Stanley Gibbons Share Discussion Threads

[giant haystacks] 06/3/2016 18:02

My hubby just luvs a good lick.

[professor pettigrew] 06/3/2016 17:15

Surely the value of their stamps, autographs and memorabilia is worth far more than the current mcap?

[blueball] 06/3/2016 16:07

This could easily fall to 10p imo as I said on the 23rd Feb.

[bookbroker] 06/3/2016 15:52

Not a lot, if they can't sell the stamps, all you are left with is a mountain of debt!

[keya5000] 06/3/2016 12:17

Clock tower.

Thank you that confirmed my thoughts.

What is the perceived break up value here after debt repaid?

[wskill] 06/3/2016 11:08

I would hope Henderson would help remove this inept management but suspect they are paddling their own canoe and have a purchaser lined up ,to sell their stake at a profit ,no sane person would invest more cash with these idiots its going to vanish like all the other cash has in the past.
I know you bash AEO at every opportunity you can clocktower but there is a much better management team there than SGI and they have paid us a very decent dividend over the past few years with a good proportion of my original investment now covered by dividends wish we had the same here.
I would guess the rights issue here will be around 20p or less after the resignation of the previous auditor as we can have no faith in the companies valuations.

[clocktower] 06/3/2016 10:06

keya5000, Because they can select which road to take as they will be able to take over lock stock and barrel for a pittance of its true value if they put in their own team a strip it to the bones quickly.

[keya5000] 06/3/2016 07:42

Been looking at the demise here and the recent trading. Looks like there is a substantial buyer picking up the stock those two late reports look to be buys.

Why on earth would anyone be buying like that with a likely placing coming?

[battlebus2] 05/3/2016 09:14

That's what I was saying puggly, I was being sarcastic, by the sounds of it we will be offered the remaining shares. Won't be taking up the offer unless it's at a big discount.

[pugugly] 05/3/2016 08:54

BB2_ "So far as possible" Reads to me as though "We would like to be politically correct and think about the private investor but when push comes to shove they can and very possibly will be ignored"

All imo but does not read well to me.

[battlebus2] 05/3/2016 08:44

Pre emption rights as far a possible, that's looking after share holders.

[gbh2] 05/3/2016 08:40

"But this is going to into admin if it's not careful."

And back into private ownership?

It's never looked happy as a PLC imo.

[castleford tiger] 05/3/2016 08:36

OAKVILLE

Sometimes they do.
In illiquid stocks even DART group fell below stop loss 4 weeks ago and has since recovered 15%.

However I do agree with your point.

[oakville] 05/3/2016 08:13

This is why stop losses pay off. I lost money at £1.05 ! But this is going to into admin if it's not careful.

[castleford tiger] 05/3/2016 07:45

By the way I think next week may bring even more misery to the SGI saga.

Clearly this company has not be managed.

However as ever I fear worse to come for the PI.

Tiger

[praipus] 04/3/2016 19:10

Davidosh, You are a positive stressor for them. No good being ignorant, directors need the facts. It won't do you or them any harm and they'll be back when they need you to promote a secondary market again.

Thank you for representing us PI's.

Well done, please keep up the good work. P.

[arthur_lame_stocks] 04/3/2016 18:51

If SGI are going to ask their shareholders for money, are they first going to explain exactly what risks the auditors saw which led to them resigning?

I think if I were a holder I'd like to know.

[davidosh] 04/3/2016 17:41

TNG....I think the directors did not like me going public but I really do not like cheeky lowball 'insider' management offers. They were going to try to take it at 2.25p and this afternoon have agreed to pay 4p. I am sure the company has not improved its business in that short period so why did they try to leg over the shareholders before the rival bid forced them to re evaluate whether they were being fair ?

It was announced on 10 February 2016 that the board of Tangent Holdings UK Limited ("Bidco") and the independent directors of Tangent Communications PLC ("Tangent") had reached agreement on the terms of a recommended cash offer (the "Original Offer") at 2.25 pence per Tangent Share (the "Original Offer Price"), to be made by certain members of the management team of Tangent (acting through Bidco), for the whole of the issued and to be issued share capital of Tangent.

[praipus] 04/3/2016 17:03

Ditto thanks to Davidosh post #2028 re audioboom which led to 20%+ profit today on paper at TNG:)

[bookbroker] 03/3/2016 21:11

20p at most in cash raising, otherwise administrators beckon!

[dlku] 03/3/2016 15:37

dunno why I'm holding this carp