Stanley Gibbons Share Price (SGI)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Stanley Gibbons Group	LSE:SGI	London	Ordinary Share	GB0009628438	ORD 1P

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	+0.00p	+0.00%	4.25p	0	08:00:00

Bid Price		Offer Price	High Price	Low Price	Open Price
4.00p		4.50p	4.25p	4.25p	4.25p

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
General Financial	42.46	-30.16	-16.10		7.6

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Stanley Gibbons (SGI) Latest News

Stanley Gibbons News

Date	Time	Source	Headline
04/6/2018	11:12	ALNC	Stanley Gibbons Moves Non-Exec Graham Shircore To Chief Executive
04/6/2018	08:08	ALNCF	Alliance News Flash Headline
04/6/2018	07:00	UKREG	Stanley Gibbons Group PLC Board change
30/4/2018	16:46	UKREG	Stanley Gibbons Group PLC Holding(s) in Company
30/4/2018	16:46	UKREG	Stanley Gibbons Group PLC Holding(s) in Company
30/4/2018	16:46	UKREG	Stanley Gibbons Group PLC Holding(s) in Company
30/4/2018	16:45	UKREG	Stanley Gibbons Group PLC Transfer of Shares
26/4/2018	11:00	UKREG	Stanley Gibbons Group PLC Holding(s) in Company
04/4/2018	18:00	UKREG	Stanley Gibbons Group PLC Director/PDMR Shareholding
03/4/2018	15:52	UKREG	Stanley Gibbons Group PLC Grant of Options

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Stanley Gibbons Forums and Chat

Date	Time	Title	Posts
11/8/2018	16:51	Stanley Gibbons - a lifetime investment?	3,561
03/10/2017	10:47	Reduction of debt	-
19/9/2017	17:46	Stanley Gibbons - now too cheap	-
26/2/2016	09:51	* Stanley Gibbons *	2
09/8/2013	11:12	Stanley Gibbons	2,596

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Stanley Gibbons (SGI) Top Chat Posts

