Stanley Gibbons Share Discussion Threads

[jasdan] 07/11/2017 17:13

Frankly, the company is not being valued properly by the market, and this is the problem that I have been highlighting in previous threads on here. The current share price frankly indicates the company is going to go bust and would have been an inconceivable share price in 2014. But actually, all it represents is a company that is completely oversold, with no analysts backing it or covering it.

As an AIM stock, once it breached its banking covenants it could not really be covered by any financial institution, and therefore the current share price is just what small investors have chased it down to. Therefore we can get a relatively large % change through very little turnover, and in the event of a positive update on the FSP, the price will probably rapidly recover to 25p - 50p range. That sounds ridiculous now, but then again, a 7p price sounded ridiculous in 2014. Chuck in a few bid rumours, a complete cutting in debt, a halving in the payroll count, and a more liquid company once the FSP is concluded, and you will have a dramatically changing share price.

Believe me, you'll thank me when the price jumps.

[ltcm1] 07/11/2017 15:07

Good luck jasdan. I just don't know how you value SGI anymore.

[ragewarrior] 07/11/2017 15:06

We have movement makes a change...and its up.

[jasdan] 07/11/2017 14:25

I believe we will get the FSP announcement by the end of the week. This will be transformational for the share price.

[sikhthetech] 07/11/2017 12:29

I hope we hear about the FSP soon...
A TU might confirm whether the BoD have a good handle on the business...

All should become clear over the next few weeks, hopefully...

[wantage] 06/11/2017 22:24

For those long suffering holders, how many legacy agreements have to be paid off? Today I was looking at Apax's next stamp auction catalogue.You can buy stamps at 10% of their book value, the book being Stanley gibbons catalogue. How are their stamps valued today and who values them?

[superiorshares] 06/11/2017 18:37

no news is good news . or it could mean the calm before the storm :-).. I will gamble at 3-4p and that's all it will be, a gamble . regards brother.

[jasdan] 06/11/2017 11:41

So it is not at the mercy of public investors like you and me.

Apologies - that should read: So it is at the mercy of public investors like you and me.

[jasdan] 06/11/2017 11:38

Superior, I admire your single mindedness on this stock. I just cannot see you managing to buy at 5p or under. That would infer a mid price under 5p???

Perhaps what you are really pointing out is not that there is no bottom to this stock, but that there is no logic to its pricing. This is certainly true.

If you look back a couple of years, the current price now is not possible, and we have only got to these awful levels because many people have sold out rather than supporting the new management. These are a conservative bunch, and they are on the case. I just wish the company's stockbroker was a bit more supportive - sending what looked like a school leaver to attend the AGM did not give the best impression, and apparently, he made no notes throughout the meeting. No other institutions are actively marketing or supporting this stock due to it breaching its covenants and so not being 'investment grade' any longer. So it is not at the mercy of public investors like you and me. If ten of us decide to sell today, that will spur others to sell, even if there is no especial reason for the first ten. That is the herd mentality for you.

We now critically need a change in momentum via an update on the FSP confirming what we have all been discussing for weeks on here. According to the AGM the FSP update is due shortly, but we have all heard this before. Failing that, the next trading update is due at the end of December, for the first half of 2017's trading.

[superiorshares] 04/11/2017 14:48

Jasdan .. The point your missing out on, is the share price is still going down. whats your entry point ?.. im waiting for under 5p .

[jeanesy] 03/11/2017 11:58

They say never catch a falling knife. Good luck with your investment here but its too risky for me unless some concrete evidence suggests otherwise

[pugugly] 03/11/2017 11:09

jeanesy: IMO 50/50 a big fat ZERO

[jeanesy] 03/11/2017 08:24

Down some more. Investors who went to the AGM were obviously not impressed enough to average down it seems. How low will this go ?

[ragewarrior] 03/11/2017 08:19

Just bought some @ 6.475p, will put them in the draw with my Maltese cancelled Penny Black....

[sikhthetech] 02/11/2017 20:12

mine show up as a sell...

[jeanesy] 02/11/2017 16:53

Plenty of sells this afternoon, although some may have been buys . Spread now a penny and shareprice ended up a tad. Can't fathom what is going on personally !

[ltcm1] 02/11/2017 12:28

I can't help feeling that if SGI was worth anything someone would have bought it by now. Perhaps the reality is the business is only worth the amount of the debt and the share price will converge to this amount.

[jeanesy] 02/11/2017 09:55

mmmh, I too noticed some very large trades early yesterday. I f the tone of the meeting was so [positive then why has there been zero buys since ??. Surely those that went should have been averaging down .. big time.. to try and recoup some losses. I am tempted to buy but the silence since means I amy sit on my hands !!

[brando69] 01/11/2017 18:12

I've got a QV cover with a penny black postmarked Sanquhar, the world's first post office. Anyone philatelists who want to cash in some of their SGI shares may feel free to make me an offer :-)