Dave, knowing yr keen on oil & gas, you may want to look at Enquest ENQ, & my comment.
Boom in alternative assets
FT today has 2 pg article on demand from China & uncertainty of stock markets has led to boom in alternative assets such as art, fine wine, stamps, coins & classic cars. SGI are reported as "the dominant company in philately, runs various stamp investment plans ... effectively a portfolio management service, the company's experts acquire & store stamps on investor's behalf & share in profit when sold. The company is expanding to become a diversified dealer in collectables". The Knight Frank Luxury Investment Index tracks performance of a theoretical basket of selected collectable asset classes using 3rd party indices & has beat the FTSE 100 performance since 2009 by 100%. Interim results could be very promising.
RE: I'm in for more
Makes up for missing out on AUE... Their half year report should be out soon. Also settlement of the £4m sale of premises is due early November.
RE: I'm in for more
Wow! the market must have taken on board your large buy yesterday! Good timing !!
I'm in for more
Hi Dave & welcome aboard for I hope a fun ride. I just can't believe a well run cash rich company like SGI with a good corporate plan should have such a low SP. Gone with the gut & doubled up my holding just now, which is completely at odds with BritishBulls stay in cash recommendation.
SP has dropped in 3 months from 318 to 247 & 6 months ago it was over 380. I'm no chartist but for a couple of months have looked at Britishbulls website who reckon the bears have full control of SGI which is why I've not been tempted to avge down, together with being cautious on how good their recommendations are. But wish I'd taken note of their advice to sell.
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