Stanley Gibbons Share Discussion Threads

[kael] 02/8/2004 08:35

Yep something in the background, I cant even get 1000 atm. Morning btw ;)

[ukhawk] 02/8/2004 08:33

Comdirect were selling 15k @ 95p first thing, now 10k @ 95.63p. Buying 37.5k.

A few larger trades not showing yet.

[kael] 02/8/2004 02:34

ahh I could have sworn they made quarterly updates :( nm must have been a different co. Ah well, we'll make our own update I guess ;)

There is plenty of news flow regarding alternative investments, SGI also put out information on their website that could be worthy of an RNS - the news is out there you just need to look for it at times.

[kael] 02/8/2004 02:31

erm, gimmie a sec if you're still there

[xdavid] 02/8/2004 02:28

What's the source for the September Trading Update? Is it in the interims?

[xdavid] 02/8/2004 02:21

I think I'll give that bet a miss :-)
...I always look to protect the downside...

[kael] 02/8/2004 02:10

Evening xdavid, up late tonight arent we? :)

While Im here, I'll bet you 1 share we'll be over £1 next week ;) deal?

[fingers xxd] 02/8/2004 01:56

.. Please don't shoot me !!
I'm friendly .. honest .. and only a baby .. LOL.

Sorry .. just my way of trying to brighten up the BB's.

[xdavid] 02/8/2004 01:50

Someone get me a shotgun... I'm seeing green creatures waving to me...

[EDIT] God, now they're breeding...

[nurdin] 01/8/2004 20:09

cheers hawk.Like the bit about getting a head start for the second half...

[ukhawk] 01/8/2004 19:04

Kael, the Citywire article goes something like this !

Stamp dealer Stanley Gibbons goes from strength to strength with first half pre-tax profit up 86% and the promise of a maiden dividend and a special dividend of 8p per share.

However, along the way, Citywire's sources suggest that legendary former fund manager Leonard Licht decided he had made enough money from the stamp collecting specialist and sold out. Former colleague turned private investor William Littlewood, still has a secret stake however so was lucky enough to benefit from yesterday's 7p rise to 96p. The stock is up by 228% since we tipped it on Licht's buying in May last year.


If this is correct Licht's move looks a little precipitous in light of Friday's results. The share price was 73.5p around the time he sold suggesting he missed out on an extra 13.5p and the 8.5p combined dividend and special dividend.


Although Stanley Gibbons (SGI) has been profitable for a couple of years it was unable to pay a dividend because of the tax regime on Jersey, where the company is based. Further details of the dates when the dividends will be paid will be announced shortly.


Profit before tax in the six months to the end of June rose by 86% to £603,000. Earnings per share were up 84% to 1.75p and sales were up 20.4% to £4.6 million.


The £23 million company boasts £788,000 cash in its bank account to which it will be able to £2.2 million received from the sale of its stake in Provide Commerce. This is almost 10 times its book value and will be used to fund the special dividend.


Net assets have also increased. Including the proceeds of the sale they are now up to 36p, from 27p at the end of June last year.


There was encouraging news on trading. Stanley Gibbons says its new investment department has attracted a lot of interest with record sales of top-grade stamp material during the first half. 'There is now a growing momentum which reflects the realisation that classic material is becoming scarcer (with recent high profile donations to museums further reducing availability in the market) and squeezing the prices higher.'


It added: 'In July we have seen the largest sale to date of one portfolio valued at £175,000, which gives us a head-start for the second half of the year.'

[nurdin] 01/8/2004 18:59

Interesting finds there kael.
The coming week should be interesting..specially with the IC comment coming up on Friday.Other tip sheets may also be working away over the weekend..who knows.

[kael] 01/8/2004 17:32

Stanley Gibbons will be at the alternative investment show, Excel Docklands September 17th - 19th.

Other bits I've found:

CWF have increased their holding percentage in SGI as a total of their portfolio to 6%, as of 23rd July -

It appears Bedlam Asset Management also have an interest, as of 30th June, being a new edition to its portfolio:

[cambium] 01/8/2004 17:07

Ratty must be havin' a Ball what with this and ASC under his wing.

[kael] 01/8/2004 17:05

Has anyone seen the citywire article? - need a sub to see it (and I havent got one ;) )

[nurdin] 01/8/2004 17:05

cheers cambium..those are pre interim forecasts.I dont think Ratty has had time to sit down and do the sums properly :o)

[cambium] 01/8/2004 17:00

Stamp retailer and wholesaler Stanley Gibbons announced cracking interims and a special dividend. Half calendar year pre-tax profits almost doubled to 600,000 pounds and Gibbons paid a maiden interim dividend of 0.5p. It also paid a special 8p payout using the proceeds from the sale of its stake in US based Provide Commerce Inc. Trading is strong and Richard Ratner at house broker Seymour Pierce reckons that full year profits will hit 1.86 million pounds rising to 2.5 million pounds in 2005. That equates to earnings of 5.3p and 6.8p respectively which should fund payouts of 1.5p and 2.25p. Ratty rates the stock - up 7p at 96p - as a "buy

[kael] 01/8/2004 12:18

Yep, my guess is that it was MH selling his options. Not a problem though imo - hetends to not hold more than 20K and when he does go over that 20K he tends to sell them, but maintains his original 20K. Either that or it was an institution selling a bit.

As long as the institutions keep their large %, I'll still be holding :)

FRASER P I ESQ 2,636,719 10.83
FORUM FAMILY OFFICE 2,500,000 10.27
DUNNINGHAM T ESQ 1,615,000 6.63
MORGAN STANLEY MARKET MAKER 1,330,000 5.46
FRAMLINGTON INVESTMENT MANAGEMENT 1,000,000 4.11

Also worht keeping an eye on T Dunningham

[ukhawk] 01/8/2004 10:25

ps. Did you see that 50k trade slipped in after hours on friday ?

[ukhawk] 01/8/2004 10:20

Kael, I agree with everything you say, but I'm sure a larger company would think they could leverage the brand more. Don't get me wrong though, I'm not advocating it, just expressing surprise that nobody shows interest in them. But who knows ?

I don't doubt that the share price will probably reach £2 in the not-too-distant future, but I'd still take £2 on monday and move on ! I think most would do that, but maybe not so many on this bb.

[kael] 31/7/2004 21:11

£2? ukhawk the share price probably will be £2 a share in 1.5 years anyway (providing they keep the growth up 8p EPS @PE25). I for one would not accept £2 a share. You're talking about the market leader in a £5billion market, going for around £50mil - cant see it happening and wouldn't want to see it happening. Every stamp has been catalogued by Stanley Gibbons, what you should really ask is how much is that 150 years experience in stamps worth? Surely more than £50million?

This is a great growth share and to see it get taken out before it can really get going would be dissapointing to say the least. Stick with it for 5 years and you'll be laughing. In one year it has gone from 30p to 95p, give it a few more years and you'll have a 10+ bagger imo. Even then SGI would only be valued at £75million.

SGI is possibly one of the great LTBH stories, how many of them do you see nowadays?