Stanley Gibbons Share Discussion Threads

[11_percent] 21/10/2015 09:15

Just bought some, hard trade, broker had to call the MM.

[bookbroker] 21/10/2015 08:51

Until the next profits warning!

[molatovkid] 21/10/2015 08:49

no chart resistance till at least 140p....bodes very well for a good rise.

[sophia13] 21/10/2015 08:40

Large spread.

[battlebus2] 21/10/2015 08:37

Continuing where we left off yesterday :))

[cockneyrebel] 20/10/2015 16:58

Highest volume for 7 years today, for your info.

CR

[11_percent] 20/10/2015 16:35

Time to jump in.

[marvelman] 20/10/2015 14:32

The volume today does suggest PI's are not the only buyers or else PI's with very deep pockets.

[eastbourne1982] 20/10/2015 14:23

Nice bounce today and I don't think it is of the dead cat variety, would be pleasing to have a finish a few pennies above £1, I still see this climbing back towards £1.50 over the next few months.

[clocktower] 20/10/2015 14:19

Brailsford is up to the job bookbroker imo he has a proven record.

[battlebus2] 20/10/2015 14:13

Bought a few first thing this morning, fall looked overdone imv...

[marvelman] 20/10/2015 10:58

Well as an ex Eastbourne lad myself glad to be in good company. Have been waiting for the turn for months and my guess this is it..especially as IC said sell. Regards to all.

[eastbourne1982] 20/10/2015 10:56

Some hefty buys coming in today and Gibbons is on the move, I'm still around 14% down though !! ; )

[jonwig] 20/10/2015 08:59

Graham - I don't recollect seeing any as large as 1m, but will look back. Switching trades used to be marked "B" or similar, now they're just "O" trades like most others.

[bookbroker] 20/10/2015 08:43

Brailsford not really up to the job, likewise Duff!

[graham1ty] 20/10/2015 08:38

Jonwig, there are trades of 1m shares going through. That is far too big for the small buyers to be absorbing. Either a FM switching between funds, or SGI or their broker have found a new buyer to take out a previous holder. These volumes will need a holding announcement soon

[jonwig] 20/10/2015 08:36

The market in rare books is, I suppose, related to this. A small AIM-quoted company, Scholium [SCHO] recently reported suddenly better trading after a year in the doldrums. The share price did rather well.

Trades data were mentioned recently. It seems clear to me that the 94p trades are being fed in from a substantial seller (they're usually pretty large) and are absorbing the larger number of smaller-size buys in the 94.5 - 95p range. Only when he's done will the price move much. I don't have level 2, which might throw more light. Comments on this theory welcome!

[graham1ty] 19/10/2015 13:58

Investor

Not sure what you mean about near Monopoly. This is a fiercely competitive area and SG have a tiny percentage. That is the problem. The brand is the best in the world. The execution is not.....

Though I also agree that it is undervalued

[investor40] 19/10/2015 13:42

it reminds me of the Thornton story---small cap./brand name/near monopoly in its field---this one--with HRH as a client-- will shape up or more likely get taken over at 150p

[eastbourne1982] 19/10/2015 10:24

Agree with Spob, considering the share price has dropped from around £2.50 to 95p in around three months a dividend payment doesn't interest me, I want to see the company get to grips with things and in turn start moving the share price north, a dividend payment of a few percent is chicken feed in the grand scheme of things.

[spob] 19/10/2015 10:15

I have no interest in dividends here

happy for them to clear their debts

[graham1ty] 19/10/2015 08:52

Forecasts are now I believe for a cut divi.....if they have any balls they should maintain it.

Constant small buying at 94-95p but no increase in the bid. Must still be the institution selling. When an institution panics, is frequently the bottom !!

[njb67] 19/10/2015 08:40

Will be interesting to see if they can maintain the divi at 5p/share. Would be positive if they could, albeit the lower profits this year may signal a (short term at least) reduction.

[pavey ark] 19/10/2015 08:37

Obviously we can't get too far ahead of ourselves here as these recent coin auctions were included in the recent profit warning but they do seem to show a relative strength in this section of the market.
The year end figures show a stock value for coins of over £6m (at cost ?),a turnover of over £11m and a profit from coin sales of over £3m.
I assume that the auctions would contain some SG/Baldwins stock and the recent auctions were certainly into the millions. I did try to get a very ,very rough figure but I was not going to go through thousands of transactions.
Best guess was £2m/£3m

The market for collectables is still there and given the stock value it is certainly likely that the debt could easily be removed with plenty of room to spare.
Debt free (low debt) , profit making, asset backed and dividend paying looks a reasonable "hold/buy" to me.

[11_percent] 18/10/2015 18:07

I think it is both, they own some, and all sell for clients for a %.