Stanley Gibbons Share Discussion Threads

[tinker] 16/12/2004 09:46

xdavid

An excellent summary of SGI. Couldn't agree more. Reminds me of another of my favourites, Mears Group (MER). Up over 100% since I bought last April but never any fuss, even more boring than SGI (they change light bulbs and mend gutters for council houses etc.) a superbly run company only noticed twice a year.

[xdavid] 16/12/2004 09:34

Anyone trying that link of mine to the Stanley Gibbons web site - it now just shows a blank page!

Mmmm... maybe it was deemed to be too much like a trading statement...?

[giovannina] 15/12/2004 16:17

Thank you guys, that is more reassuring and I am very happy to wait and be patient,but sometimes it is nice to be reminded why I hold such slow shares!

[xdavid] 15/12/2004 11:38

Giovannina, did you see this link I previously posted at end Nov?...

"Stanley Gibbons has £15 Million to spend on rare stamps and postal history - £12 Million of stamps wanted by our clients and £3 Million to spend to replenish our stocks. We are currently experiencing one of the heaviest demands for quality stock in our near 150 year history."



Fact is, SGI is a small cap with generally low trading volumes - it will not dance about like a FTSE 100 company. And people talking about it or not will have no relationship to the earnings performance come results in March. And it's the earnings performance which ultimately will dictate the valuation of the company and the price of it's shares - not discussions and "tips". Frankly, most people who buy SGI on a "tip" will probably get bored within a couple of months and sell just before the next jump up (as in last months 15% in a couple of days). The MMs are very happly to fleece bored sellers - in fact I think this explains why SGI always seems to jump to higher prices rather than move gradually.

Under the hood, SGI is a solid, boring, niche company on a mission. The directors are happy to let their performance speak for them - twice a year. They will not release trading 'updates' - they never have (but there are often little 'hints' on their website). They are not some blue-sky, jam-tomorrow stock which relies on continuous news releases to maintain an over-inflated valuation. The only earnings estimates available are from the one house broker who has been with them from the beginning - and he has always underestimated (to varying extents).

I've held various amounts from 30p - buying off the bored and selling to the newly excited - but have always retained a core holding as I believe the underlying earnings will continue to grow for quite a few years yet. I remain content - patience is a virtue.

[hampster] 15/12/2004 02:00

Yeah, I know

[biscuit2] 14/12/2004 22:18

I think these will start to move up straight after Christmas in the run up to results although it may appear as a tip in magazines before that possibly which would generate renewed interest.

[giovannina] 14/12/2004 22:11

when are this shares going to move ?
it's stuck and nobody seems to talk about it anymore!
Does anyone have any good news?please.
thank you.

[jwe] 08/12/2004 12:16

Because it was bigger than 6xNMS.

[gregory0106] 07/12/2004 16:51

jwe - why would your trade show as delayed??

[jwe] 30/11/2004 08:24

Just bought back into these(will show as a delayed trade)as i believe they will have a very good second half.

[2magpies] 29/11/2004 09:11

xd

Thanks for your post.

Of course, if SG is actively looking to buy, it must mean they think the prices are set to rocket. They haven't been around for 'near' 150 years for nothing !!

[abergele] 29/11/2004 00:08

It's as I said earlier.
As a collector of stamps. The prices are increasing all the time of late, and even Gibbons is having to pay more to the sellers, thereby charging more to the buyers, and the premiun is theirs.

As to what I posted earlier in the year about the government perhaps allowing pensions to invest in stamps for the future ,as the railways , etc did in art masterpieces years ago, so they may be repositioning themselves for the future also??

[xdavid] 27/11/2004 11:43

Some new news from SG website. Probably closest thing we are going to get to a trading statement...

Stanley Gibbons has £15 Million to spend on rare stamps and postal history - £12 Million of stamps wanted by our clients and £3 Million to spend to replenish our stocks. We are currently experiencing one of the heaviest demands for quality stock in our near 150 year history.

[xdavid] 26/11/2004 16:57

Unusual to see such similar NMS on each side though. Normally 5 & 15k type of divide (or 1.5k & 15k once it starts moving). Suggests to me that they are not sure which way it is going to go but don't want to be taken by surprise either way.

[gregory0106] 26/11/2004 14:20

Tried out Comdirect trade limits just now - online will only take buy order of 5K & 85.5 & sell 3750 @83, so looks as though expect price to fall further.

[popgunn] 24/11/2004 16:35

I walked past the Stanley Gibbons shop near the Strand today. It's very nicely presented isn't it, quite lovely looking from the outside. That's all I have to say :-)

[gregory0106] 24/11/2004 09:19

2mags

Yes, the weighted ma did this a couple of days ago & is still rising. Current price also appears to have been the resistance level twice & is now the support level - perhaps its time to tuck a few more away??

[2magpies] 24/11/2004 08:58

G0106

The 20day ma has just taken a peek above the 50day!!

[2magpies] 18/11/2004 09:41

Gregory0106

The 200, 50, 20 and 10 day MA are ALL moving up.

At least on the face of it that would be seen as very positive indeed. If the price stalls here (or rises), the 20 day will cross the 50 day shortly.

[gregory0106] 17/11/2004 16:46

I note that the 21 day av is still below the 50 day (one of my prefered signals) and as such may still have some room to move up and if the two line eventualy cross ma bring in more buyers.

[xdavid] 17/11/2004 13:31

Price rise was due to volume buying. This has stopped. MMs have moved price down because they expect the normal trickle of sellers to take over and MMs want to profit from it - they know the 'usual' SGI pattern. They will probably keep ticking it down until they get nervous about buyers taking advantage of them.

Another thing I have noticed about SGI prices is that the headline 'mid' price moves about but the actual buy/sell stays around the same. the spread is big enough for them to do this.

[EDIT] well, hardly a "trickle" of sellers today. Not helped by one of 15k. But still probably what the MMs expected after the big one day rise. Might open up opportunities for buyers in rest of month. But guessing the "bottom" is the difficult bit as we have seen...

[gregory0106] 17/11/2004 12:02

Price starting to fall back now - will we see it back to below 80p??

Looks like price rises were just MM's playing with us - no bid.

[tinker] 15/11/2004 16:32

maybe he meant it was nearly a rumour!

[popgunn] 15/11/2004 10:37

Was the SGI response from an American ("rumors")? Thought they were mostly Brits there.

[elmfield] 15/11/2004 07:45

let's hope we continue this week as we left last.