Certainly will do. I see Claire Spottiswoode is on board, she is also a non-exec chairman in one of my other stocks Flow which has done very well for me this year. I hope you did not buy into HUR, which has dropped somewhat since, like many other oil stocks. For that reason I am no longer going to suggest any stocks, however good they maybe.
RE: RE: I'm in for more
Well you got me a little concerned here, when you considered bailing altogether! SGI is a solid well run company but the AIM market is more unpredictable than ever at the moment. However I am looking to top up further. The SP has bounced from the 245p weak support level. 235p is a much stronger support level and I have set a stop loss at just below that level.
Mallett buyout deadline
3rd Nov is deadline for SGI buyout offer for Mallett Plc at about £8.6m. Mallett have prestigious premises in London & NY. SGI continue to work the plan.
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.
24 Oct '14
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.
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