Stanley Gibbons Share Discussion Threads

[cockneyrebel] 12/1/2005 12:11

SG not affected by retail slowdown imo.

ASC and IDS - not high street retailers and they are flying.

The internet is now creaming the last 2% off the high street retailers that used to make a good Christmas a great Christmas.

Alternative investments are in strong demand too, in the face of low stockmarkets and poor property price growth.

A nice clear breakout today, very bullish imo.

CR

[mad4it] 12/1/2005 11:59

Through resistance and looking good.

[pylewell] 12/1/2005 11:50

CR. I note your caution on the retail sector. However I feel one of the attractions of SG is their concentration on stamps for investment. This hopefully should make up for any diminution of retail sales.

[cockneyrebel] 12/1/2005 11:44

Will do, but leaving the retail sector alone for a bit.

CR

[elmfield] 12/1/2005 11:00

cr,
let me know when or if you top up woc,
thanks

[cockneyrebel] 12/1/2005 10:55

Going nice and setting itself up for one of those runs imo.

Seems a little advanced of the results so perhaps a nice trading statement coming.

CR

[ukhawk] 12/1/2005 10:23

Actually 8.5p, there's inflation for you !

[johnrxx99] 12/1/2005 10:21

10p Divi? I must ahve missed that. Could you remind me please Cambium.

[cambium] 12/1/2005 09:56

Dont forget the 10p Divi too that we all received CR

[cockneyrebel] 12/1/2005 09:41

just going over the November high - should re-visit that 106p then with a bit of like - quite soon I hope

CR

[elmfield] 12/1/2005 09:04

i will settle for a couple of ticks each day,

[biscuit2] 12/1/2005 08:25

Kael,

Indeed it is! Just little ticks up at the moment.

[kael] 12/1/2005 08:24

Give it time... You can deal within the spread. When SGI really gets going, its a thing of beauty!

[gregory0106] 12/1/2005 08:21

Offer prices risen to 92 restoring the mm's prefered margin of 5p - need bid price to catch up again now before next price rise i think.

[xdavid] 11/1/2005 16:18

There was a small mention in Seymour Pierce's report after the interims about their long term plans for expanding into further collectibles areas and using their brand name to 'leverage' this. The coins & autographs are just the start of this and I do like what they have done to both - definitely re-aligning them to serve the quality, high value end of the market - as befits and reinforces the Stanley Gibbons brand. I think they'll get these two sidelines moulded just right before turning the model onto other areas.

I totally agree regarding growth but it may take another year of same to further demonstrate to the market.

[kael] 11/1/2005 13:43

The growth that they have maintained for the past two years is enviable:

02 - 1.96 EPS up 73%
03 - 3.5p EPS up 79%

If we include the broker forecast of 5.4p for 04 that makes another EPS growth of around 55%.

3 years of astounding growth, great management and a great niche sector and as you said all for a PE of 13!

Seymour has 05 EPS to grow at 20%, which imo, is off the mark and likely to be revised up in March.

Atm they are growing EPS more than enough internally, but there has always been talk surrounding acquisitions. I personally favour SGI being acquired itself in the future. But the longer they keep the predators away the better imo!

[xdavid] 11/1/2005 13:26

Kael, I agree with you on the divi front - they now have something to spend their cash on, both for benefit of institutions and remaining sizeable director holdings. Although it also looks like it is costing them more to replenish their stocks.

However, I'm being my usual cautious self on earnings. My own analysis of interims showed that although turnover was ahead of Seymour Pierce estimates, the higher costs and reduced margins acted against any similar big benefit to the bottom line. I think they will meet the 5.4p (the director's are too good to miss it - if you get my drift) but I'm not sure it will be sizeably over (5.6p if i had to pick something). However, I'm more interested in their ongoing strategy for world domination :-) and signs that nothing is stalling on the ongoing growth. If good confirmation for continued growth is there, then another re-rating might take place - we're currently on 2005 PE 13.

[kael] 11/1/2005 13:01

EPS will be well up on the year, imo. While Don expects 7p (85% inrcrease, 30% above expectations) , I find 6p is a more reasonable target which is 10% above expectations (5.4p). The divi growth is imp. institutions are onboard and I'm sure SGI wont fail them.

Chart looks great, the consolidation over the past year, supported through institutional buying should lead to confident breakout over the 105p high set just before the divi was payed.

[tinker] 11/1/2005 12:50

Annual Report last year was on 26 Feb, so they don't hang about.

[cockneyrebel] 11/1/2005 09:59

Up again on a 27K buy.

Year end is over so could be a trading statement soon imo.

CR

[gregory0106] 06/1/2005 15:41

Bid price creaping up from veiw of recent sells.

[cockneyrebel] 06/1/2005 13:37

I topped up yesterday - these look very cheap still - through 90p and we are off to revesit that 105p level from the end of July imo.

CR

[don carter] 06/1/2005 13:30

Also topped up at 87p today. Looking for 112p. Expecting more than 5.3 eps this year; nearer to 7p as several on this BB have predicted.