Stanley Gibbons Share Discussion Threads

[cambium] 13/2/2004 20:36

Was he a stamp collecting frien at share price

[nurdin] 13/2/2004 18:14

oops..corrected my post to replace IDN with IND.
If the results are well ahead of expectations,as someone suggested here,100p wont be far off...but I take ''my friend who is stamp collector..'' type of posts with a pinch of salt.
Results due end Feb according to Seymore Pierce.

[cockneyrebel] 13/2/2004 17:49

Blimey Taurus - you've gone from cautious bull to rampant bullock in a few weeks! :-)

Anyway, how about a compromise instead - IDN (IDN Telecom) rather that IND? Results March 9, says it will beat - looks like it has the potential to be on some pretty racey growth of 100%+ on a PE of 15 or less.

Anyway, still plenty more to go for in SGI imo - no sellers in sight at the moment and as results approach in just 3 weeks the punters will be buying. I suspect results and forward outlook will be rather good and with this statement putting a nice safe base under them along with all the cash and growth in assets from PVRD. Nice larger buys going through today I see.

'With the year end only weeks away, the Board can report that good progress has
continued throughout the year and that the Directors are confident that the
results for the year end will meet market expectations."

Forward PE is still under 12 without any upgrades. eps growth is set to be 70%, they are growing their pre-tax at 100% and are set to start paying a divi next year too - that's cheap imo. 70% eps growth on a PE of 12 is a PEG of 0.17 and 3 years of very strong earnings growth in the 100% range. Plenty of micro cap funds that would be pleased to pay a PE of 15-20 for 70% eps growth and a divi from a really small company that has lots of growth potential - 85p-114p on that basis with no earnings forecast upgrades. PVDR and the cash is a bonus imo.


Still a lot more to go for here imo - and if the results beat expectations then I think these could go well over 75p, perhaps to 90p pretty swiftly. A nice thought when the downside looks so limited imo. Risk/reward has to be well in favour of reward imo with SGI.

80p by the results imo - not that long away.

Good luck to all no matter what you're holding.

CR

[nurdin] 13/2/2004 16:52

Hey..good luck to you with IND..no offence meant.You right, profits are not important ;o)

Back to SGI.I see earlier buys of 25k and possibly 20k.That started the ball rolling I guess, but todays volume doesnt justify the rise. So perhaps a weekend press tip is possible? Lets hope so

[clocktower] 13/2/2004 15:02

It takes very little buying now to drive this higher as everyone will be holding onto them as though they are stuck with super-glue.

[taurusthebear] 13/2/2004 14:44

Market cap 4.5 million. Does a company need to be making a profit to have a share price? Directors buy HEAVILY after IIPSEC show at which IND came 2nd of 80 contributers, so what does that say to you?

Sorry, nurdin, but sometimes you have to follow the signs as much as the numbers! Good luck here, you got in early but for ME the potential upside NOW isn't good enough in the next few months. As I say, I'll get my coat, but reserve the right to comment here as a non-shareholder. Good luck - I'm sure you'll get there by stealth, I just need more adrenalin.... :0)

[nurdin] 13/2/2004 14:17

Taurus..IND are rising on hot air...SGI are motoring on fundamentals....Id sleep much easy holding SGI than IND but each to their own.

PS I note IDN have a lot of cash but profits are two years away..

[taurusthebear] 13/2/2004 14:12

IND matching SGI bid and offer now. Sorry, don't meant to intrude, good luck, but IND has 3 quid written on it this year! I'll get my coat.... :0)

[nurdin] 13/2/2004 14:12

Mo..interesting read.Stamp trading seems to be booming everywhere I look..and I wouldnt surprised if SG start moping up some key houses with established internet sites.SGs reputation in the industry is one of its key assets and I can see them exploiting that reputation to become the center of excellence for internet stamp trading globally....I expect them to announce launch of the Alternative Investment Trust with the results and possibly an acquistion too

[clocktower] 13/2/2004 13:16

jwe..I never said £3..thats going to far,,that was nurdin..:-))

All taken in good spirit jwe.. Very good posts on this thread.

As you all know the beauty of this as an internet play is that costs are so low to scale up from the base they have. Part of the advantage they had was/is the huge data base that came from FBDU. Remember, same stable od directors.

