Stanley Gibbons Share Discussion Threads

[shreddinggreen] 30/1/2022 21:52

Most people interested in assessing or investing in a company should be capable of deducting 51,051 from 80,000 and making it 28,949.

Since 30th November, on random days I have listed the date, number of collectors and number of fractions available. That gives me all the information that I need. In the last five days 27 fractions have been sold to 6 different collectors.

During the course of 2022, I anticipate that the sale of fractions will be successful bearing in mind that this is the month after Christmas and the month before
London International Stamp Exhibition 2022 and the next 1 cent magenta display at
399, Strand.

[creme de menthe] 29/1/2022 18:33

I see Showpiece have removed the numbers remaining and changed it to a percentage in order to obscure the actual number sold per day. Ah well, whether it was a good idea or just a bizarre ploy will be evident from the next set of figures in 6 months time. The current and continuing decline in the share price shows no sign of a recovery this quarter.

[jasdan] 26/1/2022 08:35

Also shows the level of demand they’re facing

[jasdan] 25/1/2022 22:44

Same position as a lot of companies from what I can see.

[philmiboots] 25/1/2022 22:23

Now does anyone want to comment on the fact SGI is not delivering customers orders from the publications and accessories department.
That in the circumstances is an intriguing
Concern.

Ex SG website....

COVID-19 Update

Due to unprecedented levels of warehouse staff shortages, due to illness, we regret to say that publication and accessory orders are facing delays in being dispatched. We do apologise and are doing all we can to have our fulfilment of orders resumed as soon as possible.

[superiorshares] 24/1/2022 00:12

ShreddingGreen
I agree with you . Purchasing the 1c was a
Fine piece of .....not management though , a hedge fund style gamble . Phoenix owns this stamp not SGI . Phoenix also owns a lot of the high end stock . If you remember they purchased it off the recievers...Jersey Gate affair.
Should Sgi go bust ? .. all of these items will remain with Phoenix. Sgi is only trying to sell it all for Phoenix, they just get commission.
Now does anyone want to comment on the fact SGI is not delivering customers orders from the publications and accessories department.
That in the circumstances is an intriguing
Concern .

[shreddinggreen] 23/1/2022 23:26

Fraction sales have only been 70 in the first 23 days of January. To me, that is understandable in the month after Christmas. February sees the London International Stamp Exhibition 2022 and the British Guiana 1 cent magenta going on display at 399, Strand again. I would expect those two factors to give a considerable boost to fraction sales.

That the purchase of the rarest stamp in the world was financed with a five years loan indicates to me that in the early stages, interest in the stamp and the publicity for Stanley Gibbons overall and the steady sales of fractions have been acceptable. I consider the purchase of the 1 cent magenta to be a very fine piece of management.

It is only the negative punters on here who suggest the fractions should have sold out like Glastonbury tickets for the purchase of the stamp to have been considered a success.

My main concern currently with Stanley Gibbons is the financial impact and outcomes of the Guernsey court case and the American filing for bankruptcy. Once those two are out of the way, the company can move forward without financial results being docked by the past.

[shreddinggreen] 23/1/2022 23:26

Fraction sales have only been 70 in the first 23 days of January. To me, that is understandable in the month after Christmas. February sees the London International Stamp Exhibition 2022 and the British Guiana 1 cent magenta going on display at 399, Strand again. I would expect those two factors to give a considerable boost to fraction sales.

That the purchase of the rarest stamp in the world was financed with a five years loan indicates to me that in the early stages, interest in the stamp and the publicity for Stanley Gibbons overall and the steady sales of fractions have been acceptable. I consider the purchase of the 1 cent magenta to be a very fine piece of management.

It is only the negative punters on here who suggest the fractions should have sold out like Glastonbury tickets for the purchase of the stamp to have been considered a success.

My main concern currently with Stanley Gibbons is the financial impact and outcomes of the Guernsey court case and the American filing for bankruptcy. Once those two are out of the way, the company can move forward without financial results being docked by the past.

[magpie52] 23/1/2022 20:09

sikhthetech

Yes, and clearly no one was prepared to pay what they wanted. But my view is that their expectations were as unrealistic as expecting 80,000 people to want to buy fractions of the 1c British Guyana. In both cases, it demonstrates a complete lack of understanding of your market place. But for Sotheby's, I wonder why they thought that the value of their item had increased by about 170 times in the period since 2013 - that's dreaming !!

