Stanley Gibbons Share Discussion Threads

[moneybags] 19/11/2015 15:19

Hi, I am looking to get back into these since my sale (no doubt ,way back in time on this thread) a few years back.
I think they are about the 'correct level' right now.
Haven't bought back in yet, but 'getting there'
Interesting times.................

Regards , Moneybags

[gateside] 19/11/2015 12:14

I personally don't have any issues about the management at SGI, but I thought this Warren Buffet quote is apt, from what people here are saying about the management :-)

I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.

[jadeticl3] 19/11/2015 11:46

I have held these for a long time, never sold, but have added. I too am bitter about management and it is nothing to do with timing.

[superiorshares] 17/11/2015 11:54

I think you are being too harsh on the management, they have done some good things. are you just bitter about your timing ?

[bookbroker] 17/11/2015 06:17

NAV meaningless until they actually sell those stamps, debt rising, another one bites the dust!

[abergele] 16/11/2015 22:13

S.G.new colourful sales magazine is attractive enough,
I shall be after some goodies along with many many around the world,twil all add to the bottom line..all shares are getting hammered at the moment.

[eastbourne1982] 16/11/2015 21:50

The share price currently trades around 3% below tangible NAV.

[eggbaconandbubble] 16/11/2015 21:47

Frankly I wouldn't touch 'em until they have a change of management AND the share price is rising again. Trying to call the bottom.....not easy!

Well worth watching though!

[bookbroker] 16/11/2015 19:05

Might join u, that unless the cretins running this co. don't need a rescue rights issue!

[superiorshares] 16/11/2015 19:02

my 50p entry point is on the near horizon.

[clocktower] 16/11/2015 17:26

Maybe they will use the low levels the share price may reach soon to issue themselves with a whack of new options on the pretext of incentive for their own failures and mistakes.

[eastbourne1982] 16/11/2015 17:04

I sent Mike Hall a fairly frank email this morning which included the post I made on here today, see below, as yet I've not had a reply.

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This company clearly needs a good shake up and a dose of reality, for example who at SGI thought buying Mallett for approaching 10 million was a wise move ??

Anyone with any business acumen in the 21st century would realise this type of business has had it's day, it may have been worth buying in the 1970's - 1990's but times have changed, the likes of Mallett are not good investments going forward. Circa 10 million could have gone into creating a quality online business, I've been in the antiques game full time since the age of 23 (now 33) and am well aware of the gaps in the market and areas which could be exploited, SGI seems unaware of any of these and you wonder if the people controlling the purse strings / acquisitions really have any connection with the current / future marketplace of antiques and decorative arts, there are so many opportunities out there !!

[clocktower] 16/11/2015 13:59

I see it hitting much lower figures yet and falls of far more than 8%. There is a total lack of confidence in the BOD from most PI`s perspective imo.

[eastbourne1982] 16/11/2015 13:03

Nearly 8% down again today, absolute shambles.

[eastbourne1982] 16/11/2015 10:58

Personally I don't see the point of rolling it into Dreweatt, I don't see where it would fit there, if SGI have asset stripped Mallett and come out the other side favorably I would close it down or flog it on, I doubt there would be much interest though especially if nothing worthwhile is left !!

[graham1ty] 16/11/2015 10:54

Eastbourne, of interest to me is whether they plan to continue Mallett as an independent (profitable) company. Or roll it into Dreweatt.

And the other Unknown above: how much management time has it taken, as a complete distraction from stamps......

[eastbourne1982] 16/11/2015 10:23

Hi Graham,

Thanks for your reply.

On the face of it they are now losing money on Mallett though as the business doesn't generate worthwhile profits and appears to cost a fair bit to run in terms of staffing etc.

Of course I appreciate you may well know a lot more than me on SGI / Mallett.

Cheers.

[graham1ty] 16/11/2015 10:17

Eastbourne. I want to try to analyse the Mallett contribution when I am back at my office. Am away til Weds. If you look at my notes on Stocko, inventory at Mallett was £11.3m at the acquisition and £4.3m at the year end. I know SGI had a fire sale of Mallett stock a few months ago. They have sold one property. The Mallett acquisition looks like a huge asset strip. Now, whether they made any money from that....who knows. Whether what is left is profitable....lets see. And why they spent all the cashflow on stamp inventory, who knows. But overall, I think they made money from Mallett.

[eastbourne1982] 16/11/2015 10:14

Does anyone have an email address for Mike Hall ??

I think I will email him to vent my spleen, total waste of time I know but possibly worth wasting a few minutes on.

[eastbourne1982] 16/11/2015 10:09

This company clearly needs a good shake up and a dose of reality, for example who at SGI thought buying Mallett for approaching 10 million was a wise move ??

Anyone with any business acumen in the 21st century would realise this type of business has had it's day, it may have been worth buying in the 1970's - 1990's but times have changed, the likes of Mallett are not good investments going forward. Circa 10 million could have gone into creating a quality online business, I've been in the antiques game full time since the age of 23 (now 33) and am well aware of the gaps in the market and areas which could be exploited, SGI seems unaware of any of these and you wonder if the people controlling the purse strings / acquisitions really have any connection with the current / future marketplace of antiques and decorative arts, there are so many opportunities out there !!

[clocktower] 16/11/2015 08:17

Desperate or is it a case of showing that your investment with them will even be worth the 5% bonus they give you when you invest £25k+ with them. Would you give your funds to a company that has failed to live up to past expectations?

hxxp://investment.stanleygibbons.com/direct/5percentpromo?utm_source=Brand&utm_medium=ppc&utm_campaign=PPCBrand102015

The problem is that I think they see themselves as investment advisor's rather than market makers in the stamp world.They have to many hats and are not sure which one fits so have thrown them all up in the air with the hope that one that fits lands on their head imo. DYOR.