Stanley Gibbons Share Discussion Threads

[creme de menthe] 18/10/2020 06:40

A bland and anodyne company with no originality in a declining stamp market. Now the only stamp shop on the Strand or rather shop front. Its new appearance like a lawyers office, several receptionists and no customers....
SG will limp on for many years....there is a good market for rare stamps, but without a money maker like the 1981 Royal Wedding, GB Celebration Collections or a strategy to stitch up investors, company profits will be as dry as a bone.

[superiorshares] 17/8/2020 07:52

Courthouse77

Perhaps you should take a look at jasdan posts . Look at everyone written
for at least 3 years . You are going to find this person has never been correct :-)

[jasdan] 14/8/2020 16:52

I can't see this share staying so low as trading improves and they become profitable again. It will fast become a takeover target and a prime brand for a foreign investor to take over.

It will join the ranks of many other luxury brands that are then owned by foreign companies. Let's hope the price rises significantly beforehand.

Am well impressed with the new look 399 Strand premises.

[jasdan] 12/8/2020 08:48

More realistic valuation:
Stamps operations: £30m
Baldwins: £25m
Catalogues / publishing: £20m
Auctions: £20m

Exactly - miles apart from the current market capitalisation which still values SG as if it’s imminently going bust.

It’s time the market caught up with this one......

[jasdan] 12/8/2020 08:43

Just visit 399 Strand - massive improvement in the store which must translate in due course to increased sales and interest in SG from the investing community.
Once a few analysts go round I expect the shares to be materially upgraded.
There’s no normal way a company with such a great premises, name and trading history, width of operations can be worth just £11m!!??

[courthouse77] 10/8/2020 22:04

Many thanks. That's encouraging. Ralph

[jasdan] 10/8/2020 21:49

All depends on majority holder and banker to SG: Phoenix. They have already stated that they are in this for the long term and they currently own 58% of the shares. Why should they ruin their investment by letting SG default?

More basically the company now has enough funding in place until the end of the financial year whereas previously it had warned it would run out of funds by July 2020 so it looks like trading is stabilised and losses have been heavily cut. Who knows.....by March 2021 at this rate they are likely to be trading in the black again if turnover keeps rising and costs stay controlled.
There’s a good management in place here that are worth supporting but change is not achieved overnight. There were substantial legacy issues that they were dealing with until recently as well.
Looks to me especially now 399 is renovated that the ship is turning!

[courthouse77] 10/8/2020 21:14

The key statement for me is at the bottom of page 79:

" The Group's forecast performance is likely to see it breach its loan covenants when tested in March 2021"

Any comments appreciated. Ralph

[superiorshares] 09/8/2020 10:53

Jasdan. You may be right there with a little bit of luck.

The Bust scenario is still Lurking mind !.. but if it doesn't go bust ??. I think allowing for the spread and liquidity, 8p is do-able.

Regards all

[jasdan] 04/8/2020 21:25

In ten years this should be well into double figures - I’d guess 15p to 20p level.

[superiorshares] 04/8/2020 18:50

:-)..I am going to buy in . Will be at a lower price I think. My 10 year target will be 8p

[jasdan] 02/8/2020 20:34

Sikh, nice to see how they are repositioning the business and now focusing on areas that everyone is collecting. For example I’m told the Uttama auction last week was successful and more Indian sales are planned.

With so many stuck at home I can see even more collecting stamps and turnover rising a lot higher

[sikhthetech] 02/8/2020 19:39

The results were largely as predicted..
I expected collectors, new and previous, to take up philately during lockdown..
something they have confirmed.. 67% increase in online sales..


"online sales have grown by 67% and now represent around 30% of total sales. With more time on their hands, we have seen many clients spending more time & money on their collecting interests while at the same time new customers are testing the waters. "



It was good they managed to refurbish 399 during the lockdown, at least made use of the forced closure...

Majority of the increase in revenues seems to be from selling old stock at sale prices..

They say they have set the foundation.. Maybe this year will see the turnaround...

[superiorshares] 30/7/2020 20:32

Hahaha. Still the same Jasdan. No I can see them going back down to the 1 and a bit p level. The global stock markets are going to go a lot lower.
You haven't got a hope in hell of a dividend for years to come.
2 million away from an operating profit..does that mean they made a 2 million loss ? :-)
Results were better than I expected ie they didn't suspend the shares . But that's about it.
Let's meet up in this shop one day. I think it would be interesting meeting up.
Regards

[jasdan] 30/7/2020 18:12

Once they show a few analysts around the refurbished premises at 399 Strand, I think the shares will march forwards fairly smartly

[jasdan] 30/7/2020 18:10

They are only £2m away from operating at a profit again, once things start improving again I can even see them starting up dividend payments again eventually.

Once they do there’s no way the shares will be even close to this level

Frankly I cannot really see them going lower now - this is the bottom of their trading and they appear to be holding their own

[superiorshares] 30/7/2020 17:47

Yes I partly agree for once :-)..The main thing I think, was the shares were not suspended. They have a years grace to get things sorted. They did say the remaining
2 million will get them through the next 12 months .
I am not buying yet though . I still think the overall market will make new Lows near to mid term,
Regards

[jasdan] 30/7/2020 17:25

Looks to me like things have stabilised now.

Main growth is from stamps, they seem to have taken their foot off the coins side.

I guess the coronavirus combined with the new office renovations completely tied them up.

Actually given such issues, and the lack of Stampex etc, it is good that things held up so well.

The results could easily have been a lot worse. Main thing is that internet purchases are growing fast and many new collectors are coming forward. That alone should be good for the hobby.

[superiorshares] 30/7/2020 17:09

Jasdan .

You have another 12 months to wait now .

[superiorshares] 30/7/2020 07:59

Jasdan - Results !
I will have a look when I have had my coffee and toast :-)

[jasdan] 29/7/2020 11:47

Last day to bid in the auctions!

Hoping to get some excellent Indian states stamps shortly.

[jasdan] 26/7/2020 21:24

Is anyone making any bids on either of Stanley Gibbons two auctions coming up this week?

Some excellent material in the Uttama sale of Indian States.

[superiorshares] 14/7/2020 20:19

Oogh Jasdan a 7 per cent drop on very little turnover. Is that share suspension imminent ?