Stanley Gibbons Share Discussion Threads

[popgun] 12/3/2004 13:46

I don't know if this has come up here before but I just went to the Web site and couldn't find any link about the company, investor relations etc. I had to search on Google to find it! In case you're in the same boat, here it is:

Edit: and of course there's a link right on the home page - how did I miss that?! :)

[clocktower] 12/3/2004 13:08

I think you will see both a divi and the buying of shares with the money from the USA..hope they hedge the $.

[daza75] 12/3/2004 12:46

I actually think it will be a buyback, why would they pass the resolution recenlty if they had no intention of buying shares back with the money from the sale of the PRVD stake.

[cockneyrebel] 12/3/2004 12:40

mgpp - so if they buy a 20% of the shares back what's going to happen to the PE? Answer = it falls by 20%.

What happens if they can't get the shares in the market? Answer - the price gets driven up. 2% of the company shares sold in the last two days has moved the price down about 10p - imagine what buying 20% of them back does.

CR

[smow1] 12/3/2004 12:30

Just take a look at the charts of MBY and TPT to see the effects a share buy back can have. Steady climb in price of your shares and hence you get a large dividend if you hold the shares for a period of time in the form of the price rise. Stops short term share holders and rewards those who hold for future growth. Also stops dips in the share price for people who sell. Looks like a good buy signal to me if SGI are going to start buying up the shares in the market. Back to £1+ target then.

[mgpp] 12/3/2004 12:19

Thanks.

That looks as if all the hopes of a fat dividend are misplaced!

[orange1] 12/3/2004 12:03

It's a share buy back. This was tucked in at the bottom of the statement on 3 March:

"The Company confirms its intention to return surplus cash to shareholders by
means of a share buyback in the immediate future."

[mgpp] 12/3/2004 11:47

This statement was made in the announcement of results:

"Dividend Permission has been granted from the Channel Island authorities to pay dividends in 2004.

We are intending to return surplus cash through the payment of a special dividend or share buyback and the implementation of a progressive dividend policy."

Has anyone seen anything to indicate whether they are going for a special dividend or a share buyback?

[kael] 12/3/2004 11:00

Well CR we will get an update on this year from the AGM - they release a trading statement with it ;)

[cordone] 12/3/2004 10:57

Couldn't resist buying another wadge at today's giveaway price. Only weeks to the AGM and a nice dividend awaiting us all.

Just can't for the life of me work out why anyone's selling!

C

[kael] 12/3/2004 10:34

and...this is the chart for sgi:

[kael] 12/3/2004 10:33

well bp, first you stated that it was due to the bombings - now its due to the people sitting on big profits. I really have to disagree with you on your 50p price target... Charts are unreliable with illiquid stocks, you can take what they say with a pinch of salt. For anyone who is interested in SGI and the dividend they may well recieve, here is the chart for PRVD -




You never know, this could be at $30 by the time sgi sell. ;))

Just consider it has risen by over 33% in two months - with a 10% rise yesterday in a falling market, it is looking very promising.

[jwe] 12/3/2004 09:11

Am surprised by the continued sell off today.
barnetpeter-if you think they are going to 50p why don`t you sell?
cr-i have just bought back in to cre they too have fallen too far,thought you might be interested.

[barnetpeter] 12/3/2004 07:00

No nurdin, not one. But I have my eyes open.

[nurdin] 12/3/2004 06:58

I take it you have sold them now barnetpeter??

[barnetpeter] 12/3/2004 06:56

Kael, because I think the market will now mark down small caps across the board and this has only just started. This time last year, plenty of stocks were valued at a fraction of their cash held. IND at just a third for instance. Look at the chart above. From 90 to below 80 at a faster pace. With so many folk siting on big profits in SGI (like me) the downside risk is there to see.

[kael] 12/3/2004 01:23

Can you please elaborate on why 50p is about right? For your personal interest maybe?

Bombs change nothing. Terrorism has been here for donkeys years and unfortunately will be here for the rest of our lives. Life goes on.

Granted it is reported differently - but that is to do with the media. In reality nothing has changed, except media ratings.

[barnetpeter] 11/3/2004 23:34

SGI is going down below 70p I think. Maybe 50p will be about right. The market has little interest in value or fundamentals at the moment. Bombs change everything.

[kael] 11/3/2004 22:04

trust me...its right alright. I was a bit shoked myself - high of the day was 24.95, $25 here we come!

[cockneyrebel] 11/3/2004 21:59

Glad I've added more - might get some more tomorrow at an even cheaper price if the panicking sheep follow the US - looks like the cash return has gone up by a penny today if that's right about PVRD.

CR

[kael] 11/3/2004 21:32

you guys want to hear something even more hilarious....

PRVD closed at all time high - $24.80c thats up 9.7% on the day...

ROFL! Just consider that when you see the NAS and DOW tanking... guys, SGI has winner written all over it :)

that also takes SGI's holding over £3million...

[jwe] 11/3/2004 21:10

SGI have been rated a buy at 78.5p intodays shares mag(again!).

[daza75] 11/3/2004 19:01

PRVD at a new high. up 6.1%

[daza75] 11/3/2004 18:41

i hope so, but somehow dont think it will. I have a feeling millions were poured into shorts accross the world yesterday before todays bombings. (conspiracy theory) LOL!!!