Stanley Gibbons Share Discussion Threads

[kael] 27/2/2004 07:48

Got to say anything below £1.00 is cheap as chips!

[jwe] 27/2/2004 07:48

An absolutely excellent set of results!

[kael] 27/2/2004 07:47

almost 2 million is cash alone! plus 37p from PC!

[don carter] 27/2/2004 07:46

nurdin
What would be a reasonable forward pe in this sector? 13? 15? If we said 15, around the FTSE 100 average, then this share price should be double....
don

[kael] 27/2/2004 07:46

What about this divi policy!?

[kael] 27/2/2004 07:44

This is some of the good stuff:


"Direct sales generated through our web sites increased by 25%"

"Our internet sites are currently being redesigned to integrate allworldstamps,
gibbonsstampmonthly and stampcafe as sections of our main site,
stanleygibbons.com. Based on customer feedback, we expect a significant increase
in traffic following the integration as we hinge all activity off our
established brand name. The increased site traffic and visitors to our site will
provide increased opportunities to secure online advertising and affiliate
relationships during 2004."

"We intend to introduce functionality in our online catalogues to record 'stamps
for sale' against each unique stamp listing. This will enable the stamp
collecting community to use our internet site to service their information,
pricing and purchasing needs in one place."

It appears the internett is the way foward fo SGI and they're doing a blooming good job of it!

[nurdin] 27/2/2004 07:41

They beat market eps estimates by 10%.At 3.6p they did 2.41p in H2..thats over 100% over H1!! Carry that into 2004 with the bullish statement I expect full year forecasts will be upgraded to somewhere between 8-10p..with a forward pe of between 8.7 and 7 at current 70p!

[simonevans] 27/2/2004 07:40

Very impressive reading indeed!

[kael] 27/2/2004 07:29

OMG!!!!!!!! fantastic stuff!!! (hehe sorry im late)

[don carter] 27/2/2004 07:29

Wow indeed!
- EPS up 119% excluding deferred taxation!
- Pre-tax 128%! Provide Commerce a 10-bagger!
- Special dividend to come, probably after June when they can sell the PC holding!
- Progressive dividend policy to come!
- Good use of new technologies!
- NAV 37p inc. PC holding!
- Current trading ahead of last year!

Re-rating surely must happen once profit-taking has had its time, although why anyone would see wisdom in selling after reading this lot I do not know.
Don

[nurdin] 27/2/2004 07:27

My header estimate of 37p NAV was bang on though :o)

[nurdin] 27/2/2004 07:22

Seems they have sold a few PRVD shares to be able to pay a special divi as well..that accounts for the reduced NAV of 37p.By my estimate they sold about 40k shares at $20-$21..

[gateside] 27/2/2004 07:16

What an excellent set of results!!!

[nurdin] 27/2/2004 07:15

serious rerating on the cards I reckon!!

[nurdin] 27/2/2004 07:06

Smashing results!!

*Record profit before tax of #1,227,000 (2002: #537,000), up 128%.
*Earnings per share of 3.61p (2002: 1.96p) up 84%, and up 119% excluding
deferred taxation.
*#1,885,000 bank and cash balances at year end.
*Market value of holding in Provide Commerce, Inc. #2,469,000 at 25
February 2004 (book value:#223,000)
*Plans in progress to return surplus cash and proceeds of holding in
Provide Commerce, Inc. through the payment of a special dividend or a share
buyback.

*Sales #8,622,000 (2002: #8,121,000), up 6.2%.
*Sales overseas represented 29% of total sales (2002: 27%)
*Net assets per share 30p (37p including interest in Provide Commerce,
Inc. at year end market value) compared to 26p at 31 December 2002.
*9 million hits per month to Internet sites (2002: 6 million).
*Great Britain stamp price index up 20% over twelve months.
*New Investment Department selling portfolios in stamps, autographs and
coins.

Commenting on current trading, Paul Fraser, Chairman said:

"The strong performance in the last quarter of 2003 has continued into the first
two months of 2004. Current trading is ahead of the same period last year in
both turnover and profitability. I am becoming increasingly excited about the
future of Stanley Gibbons as we enjoy strong philatelic market conditions and a
heightening interest in alternative investments at the same time as beginning to
reap the rewards from the successful implementation of our strategy in building
the number one stamp community in the world."

For further information, contact:

The Stanley Gibbons Group Limited

[gateside] 26/2/2004 22:51

nurdin... Many thanks for highlighting this one ;-)

[cambium] 26/2/2004 22:00

Good luck lads and ladies

[barnetpeter] 26/2/2004 21:54

PRVD Last: 22.35 Change: +1.39 +6.63% Volume: 53,492

A sign of SGI tomorrow?

[kael] 26/2/2004 19:35

Very strong performance over past six months - as long as results are good, the trend is up!

[nurdin] 26/2/2004 19:20

If they do 3.3p that will be a great achievement.. anything over that will be a bonus.Remeber they did 1,19p at half time...so 2.11p in H2 would imply a 77% growth over H1.

[kael] 26/2/2004 18:48

Good Luck everyone for tomorrow!! See you at 7:00am sharp!

Have your calculators ready!

[nurdin] 26/2/2004 15:59

PRVD holding its own..up 2.6% in a decling market.Has come down a bit from peak but seems punters are buying dips.

[nurdin] 26/2/2004 08:51

good start..some heavy buying over the last couple of days...all bodes well for tomoorrow..

[mo123] 26/2/2004 08:43

Will be away tomorrow so I will miss the results. Hope it carries on like this though. Mo.