Stanley Gibbons Share Discussion Threads

[rimmy2000] 17/3/2016 19:31

11% very quiet on ENQ board :D

bust, ye say..?

[11_percent] 17/3/2016 19:18

Have taken up my shares in the Open Offer.

Did not go for excesss shares as this will go below the 10p offer price, and that will be the time to buy.

[islam1] 17/3/2016 15:32

$10m coin...wow...a few of these would sort out this company for sure

[clocktower] 17/3/2016 12:16

If only they had stock of this quality:

[davidosh] 17/3/2016 10:55

Mentioned on the radio...

[buywell3] 17/3/2016 09:17

The BOD have dropped the ball here

[gbh2] 17/3/2016 08:15

I've always liked this as a collector but since it went public the share price suggests it's run by fellow collectors rather than people that know how to run a business.

I'm tempted to by shares at this price but I'll stay out until I see a significant change in the management of the operation!

[tsmith2] 17/3/2016 08:03

Should be able to buy these (if you want to) near placing offer.

[castleford tiger] 16/3/2016 18:22

clocktower..........you could be right. this is not one I understand inside out.

I saw some of numbers and wow they are bad.

Furthermore to cash out 75% of the company at 10p shows that the BOD are no longer in control.

They have not raised enough cash as debt will be 4 mill or so higher than expected. Just 6.3 to play with.

No you may be right.

tiger

check out LPA up again today ( I hold)

[clocktower] 16/3/2016 17:40

Tiger I put the odds on failing much higher 80/20. They lost the plot promoting themselves as investment experts, and taking on far more than they can chew. The likes of M.Bralsford were past their sell by date when appointed and I seem to recall that S.Perree was one of the founders of Play.com that had a huge market presence, only to see it almost disappear, being sold at about the time they were to suffer from the loss of market due to tax changes in the Channel Islands. I think if it had been sold earlier he may have sold out for maybe as much as ten times the price it was sold for if my memory serves me correctly. I guess they took him on as an expert. DYOR though, I am only speaking from a vague memory but maybe wrong in respect of him.

[castleford tiger] 16/3/2016 17:17

If it falls to 10p in MY OPINION it will go bust.

The chances of it failing now are in my opinion 50/50.
If they cannot stop cash leaking out they are doomed. 6 months.

Tiger

[islam1] 16/3/2016 15:38

The turning point will come to capitalise on the brands and the valuable stock of stamps and coins.

The consultants will work fast to clear out the incompetent management and non-performing assets, and make the changes pretty quickly, perhaps in 3 months time frame.

Then the picture may be a bit clearer than the mumbo jumbo forward statement put out by the company which has only played into the hands of the brokers.

[mike24] 16/3/2016 14:53

stamps are always going to be a popular investment
SG brand name needs to be re-established,
good chance of a recovery from this level

[fillipe] 16/3/2016 11:34

Blueball, you could well be correct - the downwardness continues apace here.The RSI for SGI hardly exists and all of the bid is in the 15p down to 12p range.
My own sights are set on something in the 10p patch, +/- 1p-2p....otherwise happy to leave it all to other good folk.

Very risky territory here, imo.

f

[blueball] 16/3/2016 10:28

I reckon it could fall sub 10p.

[islam1] 15/3/2016 16:49

To answer the question of whether it would drop below 10p.

The fundraising is done to pay debts with the next year suffering £1m loss plus any others costs of rationalising the business (see interim report - all very garbled but you can pick up the drift). Basically saying more pain before any gain. There is small change in management but staying on till he picks up his cheque from the fundraising.

[clocktower] 15/3/2016 16:41

What tickles you pink is that they try to sell their services as investments as though they are skilled advisor's but lucky for them they are not regulated or they may have claims made against them I guess.

[islam1] 15/3/2016 16:37

Ricky, if PIs had some money they should band together and make a bid. The stamps and coins must be worth a fortune for sure, that is the real worth of the company.

It is quite likely the Consultant will sell assets just to cover his fees and the losses. Thats what they usually do.

[islam1] 15/3/2016 16:33

Reading the interim report and the funding details, it looks pretty dire, when at the same time they quote other auctions houses having record sales. Did they just find that out? lol

Of course this will go lower as 71% of the enlarged capital has been placed at 10p with the investment company who will be looking to dispose of these asap.

Plus a charge of £700k on £13m raised nearly 5.5% arrangement fee. And most of the funds will just go to pay off debts. What a terrible deal.

[rickyvader] 15/3/2016 16:27

I thought that the assets must have a value above 7 to 8 mill . The prop and plant is worth 5 mill then whatever stamps, coins they own. Although they seem to have massively overvalued the coins etc. , they will still have an asset value. Would that cover there debts.I'm tempted to but this company and strip it down. Anyone lend me 7 mill?

[blueball] 15/3/2016 16:26

Best out of it its only going to get worse in the coming year..imo.

[islam1] 15/3/2016 16:18

Bought this thinking it was a solid company, then find the grossly incompetent directors selling the company for 10p and still retaining their jobs. Good thing sold out at a loss last week.

Should these guys not be in prison for fraudulent trading and for shafting all the PI?

Still wondering what sort of assets - properties, stock, debtors they have on their books. Must be worth a lot more than the meagre £7m market value.

To think this was once a mighty British company, and lets not think the directors could not plan ahead. Isnt that what they are paid for?

[battlebus2] 15/3/2016 15:14

LOL mach100, think i bought that penny red for 450k.

[mach100] 15/3/2016 15:09

I kinda knew this company was going south when I sent them an SAE for the annual reports and they tried to auction the stamp on their website.

[clocktower] 15/3/2016 14:49

They might be beyond redemption regardless of having the funds to reduce their debt that could result in the share price going even lower imo.