Stanley Gibbons Share Discussion Threads

[martinp] 29/9/2004 17:09

sp drifting a bit. any news coming soon?

[xdavid] 28/9/2004 00:46

gone fishing... ;-)

[2magpies] 27/9/2004 10:24

wot's occurring?

And where is everybody?

[livinginhope] 21/9/2004 15:38

Moving on up again which prompted me to add another 6,470 shares to my portfolio this afternoon at 86p - this is now my biggest holding and a sign of the graet confidence that I have in this company. Quality share now matched by a quality website.

[popgunn] 21/9/2004 11:37

xdavid - great, thanks for that.

[ukhawk] 20/9/2004 16:55

xdavid, yet to be convinced, lol ! Still, if the work is done in Nailsea it might explain how they can do it so cheaply.

Yes, price starting to move in the right direction, with an improvement in volume.

[xdavid] 20/9/2004 15:56

SGI maintain an Internet & Catalogue Database Development Team - all catalogues are now maintained in a database which allowed them to move them to the net. the costs come under New Business Development in the Operating Review of the interim report.

From Operating Review: cost of New Business Development £96k.

The following was posted by DukeOfYork on the Motley Fool site in August:

"I have received a very helpful letter from Michael Hall, Chief Executive, about New Business Development(NBD) and web-related sales.

NBD sales relate to subscription income from their website www.allworldstamps.com. All other sites are free. I had some difficulty in finding this site, but eventually discovered what appears to be the only link in the Investors section. As far as I am aware, the site upgrade has not gone live yet. Hopefully, allworldstamps.com will be more accessible when the integration occurs.

Costs relate to the Nailsea based internet and catalogue database development team, mainly salaries and establishment costs. Some of the work invlolves software development which qualifies for additional tax relief (50%), hence the need to maintain separate budgetary control. However, other divisions derive revenue benefits from work undertaken at the centre.

Sales taken directly from the internet in H1 were £278K, (almost identical to my estimate). These are online sales and advertising revenue.

However, the full benefits of the internet presence are never reported because the majority of high value stamp sales are sourced from clients who view the stock on the web and then contact the company directly, due to transaction sizes."

[EDIT] The subscription income from allworldstamps.com was £7k in the first half year. This is reported as New Business Development sales and separated in accounts from the direct web sales (£278k in H1).

BTW nice to see the price ticking up - typical SGI price pattern :-)

[ukhawk] 20/9/2004 14:56

xdavid, I'd be surprised if a "major refresh" came into the same category as updating the web-site info. (99 employees incl. directors at an average wage of less than £19k p/h last year).

[popgunn] 20/9/2004 12:41

Interesting. I wonder what the cost of their in-house team and resources is, and what the dev team does when not working on a major refresh like this one.

[xdavid] 20/9/2004 09:40

All website work is in-house according to interim report.

[ukhawk] 20/9/2004 09:12

I'd doubt they'd have the expertise to produce that quality in-house. But it's a compliment to recently departed non-exec director Stephen Feigen though, who was the board guru on internet development.

[popgunn] 20/9/2004 08:40

The new site is fantastic - very impressed. I wonder if they did it in-house or outsourced it, and how much it cost either way - it'll show up as cost in some future set of financials so worth bearing in mind.

[ukhawk] 18/9/2004 10:14

Yep,the new website is excellent, almost makes you want to collect stamps !!!

xdavid, agree the current base seems to be established, and the short-termers will all gradually return.

[getscenic] 17/9/2004 21:00

Have just checked out the SGI website. Looks alot better, easier to use, and much more content. Can only help trade!

[xdavid] 16/9/2004 21:41

It does this. There's usually very little trading outside of news or writeups and the MMs sometimes get bored and move it up and down just to see what happens. Have a look at the 1 year chart. For what it's worth I reckon it's making a base around current price. The profit taking seems to have tailed off and maybe the 'wait-and-see' people will start picking bits up. Morgan Stanley seems to be happy 'mopping up' if it ticks lower. The closer it gets to the end of the year, the more attractive the forward PEs will look - so I'm happy with the inevitability of it all. Patience is a virtue :o)

[martinp] 16/9/2004 16:52

can anyone explain the sideways movement over the past few weeks or so?
think i'll be averaging down tomorrow.

[xdavid] 16/9/2004 15:49

Improved web-site coming online, as promised in the interim report...

www.stanleygibbons.com is changing...
With
More intuitive navigation
New improved searching facility
and all of Stanley Gibbons' services in one place In an effort to create the greatest philatelic resource on the web, www.stanleygibbons.com will be down for maintenance on the 15th September 2004 at 16:00 for the launch of our new website.
This work is scheduled to take 48 hours to complete.

[popgunn] 16/9/2004 15:44

dixies - good idea. I got 2 messages from comdirect on the divi but both were for the 0.5p payment, ie identical PDFs in my inbox. However my account got at least the 8p. I'll check if the 0.5p went through - easy to miss.

[orange1] 16/9/2004 14:30

I recommend TD Waterhouse - 2 divis paid on time without probs and Sippdeal
for SIPPs.

Now can normal service be resumed and the chat be about SGI? :-)

[cambium] 16/9/2004 14:10

martincc, I moved mine from Barclays to Fastrade/Nothing ventured and it took three months, Barclays are hopeless. I only trade my share club through them now because it is nigh on impossible to move because of Data protection. I recommend fastrade though.

[dixies] 16/9/2004 14:05

If any of you are with comdirect it is worth checking your online statement. They paid the 8p special dividend into my account on Tuesday - one day late but acceptable. However, they "forgot" the 0.5p interim dividend. I have been in touch and they are rectifying the matter. Although it is only 0.5p per share, I wonder how many shares they hold on behalf of all their clients!

[livinginhope] 16/9/2004 09:47

Thanks for the info martincc. Any views on etrade v comdirect would be gratefully received. Exit charges on Barclays could be quite high.

On Stanley Gibbons, I have continued to hold through the drop and have no intentions of selling as the growth potential is massive.

[martincc] 16/9/2004 09:22

livinghope -
I am in the process of moving all my accounts from Barclays (also because of their poor service)
I have a SIPP account with Etrade and have moved my (and my wife's) ISA accounts to Etrade, and am in the process of moving our PEPs also. (move takes around 3 weeks)
So far Etrade have been excellent, can recommend them.

[livinginhope] 16/9/2004 04:11

I emailed Barclays regarding the delay in crediting the dividend payment and received the following response:-

We receive dividend payments on the payment date. However, the payment then has to be distributed amongst all our nominee holders.

We, therefore, advise our clients that dividends will be paid 3-5 working days after the payment date.

If you need any more information, please call our Client Service Team on 0845 601 7788*.


Poor service in my opinion as I received my dividend on my Hargreaves Lansdown nominee account on the correct date (13/9/03).

I use Barclays for my SIPP and am inclined to switch to another broker but the charges for doing this would be quite high and also it would mean more admin. Has anyone switched their SIPP holdings away from Barclays who could recommend a good on line broker with cheap dealing costs and a good website that provides historical account information. This is the weakness of Hargreaves Lansdown - their account history on line is very limited.

[biscuit2] 15/9/2004 09:05

Mine appeared yesterday through nominee account