Stanley Gibbons Share Discussion Threads

[gbh2] 31/5/2016 07:10

I'm till hoping for upside once the quick buck profit takers are done.

[brando69] 30/5/2016 23:29

my stamp collection will soon be worth more than this pile of crud

[value king] 30/5/2016 14:11

I bought these a month or so ago but I am now wondering if I did the right thing.

[gbh2] 30/5/2016 12:47

mooncheese - These incestuous relationships are quite common throughout the whole of the business sector!

At Director level it's all about Snouts in troughs, imo all one can do is hope to get a bit of the cream they generate for themselves.

[cjohn] 30/5/2016 11:24

20m debt. No! After the share issue and accounting for a 1-2m trading loss this year and the recent two property transactions, we might expect debt to be around 8-10m.

[paul the octopus] 27/5/2016 12:09

looks like he sold as he had enough, still £20m debt right?would they be selling stamps warrants or options?

[gbh2] 27/5/2016 11:27

Been working for me for the last 19 years :)

[hugepants] 27/5/2016 10:47

that's certainly one way of looking at it!

[gbh2] 27/5/2016 10:39

Agree with your comment HP.

However I'll add that it's totally related to a section 104 shareholding which we know exists only for tax purposes!

On any real day, if I spend 10K on shares and sell them for 15K I make real money of 5K and though the trade affects the state of my total holding (for tax purposes) I still have 5K more than I had yesterday, in my hand.

[hugepants] 27/5/2016 10:23

The idea that shareholders selling their 10p shares for 14p are making a profit is cobblers. All the shares are pooled for capital gains purposes and anyone selling at 14p is almost certainly realising a huge capital loss.

By my calcs net working capital (accounting for ALL liabilities) is about 25p per share now after the property deal. Company trading at around break-even now? Maybe. Big safety net there if they have to write-down the value of the inventory. Presumably there will also be at least some value in the intangibles.

[clocktower] 27/5/2016 08:00

The BBC link:

[clocktower] 27/5/2016 07:54

The fall is all down to bad management and doing the wrong deals while trying to be investment managers. Now however we have fresh blood in the Chair with knowledge of the stamp market and a good history as regards PLC`s.

[11_percent] 26/5/2016 21:18

If they were for example, raised a good sum of cash from their stocks at a decent profit, that also could trigger a rush on the stock.

-----

Why would they cash in the stock.

What is a gold rush on the stock.

The share price fall has been unbelievable, don't know why.

[11_percent] 26/5/2016 20:48

I think a lot of people do not know about the stamp stoke.

It exists, it bid not go down in value, so it is not going to recover.

It is what it is.

It is about marketing and sales.

[clocktower] 26/5/2016 17:50

If you look at it that way gbh2, that reduces their overall profit if they recover to their break-even point, and it only becomes a profit once that figure has been exceeded. So a breakout could occur at any time imo, catching a few out even I expect. Alternatively, some very positive news from the company could also see the turn. They made a good start with the last RNS.

If they were for example, raised a good sum of cash from their stocks at a decent profit, that also could trigger a rush on the stock.

Just like art you cannot make new old masters and you cannot print more old stamps - hence just another item that over a long term tends to be a good investment, if you hold quality.

[gbh2] 26/5/2016 14:12

Someone suggested that long term holders would see the 10p shares as a lowering of average cost per share?

But imo the large holders will & are looking on the 10p shares as an immediate 50% profit, because they're currently stuck with their original holding which "could" go either way.

Still a long way to go before the profit talkers will be satisfied is my guess.

[clocktower] 25/5/2016 20:01

purple11, If it was it would be like winning the lottery I guess. With the market looking so strong today it is a little disappointing to have seen this reverse its very small gain on the previous days very high volumes.

[11_percent] 24/5/2016 19:14

Ok, it is not about divi, but Capital gain.

Still say 34% is a good wee yield.

[purple11] 24/5/2016 19:05

Off Topic

Opinion: No Opinion
Price: 14.75
RNS: Griffiths < 7%Today 16:45OK, so Griffiths sold 1,792,038, and the big buy was 10,092,038. Five matching digits can't be a coincidence

[clocktower] 24/5/2016 18:09

At least they are being swallowed up now and with luck he is getting down to a level that he is happy to hold for better times, having made a nice profit to date.

[hugepants] 24/5/2016 18:02

Griffy boy has reduced has sold 1.8M shares. Now has 12 million shares (6.7%)

[clocktower] 24/5/2016 16:10

Is that a bit of tree shaking going on? Several big trades today, and not much of an advance so far.

[waldof] 24/5/2016 14:42

I presume that now Henderson have a place on the board they have stopped buying ( they hold over 20% i believe), unless there are rigorous Chinese walls.

My guess is that if there is another large buyer it will be somebody other than Henderson.