Stanley Gibbons Share Discussion Threads

[ukhawk] 09/7/2004 16:02

Held back ??? LOL, you're difficult to please !!!

[kael] 09/7/2004 15:43

Anyone get the impression the lack of sells is holding the share price back a bit...

[kael] 09/7/2004 15:22

lol, good job :)

[ukhawk] 09/7/2004 15:21

Kael, this may be painful but the GLD profit wasn't there weeks ago !!!

[xdavid] 09/7/2004 15:20

LOL, ukhawk. I would do it myself but I spent ALL my dosh on it last month and was struggling to make it through the beginning of this month without selling!
Better than a bank account, even at these prices.

[kael] 09/7/2004 15:19

*slaps ukhawk* what are you talking about? You should have done it *weeks* ago LOL

[ukhawk] 09/7/2004 15:14

Just topped up, yep I know I should have done it a couple of days ago !!!

[xdavid] 09/7/2004 15:11

Comdirect:15:11
Bid price: 37.5K @ 89.0
Offer price: 1.5K @ 91.00

Miniscule NMS on Offer!

[ukhawk] 09/7/2004 14:30

Can only buy 3.75k again now !!!

[ukhawk] 09/7/2004 14:22

I don't think they have, we'll see.

[kael] 09/7/2004 14:22

NMS may have gone up but those sizes xdavid, they will take 5 times as much stock than they will offer you!

[xdavid] 09/7/2004 14:19

14:18 Comdirect
Bid price: 37.5K @ 88
offer price: 7.5K @ 90
Mid price: 88.5

The NMS for both has gone up - I reckon they have got some stock from somewhere...

[kael] 09/7/2004 14:08

Whats the chances the buys at these drops will be made to look like sells later :0

Who knows, fwiw I think the share price will close at 90 mid today. Anything in the press and we'll have a breakout on Monday imo.

[xdavid] 09/7/2004 14:03

There's the shake now, ukhawk - lets see if any takers? I think they'll try dropping another p...

[kael] 09/7/2004 13:44

Are we expecting a summer rally too?

General Electric Co., the world's largest company by market value, said second-quarter profit rose 3.4 percent, helped by orders for industrial goods like jet-engine parts and plastics and consumer demand for credit cards and loans. Net income climbed to $3.92 billion from $3.79 billion a year earlier, General Electric said in a statement.

Per-share profit was unchanged at 38 cents, one cent above the company's forecast, because the Fairfield, Connecticut-based company issued the 342 million shares to finance its $10 billion purchase of Amersham Plc.

Nine of 11 main businesses had quarterly profit gains of at least 10 percent as a rebounding economy fueled a 11 percent rise in sales. Profit growth was constrained as Chief Executive Officer Jeffrey Immelt boosted spending to integrate acquisitions. Immelt, 48, closed almost $30 billion in transactions in the quarter, part of a plan to push annual profit growth next year above 10 percent.

Immelt raised the 2004 forecast by a penny to $1.55 to $1.60 a share this year and reiterated 10 percent to 15 profit growth in 2005.

Revenue rose to $37 billion from $33.23 billion in the quarter on demand for plastics, engine parts and consumer products like appliances and lighting. The U.S. economy expanded at a 3.9 percent annual rate in the first three months of the year, and consumer borrowing rose for a sixth straight month in May.

General Electric's earnings are viewed by some investors as a barometer for the larger economy because of the breadth of its businesses. It is the world's biggest provider of jet engines, turbines for power plants, locomotives and medical-imaging equipment.

``This is the best economy we've seen in years,'' Immelt said in the statement.

Great for underlying market conditions imo.

[ukhawk] 09/7/2004 13:35

xdavid, LOL, I somehow knew you'd come back with that !

Actually, if there's going to be a shake it must be soon. Earlier delayed buys will be shown as sells. MM's have to get stock somehow, and with the possibility of positive PR from the w/e press, this could break out big time (here's hoping !).

[don carter] 09/7/2004 13:21

Agreed Kael... This is just what the charts are telling me. I believe this company is a good buy up to 114p for now, and after that I would get cautious for a short while. For now, I'm looking to see how the price handles the previous high of 89.5 mid. Will it blast through it next week or take a breather? It'll be interesting to see.

[xdavid] 09/7/2004 13:19

That was Comdirect. It must have moved when you were posting. :-)
EDIT:
If the bid price has moved up to just under 'mid', they are trying to tempt sellers even more!

[kael] 09/7/2004 13:16

I concur with xdavid and others analysis, but you have to factor in the special divi. If it is indeed a special divi, combined with expectation beating results and excellent foward looking prospects - in particular, regards the expanding coin department then 114p is easily attainable. If SGI can make a decisive move into the niche coin market, then you can figure out the kind of profits they will be generating. Remember how "suprisingly easy" MH said SGI have found selling coins to philatilists.

For we know the stamp market is growing very quickly indeed and we know SGI has a brilliant management team behind it to exploit the growth, if they can make the same headway into coins, then growth will really accelerate. Lets hope to see some foward looking statements in interims with regard to coins!

[ukhawk] 09/7/2004 13:12

xdavid you need to move to comdirect !!!

[xdavid] 09/7/2004 13:11

At 13:10
Bid price: 25K @ 89.25
offer price: 3.75K @ 91.00
Mid price: 89.5

After the mopper-upper got in yesterday & Wednesday, they must have no float left at all by now!

[ukhawk] 09/7/2004 13:10

comdirect buying 25k @ 88.63p, but only selling 3.75k @ 91p.(a couple of hours ago that was 7.5k)

[don carter] 09/7/2004 13:09

It's now broken out of the April uptrend lines. Last time it did that it gained 25p. I posted a while back that given the retracement from March to June we could reasonably expect a new high of 112. That seemed hopeful at the time but it's not looking so crazy now, especially given the eps/pe analysis of nurdin and xdavid [who mentioned 114 as a fair price].

[kael] 09/7/2004 13:06

"if sufficiently diffent" LOL, how much is sufficient? judging by the stamp market of late it will be more than sufficiently different!

[xdavid] 09/7/2004 13:04

The Reference Collection is currently valued as a Tangible Fixed Asset at 479K. The basis of the valuation is "depreciated replacement cost". I presume that the 479K will be replaced by the new replacement valuation figure and then depreciated each year thereafter. Mr. Purkis confirmed to me that even though the re-valuation was an internal one, it would be carried onto the accounts "if sufficiently different". Who knows what it might be re-valued at in the current climate...