Stanley Gibbons Share Discussion Threads

[sikhthetech] 20/2/2022 15:57

I think SG made a big mistake by offering partial ownerships without a trading platform. I haven't and wouldn't take up the offer if there isn't a platform.

The value of any asset is what people are prepared to pay.
The problem with SG has always been that they mark their own homework, which is questionable.

They have decided how much the 1c BG stamp is worth based on what they paid and so marking their own homework again. The stamp was sold for less than the seller paid only a few years earlier, so basing it on the price they paid seems wrong to me. I don't anybody knows whether that's a trend or a one off.

SG needs to have a credible trading platform in place soon otherwise they will lose credibility and potentially customers they have gained recently. There's still a high risk of going bust.


I don't see Philately disappearing but moving more to 2 extremes - worldwide thematic and investment grade collecting.

I have never paid full or even close to full catalogue price for anything. I've been collecting for over 40yrs and in that time I have never bought a single stamp from SG.

Saying that they have a brand which is well known by all stamp collectors and now a stamp which collectors desire to own.

[creme de menthe] 19/2/2022 08:50

One thing I can say in defence of SG is they have always survived on their name. Ever since the failed market listing under Feigenbaum in the 1980s SG has always managed to pull themselves out of the mire by trading on their name, selling (or misselling?) Expensive pieces to the very wealthy, or making a fortune pumping Royalty collections. This is a company always looking for an angle. Showpiece is the latest attempt.
I find SGs tactics highly questionable that in order to make money they need to fleece investors or present collectors with items which are very overpriced. The stamp market is shrinking in Europe and America, unless you are a dealer of Indian stamps (Jasdan) or China you will struggle in this climate and this is the demographic headwind facing SG.

[superiorshares] 17/2/2022 21:35

Shredding Green .

Oh dear read the small print Luv .

[superiorshares] 17/2/2022 21:34

Bobex
Jasdan pushes this theory . That anyone on here who thinks this is a dire scenario, is ex disgruntled staff.
Go back on my posts please, about 4 or 5 years. I shorted this at £2.97 . The only reason I did that is because I am a philatelist and I realised that these booming sales that SGI talked about back then , was a load of tosh !.
I will give you a general overview of the Stamp market today .
With a few exceptions, the overall market is stagnant. By that I mean the prices stamps realise.
I buy stamps every week and I can get discount on pretty much anything, and I don't buy dross.
For those like me , that believe there is good long term value in stamps . Buy your very expensive stuff during black Friday. You will get 20/ 30 per cent off Gives you a better chance of selling them on at a profit.
Bobex . Listen to Jasdan at your peril . You are talking too a grade A fool.in that one

[jasdan] 17/2/2022 15:07

Back of the net ShreddingGreen.

[shreddinggreen] 17/2/2022 14:41

I do not see that you have any idea what you are talking about Superiorshares.

The press release upon the purchase of the British Guiana 1 cent magenta was :-

"Stanley Gibbons plc is delighted to announce that its wholly owned subsidiary, Stanley Gibbons Limited has purchased the world's most famous and valuable stamp - the 1856 1c Magenta from British Guiana - the only one in existence.

The unique 1c Magenta was purchased at auction in the USA for a total consideration of US$8.307mn (including buyer's premium and overhead fee) and as a result the world's most valuable stamp will now be owned by the world's longest established rare stamp merchant.

The purchase will be financed through an interest free loan from Phoenix S.G. Ltd (PSG), the Company's majority shareholder."

[jasdan] 17/2/2022 13:39

Bobex, that's exactly what I have been pointing out, admittedly to deaf ears. I think a lot of the detractors on here are ex-staff or disillusioned ex shareholders who were hammered when the shares fell from £3+ to under 20p.

Obviously Phoenix are not in this because they're operating a charity. It is something they are looking to make a return on but as it says in their literature, they have a long term view of things. This was never going to be a quick turnaround situation especially with the Guernsey administration, Mallets, the US administration etc.

Now we are coming out from all this aided by the sale of NFT's as well as a reopening economy and a strong series of auction results, I believe the wind may be at last in SG's direction. Figures to the end of the current year in March will be reported in June so it is a while to wait, but before then we should get news on the new exchange that Showpiece are setting up.
Yesterday saw a big buyer of the shares, I wonder when the next one will emerge?

[twixy] 17/2/2022 13:16

Look to the future - too many people stuck in the past. CoVid has changed the world forever and with it, the transfer of physical to digital.Some of these guys probably still go to Boots to get their holiday snaps developed.

