Stanley Gibbons Takeover Rumours (SGI)

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Stanley Gibbons Takeover Price

Stanley Gibbons Takeover Forum Posts

SS or anyone! Doesn't the current price get divided by .42 from now on giving 2.31 as the current new price once the new shares are issued? Less debt but more shares. I am quite capable of getting these things completely wrong though!!! Jasdan this is a lifesaving injection not a share premium takeover like ARM. You are not thinking straight!
Restructured at 2.5p - End of story !! All still holding badly burnt - Takeover in all but name for 2.5p.
Itcm1, also, with a current net cap of only £6.5m at the current 3.5p share price, the stock is worth considerably more than in the accounts. As per the accounts, total assets = £41.8m even equity shareholders funds should be £8.35m! Current liabilities are only £28.8m because we are still reporting the Marketplace / Interiors / Guernsey liabilities in these results. Once they drop out at the next results, you are left with largely unencumbered total assets. There will have to either be a sharp correction by then in the share price, or we will definitely face a takeover. Frankly, the situation is so obvious I cannot understand why so many on here are set in the mindset that SG is due to collapse etc etc. They are clearly badly wrong - perhaps they are the unhappy ex-members of staff / holders of the Guernsey investment plans?
ALS: Jasdan has been told this many many many times - but he seems to be blind to facts - I know you are doing your best to help him save the last of his funds (unless he is just a wind up merchant - which I am starting to suspect) so may I suggest you stop wasting your time and giving him further opportunities to wind you up. Declaration - As advised above I was able to exit at approx 12p on the first rumours of a takeover - which then subsequently did not complete - Message received was that position was far far worse than suspected and I have seen nothing to change my mind - Best wishes for a profitable New Year but getting far harder to find potential recovery companies - too many punters chasing hopeless rubbish (imo)
I hear that a very positive update is [for once] coming through on 29th. About time, although like many on here, I won't believe it until I see it. Still, it would make a nice change. Perhaps this is where Gibbons will at last advise that they have turned that corner that they keep on alluding to. Also, perhaps confirmation of progress on a new or renewed banking facility? And also, confirmation that debt is now coming down and is expected to fall much faster now that Guernsey has been successfully put into administration. If there is stable trading, the only problem then arising is that Gibbons' independence is going to be limited as I reckon we will get takeover offers early next year. It will be shame - but hopefully management will extract a good price. Anyone who can tie up an administration so efficiently can certainly get a good offer out of bidders.
jasdan /pre .. your not getting it !. The share price is still going DOWN !... They sold nothing in the for sale process . In fact they completly forgot to mention the fact, they told everyone in the results, that one or more bidders were interested in parts of the company ??. The bankrupting of the subsidiary means nothing but a loss of 12 million stock for no return !.. Its a takeover alright at about a penny per share, no more than that . They are still going too have to service the huge debt but from what will be a very smaller company . That could be crippling . They again reminded people in the update that sales are slow in investment grade stock . That was your clue to their next profit warning. I said I thought it would go below 5p. Im in for the gamble at between 1p and 3 p .
sitting takeover target now imo...liabilities relinquished as no longer need to support subsidiary...cashflow will benefit too imo, dyor:-)
Without the liabilities, this must be a takeover target? Perhaps now the directors can buy some stock - the company is no longer in a closed period? I note that wageroll is down sharply, that the coin business is doing well, and that the stamps remain subdued because of the previous working capital constraints. This must change going forward so it is surprising to see anyone selling out. On the contrary, this must be a target. Several times SGI comment that the relationship with their bank is constructive - this is positive as well
after all this wait, we're now into the final week... We should get results and hopefully, news of any takeover, whether successful or not...
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