Stanley Gibbons Share Discussion Threads

[gbh2] 18/7/2016 10:59

Looks like someone building a holding atm, deals going through 100K+ since early.

[waldof] 18/7/2016 10:55

er um perhaps people see some value...bluster it may have been but note the piece..stock items that are the envy the world over.
Now if that is not an utter lie, and I do not think they would say this given their situation - kitchen sinking etc - there is good asset value here.

Seems some agree unless it is all short covering, which I doubt.

[2magpies] 18/7/2016 10:50

Interesting action today.

Either these have been tipped over the weekend, or something else is up (including short covering).

Results haven't yet been announced.

May be some peeps have decided not to wait for those!

[gbh2] 18/7/2016 10:50

Dubious of most moves this company makes CT, but offer me 20p and I'll be happy with this as a short term investment :))

[moneybags] 18/7/2016 10:46

gbh2......

25p , No............Your right. Less than 25p

MoneyGotMuddyAtGlastoBags

[clocktower] 18/7/2016 10:45

Or are they just running this north prior to the figures, and getting a bank wagon going?

[gbh2] 18/7/2016 10:42

My point is it was only long term holders that qualified for the 10p share drop, they have much to lose even with an offer at 25p imo.

[moneybags] 18/7/2016 10:12

gbh2


It would be interesting to see them trying to explaining that to the











SFA

Something 'Interesting' is going on right now.

aye, WatchingWithACunningEye



GBH2................p.s.................The Fund Managers have no choice right now.They are running with it.

[waldof] 18/7/2016 09:59

...and of course Henderson that paid about .16 p for their 33%
Still if its taken out at 25p only long termers shafted.

[gbh2] 18/7/2016 09:55

It would be interesting to see them trying to explaining that to the Fund Managers that recently picked up the rescue shares at 10p.

[moneybags] 18/7/2016 09:16

I fully expect, that after what has 'happened' to the share price, We 'MIGHT' see a management buyout.
How 'COSY' that would be at today's 'levels'..........
MMMMMmmmmmmm...................


As my granny always said.............Best buying something at 10p, rather than 10 pounds.

Regards , MoneyScepticalBags

[clocktower] 15/7/2016 15:33

The write down will be huge and the figures will no-doubt contain everything including the kitchen sink but the important factor will be the amount and value of stock remaining, as it will have been discounted to the point that the new management will be able to show they have turned the business around, having wiped out the value of most stock holders that were unable to pick up and sell most of the stock they paid 10p for.However, like their latest investment pr, there is likely to be long term value for those that are not impatient and take a longer term view, like as they say -"It`s like slow-cooking,or maturing a fine wine"

So expect the share price to take another hit upon release of the figures which I expect will now come sooner rather than latter, as I suspect this RNS was the warm up for the battering that is likely to come. Then one can expect a rapid turnaround once the panic is over imo. Will the figures come early next week?

[2magpies] 15/7/2016 15:21

"...............to retain the support of their customers, both collectors and investors alike, who, in this period of economic uncertainty can be provided with access to tangible assets of lasting value."

They are 'tangible', but not necessarily 'assets'.

And are buyers still being called 'investors'??

And 'lasting value'?? Hmmm.

[2magpies] 15/7/2016 15:02

That's an 'e' not an 'a'!

LOL!!

[2magpies] 15/7/2016 14:58

To me, the fact that despite all this time, no figures have been put out with the RNS suggests that the it isn't good news that they are waiting to reveal.

Top guys have scarpered, in advance.

Philately is dying on its feet.

This is the age of Pokemon Go!

[gbh2] 15/7/2016 14:53

Getting rid of directors could be worth an 500k a year for each one.

I hope the remainder are looking at cutting their salaries in line the share price moves.

[hugepants] 15/7/2016 14:46

I wonder if Duck was given any severance pay?

We're still in the dark as to the magnitude of the NAV write-down. Hopefully its more than in the share price but surely they could at least have given an estimate?

On the bright side they've already cut costs by over £5M and they've identified more so there could be £6M+ reduction in overheads.

[2magpies] 15/7/2016 14:46

Got to feel for those who fell in love with this stock.

Any RNS that is so verbose is a sure sign, to me, of deep trouble. So many words, and yet, not even a ball-park estimate of the £-impact. Staring in disbelief, are they?

And so many people leaving. Have they given up all hope?

To think that they were paying out dividends!!

Are the In my experience the first 're-count' is rarely the worst.

Once everything has been 'totted up', that would be the time to decide if 'horrific' is the right word.

[gbh2] 15/7/2016 14:05

So why still here expressing an interest?

[tsmith2] 15/7/2016 13:09

Zilch management credZilch knowing what balance sheet looks like Zilch earnings visBargepole?

[clocktower] 15/7/2016 12:20

Duff by name duff by nature was the warning sign in the first place - Whats in a name - now we know.

That said, a letter has just been pushed through my letter box from SGI - One the front - "What`s the catch?" - inside they talk about "liquidity, or rather, the relative lack of it."

Clearly the letter is designed to try to get clients to wait for long term gains.

To quote " If, on the other hand, you can cope with the idea of "quiet wealth", potential capital appreciation over time and an unhurried liquidation of your assets"

[hugepants] 15/7/2016 12:03

Donald Duck, the Chief Financial Officer who went today, has been at Gibbons for a while. It's not like he was a new guy. What's he been doing for the last 7 years?



Donal Peter James Duff, BAAF, FCA, AMCT Chief Finance Officer
Date of birth: 11 November 1967. Date of appointment as Director: 6 August 2009

Donal was appointed Chief Operating Officer of The Stanley Gibbons Group plc on 17 March 2009 and became responsible for the Group’s Finance function on 4 November 2011. He is also a Non-Executive Director of Jersey Post International.

[gbh2] 15/7/2016 10:29

I picked up a few more first thing, my main concern is a possible move by those that think they were duped when the flotation took place!

[sikhthetech] 15/7/2016 10:16

I used to have some of these years ago....have been watching for a while...

The issue here has always been that SG sets the retail price (catalogue price)...

The brand is strong..
Change of Bod was needed as well as the focusing on UK ...

I don't hold at the moment but looking to buy in sometime...