Stanley Gibbons Share Discussion Threads

[cottoner] 03/1/2004 22:26

PRVD now @ $15.59

[nurdin] 03/1/2004 21:52

skyship..tried your scheme to insert a chart...doesnt work Im afraid :o(

[nurdin] 03/1/2004 16:32

Thanks Barnetpeter...trying to figure out how to insert a chart lol
Yes I know the share price moves slowly but I expect them to accelerate nearer the results date if not before then.The fundamentals are superb..never underestimate the addiction of stamp collectors!!

[barnetpeter] 03/1/2004 15:48

Good for your Nurdin - but how about a chart at the top?

I hold a small amount at 32p and will add soon. The results should be good but the stock is a bit slow.

[nurdin] 03/1/2004 15:43

''The Board is committed to realising the potential associated with being the only
recognised brand name in an estimated $10 billion per annum market and to
continued growth in revenues and earnings over the second half of the year and
beyond."

[nurdin] 03/1/2004 15:13

''.....With the year end only weeks away, the Board can report that good progress has
continued throughout the year and that the Directors are confident that the
results for the year end will meet market expectations....''

[nurdin] 03/1/2004 09:59

I thought I would start a new thread as I dont think previous threads do full justice to the company....

Stamp collecting may not have the same buzz as photonics and microwave communications but this is a substantial industry with around 30m collectors and traders worldwide and a market worth over £5bn.The market for such 'collectables' has seen a revival in recent years boosted by risk averse investors seeking safer home for their money in a low inflation environment .Rare stamps have become a key form of such investment on par with fine wines and gold...the Stamp Index rose by 13.4% last year.
Stanley Gibbons(SGI) is a major player in this industry with an international reputation for their products and service.The company has recently rationalised its operations to become a leading provider of trading platforms for the philatelic community on the internet.With a strong brand name that dates backs to the 19th century the company is now attracting over 8m visitors to their website every month.But these are not casual visitors....most are passionate stamp collectors who look to the company to supply them with the best in stamps and accesories,from the latest issues to the rarest and for advice on best investment.
Their strategy to exploit their brand name and use modern technology to reach their worldwide market is paying off handsomely .EPS have grown from -0.6p in 2000 to a massive 1.94p in 2002.For 03 brokers expect 70% uplift in eps to 3.3p which the company has recently announced they will meet.Brokers have also pencilled in another 70% rise in 04 which put the shares on a forward multiple of just 7!
But thats not all.The companys NAV per share which at the interim stage stood at 26p received a boost by almost 7p following floatation of Provide Commerce Inc (PVRD)in which they had holding worth £233k prior to floatation.That investment is now valued at £1.7m and will rise with any appreciation in PVRDs share price.Cash generation has also been strong and cash balances swelled to over £1m at the interims equivalent to 4p a share
So in summary we have a Company that has the following attributes:

-eps growth of 70% over the next two years
-forward multiple of measly 7
-NAV per share of 37p
-strong cash flow
-improving margins
- a strong brand name
- access to a global market worth over £5bn
-a key player in a market that will be boosted by the low inflation environment

Cheap as chips I say!!

[clocktower] 02/1/2004 16:24

Nice solid little buying today. just need more volume, slowly does it.

[daza65] 02/1/2004 16:16

prvd now @ 15.70

[nurdin] 02/1/2004 15:50

A brilliant stock and seriously undervalued imo....not well publicised by the looks of things...

[jwe] 31/12/2003 11:07

Bought into these this am-not yet showing-look a good medium term bet to me.

[cottoner] 28/12/2003 20:44

PRVD now @ $15.09.

[clocktower] 24/12/2003 12:36

Best wishes to all & any bored investor looking for a sound home for funds would be hard pressed to find a better home.

[skyship] 22/12/2003 09:34

With PRVD @ $14.75 the investment is worth a gross 8p/share. SIMON - Thanks for the prospectus. Does it state anywhere any lock-in on the original shareholder stakes. Presumably SG will wish to cash in this welcome bonus from the Company's former incarnation.

[barnetpeter] 20/12/2003 11:55

You know this investment is worth approx 10p each SGI share? I have held some of these for 6 months and the bid has never been back to my buying price but never been low enough to dump on stop loss grounds. But they could just be ready for a strong run. I do think we will see some selling as well though as plenty of stale bulls just get their money back. An interesting development.

[simonevans] 20/12/2003 09:34

I managed to track down the prospectus - quite interesting:



They kept quiet about this investment didn't they - this is the way it should be - don't over-promise and under-deliver, but announce when the transaction has been completed.

[cottoner] 19/12/2003 23:26

Provide Commerce (PRVD) closed tonight @ $14.75 , 5.36% up on the day.

[cottoner] 19/12/2003 23:24

RNS Number:4411T
Stanley Gibbons Group Limited
19 December 2003


Stanley Gibbons Group Limited
("Stanley Gibbons" or "the Company")

News re Provide Commerce Inc

The Board of the Company announces that on 17 December 2003, Provide Commerce
Inc, (previously Proflowers Inc), in which Stanley Gibbons has a shareholding,
was admitted to trading on NASDAQ. The mid-price of the ordinary shares in
Provide Commerce Inc (ticker symbol PRVD) at the close of trading on 17 December
2003 was $13, valuing Stanley Gibbons' interest at approximately #1.7 million.
The carrying value of this investment in the Company's most recent balance sheet
was #223,000.

The Directors are also pleased to announce that, further to the announcement of
their intention to investigate a method of returning surplus cash to
shareholders, the Channel Island authorities have now granted permission for the
Company to pay dividends from 2004. The Board is continuing to explore the
specific means by which this will be paid and will confirm this as soon as
possible.

With the year end only weeks away, the Board can report that good progress has
continued throughout the year and that the Directors are confident that the
results for the year end will meet market expectations.

[clocktower] 19/12/2003 11:15

Look at volumes..building a head of steam..

[clocktower] 19/12/2003 09:54

just to let you know they are delaying trades, no doubt to make them look like sells. MM..Very short.

[clocktower] 19/12/2003 08:16

This is going to rocket, on its way..Undervalued for a long time.

I should have added..MM short on stock.

[jonathanberry] 19/12/2003 08:14

I think equally important as the divi announcement is the revaluation of SGI's holding in Provide Commerce Inc...that in itself will mean a re-rating.

The Board of the Company announces that on 17 December 2003, Provide Commerce
Inc, (previously Proflowers Inc), in which Stanley Gibbons has a shareholding,
was admitted to trading on NASDAQ. The mid-price of the ordinary shares in
Provide Commerce Inc (ticker symbol PRVD) at the close of trading on 17 December
2003 was $13, valuing Stanley Gibbons' interest at approximately #1.7 million.
The carrying value of this investment in the Company's most recent balance sheet
was #223,000.

[clocktower] 19/12/2003 08:09

It is just a matter of time now before this is 70p. a one way ticket to profit at present imo.