Stanley Gibbons Share Discussion Threads

[tinker] 11/8/2004 08:46

very little volume so far.

[xdavid] 11/8/2004 08:43

Depends on whether there is going to be more people selling after getting their divi (because they thought it would bounce up on people buying) or buying (because they thought it might get marked down on people selling)...
We'll see as the day goes on...

[getscenic] 11/8/2004 08:38

About a year ago really "LOL" sorry.
If you can live without the div and spec div. 13th august.
But heres is a thought, why not put a few k into thier investment stamp department.

[affc21] 11/8/2004 08:38

Have topped up at 91.5,just missed 90p!

[affc21] 11/8/2004 08:16

Any thought's as regard's a buying opportunity?

[kael] 11/8/2004 08:07

Ca-Ching - dividend.

[chester] 11/8/2004 08:06

quite a markdown this morning.

[simonwilkinson] 10/8/2004 23:20

SGI are good to be held in a SIPP

Regards

SW

[wjccghcc] 10/8/2004 19:13

Except that there is plenty of room to grow their market share (currently 1%).

[topvest] 10/8/2004 17:56

xdavid - thanks for the p/e estimate. Quite close to my 5.7p estimate. My "low growth" comments relates to revenue growth. The profitability increases have been due to revenue growth, higher margin mix and plenty of cost cutting. The latter driver is not sustainable. Medium term, stamps are a mature/low-growth niche and I would say that max. annual growth will be less than 10%.

[kael] 10/8/2004 15:49

News is mixed up with Silicon Graphics.

[gregory0106] 10/8/2004 15:46

Re the latest news item on this site "OpenGL 2.0 Unleashes the Power of Programmable Shaders" - has anyone else looked at it - how does it relate to SGI, I couldn't see the connection. Is it wrongly posted or have I missed something (it is now a very hot afternoon & I have been in the sun too long!)

[xdavid] 10/8/2004 12:52

I believe they are OK for a SIPP inside an ISA but havn't looked into that option - 'real' pensions are so depressing to think about :o( I view my ISA as my pension, same net result at end of day (as I understand it) but more flexible.

[kael] 10/8/2004 12:40

Sorry I should have made myself clearer. I didnt mean ISA I meant a core holding that will be held for over 2 years to get reduce CGT, my bad.

[xdavid] 10/8/2004 12:37

Hi kael,
"I have a core ISA holding ..."
For an AIM stock? Who do you have this with? SGI is the only thing I have outside an ISA and would much prefer it in (CGT etc...).

[ukhawk] 10/8/2004 09:48

Yep, I was thinking of doing the same, but will sit on my hands. I actually think there might be a scramble to pick them up ex-div but we'll see. Been in this situ before many times, and some you win, some you lose.

[kael] 10/8/2004 09:35

I top sliced a few yes, but hoping to get them back at below divi. Mm's have just been walking this down since last week, the divi should take it to around 95p.

I have a core ISA holding which I dont trade.

[ukhawk] 10/8/2004 09:30

Kael, did you sell a few then ?

[xdavid] 09/8/2004 21:17

Agreed - a profit is only a profit when it's banked. I'm surprised you didn't sell in March when the PE hit 26! We differ on whether the current valuation is high and whether SGI have a "low growth business model". I don't count 50% for 2004 and 30% for 2005 'low growth'. I guess I also tend not to trade in and out of shares so do not get too concerned at short term valuations.

Only estimates are by Seymour Pierce, 5.3p for 2004, 6.8p for 2005, from their report here:


Current price 102.5p. Come wednesday the price will be marked down 8.5p (divis) so effective price is 94p for PE 17.7 (or 16.5 by your EPS) and PEG 0.35. Looking ahead at 2005 PEG = 0.5. I'll be holding until either the 'forward' PE looks toppy and/or future growth estimates or revisions raises the PEG closer to 1. I just don't see anything else with SGI's risk/reward ratio.

Good luck with the replacement :-) hope it's as profitable!

[xdavid] 09/8/2004 16:37

Personally, I do not base a selling decision on how much I have made. I may be tempted to top-slice to balance the portfolio, depending on risk evaluation, but that's all. Considering the forecast growth of 50%, your 400-500% would turn into 600-750% within the next year... Add 30% for 2005 and you hit 800-1000%... The magic of compound growth.

Re. valuation, I am now looking at 2005 figures. Discounting the 8p special and a total 2004 divi of 1.5p then at the current price of 102.5p the 2005 PE comes to 13.6. Come on... hardly "stretched"...! I remain happily holding :o)

[topvest] 09/8/2004 13:56

Sold out of these now. Made 400-500% so that will do nicely. Still a great company, but valuation starting to look a bit stretched imo.

[kael] 09/8/2004 09:28

1v2 still the same - we'll see this till ex date

[ukhawk] 09/8/2004 08:46

Morning, comdirect now buy/sell 15k 102.5/105.

KB still on the offer Kael ?

[ukhawk] 06/8/2004 23:25

xdavid, near the close it was back to 15k @ the full 105p. 37.5k @ 102.5.

Excellent day really, considering the turmoil in the US, and the "under-stated" IC coverage. 24 stocks on my monitor and this was the only one blue !