The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Thank you for that, you've shared so much info. ;)
I don't disagree with you about the the greater potential in other places. What ever you play at, enjoy it.
It's been fun. Alas, I've only built up businesses, exited and retired early and spent the last, almost 2 now, decades as a full time private investor. I've never worked for one of the big 4, but have hired them more than a few times. I only reached working in the square mile for private equity. If I ever need an accountant again, I'll send you that PM LOL
Devonplay - very kind of you to spend time writing such comprehensive explanations. Sorry, but it was all a bit of a waste of time, as I hold no SGI shares, never have done, and have no intention of investing in SGI now, either in shares, stamps, bitcoins, or anything else.
I came to this board with the view to gather information on possible investment, but soon realised that it confirmed my thoughts, already gained from more reliable sources of research, including my broker, that there are much better companies to consider. So I will not be needing to visit this particular forum or post here again.
(And I actually don't "play" at investing. I am a qualified accountant who has worked with one of the larger national firms,
and for a time with H M Revenue & Customs. Myy net investment profits in the last 12 months, despite COVID, stand at just over £320,000. )
GLA.
You’re sounding rattled again. Thank’s for the offer. I’ll try and make this nice and simple for you. :)
In 2013 a report was published, and then picked up by the Guardian ( a newspaper) that said the average age of a stamp collector was mid 60’s. Almost a decade ago (10 years), so it’s likely that today the average age of a stamp collector is mid 70’s today. Please let me know if that’s too complex.
That could be a headwind ( a problem) as there’s no evidence that a large number of people are taking up stamp collecting. You could say that SGI’s customers are getting older than Methuselah’s grandpa (he was a character in the Bible). That has ramifications ( you can look up that yourself) both for SGI and the supply and demand of stamps but in simple terms as people age ,and die, as collectors they aren’t getting replaced and their collections are becoming available. That could lead to over supply. Do I need to explain the laws of supply and demand?
So now we turn our attention to the NFT - I’m a bit worried about this bit.
So there’s a thing called Google ranking, it basically indicates how many times people have searched for a combination of words. “Stamps” and “Stanley Gibbons” is high in the ranking. You understand so far I hope? It’s searched on the internet. But searches for “NFT” and “www.1c-magenta.com” aren’t ranking. No one is searching for that combination. Now, this requires some thinking about, but luckily you know a consultant psychiatrist, maybe ask for a little help, as you try to consider the implication of not attracting eyeballs (attention) when launching a new product and the impact of a declining established customer base.
The average well heeled Cosyfeeter (a brand of footwear broadly catering for older consumers) spent around £120 a month ( in 2013) on stamp collecting, a figure dwarfed by their other discretionary spending habits. I’m worried this is all too much for you. So, if you wanted to play investing in a demographic trend, there are many better ways than SGI.
So, there’s no evidence that they are attracting younger customers, their last report talked about difficult trading conditions and “ranking” suggests little broad interest in the NFT proposition. As well as the additional stamps that will be becoming available in the near future, suppressing valuations and the natural decline in their consumer base.
Oh, I almost forgot. Wall Street is a place in America. Long associated with finance. It’s quote from Gordon Gekko ( a character originally from a film) ;) I hope that helps you keep up? LOL
Devonplay - you have completely lost the plot now ! What the **** are you talking about ? (My father-in-law is a consultant psychiatrist......he treats private patients, so just PM me if you would like to arrange a consultation ? )
Racingcyclist, the results should be issued on Friday, but they have occasionally issued them early, so it could be anytime now onwards. As regards their results, they are for the year ending 31st March 2021 so as that was in the midst of the lockdown, it is their forward looking statement that is likely to be much more relevant. Since April for example, they have held some record breaking auctions, bought the rarest stamp in the world, reopened their London store, and begun work on NFT's. I am hoping that debt is under control, or even falling, that trading is swinging back into the black, although it may not be quite there yet [by end March 2021], and that the company looks forward to 2021 with new hope and optimism.
"Misanthrope" LOL
You know what they say on Wall St? If you want a friend get a dog LOL
Or if you want to spot a Stanley Gibbons shopper, see if they are wearing shoes from Cosyfeet hahaha.
I'm guessing no one is doubting with the general comment, that if the average age of stamp collectors in 2013, source the Guardian, was mid 60's then today it must be mid 70's as there's no evidence that the post boomer gen. is rushing to take up the hobby in their dotage.
You can always tell when they've lost the plot, they start name calling...it would be a dream if you could short SGI in any significant way. "Shorter " the usual thing they call you round 'ere. Hahaha
That's why the search stats. (google rankings) might be important, or lack of ranking, otherwise demographics is a very strong head wind...and not just for the toupees. ;)
I believe Pearls prediction for 2020/21 was revised down from £21 to £10m. Could quite easily be a £m loss , more if you include the loan default. It's a enough to make you quake in your support stockings ;)
thanks for the reminder Pearls, when are you expecting them exactly and what are you hoping to see?
Phew, thanks for the warning. Time to get out whilst you still can. Huge drops coming.
Annual results due this week.
www.1c-magenta.com
Wonder why Devonplay is such a Misanthrope ? He/she seems to enjoy venting his/her hatred on the whole of humankind, even when they are agreeing with his/her points of view ? (As he/she would say.....LOL. )
Given the average age of a stamp collector in 2013 was mid 60's wouldn't it be better to describe them as velcro strapped. If not their shoes, some other support function, rather than well heeled?
I'm sure a limited crop of new mid 60's gets added on a diminishing basis, but as time has gone by can we now conclude the average age of a stamp collector is mid 70's?
Strange, last year you said it was young people flocking to the hobby and when that didn't happen it was the UK Chinese population, something less than 0.3% of the UK population if my memory serves me well, and now it's well velcrosed oldies skipping down the Strand...
I'm getting the whiff of desperation, maybe wanting to encourage other before the results so you can bailout? ;)
Don't push, you know how over 70's hate a crush. LOL
Got to be a major pull for the more well heeled / tourists out there.
London is recovering and as more people return, shops on the Strand and surrounding areas must benefit.