Date	Subject
17/8/2018 09:20	Stanley Gibbons Daily Update: Stanley Gibbons Group is listed in the General Financial sector of the London Stock Exchange with ticker SGI. The last closing price for Stanley Gibbons was 4.25p. Stanley Gibbons Group has a 4 week average price of 3.85p and a 12 week average price of 3.60p. The 1 year high share price is 10p while the 1 year low share price is currently 2.88p. There are currently 178,916,643 shares in issue and the average daily traded volume is 126,117 shares. The market capitalisation of Stanley Gibbons Group is £7,603,957.33. Read Full Thread Reply
29/3/2018 11:16	jasdan: I'd also point out that what everyone seems to be missing is that back in 2014 when the price was £3+, how different really was that entity compared to now? The market valued it at that price because of earnings expectations which in turn led to valuation expectations. The current price of SGI still is less than the price that was paid for Baldwins etc, so I cannot see how it can yet be a correct valuation for the entire group. That is not to say that SGI overpaid or not for Baldwins and Murray Payne, for example, but these entities do have a value. Now that all the liabilities are gone, and let's face it, there were loads of them, things must improve sharply. Marketplace, Interiors, Guernsey, etc, were all enormous drags on the share price for obvious reasons. They are all gone, liabilities are accounted for, and it looks to me like SG is moving back into the black. It's true there is still a £10m debt level but that is not needing to be repaid for five years, and under the soft terms of the Phoenix deal, they will even lend SGI £5m at no interest rate if required, which should mean even the compound interest in five years time is not such an issue. I would imagine SGI will make attempts to lower its debt in the meantime, but the future now looks a lot more rosy for shareholders than it did before. The only question is how long it will now take the market to wake up and see what is happening here, but early signs of buying already look positive to me. I guess we will see the stock moving up to one pricing layer at a time, my own guess is that 7p - 9p level is on the horizon, followed by a move into the 10p - 18p range later on this year, followed hopefully by a push up into the 20p + area towards the end of the year after the full year results are issued. Those who are critical of this should remember that it is much easier for a share to increase in price the higher it goes up - for example, if the price is 4p, then going up to 5p is normally a big deal. It is a lot less of a deal for the same share price to go from say 20p to 21p. Read Full Thread Follow Reply
19/3/2018 10:01	jasdan: Superior, I really feel sorry for you on this one. Talk about having a chip on your shoulder. You really wanted SG to fail, now it will not only survive, but prosper. I think Phoenix will be a good fit for SGI, this will become obvious as the share price rises. We are ex-rights this morning but there is no difference in the share price, as some of us correctly guessed. The new shares only create dilution if they are available to buy. None are since Phoenix will not be selling any. So, there is a dilution the other way round only - i.e. when dividends are payable. Superior, go back to school. Phoenix are not doing this deal to earn a profit out of loaning SG £10m!!! You make me laugh with these moronic comments. They are in it for the growth in the share price, just like us. Read Full Thread Follow Reply
15/3/2018 11:33	jasdan: Augustus, you are not right on this as Phoenix is buying the debt off of RBS. Under the deal, as you may recall, SGI had a fixed loan and a revolving facility. Both were with RBS. The £10m loan has been bought by Phoenix at face value. That does not mean then that this £10m loan is only costing Phoenix £4m. Like anyone, they have a cost to their capital, and whilst SGI now has to repay Phoenix in place of RBS, Phoenix on the other hand has a £10m debt on its books as it has paid £10m for the loan, but is only receiving any sort of return in five years. I know the debt is priced at 5% but these are not the worst terms for SGI. As regards the other £7m RBS loan, here it is not clear how much RBS received for the £7m, but it is clear that Phoenix have taken a haircut and agreed to accept only £2.75m for it, by way of assigned £1 shares. For SGI this part of their debt has been a win win position as they have effectively had the £7m debt written off without a debt replacement as part of the deal. The point is that what it has cost RBS to do this is one thing, and what it has cost Phoenix, is another. The haircut seems to have been on Phoenix's shoulders. The share price does not reflect any of this, and currently values SGI at just over £7m which seems incredible given the write off of £7m of debt, and the issuance of £6.2m new shares. Surely the market is not saying that the rest of the group is only worth £0.8m? Read Full Thread Follow Reply
12/3/2018 19:41	dsct: jasdan, If Phoenix sell any meaningful part of their holding, it will have a pull-back on the share price until their overhang has cleared, unless they can do a large transfer to another (investment?) company, but even then it would most probably be at a discount to whatever the current share price is. They DID NOT invest £19.45m in SGI, as has been mentioned on numerous occasions. If they can/could/would sell their £6.2m shareholding in SGI for more than they paid, then they'd still be owed the £10m loan plus interest for the next 5 years. Let alone what they've already made by buying the £10m loan from RBS at a discounted rate. If an individual person runs out of money before payday, and asks the bank for a loan, it's not classed as the bank investing in them ! :o) I can't see SGI's cashflow being such over the next two years, that they'd be able to repay/reduce much (or any) of their debt(s). As an exercise, what do you imagine the next P&L and/or Balance sheet to look like ? If you post your calculations, I will do likewise and we can discuss the differences (if there are any). Read Full Thread Follow Reply
24/2/2018 09:13	jasdan: The third thing one realises is that this is Phoenix's valuation of SG at this point in the cycle, but I am sure that everyone agrees that valuing SG now when it is on its knees is hardly going to make for great accuracy. Equally, the deal is messy in that it is over complex and involves getting rid of the RBS loan facility and replacing it with what exactly? As I read through the RNS, it is clear that the alternative is very soft for SG but there remains a technical £10m debt plus interest somewhere within the group. How does one value this? In the same way, currently, the share price of 5.35p values SG as being worth £10m by the market, but we know that also includes the RBS 17m loan, the £6.5m owed by Guernsey etc, yet the value is still £10m When this deal goes through, the company's debt will be much lower, in fact it could be cancelled by Phoenix since it is now their choice, and no doubt if they want to sell it, they will cancel it, especially if it so increases the share price at that time. Is it worth one day £10m and the next £33.48m? If so, current shareholders should be looking at a good rise in their share price especially in such an illiquidly traded stock. Clearly one to buy at the moment based on the above. Read Full Thread Follow Reply
