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SGI Stanley Gibbons Group Plc

1.60
0.00 (0.00%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Stanley Gibbons Group Plc LSE:SGI London Ordinary Share GB0009628438 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.60 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
1.50 1.70
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.60 GBX

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Stanley Gibbons Forums and Chat

Date Time Title Posts
08/8/202215:32Stanley Gibbons - a lifetime investment?4,892
17/8/202117:48STAnley Gibbons (SGI) bullish AGM6
03/6/202011:56Stanley Gibbons2,598
03/10/201709:47Reduction of debt-
19/9/201716:46Stanley Gibbons - now too cheap-

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Posted at 22/7/2022 09:22 by adrian j boris
PROACTIVE


Jai Singh

10:05 Fri 22 Jul 2022
Stanley Gibbons jumps as it plans to de-list

A look at the major share moves on the London market on Friday
Stanley Gibbons -

Stanley Gibbons (AIM:SGI) Group PLC jumped 3% to 1.5p after telling investors it plans to delist from the AIM list.

It has been asked to do so by Phoenix Asset Management Partners, on behalf of the company’s biggest investor, Phoenix SG, which owns 58% of the philatelic, coins and medals specialist.

It is seen as cost-effective to exit the market, a move it hopes will also help stem the “negative operational influences on the business”.

A process will be put in place that allows investors who do not want to hold unlisted stock in Stanlet Gibbons to sell their shares.

Mirriad Advertising nosedived 37% to 9.1p after announcing it expects to generate £2mln in revenue in 2022 as it moves away from the Chinese market.

The digital advertising company plans to double down on the US market, where turnover grew 57% in the first half of the year, and away from China following the country's stringent Covid-19 lockdowns.

"Mirriad is extending its lead in the in-content advertising market with an augmented focus and position in North America," said Stephan Beringer, chief executive of Mirriad.
Posted at 27/5/2022 09:14 by ochs
The statement on 19 April seemed fine and fairly positive, so the share price decline since is a bit surprising.

I wonder if there's a risk of de-listing with Phoenix already owning so much? You'd hope they'd do the decent thing and buy out what they don't already own rather than de-list. I'm pondering this one - tempted to buy more on basis of 19 April statement, but I'm also wondering if something else is going on behind the scenes?
Posted at 22/4/2022 08:55 by jasdan
Clohn, you're right about point 1, but I think point 2 is being dealt with by the recent £1.3m mentioned in the RNS. However, as regards your third point, I believe the company is no longer loss making. That is a material change, reflecting the strong management decisions that have been made in recent years as the business has been transformed - this should be confirmed when they publish the full year results in June / July.
This is a complex business going through a fundamental transformation and it is worth your while, as a potential new investor, in studying the RNS statements issued by the Company since 2016, especially those related to Phoenix coming in and buying 58% of the company, putting the Guernsey side into administration, and putting the Manhattan operation into administration.

Whilst it is heavily indebted, its cost base is small compared to a few years ago - in due course this will lead to a dramatic turnaround in their debt.

The company was trading at over £3 a share a few years ago before it crashed. The share price now is under 2p which seems impossible, indeed any other company would no longer be trading in such circumstances, but that is exactly the point here. The situation here is unique, the company has been able to trade through an unbelievably tough period, and the future should be rosier. The share price however has not caught up with the situation - indeed it is as though the company still has financial problems. However, ask yourself - what financial issues does the company really have when its main shareholder provides such soft banking facilities?
Posted at 07/4/2022 10:00 by jasdan
I suspect fractional collecting is going to be massive but looking at the current share price, it is clearly being ignored by the market.
You are right - once you buy a fraction it belongs to you and you would therefore have ownership of an asset that has a value that you could sell later on.
You are also right about inflation. Classically, stamps and antiques in general are asset classes that hold their value against inflation, again this is completely ignored by the share price.
Posted at 04/4/2022 18:27 by superiorshares
Jasdana my luv .
Sgi are selling it for phoenix for a small commission.
Meanwhile the share price drops .
Posted at 02/4/2022 20:14 by creme de menthe
Jasdan, you really are spouting complete rubbish again. SGI acquired the BG stamp with a $8.3m interest free loan from Phoenix. Kindly explain why they are not liable for this debt?
Also SGI have sold 15.8% of the Shares on the BG stamp, or approximately 12,600 shares, most of those at the discounted price of £90. Remember SG are keeping 49% for themselves. By my reckoning, SGI have managed to get back roughly £1.2m so their liability is still in the region of £5m. They need to sell an awful lot more fractions to cover it.
I think the jury is still out on this one but to say SG has no liability is nonsense.
Posted at 23/3/2022 21:48 by creme de menthe
I think you must have forgotten the debts in your calculations.

SGI is bust and has been given loans by Phoenix to keep it going. Phoenix gets a nice slice of interest on the deal. That's why share price is 2p. SGI will be servicing huge loans for many years to come....if phoenix keeps them afloat.
Posted at 17/2/2022 06:47 by superiorshares
Bobex
Take this advice if you are wise.?
Do not listen to Jasdan . If you trawl back through these posts on here for about 5 years , you will see myself and Jasdan . The Luv has never been right about anything !!!!
For example the latest waffle .
Phoenix providing support to SGI , to buy the 1c.
They didn't..Phoenix owns the 1c
Phoenix put money into SGI to stop it going bankrupt. If you scroll back to those days. Jasdans post will maintain that Phoenix bought SGI debt of the banks for the full amount 10.5 million, I think it was ?
The reality Phoenix provably paid the banks 5p in the pound for the debt. Which the banks had given up on SGI as a lost cause.
Phoenix directly owns a lot of SGI high end stock. Check out the Jersey affair .
Phoenix has a hold on everything that is left in SGI . So you should listen too ALS a bit more I reckon .

Ps . From Jasdans past posts . You will note . The Luv has been buying in from about 20p all the way down !!. Telling everyone to follow 😀

Bobex beware JASDANA.. The Bernie Madoff of SGI
Posted at 11/11/2021 15:43 by wapit
A punt, well if you like a gamble then join the club as I've punted & now own 10 pieces+. If this does take off then they will do it for other rarer stamps which will in turn benefit the SGI share price.Others will agree or disagree but I'll see how it pans out over the next 12 months. 49,132 now sold.Now
Posted at 27/7/2021 15:12 by jasdan
If this doesn't help SG increase their sales then I don't know what they have to do! Added to this, people are now returning to London and the big shows such as Stampex are on again, in person.

This is going to be one major recovery story, I reckon SG's turnover is going to explode this year. In fact their biggest problem is likely to be acquiring enough stock to satisfy the extra demand.

There also seem to be a lot of new collectors getting into the hobby. I suppose during lockdown people took up new hobbies or looked again at childhood hobbies. Either way, the auctions are now regularly sell outs, there are multiple bids per lot, and clearly a lot of interest in the hobby.
For us as shareholders, I hope this translates into a meaningful rise in the share price. At some stage the penny is going to drop in the investment community, when it does the share price could rise by multiples of the current price.
I think SG is in reality probably a £100m company, it is not apparent from the current share price, but it clearly has that sort of backing from its main investor, and embarks on a style of operation you would expect from a much larger company. In due course reality will catch up, and it will then be priced more correctly. As ever the market tends to overdo pricing, and when things were bad, it oversold and underpriced the shares. The current price frankly assumes SG will be going bust, which is not the case.
Expect the share price to explode upwards in due course.
Stanley Gibbons share price data is direct from the London Stock Exchange

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