Stanley Gibbons Share Discussion Threads

[kael] 27/2/2004 11:14

Blimey you almost gave me a heart attack! ok will see what I can do.

[ukhawk] 27/2/2004 11:12

Kael, GLD now up 4p as we speak........!!!

Sorry, can you re-set the charts on your "old" thread, thx.

[kael] 27/2/2004 11:06

hope you got in ;))

[kael] 27/2/2004 10:59

Looks like we have buyers back at 73(although you can get within spread)- reasonable considering thats only 5% up from yesterday and today we have mega good results.

[cockneyrebel] 27/2/2004 10:41

I'm waiting to catch the dip to add more too nurdin, don't you worry - just beat me to it :-)

CR

[kael] 27/2/2004 10:27

t-traders nurdin, have no fear there will be buyers waiting.

[nurdin] 27/2/2004 10:26

I cant understand people who want to sell after such stunning results and bullish statement...I will bide my time before buying another wadge

[clocktower] 27/2/2004 09:13

Nice result here..well worth the wait, my error was selling part of my holdings and putting them in the likes of MLB & GLD, still this outweights those errors.

Glad you all have and are doing well on this.

[kael] 27/2/2004 08:44

50% is conservative! Remember the assets' value are continually increasing! what was it? around 6% a year? (the stamp 100 thing)

[nurdin] 27/2/2004 08:41

ok I will try to make a conservative estimate.Remember the sales on their internet sites are just beginning to take-off,there should be advertising revenues flowing in as of this year and they are getting bigger number of hits now.So..
-2.6p eps in H2 03.Not unreasonable to assume that they will carry the momentum in H1 04 so expect 20% uplift in H1 to say 3,12p
-second half should see adv revenues coming in and Id add 2p for that.H1 H2 ratio was 118% in 03..lets say the ratio is 50% this time.So 4.68p in H2.
-total of 7.8p without adding anything from the advertising revenues and share buy back
-hence my estimate of 8p minimum.

[cockneyrebel] 27/2/2004 08:26

I don't know about 8p eps but they have done 2.6p eps approx in H2 so the 5.7p estimate for the year ahead looks an easy target.

78p a share - 13p for special div or buyback approx = 65p to buy. around 80% earnings growth on a PE of 11 - very cheap.

CR

[nurdin] 27/2/2004 08:12

Earnings forecasts will be upgraded CR I am sure...8p minimum I am hoping!

[kael] 27/2/2004 08:11

Cheap isnt the word! It isnt often you come across a share so undervalued! Especially in a fledgling bull market!

[cockneyrebel] 27/2/2004 08:09

just got another 10K at the open - wait for the meat-heads to work it out.

You get 13p a share back approx in divi or buyback so the effective share price is around 60p.

5.7p forecat eps - PE around 10 for earnings frowth of 138% gone and around 70% for the year ahead ----- CHEAP

cr

[nurdin] 27/2/2004 08:06

CR..you right...getting too excited here! Brain went into a whirl for a few moment :o)

[kael] 27/2/2004 08:05

Ive got the feeling these are going like hot cakes!

[kael] 27/2/2004 07:58

Well, time will tell, but I am well and truly impressed with these results. Great market and a great share to be in, even through the next bear market!

I will be sure to look at their top 100 stamps ;))

[nurdin] 27/2/2004 07:57

Kael depends on how much of the cash pile they are prepared to release..difficult to estmate..but my guess would be 4-5p buts a pure guess

[don carter] 27/2/2004 07:54

Thanks, Nurdin. I agree SGI is using the internet well by the sounds of it and therefore direct sales growth should continue to be fabulous.

[nurdin] 27/2/2004 07:54

:o) yup Peter!

[kael] 27/2/2004 07:53

anyone feel like estimating the divi payback - nurdin, you were bang on with the NAV, feel free :)

[barnetpeter] 27/2/2004 07:52

Hey Nurdin, we are in ze money. BTW how many other internet growth stocks have such a strong asset backing as this? Very few indeed if any.

[nurdin] 27/2/2004 07:51

Don..remeber they are increasingly becoming an internet based vendor company.Look at ebay and the likes..and the company is growing eps at the rate of knots.£9bn market to address,great brand name etc so a rating even at 20x would be cheap imho

[moneybags] 27/2/2004 07:49

great set of results.

[cockneyrebel] 27/2/2004 07:48

nurdin - selling PVRD shares wouldn't reduce NAV would it? - cash would increase to offset wouldn't it?

CR