Stanley Gibbons Share Discussion Threads

[2magpies] 01/4/2016 15:12

Those who got them at 10p are now sitting on a 60% paper profit.

If bought today [at 'catalogue price' (Haha!)] how long would one have to wait to make that sort of a profit on a Penny Black?

Simply due to demographic facts, the vast majority of collections today would have to be sold at a loss, if offered for sale today. Hundreds of specimens would have no takers at all, and would be lumped together, and sold on the back of a handful of eye-catching 'rarities'. One has to feel for the collectors who spent years, decades, lovingly building collections.

Chart looks to be at very iteresting juncture at the moment. The share price could slip or it could start recovering, and imo, is unlikely to hang around here.

I doubt it will reach 10p (but I'm not sure one can count that out!). The closer it gets to 10p, however, the paper-profit lot are going to be tempted, methinks. Self-feeding.



All IMO.

[gbh2] 01/4/2016 14:35

You can bet the first thing they do (now they have some cash) is work out the senior management's pay, expense and bonus increases for the coming year !

[islam1] 01/4/2016 14:07

In my opinion the last change of management has resulted in the company losing its way, and then to fix the problem they stumbled into the wide open mouth of the sharks who made sure they picked up the shares at 10p, a fraction of the price just a few months ago. After payment exorbitant arrangement fees and pricing the issue at 10p all they have done is bought some more time, but at the expense of the existing shareholders who have seen their investment decimated. In any case, most of the funds raise are to be used to fill in the huge cracks, when in actual fact the company owns stock which if properly marketed would be worth a fortune as they themselves have said when comparing with other auction sites.

Now if the management was sacked and sued for mis-management then there would be a future. In that case, even if the existing shareholders took a hit now due to the issue, the shares would recover pretty swiftly.

At the moment there is no clear indication how they would get out of the mess they have created.

[islam1] 01/4/2016 13:25

only the brokers and the BOD benefit from this, all £13m has been accounted for, ie spent!

[par555] 31/3/2016 18:55

There is a difference between people wanting shares in an Open Offer before the issue of the shares in the expectation of making a profit by selling them post issue and wanting them after the issue when a quick profit is not so likely and they have to be held for the long term. Accordingly I would not draw any positive conclusions from the over subscription.

[gbh2] 31/3/2016 17:47

I'd settle for the price not moving either way too soon :))

[11_percent] 31/3/2016 17:25

-- Applications received for 83,039,838 Open Offer Shares, representing a take-up rate of 220.3 per cent. Applications under the Excess Entitlements Facility will therefore be scaled down and all conditionally placed shares will be allocated to applicants under the Open Offer.

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220.3%, says it all.

With most Shares, the share price will go below the placing price, not in this case.

[11_percent] 31/3/2016 17:20

-- Proceeds will ensure that the Company has sufficient funds in order to repay debt, to support its rationalisation programme, to complete the integration of previous acquisitions and to provide the additional working capital necessary to allow the Company the financial flexibility to trade efficiently.
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LOL.

[11_percent] 31/3/2016 17:15

Is the BOD the one to spend the £13 Millions raised ?

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Are you having a laugh, lol.

[gbh2] 31/3/2016 16:52

I've yet to see any indication of control re the new shares!

As I bought in too late for the qualification date, I'll wait to see if there's a sell off before adding to my holding, current ave fraction above 18p atm.

[waldof] 31/3/2016 16:00

A lot of those 'red' sales are buys.
Fact.

so if one assumes the 'blue' buys are buys not sales, and surely that must be the case, there are a whole lot more buys than sales...and of some magnitude.
someone is buying a very great deal indeed.

[pugugly] 31/3/2016 11:58

I suspect part of the problem may relate to anti bribery legislation round the world and CRS and FACTA reducing the opportunity for small easily portable high value prestige back-handers - Thus reducing potential purchasers of SGI offering?

If I am right this may well signal a permanent reduction of possibly an important sector of their users.


Thoughts - or am I too much of a cynic?

[waldof] 31/3/2016 11:09

You are probably correct but these people look much further ahead than PI's.
Then there is Japanese - SGI is a trophy brand etc.

I mean i Jap noodle company interested in Mr Kipling and Bistro.
They like the SCOTCH brands etc.

Not cheap, but they look far ahead, have deep pockets...and to put it bluntly are snobs - and proud of it.

[graham1ty] 31/3/2016 10:42

Waldorf, at this price SGI is not cheap. There are now 178m shares in issue, which makes the market cap at 16p to be £28m.

Re the Chinese, they were meant to be massive buyers, more stamps clubs that anywhere else in the world, biggest market for Penny Blacks in the world, etc......

But, they have been bad payers, have caused SGI bad debts, and in fact SGI revenue from their Hong Kong office was only £2.5m, and Singapore £3.1m ( down almost 50%). And that was last year, presumably much lower now. China has not been the boom stamp market that SGI hoped and maybe the chance of some Chinese group bidding for SGI has been overstated ?

[islam1] 31/3/2016 09:20

A proper stitch-up for sure

[waldof] 31/3/2016 09:02

But the buying at these levels do not add up.
I am tempted to think sommerts going on!

[buba] 31/3/2016 08:29

gbh2,thanks for the link

[gbh2] 30/3/2016 15:13

Company director greed in this country is at a all time high so can you see them holding on to shares that they can make 50 to 100% profit on.

Question is, have they been selling already knowing that they've already qualified for the new shares?

[tsmith2] 30/3/2016 14:44

Yes...zero cred

[elmfield] 30/3/2016 13:44

Only thing is; should they sell this will be below 10p in quick time.