Stanley Gibbons Share Discussion Threads

[keya5000] 11/3/2016 11:02

Believe it was very much oversubscribed.

If it fell to 10p it would value the whole lot including the new cash at £14m.

Think some bigger events are driving this in the back ground.

[2magpies] 11/3/2016 10:57

dddt

MMs could be merely bidding for stock they sold earlier today at 30p+

That would be a nice turn at 21p!

[debbie_does_dallas_twice] 11/3/2016 10:55

i could be wrong and at the risk of repeating myself.
Even if they offer shares to all holders it still has to be underwritten for the full amount.
I think there lays the confusion in the wording of the RNS.

[clocktower] 11/3/2016 10:54

Why did they not confirm that ALL current holders will have a rights to buy when they issued the RNS?

[eastbourne1982] 11/3/2016 10:52

Mike Hall lists his skills on Linkedin as follows:

Business Strategy New Business Development Marketing Strategy E-commerce Business Planning Customer Service Retail Change Management Management Online Marketing Strategy SEO Digital Marketing Email Marketing Strategic Planning Entrepreneurship Marketing


I'm laughing my nuts off.

[debbie_does_dallas_twice] 11/3/2016 10:51

I am not sure i would agree 'overhanging' until we find out where they are going .
Professionals are not like aim red/black mug punters looking to make a a quick few £
The mm's are not wet behind the ears and they will pay 21p for theseso called 'massive overhang' shares? i think not...

[2magpies] 11/3/2016 10:48

dddt

Yes, I agree the brand name must be worth something.

From previous RNS: ..."the Board intends that the fundraising will be executed in a manner that recognises the pre-emption rights of existing shareholders insofar as is possible"

Yes, 'as far as possible'. It may still happen, but it shouldn't be a surprise, if it doesn't.


We do now have 130,000,000 shares overhanging the placing price of 10p

At the current bid (20p) that's a mighty tempting profit for placees!

Will it be a surprise if eager punters help them out?

[debbie_does_dallas_twice] 11/3/2016 10:43

I don't care for stamps myself magpies,But many do avidly care about them and are willing to pay good money for them.
Is it not the case that the brand name alone must be worth existing market cap, then what for the assets the property the stock?
i think at this price a chance exists for appreciation, but only if the management is removed..

btw maggpie it clearly states in previous rns that shareholders pre-emtive rights will be protected so i would not assume the shares will not be offered to existing holders, indeed i would presume the reverse of that until told otherwise.
It would still need underwriting for the full 13 million hence the wording in the rns.

[blueball] 11/3/2016 10:42

I did say on the 23Feb they were worth no more than 10p so no surprises here.

[2magpies] 11/3/2016 10:40

dddt

it's just paper (gummed or otherwise) + bric a brac.

Collectors are mainly 55+, and hardly any boys are collecting stamps these days, which doesn't bode well for future values. Stamps shops have closed down all over the place (with good 'capitalist' reason).

One would use the term 'assets' advisedly!

PUG

Looks like, being a placing PI's are unlikely to get a look-in. However, the directors may partake. We shall see, no doubt.

[debbie_does_dallas_twice] 11/3/2016 10:39

I don't believe the shares will head back to 10p people buying in now for the right to buy shares at 10p, i think most missed that important factor upon the news.
Not the MM's they were on the ball quick.!

[dlku] 11/3/2016 10:38

i thought it would end in a prepack and change in management

[debbie_does_dallas_twice] 11/3/2016 10:37

i think the 13 mill needs underwriting hence the delay, but they did say shareholders pre-emtive rights would be protected so i fully expect holders to be offered shares at 10p, if not then if any at all credibility remains with the bod it will finally be gone.?

[debbie_does_dallas_twice] 11/3/2016 10:35

Well looking at the previous rns i would hope so, but agreed, with this diabolical management who knows.

[pugugly] 11/3/2016 10:33

dddt:. Are you sure PI's will get a look in ? The management statement was only indicative of their wish - not so far as I could see a firm guarantee - or if I am wrong could someone correct the position.

[debbie_does_dallas_twice] 11/3/2016 10:32

No they pay the lowest possible amount they can for the share in the fundraising and not the asset value, the asset value has little to do with the placing place that's capitalism!
If every placing was done on asset value what incentive would funders have?
Who would invest and risk money at true asset value, where would they make their money if that was the case ?

[2magpies] 11/3/2016 10:31

dddt

'existing assets' have been valued by the placees (one would have thought), and, minus debt, they were only prepared to put up 10p!

For once it isn't SGI and their 'catalogue price' that is determinig values!!!

[wskill] 11/3/2016 10:30

Management must be replaced after this disgraceful placing the sells for the past few weeks must have been the people who have been close to this. They have done very well out of this I am sure.

[kulsan] 11/3/2016 10:28

It will collapse when people start selling..at the moment people are shocked and hoping for a recover

[bookbroker] 11/3/2016 10:23

Richard Griffiths must be spitting blood right now, seems to hold 3.5 million shares here or thereabouts, at what price did he pay, whether on his own account or for outside investors??? Still he'll have a sore wallet!

[pugugly] 11/3/2016 10:23

I wus wong - 10p - but price holding up - odd.

[debbie_does_dallas_twice] 11/3/2016 10:22

not quite as simple as that yasx. the company in now valued at nearly 30 mill (with the new shares)
I think most would agree even with the disabled management in place existing assets minus debt equates to a lot more than that.
Also you need to hold the stock to get the 10p shares, the record date has not yet been set.

[bookbroker] 11/3/2016 10:20

Could see some of these funds that rescued this co. pairing their holdings for a quick profit at some point, depends upon the lock-in, they have effectively supplied the cash for zero right now!

[yasx] 11/3/2016 10:19

Well, looks a safe short here at 22p - equity raise at 10p so those shares when admitted to the market will be sold instantly. Thus, this will revert towards the funding price. Almost invariably that is the case.

[2magpies] 11/3/2016 10:19

That must be a shocker.

10p!

That has to be the placees' verdict on philately!

(demographics mean that: incresing supply + decreasing demand = .....)