Like Laughton I too must declare an interest. I bought his share about 18 months ago for 32 times its current value. A year later it was worthless and today, we'll look at its past 3 month record, bound in a range between 9 and 12p. Unless you have a lot put aside to 'gamble' and can wait a few decades for a sufficient return, I'd avoid. As barnaberible says the lack of development in its coin division is odd. Most people I think can understand numismatics, rare and precious metal coins, many… Read More
Laughton - Generally I agree with your sentiments re NAV. Its an awkward one to value and you are right that you are asking the people who value the goods to value their own stock, and we can all see what could happen there.
I also agree with your point re the investment scheme, it seems an absolutely crazy idea.
However the 'gamble' on this share is can they turn it around, have they learned from their mistakes. Last interims suggest it is beginning to move in the right direction, but it… Read More
Firstly I declare an interest. I used to own this share and lost a lot of money before finally giving up, selling out and moving on to something else. So some on here will just say "he would say that, he's a sore loser".
Big difference between NEXT and SGI, the main one being that SGI values it's own stock (the bulk of its assets) and no-one really knows just how overvalued that stock might be. For example, they value stamp A at £10,000. No-one buys it but someone would buy… Read More
I am sure that the NAV quoted is the net value of stock after provisions.Most trading companies trade often on a multiple of their net asset value.I remember in 1991 Next shares were trading at just under 10p per share with a net asset value of around 25p and it was not long to they were trading at 50p.Even taking your lowest value the shares would be a strong buy as I am sure all the bad news is out of the way and can only see this share price rising strongly over the next year or so
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