24/2/2018 09:05	jasdan: Have had time now to really go through the proposed deal, and I must admit I made an error. I was right in that if Phoenix are spending £19.45m to buy 58.09% of the shares, this equates to 100% = £33.48m as an assumed value for the whole group. Where I was wrong was firstly the share price this assumes. I had previously said this was equal to 18.75p because when the company's share price was 5.6p, the market cap was £10m. The error? My apologies but I 'overlooked' the dilution created by 248m new shares, so making 427m in total. Therefore, since there are currently 179m shares, the 18.75p converts to: 18.75 x 179/427 = 7.86p Therefore, that is why the price is rising, because actually at 5.35p there is still an immediate 50% upside. I mentioned 'firstly' above. There is a second issue that I realised when looking at this more closely. We all of course assume there is going to be a dilution, but that in turn assumes Phoenix wishes to sell. I don't think they operate like that. If we then assume they take up their 58.09% stake and don't sell, the only thing that happens for everyone else is their stakes get theoretically diluted as above, so our current two main shareholders who own 38% end up with 15.93% of the whole shares, [or 38% of the remaining shares], depending on how you look at it. I cannot see any gain for Phoenix in swamping the market with these shares, logically, after spending £19.45m they are not going to sell out before they have made a nice profit. In turn, I cannot see Lombard Odier selling out at a loss when such a major new shareholder has entered the ring. So, 58.09% + 15.93% = 74.02% meaning there will be few shares around afterwards so this will be a very illiquidly traded stock and there could now be some sharp rises. Read Full Thread Follow Reply
10/1/2018 13:47	jasdan: It seems that many of you on here are labouring under a common misconception: you believe there must be a massive dilution of current shareholders to raise £5m because of the current share price. There is no rule at all that a rights issue has to be at a discount to the current share price. Perhaps the clue is in the amount of stock currently available: there are 179m shares, but 40% are owned by two institutional investors and they have Board representation. So only 60% are available in the free market. If you wanted to buy any decent amount of these shares, you would end up increasing the price. In the recent AGM, a resolution was passed [special business, item 10] allowing up to 25% additional stock to be issued without a general rights issue = 44.5m shares. If £5m is provided via this route, it will equate to a share price of 11.24p each - a premium to the current share price. Yes, you are all shouting, but why would they pay more than the current market price? Because once the banking facility is sorted out simultaneously, and the £5m provided, there is no way that the current share price will be just 4p. the 40% shareholders want a return on their investment, this is it, but they equally do not want to particularly dilute their own holdings. Therefore, they provide the bulk of the £5m, existing shareholders do not get a look in, but can't complain as the share price rapidly moves up to 15p - 25p range. And in reality, if a major II wanted to purchase the same amount now, equal to the amount they are providing to the rights, the price would probably not be that far off. It is impossible to get a pricing on the price to buy 25% of SGI, but clearly, you would pay a substantial premium to 4p. That is what appears to be going on, as bourne out by the Outlook in the recent statement. Read Full Thread Follow Reply
07/11/2017 17:13	jasdan: Frankly, the company is not being valued properly by the market, and this is the problem that I have been highlighting in previous threads on here. The current share price frankly indicates the company is going to go bust and would have been an inconceivable share price in 2014. But actually, all it represents is a company that is completely oversold, with no analysts backing it or covering it. As an AIM stock, once it breached its banking covenants it could not really be covered by any financial institution, and therefore the current share price is just what small investors have chased it down to. Therefore we can get a relatively large % change through very little turnover, and in the event of a positive update on the FSP, the price will probably rapidly recover to 25p - 50p range. That sounds ridiculous now, but then again, a 7p price sounded ridiculous in 2014. Chuck in a few bid rumours, a complete cutting in debt, a halving in the payroll count, and a more liquid company once the FSP is concluded, and you will have a dramatically changing share price. Believe me, you'll thank me when the price jumps. Read Full Thread Follow Reply
31/10/2017 21:46	jasdan: The rough reason for it is that with the recent loss of £30m against the stock of £40m gives a £10m balance so the current share price is a bit over that reflecting anticipation of paying off of debt in due course. This is a very simplistic view of the valuation, but even so, you can see how incorrect it is and how, if SGI does proceed to swiftly pay down debt, as it is indicating it will do, the share price not only is far too low, but must be sharply corrected upwards. The point is that there isn't a lot of info coming out, and no real timescale as to when debt will be sharply reduced by. All everyone is fixated over is the banking facility that ends at the end of May next year. But by then, they may not need such a facility, and the loan they also have may be paid off / largely paid off. As debt is reduced, this should be a win win situation for SGI, but they need now to sell off something else to increase liquidity because things will otherwise be tight. However, as commented before, they will be trading within the facility until end of May. I just do not see why the shares are still priced so low. We must be at / approaching the point where things turn round for SGI, it is just that no-one else is saying this, and SGI are not making many comments either which hardly assists things. As ever, it is about sentiment, this is due to sharply change. Read Full Thread Follow Reply
04/10/2017 19:22	superiorshares: agreed njb67 . all that information that used to be purchased via encyclopaedia Britannica then became available on the internet hence its demise . you cant take a rare stamp and say look .. ive made another one . I still think sgi share price may fall further ?. and as a brand its too big, far from it , I just thinks its iconic and unique. Time will tell and I don't think people will have to wait too long to find out. Read Full Thread Follow Reply

Stanley Gibbons share price data is direct from the London Stock Exchange

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