Stanley Gibbons Share Discussion Threads

[clocktower] 16/9/2021 08:13

Well this news is really Shi* , it’s now going to be the wire I regret to say.

[creme de menthe] 12/9/2021 19:42

The Indian stamps in auction may be colouring your judgement Jasdan. The annual report on auction sales shows "our auction business where turnover of £0.7m was 52% down".

To me this is not a thriving auction business and I certainly would not describe the auctions as "fantastic" although I accept they might be interesting to a dealer of Indian stamps.

As to the previous post on the 'shares' of the BG stamp, why on earth would anyone want to throw £800 on one share of something they cannot control, nor sell. I cannot see SG selling ten thousand shares and if there is some sort of second hand market for 'shares' they are likely to be valued at next to nothing, much like First Day Covers.

[jasdan] 10/9/2021 06:19

Superior, you have to admit that they are holding some fantastic auctions lately. The one on 28th looks fascinating.

AGM is on 22nd September - who’s going?

[superiorshares] 09/9/2021 01:04

I have had my e mail about the one cent . £800 quid . I won't be buying . They talk of an initial offering of portions . Doesn't mention how I can sell if I wish ( or can ? ) .. Think it's all a bit fanciful to be honest , I don't think they will sell that amount at £800 quid in a million years . I did buy a stamp off them the other day though ..

[jasdan] 07/9/2021 23:14

Well a number of buyers are coming forward increasingly each day at the moment

[arthur_lame_stocks] 07/9/2021 22:25

I agree, I think the equity is worthless here.

[creme de menthe] 07/9/2021 00:10

can't see a wall of buyers yet for this pile of potty contents. Nobody commenting on the results, so to summarize, continuing losses, reduced turnover, zero net asset value, supported by Phoenix who are covering SGI's increasing debt, a dying hobby with unfavourable collector demographic.
And frankly I can't see many collectors buying into this BG stamp. Really just hype.

[jasdan] 02/9/2021 16:26

Just imagine - they could issue an NFT for the stamp and then issue a second NFT for Xmas for the stamp in a different colour. In fact, all sorts of variations could be brought out in due course, especially if the issue is oversubscribed.

This could be an enormous revenue earner in due course, so it is a bit odd that there are so few buyers today and no change in the price. The two early trades for 175,000 shares were in fact buys.

You would have thought some of the more canny market crypto watchers would have taken a position on this share with such news on the horizon. Furthermore, if is already being reported in The Times, it must be near fruition.

Let's have an RNS!

[clocktower] 02/9/2021 16:00

Thanks for the link deniro33

I wonder why they have not set the price at a higher level, as the interest seems to suggest that their is a huge amount of interest and will undoubtedly prove to be a great investment but not as great as holding shares in SGI imo.

This is just the start of bigger and better things to come.

[deniro33] 02/9/2021 10:05

Sorry clocktower for not being precise in my posting. That’s in the article. hxxps://www.thetimes.co.uk/article/collectors-offered-stake-in-6m-one-cent-magenta-stamp-fctk9fz6z

[jasdan] 02/9/2021 09:26

Time to buy in before a wall of buyers come in. It's beginning to look pretty obvious.

[clocktower] 02/9/2021 08:40

Deniro33 on what price a share are you basing your gross profit upon?

Or are you saying that if shares are issued at £800. there will be less shares than if issued at £32.?

Either way it was a master stroke buying it imo - I wonder who's idea it was.

[jasdan] 01/9/2021 22:35

Looks like a wall of buyers will be buying this stock if they pull this off. There’s no way the price will stay this low.

And they can then issue a further NFT afterwards meaning there could be a double bubble or even a triple bubble in due course.

Turnaround is clearly happening at a rate of knots at 399 Strand - when will the shares catch up?

[knowledgeablestampman] 01/9/2021 20:26

SG paid 5% import duty on top of the purchase price.

[deniro33] 01/9/2021 19:56

… If all the shares were sold it would in theory give the company a gross profit of £1.9 million … As they say the interest is huge then it’s only a matter of time to complete it all successfully. In theory the company can be in profit next year… All looking better.

[deniro33] 01/9/2021 18:21

No, Jasdan, I’m obviously having in mind something more share price sensitive. Just found out in The Times, August 31: Collectors offered stake in £6m One Cent Magenta stamp. An extract: The company paid $8.3 million (£6.1 million) for the One Cent Magenta at Sotheby’s in New York in June and is asking the thousands of people who registered an interest in it for their opinion on a share price, ranging from £32 each to £800. Also got an email which I don’t check every day…

[jasdan] 01/9/2021 17:16

Incidentally, conventionally the half year update is issued in late October, not November.

[jasdan] 01/9/2021 17:05

If you’re referring to Anthony Gee, we’ve already been discussing this earlier

[deniro33] 01/9/2021 16:22

Actually some news is out… ! But you need to google it

[deniro33] 01/9/2021 16:04

This recovery if it is a recovery is taking every single piece of time. I think the half-year update will be in November… and probably toward the end of the month. I’d like to see some update relating to the 1c.Stamp offer scheme ….

[jasdan] 01/9/2021 13:47

I must admit the more I look at the August update the more it dawns on me that SG is really putting all the bad news out at once, in preparation hopefully for a complete turnaround statement in October.

By then, the 2022 Commonwealth catalogue will be on sale, revenue should be coming from this, shows, exhibitions, auctions etc PLUS by then there should be some sort of update on the NFT / crypto position.

It all looks potentially very exciting. There is even the possibility that by then they will have sorted out the legacy property issues! These have been basically completely written down in the recent update, so it is now a case of closing the book on them.

[jasdan] 01/9/2021 09:31

Agree - it could certainly be positive to bring in further financially minded folk at the top of SG. Clearly the new CFO will be an experienced financial expert, he will add to the financial clout at the top of SG which presumably also includes Phoenix.

I imagine over time SG is going to develop as a test bed for Phoenix's NFT / crypto ideas, especially in the NFT field.

This is all very new and exciting technology, so I am hoping whoever new comes in will have some crypto experience to add to things. Given that SG's field includes both stamps and coins, there is an immense area for SG to exploit.

[clocktower] 01/9/2021 09:09

Todays RNS is another positive and it goes to show what a harmonious operation that jointly runs the business.

How pleasing to see Mr Gee continue in a roll within the group.

Clearly all felt there was a need to bring a fresh face in at a time when the new version of part shares in the worlds most valuable stamp goes on sale.

This must be the most exciting period for SGI.

Did anyone read this story about the boys success?



Could the stamp be the best investment ever?

[jasdan] 28/8/2021 16:27

According to yesterday’s Evening Standard London is recovering fast and the tube is reportedly seeing volumes around 60% of pre pandemic levels as folk return both to London, sightseeing and for work.

Which means footfall at 399 Strand must be increasing.