By the way for FBDU is fully valued imo but worth looking at on weakness..What I like is Listen to Books in the long term.If that got floated off from FBDU it would be interesting also.

[mo123] 13/2/2004 12:04

6th Feb 2004

Robert Murray, owner of the eponymous stamp emporium at Edinburgh’s Inverleith Gardens, highlights the lack of detailed historical data available to the would-be stamp investor.

"If you were thinking about investing in a listed company today you can easily check its track record and share performance on the internet," he says. "With stamps, there isn’t a central price record as such. You can refer to stamp catalogues but they don’t provide you with actual market prices.

"It means that the person who wants to invest seriously would find it difficult to put together the background knowledge quickly. The only people that can do it wisely, I find, are those who are first and foremost collectors, who get a feel for it."

Stamp collecting’s sober reputation took a knock and has, arguably, been struggling to recover ever since. Mr Murray admits it has taken years for the market to shake off the legacy of the late-70s boom, but believes that it is now in rude health with just "wee excitements here and there".

One innovation that has helped to stabilise the international market for stamps is the internet. Every day, hundreds of thousands of pounds worth of stamps are being bought and sold via online auction sites.

The trend has inevitably put pressure on the traditional stamp shop. Why bother travelling miles when you can search for that elusive first day cover from the comfort of your own front room?

Established in 1977, Robert Murray now employs six people and reckons it handles more material through its regular auctions than any of its Scottish competitors.

Over the past few months, the business has seen a "noticeable" upturn in the volume of material being offered for sale which has originated in the US.

Mr Murray says: "It has become worthwhile, due to the strength of sterling against the dollar, for owners of large philatelic properties to ship them across the Atlantic, confident that the extra costs involved will be more than covered by the comparatively strong prices we can realise."

Two positive points here;
1. If a small scottish stamp outfit is doing well, then so to must SGI.
2. If americans are shipping over their stamps, then I would guess that SGI is their preferential choice.

Plus the number of lots at the auction site for this month has risen from 5 to nearly 6K.

[cockneyrebel] 13/2/2004 11:25

A press tip is my best bet nurdin - Friday movers often give the game away.

May just be some big delayed buys tho I guess, but we'll see.

CR

[nurdin] 13/2/2004 11:23

you may well be right Assagi...will have to wait and see ;o)

[assagai] 13/2/2004 11:22

nurdin - there may also be some larger buys not being reported just yet!

[jwe] 13/2/2004 11:21

Clocktower-No it was not nurdin who rubbished your price target of 70p within six weeks it was me!However it looks like you were right and i was wrong and believe me i could not be happier but it did look a big ask at the time.Here`s hoping your £3 a share is also correct,i wouldn`t dare argue!

[nurdin] 13/2/2004 11:17

A weekend press tip seems very possible.Accounts for a tick up yesterday (newspapers go to print on wednesday) and todays rise.If the tip highlights all the plus points we could see 75p easy over the next week.

[cockneyrebel] 13/2/2004 11:09

Profit Predator - I'd expect plenty of buying ahead of the results in early March and the price to be higher then than it is now.

CR

[mo123] 13/2/2004 10:39

PP. If you take out the cash and cash equivalents (circa 17-19p) they are trading on a forward P/E of only 8.6 (49/5.7) Still cheap IMO. Mo

[smow1] 13/2/2004 10:28

Certainly breaking out now. Nice start to Fri 13th.

[nurdin] 13/2/2004 10:23

PP..even after todays rise they are trading on 04 PE of 10-11.Thats dirt cheap for a company delivering earning growth at rate of 70% or more.!

I have had a sneaky feeling that results will be ahead of market expectations but lets wait and see..

[profit predator] 13/2/2004 10:19

A stamp collector friend of mine reckons Stanley Gibbon's results will be well ahead of expectations - is that why they are rocketing today?

Are they still a buy at this level?

TIA

[clocktower] 13/2/2004 09:59

Next stop ?

Ack..nurdin..:-))

[cockneyrebel] 13/2/2004 09:56

I thought these were going to be tipped in IC today when they rose yesterday but no - suspect there might be news or a tip at the weekend then to account for this gallop - lets see.

CR

[taurusthebear] 13/2/2004 09:54

Congrats Peeps! I was hoping for 59p, given the spread, but it never happened, and so I bought IND instead on Monday (currently 65p). Will be interesting to see which one gets to a quid first! ;-)