Stanley Gibbons Share Discussion Threads

[superiorshares] 13/4/2022 03:12

Jasdan
With regard to your recent pathetic attempt to ramp these shares .
When you tried to buy some shares , there was none available 😀.. The shares are so much in demand , the price goes down!

[superiorshares] 07/4/2022 17:58

Jasdan . You really don't need to be buying anymore shares do you .
You have wasted enough money buying all the way down , from the 16p area .
Fractional ownership.
I assume is the same as shareholding the majority holder dictates .
It's not a new thing by the way.
Showpiece is not the first . You can have fractional ownership in almost anything.
Housing is a good example .. Buy 25 per cent , rent 75 per cent etc .
I am not a buyer of fractions nor will I ever be .
The jury is still out I think ?.. All depends on the possibility of a successful marketplace ?.. could be a legal disaster zone or could work out .

[jasdan] 07/4/2022 17:17

Not sure what the current actual buying price was this afternoon as I tried to get some at 2.4p but couldn’t pick up any. Something is going on

[jasdan] 07/4/2022 17:15

1.8m shares bought in last few days. Wonder if an update is due?

[gbjbaanb] 07/4/2022 16:58

0.8m shares bought, at 2.3p is..... oh £20k. I'm surprised it takes so little to move the share price so much.

[twixy] 07/4/2022 15:32

Someone busy buying this afternoon

[jasdan] 07/4/2022 11:35

By my reckoning over 1m shares have been bought in this share over the last few days but there’s been no impact on the price. Incredible really

[hyper al] 07/4/2022 11:13

jasdan,
If you don't mind, look at the company on that thread I created (see link just posted), your comments in relation to SGI and this company would be most welcome on that thread.

[jasdan] 07/4/2022 11:05

I suspect when the market wakes up to this share it will suddenly rerate to 10p+ and there’s no way I want to miss out on that!!!!

[hyper al] 07/4/2022 11:04

jasdan

shh, keep quiet, I won't post on this thread for a while.

I have created a CGL thread

[jasdan] 07/4/2022 11:00

I suspect fractional collecting is going to be massive but looking at the current share price, it is clearly being ignored by the market.
You are right - once you buy a fraction it belongs to you and you would therefore have ownership of an asset that has a value that you could sell later on.
You are also right about inflation. Classically, stamps and antiques in general are asset classes that hold their value against inflation, again this is completely ignored by the share price.

[hyper al] 07/4/2022 10:31

If a buyer purchases a fractional holding in the stamp using crypto ledger, that fraction belongs to that buyer. Any suggestion of the ownership of the stamp as a whole transferring back to someone else without the purchaser getting financial compensation for his portion can not be correct particulalry as the stamp is held within a trust.

Please do tell me if I have got the above wrong?

[hyper al] 07/4/2022 10:12

Fractional collecting could become very big!

Remember in inflationary times holders of cash would rather hold objects, or in these modern times of crypto ledgers maybe part of objects hold within a trust.

[hyper al] 07/4/2022 10:11

Who owns the biggest chunk of shares in SGI ?

Any reason why investor information is not shown on the SG website?

[superiorshares] 06/4/2022 23:09

Jasdan .
Potentially one good thing ?
If inflation soars and the stock market wilts .
My physical stamp collection may significantly increase in value ?
People say stamp collecting is a dying hobby.
Well the hobbyist never collected theses stamps in the first place .. too expensive for the masses with some hinges and a book to put them in.

[jasdan] 06/4/2022 22:34

There’s nothing to comment about currently.

When SG bring out another RNS I’m sure we’ll all be commenting about the update. Since they issue few updates despite everything that is going on, we may have some time to wait.....

[superiorshares] 06/4/2022 21:38

Jasdana..
The silence is deafening !!
In your World of investing ...That can only mean good news 😀

[superiorshares] 04/4/2022 19:27

Jasdana my luv .
Sgi are selling it for phoenix for a small commission.
Meanwhile the share price drops .

[jasdan] 04/4/2022 17:08

Reminder from the RNS on 8th June 21 as to how the 1c stamps was financed:
"Details of the Loan Facility

The material elements of the new loan facility between Stanley Gibbons Limited, a wholly owned subsidiary of the Group, and our majority shareholder are:

-Interest free with 50% of any profit made on the sale of the item due to Phoenix SG [PSG].

-Secured solely against the item with no further recourse to any group companies.

-An initial 5-year term, which can be extended by agreement between the parties.

-If the item is unsold at maturity, the loan can be settled through return of the item to PSG.

-If the item is sold for less than the outstanding value of the loan, the net proceeds of the sale will be deemed to be sufficient consideration to satisfy the loan obligation in full.

-Sale of the item requires PSG approval."

I'd say it was pretty clear that the stamp was provided to SG at no liability - an exceptional deal for them.

[jasdan] 04/4/2022 13:05

I think they will sell the remaining 35% over the next month. Let's see what happens, but this will be a major feather in their cap. Seems like the number of buyers is increasing steadily now we are down to the last month's availability.

[jasdan] 04/4/2022 13:03

Something odd going on in the stock market today. Seem to have been a load of purchases this morning, yet the price has just dropped?

I have noticed lately that the marketmakers have been quoting the same price to buy or sell this stock - very unusual. Looks to me like they've got confused with their own pricing system??!! All of the 2.2p / + trades were purchases advises my broker.

[bobex] 04/4/2022 12:48

So SG got the money from Phoenix, all of it and yet they can retain 50% of the profit for themselves. Secondly, the initial 5-year term, can be extended by agreement between SG and PSG. Lastly, like you say if they don't sell the stamp, it can be returned to PSG.- It was their money so is their stamp... How can one complain about the terms? And now also the stamp has more small owners through buying the fractions...

[superiorshares] 04/4/2022 02:29

Shredding Green
OK we will do the 1c your way .:-)
Stanley gibbons owns the 1c .
They were given the money by phoenix.
Guess what .. They have too pay that money back in 5 years .
Guess what .. they also have to hand over 50 per cent of any profit .
If they haven't sold the stamp in 5 years , the stamp is returned to phoenix
Shredding Green. Your correct they own that stamp 😀.
Ps . The marketing costs of this stamp must be large !!!
Shredding Green. Can you Guess where that is coming from ?.
Your obviously the investor here .

[creme de menthe] 03/4/2022 07:24

I suggest you read SGI interim report. It is on their balance sheet as net outflow, then cash generated from financing activities (the Phoenix loan)

Cash (outflow)/inflow from operating
activities 6 (5,389)

Net cash (outflows)/inflows from
operating activities (5,949)

Net cash generated from financing activities 7,854

[jasdan] 02/4/2022 22:45

SG has no liability for the 1c stamp as per the RNS last year. It’s all on Phoenix’s balance sheet - suggest you actually read the RNS before commenting further.