Stanley Gibbons Share Discussion Threads

[tsmith2] 23/2/2016 11:32

Highly dilute RI; no rush at all to pick up any stock. Will prob fall below RI price particularly as most will prob want out

[jadeticl3] 23/2/2016 11:11

While it could never be proved that if the Manager chose to drop Messi and play my dad, that the ensuing result of a 7-0 defeat was caused by this, I would be sure.
Can I also be sure that this set of Managers, making the wrong decisions they have, are the cause of the 7-0 score line we see at the moment. And the match is not over yet! Could I be confident that the decisions from here onward would be any better than those already made? I doubt it. Time to change the Manager. My dad is out of work, and he could not do worse than the present incumbent.

[elmfield] 23/2/2016 11:08

Like I said,
Buy at 18 p,
When the bust in global finance is at its worse.

[buba] 23/2/2016 11:07

bonio1000 yes they do

[elmfield] 23/2/2016 11:06

Not the best life time investment.

[buba] 23/2/2016 10:58

What do we think is a realistic net asset value ?

[typo56] 23/2/2016 10:51

Castleford T, they might do that, or they might raise the bulk of the £10m in a placing and conditionally place the remainder (with clawback for for an open offer). That would dilute you, even if you took up the open offer in full.

[bonio10000] 23/2/2016 10:49

Does SGI own Baldwins?

[ramas] 23/2/2016 10:45

Best to keep your cash in nice blue chips .... A portfolio of standard chartered , bhp billion and tesco would have served ...... Err about the same as a 'risky' bucket of aims. Never been in SGI but the time to buy is when the bloods in the streets ... Stamps and such like are cyclical in nature, just look at recent art sales. The need for portable wealth remains even more so in today's times. That said I think SGI will go lower but it's on my watch list .... Dunno 20p ?

[bookbroker] 23/2/2016 10:18

I used to like small cos., but the managers should not be trusted, few and far between, and this board on ADVFN full of charlatans promoting penny shares, most of these little cos. practically zombies!

[castleford tiger] 23/2/2016 09:49

typo

I expect 1/2 at 40p.
Wskill

6 million of the GROSS 10 has gone before it comes in. needed to pay of increased overdraft by end of march.

tiger

[typo56] 23/2/2016 09:45

One assumes that the main equity placing has been agreed (although you never know) and existing private investors will be given a token sniff. If that's by way of an open offer then you probably need to be a holder before the announcement, in order to have an entitlement. If it's a rights issue then you can probably still buy cum-entitlement after the announcement.

Still one I'd bargepole.

[wskill] 23/2/2016 09:41

A new team is required here the cash raised will just disappear otherwise ,they must be shown the door then SGI has some hope of recovery.

[graham1ty] 23/2/2016 09:13

Jade, no, could be defined as arrogance. They thought they could take on the world, buying every type of auction and collectible business, buying up collections and inventory, sacking good people ( and bad) and thinking the world would come knocking at their doors ( even tucked away in the CI).

But, it turns out, they did it with debt and the market they needed did not exist.

Mike Hall has always moaned that SG is undervalued and that the North American stamp market is more mature, far larger, far higher valued. So, why not just the whole Group,up for sale ? A long term player would not baulk at the debt, would live the inventory and would exploit the name of the great Stanley Gibbons. Imagine the joy for a N American company at being able to but SG for £20m odd ( plus the debt)

[liam1om] 23/2/2016 09:11

No position here at the moment. But there seems to be quite a keen buyer in the market this morning.

[stevenlondon3] 23/2/2016 09:08

There is no mention of writing down stock values which is necessary to generate revenues going forward. Sitting on the sidelines until they bite the bullet.

[jadeticl3] 23/2/2016 09:06

The whole saga of the last few years can be summed up in one word, "disgraceful". Every action taken, every decision made has resulted in a bigger hole from which to dig themselves (and us).

[clocktower] 23/2/2016 08:40

As I stated some time ago, they thought they could become investment managers and took on staff to promote their expertise - so poor as they at managing their own business, who would trust their funds to them?

"hxxp://investment.stanleygibbons.com/why-invest-in-stamps/wealth-managers-ifa/regulations-and-compliance

JFSC: Stamps and other collectibles are not "Investments" for the purposes of the Financial Services (Jersey) Law 1998 (as amended) and as such are not regulated by the Jersey Financial Services Commission."

[2magpies] 23/2/2016 08:29

'investorshow'?

These are not 'investments': just collectibles!

Stamps collectors appear to be mostly 60+, with hardly any young entrants,thus the demographics argue against any sustained increase in values, as more and more collections come onto the market, with each year that passes.

Right now indebtedness exceeds market cap.

Until the fundraising is out of the way, it's hard to know what to think.

If the share price is already looking 40p in the face, what level is the fundraising going to be?? Even lower??

[eagle eye] 23/2/2016 08:19

Stanley Gibbons are exhibiting at the UK Investor Show on Sat 30th April in London. A good opportunity to meet management if you remain a shareholder.

[blueball] 23/2/2016 08:13

They are worth no more than 10p imo.

[goldenshare888] 23/2/2016 08:05

Sounds really bad to me and one to avoid at all costs.

[clocktower] 23/2/2016 07:59

Not worth a light before much longer, they lost the plot as did FBDU when they were part of that group. Brailsford is well past his sell by date. The stock was overvalued and to all intense purpose much of it is worthless. RIP - DYOR