Stanley Gibbons Share Discussion Threads

[ltcm1] 10/8/2017 10:58

Get out of this one unless you have inside info, the clock has been ticking for too long now and shareholders could well end up with nothing.

[buywell3] 06/8/2017 05:56

Another problem is that they lost a lot of good sales guys

Have these set up yet on their own ?

I think they were planning to

[tsmith2] 04/8/2017 13:05

Margin of safety v v low, used up most of the facility..Not at all tempted, sale by far guaranteed

[sikhthetech] 04/8/2017 12:32

so we're in limbo again regarding the Interiors division... they say there maybe other buyers, so still hopeful but would these have offered less than Millicent?

Looking forward to a closure on the interiors division..

Maybe a placing is the best way to raising cash for working capital? but only if they are confident the rest of the group can continue to work well without a buyout...

[spectoacc] 04/8/2017 08:15

Only given back the muppet-induced spike, & news doesn't seem that bad - tho they sound a little uncertain about accessing the break fee, and as per usual no comment on possibility of bids for rest of group. Trading cash-neutral is good - if they can get rid of the vast weight of debt. :)

[pugugly] 04/8/2017 07:48

SP crash likely today on news ?

[buywell3] 04/8/2017 07:40

So they never had the money to be able to buy it eh

Perhaps the next one in the queue will eh

[qs99] 04/8/2017 07:28

So fee hopefully to cover costs and other bidders and trading at break even DYOR let's see how market takes it

[dins1249] 03/8/2017 16:05

FROM THE BUYS COMING IN, IT WOULD SEEM THAT PEOPLE ARE ALREADY AWARE THAT INTERIORS BUSINESS HAS BEEN SOLD TODAY AND LEAVES A CLEAN SHEET FOR THE COMPANY TO BE TAKEN OVER.

[orange1] 03/8/2017 16:04

This afternoon´s price action and the imminent disposal of the interiors division are entirely coincidental.

Stop coughing at the back!

[pugugly] 02/8/2017 13:15

If the Chinee get involved suspect - if new funding at say 5p Guess - or takeaway at about current share price - OK with the chinese crackers and soy sauce might go as high as 10p. All (imo) but have losr all confidence in current management and claimed stock valuations


- Alternative for an uber urber rich a nice ready made stamp collection and then trickle out the duplicates to reduce your cost.

[sikhthetech] 02/8/2017 10:32

If the article about Chinese Buyers is correct then it would become interesting if Chinese buyers did bid as well as DC...
According to the article, 1/3 of world's stamp collectors are in China and Edi Truell being a philatelist..

I'm still concerned about what will happen if the Interiors division is not sold...
Given possible Chinese interest, I've bought back the ones I sold a few days ago...

[sikhthetech] 01/8/2017 22:14

Chinese buyers eye top stamp dealer

[spectoacc] 01/8/2017 15:28

@sikhthetech - fair point, but summer June/July/Aug? And can't see much happening in holiday month. Trouble is, can't see much happening after either! My guess is a rescue fundraising, done as a placing rather than a RI, bringing in a major new investor but severely diluting current holders. All IMO & only a guess.

[sikhthetech] 01/8/2017 14:17

SpectoAcc,
why worried about little news about any bids for the whole group???

They said in their 'sale' rns that they are looking to sell part or the whole group..
and
They said that they are looking to invite bids during the course of summer 2017...

it's beginning of Aug, why worry?



"investigate the options open to them which, for the avoidance of doubt, could include a sale of some or all of the Group. The Board has appointed finnCap Ltd ("finnCap") to conduct this review.""

"The Group expects to invite proposals to be made during the course of the summer 2017 and will update shareholders on this and other aspects of the strategic review as and when appropriate."

[spectoacc] 01/8/2017 07:37

Extended for a few more days. Would worry me (if I was still a holder) how little news there's been about any bids for the whole group.

[sikhthetech] 31/7/2017 12:19

I'm not sure how the delayed 'interiors asset sale' will affect any takeover bids..
The deadline is today... On Fri, I reduced my holding and will wait until we get some clarity, either way...
If there's no adverse reaction after the deadline, today, I'll look at buying back the ones I sold...

[superiorshares] 28/7/2017 23:04

yes none... before the so called sale , it was in a debt ridden position . regardless if the sale goes through or not , shouldnt make a great deal of difference to the present position ?.. the next hurdle to get over, is preventing some shark buying it for a song ! as goldenshare 888 says, stamp collecting is so last decade or the decade before ?.. in fact its decades and decades before and will be for decades and decades to come its been going since 1863 ?... it will be going for many years to come .what it needs is no, "scam sell off to a mate for a couple of quid " it should continue as it has done for years, prior to this "egomaniacs empire building " hopefully an avid philatelist will provide it with finance should the banks withdraw ?.. it will be a long haul and if it doesn't go bust ?. those in at these levels and lower will be massively rewarded imo .

[sikhthetech] 28/7/2017 15:19

No news on the delayed 'interiors asset sale'...
anyone with views on likely consequences if the sale doesn't go through by 31st July...

[buywell3] 28/7/2017 13:28

There was a time when this was a great company

Goes to show what I have learned by experience is true

A company is only as good as its CEO

Or put another way a bad CEO can ruin a good company

Sometimes it takes a few years though

[goldenshare888] 28/7/2017 13:12

Stamp collecting is so last decade or the decade before, I can't remember really!

LOL

[sikhthetech] 25/7/2017 11:44

moneybags, it's an interesting thought.. although not one for discussing on a BB...

[sikhthetech] 25/7/2017 11:44

moneybags, it's an interesting thought.. although not one for discussing on a BB...

[pugugly] 25/7/2017 09:44

Moneybags - Sorry too old to take U up on your joint bid - IMO business model has been overtaken PLUS very significant anti bribery rules has removed a part of the under counter attractiveness of some of their offerings (maybe I am just a cynic) !!