Stanley Gibbons Share Discussion Threads

[smow1] 11/3/2004 18:38

We should be so lucky, expect shart correction across whole of market tomorrow if US stays up overnight.

[daza75] 11/3/2004 18:00

i also picked up another 5,000 today and will do so tomorrow if another fall occurs

[smow1] 11/3/2004 17:43

Funny isn't it - the US buy PRVD even on a down day and people here dump SGI as if stamp collecting will stop around the world just due to a slight dip in the market. Maybe I should switch to shares on the Nasdaq instead.

SGI are quality and the chairmans report just got through the post makes great reading.

[kael] 11/3/2004 17:32

Has anyone come up with a reasonalble figure that is to be returned to shareholders a low estimation would be a good guide imo, 5p would be 1.25mil worth, is that a reasonable amount to expect?

[cockneyrebel] 11/3/2004 17:28

50K and 10K delayed buys at the close.


Topped up today, in for more tomorrow. Best to feed your way in on a dip imo. You won't buy the lot at the low but you'll buy across an average of the low and probably get into profit quickly at low risk imo.

67p to buy with the cash return stripped out - cheap as a postage stamp imo.

CR

[kael] 11/3/2004 17:19

just done a quick calculation and at 24 dollars the holding is worth around £2.9million squid...not bad eh ;)

[kael] 11/3/2004 16:59

Some good news nurdin...PRVD is testing new hihgs! up 5% today almost at $24

[nurdin] 11/3/2004 16:57

What a stinker of a day today...! Mind you the uncertainties in the stock market will stimulate the alternative investment market even more which is all good news for SGI.Watch the Stamp Index rise next month.All imo of course.

[kael] 11/3/2004 11:17

Looks like a few are moving into this as market uncertainty returns... SGI could well put in a star performance over the next few months. Bring on the AGM! only 1 month away now.

[kael] 11/3/2004 10:35

well, it looks good for the special divi at the mo, PRVD was down all of 0.01 yesterday...

[cockneyrebel] 11/3/2004 10:09

Well what a buying opportunity today. Amazing, punters were piling in to buy these at 90p but offer them a big discount and they sit there staring a gift horse in the mouth.

Strip out the cash you'll get returned to you by the company and you are buying these for 67p today - probably a single digit PE and growth in the 70-100% range.

Sleep well - I've been buying myself.

CR

[jwe] 11/3/2004 09:14

mgpp-whilst i agree that in the past the stamp market has been plagued by its ups and downs,these have taken place over a period of several years and therefore not a factor for those currently investing in sgi.Most would have a time frame of less than a year(myself included).For those few that are in for the very long term i am sure they will periodically revue the merits of holding.
learningtrader-you might wish to have a look at oys.They have been tipped by both the Sharesmag and the IC in the last couple of weeks and the board has stated that results(due 25.03)will beat market expectations-as sgi did.Please DYOR.

[kael] 11/3/2004 01:13

Well there's some questions in there to ask him when he comes in mgpp!

[mgpp] 11/3/2004 00:16

Stanley Gibbons has had mixed fortunes over the years and, while the stamp market is strong at present, similar surges in the past have been followed by collapses in the value of stamps. I would therefore suggest that there is a danger of becoming too euphoric following the good results just published.

The directors have taken the opportunity of exercising their options and selling most of the shares acquired. The company made a profit of £881,000 after tax and a couple of days after announcing this Paul Fraser realised a profit of £289,000 on the exercise of his options and the sale of the shares acquired. He was in the unfortunate position of having to sell the option shares to avoid having to make an offer to buy the whole company.

One has to ask if the director's decision to exercise their options now was to increase the number of shares available or to realise a proift while the opportunity was there.

[kael] 10/3/2004 22:30

hehe, I was actually taking a look at their portfolio offerings - they are actually quite good - tend to give reasonable returns.

[daza75] 10/3/2004 21:28

My point exactly - all my cash is in SGI!!!!

I would like to pose a question "How much time and effort are they paying to their portfolio side of things" ie searching for new investors? This could increase rapidly if the bull run is slowing or coming to an end. I feel this really needs to be focused upon due to the amounts these investors are willing to spend on alternative investments.

[orange1] 10/3/2004 21:15

Markets looking scary? That's the rationale for investing in alternative investments such as stamps. Which is good for SGI!

[daza75] 10/3/2004 20:41

PRVD also holding up very well with the Nasdaq crashing

[daza75] 10/3/2004 20:37

With the markets starting to look pretty scary im glad ive got a safe home for nearly all of my cash. SGI is a safe bet with the fundamentals that we all have seen.

Topped up again today and will do so on any weakness tomorrow,

May also be a good idea to open some T+20 trade's for the AGM in April.

Want to short the FTSE but dont have the balls!!

[learningtrader] 10/3/2004 18:21

I bought these at 61p just few weeks ago is it worth topping up? The ride so far has been brilliant and I hope it is as smooth as MBY.

Any other growth at reasonable value please shout. All adivce welcome as I want to set up a portfolio for my kids (they are only 2.5 and 1.25 yrs old).

[dwnash] 10/3/2004 18:10

I personally think the drops overdone, m/m's trying to get more stock in by tree shaking ahead of the next climb.
Have tried to check and calculate the ? and buys,sells over the last 3 days, and asume only 42000.approx. oversold as it stands, so they may try again tomorrow .
IMHO....but if we dont flinch, and a few more buy ,we may change direction upwards..

[daza75] 10/3/2004 18:00

One of my 5K purchases has shown up as a sale today. 79p did well i think cause a couple of mins later it was 81.75.

I read the annual report today great stuff!

[kael] 10/3/2004 16:22

Well there is your reason for the price drop at 2:20pm 20K, bad form... drop most definitely overdone...unless more to come.

[kael] 10/3/2004 15:49

Well I would have thought a PE of 15 is fair although at the low end of the scale - which is over £1. There is also a progressive dividend policy to be implemented, not to mention a special divi after June. NAV will naturally increase as value of stamps, etc. increase, as far as I can see, its win win at these prices.