Stanley Gibbons Share Discussion Threads

[pugugly] 29/12/2017 12:05

The end of the road - (imo) as a listed company - Will either be taken private or liquidated. Anyway this is my interpretation of

"Whilst the Board has received offers of finance from both existing and new investors including an offer of equity conditional on the restructuring of the existing debt, the bank has requested that the Board explore improved financing options in the New Year in light of the administration of Guernsey and the significant reduction in contingent liabilities. As part of these discussions the Board will consider raising further equity or asset sales, however the Board is of the view that whilst alternative finance will be available it is likely to require restructuring of the current indebtedness as part of the solution. "

or to put the Bank's language in plain speak - GET NEW FUNDING OR WE WILL CALL IN THE DEBT AND PUT YOU INTO ADMINISTRATION !!

[jeanesy] 29/12/2017 11:56

falling like a stone. Very sneaky to put it out so late in the trading day just before new year!!

[orange1] 29/12/2017 11:35

It's an 11 am statement and it doesn't make pretty reading. A debt for equity swap very much on the cards. For existing shareholders hard to find many positives. At least the Board are honest and clearly indicating the risks of holding on.

[jeanesy] 29/12/2017 11:11

RNS out! No reaction so far !!!

[orange1] 29/12/2017 08:41

Of it's a 12.35 pm statement, run for the hills!

[jeanesy] 29/12/2017 07:27

No 7am RNS ?!! .. if it arrives at around 8am it is not going to be good is it ?

[superiorshares] 29/12/2017 03:39

itcm1. I totally agree with you on the shareholder wipeout. I don't know a lot about Sotherbys . Its an Auctioneer and sells 500 million dollar paintings :-).. Stanley is retail in the main .. The present debt will be the cruncher !..Nobody was interested in the recent sale attempt and that tells all. I would like Stanley Gibbons to remain independent . why don't we both wait to see, if the share price goes to fractions of a penny ?... and then gamble !. Regards

[jeanesy] 28/12/2017 16:24

moving down sharply late on today. No doubt some nervous investors and those taking profits. Tmw will be interesting !

[ltcm1] 28/12/2017 15:03

No SS I get that there is strong demand at the top end for stamps. Also Baldwins is a good business.

Where I disagree with you is if there was any real profit to be made then Sotherbys or Christies would simply step in and take Stanley Gibbons under their umbrella. Surely baring an MBO it is the logical thing, as costs would be slashed by not having an expensive premises at the Strand.

I would really like to invest here but the chance of a shareholder wipeout is very great. Stanley Gibbons will survive and thrive as a brand but I suspect the shareholders may not. I don't see SGI as a big enough business to have an AIM listing and expensive premises plus a raft of superflous management. Yet under Sotherbys they would do well.

[jeanesy] 28/12/2017 10:14

D-Day tmw . Set your clocks for the 7am RNS. Not invested here atmo, not willing to take the gamble. I will see what tmw brings !!

[sikhthetech] 27/12/2017 17:56

thanks Jas

[jasdan] 27/12/2017 17:07

Interims due on 29th - according to SG and my stockbroker.

[sikhthetech] 27/12/2017 16:57

nice end to the day...
Last year, the interims were on 30th Dec....
Are we expecting interims this week?

[superiorshares] 25/12/2017 19:39

massive discount on all the stamps on sgi.. most need to raise cash fast.

[superiorshares] 25/12/2017 11:25

Itcm1 :-).. you have a dim view of stamps , do you have any knowledge of their prices and price rises over the decades ? are you sat in your bedroom at your mums house on your play station ? :-) Explain yourself better, how you have a view that their is a profit ceiling etc

[knowledgeablestampman] 20/12/2017 15:19

Or even Buckingham Palace?😇

[ltcm1] 20/12/2017 13:11

I don't easily see how SGI can make enough profit to repay all this debt under the current setup. Perhaps they will have to take radical action and exit the Strand.

I was thinking Stanley Gibbons could move premises and re-open as a museum. Maybe relocate to a stately home say.

[superiorshares] 19/12/2017 18:05

Jasdan ..you would of had some funds if you hadn't piled in at the higher prices :-). Read the Rns... sgi see no reason for the share price rise !

[the big fella] 18/12/2017 19:15

Debt for equity swap most likely with shareholders wiped out.

[jasdan] 18/12/2017 17:37

Looking at the graph over the last month or two, we appear to be heading back to the 7p - 8p level which suggests the current price is a bargain.

Just wish I had some available funds to top up with as the correction in the share price is pretty obvious.

Could easily be trading in double figures after next week's announcement if there are no further horror stories to advise us of. I think we are becoming a bit hardened to this but nevertheless, it is surely about time things started improving for shareholders, and with the liabilities out of the way at last, and debt presumably falling, the accounts must be looking more favourable?

[jasdan] 18/12/2017 17:31

I agree Jim - was in fact thinking what an over-reaction this was by them.

Each time they have a scheduled announcement the price seems to rally beforehand for a few days, I cannot see anything different about today or the announcement due on 29th.

I wonder if they are actually a lot closer to signing off on a new banking deal than is being disclosed? If you look closer at the announcement it is all about the banking facility, you would expect, as talks and discussions are 'constructive' for it to be arranged / renewed / a new one set up around now; as no-one waits until the last minute.

I am told by various actuaries / accountants that these things are normally agreed six - four months before they are due to expire, which could then be now.

I guess it will all come out in the wash in due course.

[jim digriz] 18/12/2017 17:02

Interesting the company decided to put out an RNS about there being no reason for the share price movement. The move down and this move up are on small volumes (£65k of trades today) and could be due to just a few investors having sold or bought. The share price has not for some time really reflected what someone would need to pay if they wanted to buy several percent (or all...) of the company.

[sikhthetech] 17/12/2017 20:41

Nice trades on Fri and a decent markup... A decent TU showing SGI have turned the corner should boost the share price further... The support of the banks is crucial at the moment......