

No porbs eggbandb. Very difficult to call the bottom of course. I prefer p/e's of 15 or under myself but it is a solid, niche company and a well respected player too. You may well be right in your expectation of further downside but equally I suspect many will be looking at this and think it has fallen far enough.

[badtime] 21/6/2014 15:50

Feel or guess... Sounds the same to me

[eggbaconandbubble] 21/6/2014 13:42

Mach, with all respect you are just guessing.
The trading update in Jan said results would be in line with market expectations and the online operation would not be coming effective till second half of the year. They have to digest Baldwins, which was a good company but not exactly a go go dynamic one. All the board have said about the acquisition is that they can achieve cost savings etc. as would be expected.
The turnover was up 16% and profit 9% at the interims in March.
The PE is still about 25 which is well high for a company like this. I would expect more around the 15 mark.
That said they are well solid with about £17m in cash and £30 odd in very saleable stock.
I suggest patience until they have proved up the online trading and digested Noble bits.
Buy when the share price is showing sustained upward movement not trying to guess the bottom, which I feel could be some way down from here.

[mach100] 21/6/2014 11:56

We can't be too far off the bottom now. Barring any shocks in the results this must be a good entry point. The website will surely be up and running in spite of past delays. This fall from 380p is surely overdone and the divi should underpin it at these levels.

[robinnicolson] 20/6/2014 08:31

The Stanley Gibbons shareholder information page states that the final results will be announced on Friday 27 June.

[123ct] 18/6/2014 12:29

I am starting to look at this, with £17M net cash, and an average yield of 2.6%, if the results are good and any update on how online sales are progressing following the heavy investment in their site I would think a 250p entry point would have me in, thanks for confirmation the update is on the 23rd as I had it penciled in for the 27th

[bingaxu] 17/6/2014 18:21

Black rock has reduced it's holding to below 5% on June 12. We will get an update on June 23th, then we will know if it's a falling knife. Either way, if it falls, then more will buy in, share price goes up.

[superiorshares] 17/6/2014 14:19

its sub 2.50 folks. The attraction of collectables was heightened by the
financial crisis, caused by too much debt ! this has now been resolved by increasing debt ! The european parliament is advising their mug punters all is sweet again :). What do they say, " never catch a falling knife ". stanley and chums will be deal of the decade in due course. regards.

[eggbaconandbubble] 16/6/2014 12:02

Exactly, on PE's of around 23 - 25 for a solid but pretty much undynamic style of company that has got to be tops for now and most likely drop back further especially if there is a bit of a general market correction. I reckon take your money to Ascot, make a bit there and then hang onto it for possibly some time before diving in.
In short i think there is every chance of buying at a much better price than the current one.

[graham1ty] 16/6/2014 11:38

Because it had got bloomin expensive. On forecasts of say 16p, that is below 2011 eps and at at 380p it was on close to 25x. A pause for reflection

[jadeticl3] 16/6/2014 10:31

Does SGI deserve to see such a deep fall in share price? I am surprised. Why have investors lost confidence over a short period of time after it was flying so high?

[graham1ty] 16/6/2014 07:04

dashton, you still around here ? Been watching it fall and would like to catch up. See that the online marketplace is STILL not launched. Must be five years, and three IT teams since it was first mooted

[bingaxu] 22/5/2014 22:33

Sgi is at the support level between 2013-2014. The company is doing well. "Rare Edward VIII Sovereign Sells for £516,000By Baldwins on May 9, 2014 12:36 AMBaldwin's has become a part of the Stanley Gibbons Group plc and is now a more powerful London Stock Exchange listed collectables retailer and 'top 5' UK auctioneer."http://www.coinweek.com/auctions-news/rare-edward-viii-sovereign-sells-516000/

[jeanesy2] 22/5/2014 10:50

Shareprice now lower than before the tip in IC. Not sure where this is heading ?

[eggbaconandbubble] 19/5/2014 20:48

'a lifetime investment?' only if you want to spend it in penury!
Keep your shekels in the bank until they have demonstrated their ability to digest the aquisitions. Or maybe buy if they hit 250p and then for the long term and expect a bit of a rough ride.

[bingaxu] 14/5/2014 08:08

Aim's woeful underperformance http://m.investorschronicle.co.uk/2014/04/30/comment/chronic-investor-blog/aim-s-woeful-under-performance-gQOL0NTxpcDFmEcCRpRXUO/article.html