[bobex] 17/2/2022 11:41

Ok but what and where is Phoenix’ return so far? They put a lot of money just to keep S.G. running? Plus now the whole Group is worth £10 million by MC only? On the other hand they made the least half year loss for some years of £481.000…

[creme de menthe] 17/2/2022 07:41

Superiorshares is largely correct. Phoenix owns the SGI debt which it bought cheap and is making a decent return from the interest and subsequent loans of stock.
Obviously it is in Phoenix interest to keep SGI as a going concern and promises of some sort of gross profit from the company are useful, but facts are facts, SGI is bankrupt, is being kept afloat by Phoenix, SGI owned stock has been run down, and shareholders won't be getting a dividend any time soon, if ever.

[superiorshares] 17/2/2022 06:47

Bobex
Take this advice if you are wise.?
Do not listen to Jasdan . If you trawl back through these posts on here for about 5 years , you will see myself and Jasdan . The Luv has never been right about anything !!!!
For example the latest waffle .
Phoenix providing support to SGI , to buy the 1c.
They didn't..Phoenix owns the 1c
Phoenix put money into SGI to stop it going bankrupt. If you scroll back to those days. Jasdans post will maintain that Phoenix bought SGI debt of the banks for the full amount 10.5 million, I think it was ?
The reality Phoenix provably paid the banks 5p in the pound for the debt. Which the banks had given up on SGI as a lost cause.
Phoenix directly owns a lot of SGI high end stock. Check out the Jersey affair .
Phoenix has a hold on everything that is left in SGI . So you should listen too ALS a bit more I reckon .

Ps . From Jasdans past posts . You will note . The Luv has been buying in from about 20p all the way down !!. Telling everyone to follow 😀

Bobex beware JASDANA.. The Bernie Madoff of SGI

[jasdan] 15/2/2022 21:21

ALS, I think you’re not being serious. Phoenix shows no sign whatsoever of withdrawing their support for SG. Look at how they supported them in buying the 1c British Guiana stamp.

Bobex, what you have to remember here is that Phoenix’s 58% majority shareholding did not come cheaply, a few years ago it cost them £19.45m to acquire that stake. If they pulled the plug then that £19.45m would all be lost. A pointless idea, it’s just not going to happen.

No, now that Graham Shircore (The CEO) is indicating that SG is about to move into the black again, there’s everything to play for here. I expect the shares to start moving upwards very soon.

[arthur_lame_stocks] 15/2/2022 20:34

It's my opinion that Phoenix will tire of the never ending losses and pull the plug sooner or later so that they can at least get a fair bit of their money back.

[bobex] 15/2/2022 20:12

That nasty thing always can happen. Would you share what exactly you have in mind on this one?

[arthur_lame_stocks] 15/2/2022 19:44

I think you should wait forever, or at least until they go bust, and save yourself some money.

[bobex] 15/2/2022 18:55

I can’t decide if I should start buying more now or should I still wait a little longer

[shreddinggreen] 15/2/2022 17:49

Representatives of SG will be at the Londoon 2022 International Stamp Exhibition from 19th-26th February held in the Business Design Centre, Islington.

Autumn Stampex International is from 28th September-1st October and will also be held in the Business Design Centre, Islington.

[superiorshares] 11/2/2022 19:45

Oh Jasdana .. A little more slippage xx

[jasdan] 11/2/2022 13:45

Why? Because a small amount of shares have been sold? It means nothing on its own...

Widespread selling would be different.

My view has not changed, but the company does not often issue updates / RNS's despite everything that's going on; so buyers are not going to emerge until something positive is confirmed.

Representatives of SG will be at Stampex from 19th Feb - 26th so you can speak to them then and get more of a feel for things. I do this and it is useful.

This share is prone to sudden movements, I would not be surprised if some bigger share purchases are made out of the blue soon.

[ottoman1453] 11/2/2022 13:20

.........this is not looking good!

[ternian] 04/2/2022 01:45

"Now does anyone want to comment on the fact SGI is not delivering customers orders from the publications and accessories department."

Another SG failure. The want for paper publications is decreasing. Even the latest RPSL video with leading auction houses stated that paper catalogues are in decline. SG offer some digital catalogues that are literally the same price as their paper publications. They still don't have the brains to work out a subscription model. Now, with limited staff, they are stuck in the past.

[clocktower] 03/2/2022 16:24

I see they are trying to attract more clients to buy the fractions of 1c by offering them first access to 1937 Edward VIII Penny coin.

They need better marketing and a trading platform to be able to pull this off imo

[jasdan] 03/2/2022 15:56

Good promotion for their Baldwins operations

[sikhthetech] 03/2/2022 15:12

Showpiece are now offering a rare EDVIII 1d coin...

So they are introducing new items and not just stamps...

I wish they would sort out their platform first though...