[sikhthetech] 23/1/2022 18:59

Magpie,
All auctioneers come up with a valuation. In the end what anything is worth comes down to what people are prepared to pay for it.

It IS the first stamp in the world, so IS unique.

[superiorshares] 23/1/2022 18:39

Draw the Curtains please

[magpie52] 23/1/2022 17:39

sikhthetech, I wonder what planet Sotheby's were on when they quoted a price of £4M - £6M for the Wallace Document, in December. Not surprising that it didn't sell. It may be the earliest penny black, but it's not a unique item as is the 1c BG. And it sold in 2013 for Euro 25,000, so they had a price to go by. Inflation in the stamp market is nothing like they seem to think....

[magpie52] 23/1/2022 17:39

sikhthetech, I wonder what planet Sotheby's were on when they quoted a price of £4M - £6M for the Wallace Document, in December. Not surprising that it didn't sell. It may be the earliest penny black, but it's not a unique item as is the 1c BG. And it sold in 2013 for Euro 25,000, so they had a price to go by. Inflation in the stamp market is nothing like they seem to think....

[bobex] 23/1/2022 17:14

Yeah, I agree. But who knows how the directors see it. I didn’t buy any either simply because I wasn’t comfortable with that extra funds to spend on it; not because I was afraid I would loose money. And I’d bought some shares in SG. As to the link, well, maybe another auction will be luckier for that stamp.

[sikhthetech] 23/1/2022 16:32

They should have had a marketplace in place before promoting any rare stamps. That put me off from buying into the 1c BG stamp.
I had thought of buying a piece to add it to my collection but I'd prefer to pay extra as long as it is tradeable.

I noticed the oldest 1d black didn't sell last month. Maybe SG were considering buying that as well and that together with the lower price achieved for 1c BG suggests rarer investment stamps are achieving lower prices than some hope. That could change though as the economic environment changes

SG have a solid brand but Phoenix are calling the shots. Getting rid of the debt must be no1 priority. SG needs to up it's game and the 1c BG is 1 way to do it but they seem to be making a meal of it.

[bobex] 23/1/2022 16:07

As long as it is taking, they say the marketplace will start before JUNE. As we are now towards the end of January I’d call it sooner rather than later.

[superiorshares] 23/1/2022 11:06

JASDANA ... for those that have just come across this Woke , Kneeler . Delusional is an understatement 😀.In approximately 4 years we have both been on this thread . The Luv has never got one thing right ! 😀

With regard to all on the showpiece banter. It's interesting on their website they can't fulfill their publications and accessories orders . According to them its because of staff covid abscense... ????..... is this Curtains

[ternian] 22/1/2022 03:35

They stopped advertising it because it is a big, massive flop. I doubt that Showpiece will continue. With no platform until mid-late this year and no ability for people to sell, it is just a $10K loss. SG can't even pay for the stamp and Phoenix is sitting with a big loss that's gonna get bigger over the next 10-20years SG want to hold onto this stamp.

[bobex] 21/1/2022 18:22

No idea. But some of these things might considerably appreciate in value before too long…

[jasdan] 21/1/2022 18:08

I’d also like to know what is going to be the next item to be sold via Showpiece

[jasdan] 21/1/2022 18:07

I want to know why Showpiece has stopped advertising the 1c fractions. I agree, it does seem like they have no intention of selling all of them.
Presumably there’s a bigger plan afoot, but what is it?

[bobex] 21/1/2022 17:33

I'm a little intrigued by how long it actually takes them to set up the Showpiece trading platform. I wonder if it is technically justified. You'd think they don't really care how many units they sell… .

[knowledgeablestampman] 20/1/2022 23:11

Jasdan, delusional?

[jasdan] 20/1/2022 22:47

Retriever, why don’t you try explaining why the boss expects S.G. to be trading in the black later on this year?

[retriever1] 20/1/2022 22:25

Jasdan,
Can you please explain to me how the debt will fall while SGI is losing £3m per annum and needs to increase turner by 60% just to break even? They can try and reduce stock levels to help cash flow but that will not in itself generate a profit. You are deluded it you think that this can be turned around any time soon. Just ask Phoenix. They have, so far, invested £squillions and the losses remain just the same. As they say on Dragons Den 'I won't be investing and I'm out'.