Stanley Gibbons Share Discussion Threads

[pavey ark] 29/9/2015 13:49

Yes you could read Simon Thompson today or simply have paid attention to my post 1598,which essentially said the same thing.
Just a bit disappointed that it took Simon Thompson to get them to issue a statement but private investors should be aware that company management don't slavishly follow the share price as hopefully they have better things to do.

[jadeticl3] 28/9/2015 21:55

Who could say you are wrong elm Field? I will not, but neither am I inclined to sell at these prices. Why should I fix a loss when the probability, in my eyes, is that this will rise again.

[elmfield] 28/9/2015 21:29

Having bought as well at around 17p and sold to early,
Things go the way they could you may get a second chance at 17p;
However unlikely it is more likely now than even two weeks ago,
Such is the speed of the market.

[pavey ark] 27/9/2015 11:49

How about you find fault with my figures or would that involve some effort.
It is certainly a falling share price but this share fitted the criteria I was using when constructing a specific portfolio of shares.
You would seem to be questionioning my ability to make a rational,long term,investment decision based on my failure to anticipate the collapse in the world oil price.
I assume you foresaw that event and are now posting from your private island somewhere.

Just to let you know, if the share price falls to £1, and nothing is impossible, the stock held,that management claimed was bought at bargain prices, would be worth 25% more than the market cap without any retail mark up.

[wilk1] 27/9/2015 10:32

Pavey you were bullish on caza in double figures, who's to say your not way off the mark here too. It's a falling knife and £1 share beckons.

[jadeticl3] 25/9/2015 21:56

Well said Pavey Ark. I like your figures and agree that the BOD should have a very good idea on the final years prospects by now.
I am a long-term holder having bought originally at 17p, and then later at 96p. Since then I have watched only, but never sold, and have no intention of doing so now.
They look like a good hold to me!

[pavey ark] 25/9/2015 09:23

This post may stand out as it actually contains some figures and I did spend some time looking at what is meant by the statement
"Notwithstanding the potential half on half split, the Directors continue to believe that the Group will achieve market forecasts for the full year ended 31 March 2016"
(With half the year gone any management making that kind of statement can find themselves in more than a spot of bother if things turn out wildly different from their prediction.)

As far as I can see the "market forecasts" for this year are:-

1 Dividend 6p
2 t/o over £70m
3 profit before tax £10m
4 eps 17p (22p before extra spend on new web site)

I then looked at the asset backing and removed all intangible assets (£37m)and marked up the stock held by a very modest 25%. Taking account of all debt I get a very solid asset backing of almost £60m

Glad to come and go on these figures as it would mean my fellow poster had spent some time looking at the company and its financial position/potential(problems).

My position is that I had a small holding at just over 200p but added yesterday at 138p

Edit: I have been especially brutal in writing off the intangible assets and I imagine that there is a great deal of value there especially for a "brand" name like Stanley Gibbons.

[jadeticl3] 24/9/2015 17:52

Should we auction Mike Hall and see what value the market places on him?

[superiorshares] 24/9/2015 10:46

top flight ceo`s ? not from vw , Tesco, rbs, co-op bank, hsbc, goldman, bitcoin, etc etc. I hope :-)

[eggbaconandbubble] 24/9/2015 10:07

I wouldn't buy in here till they have hired in a top flight CEO to sort the mess out.
As I said before they have bitten off more than they can chew with Noble etc and now they are running around like headless chickens.
Great turnaround play at some point in the future.

[qs99] 24/9/2015 09:52

this is really trying to find a bottom level isn't it....wonder what level the buyers will be attracted? £1?

[tell it as it is] 23/9/2015 17:48

I would imagine that Peel Hunt as a pretty reputable NOMAD would have verified the basis for the H2 comments pretty carefully before letting this go out. Let's hope so because their reputation on the line as well as the Board's if it goes wrong.

[superiorshares] 23/9/2015 15:35

im with you there brother. for me it will be wait to see if their is a mega drop
and a period of languish ? then i will take a gamble on a retun to fortune.

[shanklin] 23/9/2015 14:52

Agreed,but here seems to be no evidence whatsoever that the management is capable of delivery. So why would I invest in that? I would rather wait and perhaps miss the bottom than invest now with the share price in freefall.

[superiorshares] 23/9/2015 14:27

if you wait for delivery before investing ? you have missed it.
its the bottom you need to predict,then decide if you want to gamble on delivery . regards

[shanklin] 23/9/2015 12:42

No position here but thought the RNS identified ongoing failure with the potential for jam at some point in the future if things go as management hopes, albeit there seemed little by way of certainty on that front. Am quite surprised that this has resulted in the share price going in an upward direction.

All IMHO.

Think I would want to see tangible signs of delivery as opposed to BS before investing here.

[superiorshares] 23/9/2015 08:17

no problem with this statement for me. I will be a buyer in due course.
I have never expected The Market Place to be an instant success. I have never heard of a company that doesn't spend a fortune on a computer venture.
for me the fact they are not spending on the market place at present is prudent management. It looks like slowing sales will hit forecast so what !

[qs99] 23/9/2015 07:18

Graham1TY I agree this has too much uncertainty and think this may crater more....fact that they have spent a fortune on the web-site and now are doubting it so much they are not spending marketing £s on it says it all....DYOR and IMO but I am not interested until it hits a discount to book value!

[graham1ty] 23/9/2015 07:16

That does not really answer the questions. Those high end sales that were flagged last year have STILL not come through. There are further integration costs. The fact that they are not spending anything on promotion of the MarketPlace after all these months is acknowledgment that it still does not function properly.

But, with a wing and a prayer they say that forecasts will be met......

I guess it will bounce fractionally on the forecast comment, but,not for long. Credibility evaporating fast.

[castleford tiger] 22/9/2015 17:53

Well I think it got ahead of itself.
Pe of 12/15 ???

They made 4.2p last year. Don't trust all that underlying stuff.

If they make 10/12 p this year then a good entry is 100p.

People get carried away ,that's why I have exited DART.

Made my money whilst everyone dissed the company. Now most of the gains have gone.
16 to 499p
Whats left 100p ??

Not worth it and the same here.

Tiger on the sidelines