Stanley Gibbons Share Discussion Threads

[jwe] 10/3/2004 15:46

I am surprised that we have had such a big fall today although some retracement was to be expected(perhaps we will get a large delayed sell).However it seems to me that this share is still very undervalued,if we assume an eps of 7p for this year(very conservative) and strip out the cash and the holding in PVRD we are left with a pe of about 10 for a company that grew at 128% last year.A pe of 15 is hardly overstretching it and 20 would probably be more appropiate therefore in my view this should rise to atleast 125p inthe near term and possibly more.Any other views welcome.

[smow1] 10/3/2004 15:43

Topping up myself with some of my FSJ profits. To good an oppertunity to miss - down 6.5% on tiny sales volume. MM's having the usual laugh but will hopefully backfire with more buys than sells by end of day.

[kael] 10/3/2004 15:38

Ok well post some questions on here and I'll get a list up to ask him!

mmm..intercast works good on hotcomm - I dont use the java one.

[nurdin] 10/3/2004 15:37

I have already had a long chat with him on the phone...astute guy as I said before.Beside I can never get the damn Intercast to work!!

[kael] 10/3/2004 15:34

Nurdin will you be there for the chat?

Also, do we know when the brokers notes will be coming out.

Also if we assume profits of 2mil next year we are stil on a PE of 10!

[nurdin] 10/3/2004 15:27

wise move daza...some profit taking by the nervous ones...

[daza75] 10/3/2004 15:25

bought back the lot i sold the other day. Holding 50,000 again.

[kael] 10/3/2004 13:00

So what have we got today 88K traded, down a little on light volume with 25K being two sells.

Michael (is that the guys name? O ris it stephen?) Hall apparently will be on intercast within the next few weeks for a chat, so get those questions ready :))

just found out he is going to be here on...

Wednesday 17th March, 11am Michael Hall - CEO of Stanley Gibbons (SGI)

[kael] 09/3/2004 20:35

"probably should be buying blue chips."

LOL, you must be joking!

The stock market is inefficient remember!

[elmfield] 09/3/2004 19:29

like you clocktower think this has been a good enough ride up,
finding it harder to find things to put money into, very unlike the situation twelve months ago. probably should be buying blue chips.

[kael] 09/3/2004 14:55

Frankly this is good - I was saying I would be happier with some kind of consolidation, and Im happy today - it means we wont get those sellers when we hit £1!

[dwnash] 09/3/2004 14:53

More buys than sells according to TDW, and down,
Ok for a correction as nowt goes in straight lines, but not with buys outdoing sells.
Or maybe a buyer lurking ,hence a tree shake...IMHO

[smow1] 09/3/2004 14:52

No chance of me selling any anytime soon. Look like a great growth stock and could be well above these levels in a year or two if stamp collecting really takes off in Asia. Think of all the people in China who will swallow up the world stamp supply once they have Internet access.

NB. I have loads of CGT allowance left due to large losses I am still carrying from Baltimore all those years back. Need a serious amount of gains to clear them - which means that I can trade tax free for another year (or maybe two) before I need to switch to spread betting and ISA's. Disposed of half the loss in the last 12 months. Of course the final Baltimore deal coming soon could see them rocket up in value - NOT. Suspect will just get back around 47p per share.

[cockneyrebel] 09/3/2004 14:48

Wasn't knocking you for taking profits clocktower - never wrong to do that. Just highlighting what I see left in this one.

CR

[clocktower] 09/3/2004 14:26

CR..I agree with you that is why i continue to hold some. Other things look attractive also from my seat. Got it wrong before and will again nodoubt.
Looking forward to this breaking £1 before to long as well. From a % point of view, I am hoping for bigger gains, with luck.

[cockneyrebel] 09/3/2004 14:06

No cashing in for me - used all mine and the wife's CGT allowance for this year already too :-(

I'm happy to hold and am likely to add a few more prior to the AGM in April.

Have a look at the size of the legs up and the shallowness of the dips - a positive sign of more to come imo.

Bad day in the market and some feel copelled to take profits wherever they have them - lots been selling the dross tho and will be looking to buy quality like SGI with the cash as soon as the market looks a bit more positive.

CR

[kael] 09/3/2004 13:38

Well...each to his own.

[clocktower] 09/3/2004 13:37

In my case I am building the cash pile again for something else that should be good very soon, with luck.

[kael] 09/3/2004 13:33

Hardly BP considering the tax benefits AIM brings. Its just cashing in, plain and simple - t traders.

[barnetpeter] 09/3/2004 13:31

Nurdin - some people must have bought these at about 10p. Cashing in before April for tax?

[nurdin] 09/3/2004 13:24

-I hear the strong trading reported for last 4 months has continued into march
-expect them to be bullish at the AGM in April
-SCSW may(and thats only a guess)do a small feature on them next issue
-personally I think they are going beat market expectations hands down this year
-the stamp index has gone up a couple of notches recently
-and there is the prospect of a special divi after sale of PRVD in June.These could hit $30 by then if the broader markets hold.
So my question is why would anyone want to sell at these levels??

[kael] 08/3/2004 18:01

ok, ok I know this link is one and a half years old but I thought it was interesting anyway.

[daza75] 08/3/2004 17:48

Hi all - sold some of myn today aswell to lock in some profit. Still holding 30,000. PRVD doin nicely today over in the States.

[clocktower] 08/3/2004 15:25

Just so you all know..I will be selling a few (only a few) more but will still contiune to hold as well..As you know I was in these very early but still agree with your comments about higher yet.

I have other uses for the cash right or wrong.

I know I said this before but if you trade US stocks look at SAMC.

May you all have my good fortune on this.

I have MLB which is costing me but still sticking with it, so not all up.

[dwnash] 08/3/2004 15:20

Lucky to have been in this from 47p,
can't see any reason to sell yet ,has a lot to go yet....

as an extra edit,
I have been back to purchase more stamps from Ebay, and I note that the prices being paid are pushing up incredibly