Stanley Gibbons Share Discussion Threads

[castleford tiger] 13/1/2016 11:55

badly worded they don't need to issue shares.
something going on is my guess.
someone having a go behind the scenes.

This is clearly not right.
Now you cannot buy the shares.

Anyway a great week to start buying in (NOT)
TIger

[2magpies] 13/1/2016 11:53

Despite the fall in sp, they still haven't actually raised any funds.

Potential investors can see the distress, and may well be ruthless and drive a very hard bargain!

Fundraising has to be relative to the sp, not 'asset value': no?

SGI are not in 'mint' condition!

What goes around, ............

[prop_joe] 13/1/2016 11:51

They would probably need to pay a high interest rate but a bond or convertible might be an option. I wonder if it could be secured on the inventory in order to lower the coupon rate? Not an expert in this area by any means though!

[dickbush] 13/1/2016 11:45

RNS

"The Directors note the recent movement in the Company's share price and would like to update on current intentions for funding the business.

In response to a number of unsolicited enquiries from shareholders and other investors, the Board is considering a number of fundraising alternatives to reinforce the working capital position prior to the year ended 31 March 2016. However, whilst an equity fundraising is one option potentially available to the Board, the discount to the Group's net asset value at which any such fundraising would likely be priced could make it a relatively unattractive route to alternatives under consideration. The Directors will update the market on the progress of these considerations in due course."

A bond or convertible issue to pay off more expensive debt and have some cash for brand building? Fidelity bought circa 10% of the company last year at circa £1. Maybe they'd be interested. It would be small beer for them.

[prop_joe] 13/1/2016 11:43

Given the name recognition of their brands and their inventory of collectibles (even allowing for write-downs) I would expect that if they put the whole business up for sale it would fetch more than the current share price. That would be one way to address any working capital issues!

[dickbush] 13/1/2016 11:35

I just bought for the first time at 61 and they are immediately offered at 60p!

Even with a 20% write down of their inventory the net current assets are worth nearer to 70p/share than 60p. It's time for value investors to take a look.

I'm less pessimistic about management. IMO moving to a more general seller of collectibles from just being the most famous name in stamps, and the move to on-line trading were good ideas. The growth in stamp values has been pedestrian in recent years whereas other parts of the collectibles market have shown much more positive growth in values, particularly at the top end. Is that going to continue? In the short run, possibly not if we get another global economic downturn or equities get into another global bear market. Your guess is as good as mine on that.

A lot of investment has and is taking place to switch over to a predominantly on-line business, but anyone who has dealt with eBay should know that SG's Market Place, if it keeps out the unscrupulous, could well take a chunk of the collectibles market away from eBay in the long term. That's my hope, anyway.

Meanwhile, Stanley Gibbons remains the number one name in philately and should be building the brand for its more diversified portfolio of collectibles.

[clocktower] 13/1/2016 11:34

This is looking very very grim. Those that suggested 50p might now be looking at 30p I guess.

[she-ra] 13/1/2016 11:16

RNS issued saying how they are looking into raising funds.I never expected that.

Thoughts anyone?

[moneybags] 13/1/2016 10:56

clocktower............It's all good fun, anyway.It's only money.

Regards , MoneyKeepLickingThoseStampsBags

[jadeticl3] 13/1/2016 10:45

I am still a holder and in profit even at these silly prices, which are a 10 year low, because I have held for soooooo long. But seriously, how can this team stay in place when the reason for the fall in price is their poor judgement ? What good calls have they made over the last few years? The share price went up, in my opinion, because management told folk what good opportunities there were for a company like this, and that the actions taken would cash in on those opportunities.
Now everyone, it seems, sees this was not the truth and the share price has crashed to levels I could not imagine 2 years ago.
I can see a recovery, but not under this management!

[clocktower] 13/1/2016 09:38

LOL Moneybags - but they can also go down, and it seems there is still a large sellers filling those buys but there does at last seem to be more support at this level, so they may well bounce from here but for how long?

[moneybags] 13/1/2016 09:18

I am back in these shares after a long time away. Bought 50,000 shares at 67.5p.Trade might show up for an hour or two.

They can go up now..............!!

Regards , Moneybags








Disclaimer........This posting may contain nuts

[superiorshares] 12/1/2016 11:22

my target 40/50p.... this may possibly overshoot down to the 20/30p range ?... many people in the financial world dont consider stamps as investments. stanley gibbons has, since their birth. I dont see any change in their view. those that bought in after the float did incredibly well, those that bought in toward the 4 pound mark didn`t. as i said a while ago, in due course sgi will be the deal of the decade. that time is approaching .

[she-ra] 11/1/2016 19:15

Castleford Tiger - the Motley Fool article puts me off buying personally.Then again I know very little about stamps.

[clocktower] 11/1/2016 16:39

I wish you luck CT but SG has stuck its head in the sand wanting to be an investment company first and foremost imo and as that show me the proven track record when they cannot even run the company as well as it was previous to this change of direction becoming the focus.

Over stocked - a heavy write-down needed that will alter your assessment figures.

I am not suggesting 50p but there is more downside to come imo.

[graham1ty] 11/1/2016 15:45

Castleford, I think you have my email from TND days. Send me an email re SGI

[castleford tiger] 11/1/2016 11:55

For me its time to take a stake.
I want a position here and will drip in to buy up to 150k shares.
I have started today and hope to be complete by the end of January.

72p looks to me to have limited downside.
I see 94p a share minimum in break up value / please do your own calculations.
the business that will still make a profit this year is for free. How much will they make........well I read anything from 2 to 5 million.
I have written off 2015/2016 but would expect 3 to 4 million next year.
At 35 million market cap and well backed by assets I think there is now very limited downside.
I see suggestions of 50p being possible and I guess that could happen ,but the upside has to be 100% even if the business is stabilised. Possibly much more if the business can regain its old profitability.
So I have started and you may well see a few buys over the next few weeks. not everything shows but a 10k a 72p was bought around 11 am as I start.

[eastbourne1982] 09/1/2016 21:18

Baldwins coin sale results, they seemed to get a fair amount of it away and some of the figures should have generated some decent income for SGI.

hxxp://www.baldwin.co.uk/ny2016prices/

[stevieweebie2] 08/1/2016 16:33

looking like a ten bob punt.
feel for all holders but I have been that soldier.
will keep watch

[qs99] 08/1/2016 16:27

blimey, not a holder any more from way back when, but am still following as do feel there must be some value somewhere in this, despite the board driving it into oblivion it would seem....DYOR but at nearly down 10% it is looking pretty sorry for itself and chart would suggest it is going lower IMO.....gla

[davr0s] 08/1/2016 14:30

Yes like 75p from it.... Seriously why do you think there is a bottom here, the chart looks horrible

[knowledgeablestampman] 08/1/2016 10:34

I wouldn't hold your breath.

[oakville] 08/1/2016 05:18

Very close to the bottom here...

[clocktower] 07/1/2016 17:53

Good Luck spob but I am still negative, so for the time being will not be buy back in yet.