The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Just thought I'd check in and see how "one of the shares of the year" was coming along. Not looking good, Pearls. Back to trolling other boards for you. Hope you haven't influenced too many people in to buying this dog. They'd have lost an awful lot of money.
All sells:
01-Apr-22 10:10:08 2.10 29,306 Sell* 2.20 2.30 615.43 O
01-Apr-22 10:09:50 2.20 10,000 Sell* 2.20 2.30 220.00 O
01-Apr-22 10:02:06 2.225 89 Sell* 2.20 2.30 1.98 O
01-Apr-22 09:19:22 2.20 37,068 Sell* 2.20 2.30 815.50 O
01-Apr-22 08:35:22 2.20 10,000 Sell* 2.20 2.30 220.00 O
- looks very week on my algo. Few days of it showing up usually indicates a fall. Maybe 1.8 on the table?
Impossible to tell whether any of the trades are buys or sells currently. I've tried doing some dummy buys and sales, and I just cannot understand it. I am actually getting quoted the SAME prices of 2.2p to buy or sell??? How odd is that?
Not sure what is going on here, but from the looks of it, nor are the marketmakers!
CGL is also selling off. Now below IPO and looks like it's on a downwards path.
Except for a few retail punters, looks like most think the Emperor's new clothes have more than a few moth holes.
With DTY's performance less than sparkling, CGL looking downward and 84% of the NFT's (Naff For Twits) going unsold then you've go to wonder if SGI's support (Phoenix) are losing the will to keep the oxygen flowing.
Still over 84% remaining (including the 49% SG is holding back!)
I'm no expert, but these fractions seem like a duff investment.
The article opens with the word...."I'm no expert" LOL
Pearls never believes there are sellers, so:
28-Mar-22 13:49:16 2.20 42,887 Sell* 2.20 2.30 943.51 O
28-Mar-22 13:06:00 2.20 20,000 Sell* 2.20 2.30 440.00 O
28-Mar-22 13:05:12 2.201 10,000 Sell* 2.20 2.30 220.10 O
28-Mar-22 10:24:32 2.201 234 Sell* 2.20 2.30 5.15 O
28-Mar-22 09:26:35 2.201 6,313 Sell* 2.20 2.30 138.95 O
28-Mar-22 08:00:08 2.20 20,000 Sell* 2.20 2.30 440.00 O
LOL
"The Times recommendation" isn't this recommendation actually from a 33 yrs old nurse, who want to to diversify his portfolio.....unless, he's got a multi 100,000 quid portfolio, putting 10k in this seems like a rookie error. None event, I'd take more guidance form the multiple sellers this morning. Still sits in my 1.8-2.2 target range.
https://www.nytimes.com/2022/03/22/technology/bitcoin-miners-environment-crypto.html
A while ago in the December update, the CEO spoke with some assurance that the Company would be moving back into the black in 2022. That should be great news to shareholders, especially given the performance of the company since 2015.
However, how is this being done? We all know the company is returning to basics, and certainly the auctions have been great, as have Coin sales via Baldwins. I believe that what is also going on behind the scenes is that Showpiece is becoming increasingly lucrative for SG.
In this context, a lot has been said on here about the 1c sale on Showpiece. I believe this is going to materialise as a clever bit of financial accounting in due course - 39.2% of the fractions are retained by SG, but I think you will find they are accounted for by a 'technical' sale to Phoenix to allow them not to be sold in the open market, thereby retaining control of the 1c asset. Doing this will contribute to SG's balance sheet materially and is presumably why the CEO was so sure the company would be in the black again this year.
I think this company is now due a bounce upwards as oncoming results confirm this, and sentiment becomes more positive towards the company. Am thoroughly expecting a number of larger purchases in the shares now.
"Google Trends suggest that this research has not led to a sustained interest in the topic"
https://www.statista.com/chart/27030/google-search-interest-in-nft/
https://en.wikipedia.org/wiki/Statista
Surely the real test will be when the secondary market arrangements come into operation ? The monetery value of any asset is only what someone else will pay for it.....a willing buyer matching a willing seller ?
So it took four days only to sell all the fractions of that coin! As for 1cMagenta- The selling might seem very slow but it’s also by far a more expensive item! All looking good.
I agree the price point was right on the coin. I bought one fraction myself for fun. I can see the 1933 penny or 1937 threepence as the next items. The BG is too expensive and an unattractive item. Maybe these will sell faster as the deadline approaches.
Carp, you have to admit it is interesting how they are now selling these fractions. I do think they should have chosen a different item as the first item to sell, it was an experiment at the time which perhaps should have been advertised for longer? The pricing of the coin at £50 a go was clearly the right choice, perhaps the stamp would have sold better at £50 a fraction as well? Would have meant 160,000 instead of 80,000 but perhaps this would have done the trick? There has been some buying of the stamp fractions in recent days to be fair.
I wonder what the next item will be? Seems a great way to build up an asset base of tremendous items all of which you retain control over, but which others have paid towards!
The coin pieces have nearly sold out, but the BG pieces not selling too well. Philately is certainly becoming less popular, coins growing in popularity.
Showpiece has started selling “shares “ in Edward VIII Penny coin. SG shares might be worth a punt …
"On Tuesday, traders offered Urals brent at a record discount of around $15 a barrel below the price of Brent - with the discount at one point hitting as much as $18.60 - and even then not finding buyers. A drop in the price of Espo, a grade of Russian crude popular in Asia, suggests refiners in Japan and South Korea are hitting pause on purchases alongside those in Europe and the U.S." ZeroHedge reported.
- I can't help wondering oil might be a place to be for hours or days, not for any longer, but we could see a horrible correction and collapse of the price?
I can quite easily see buyers, from Asia, just evaporating for stamps.
At the moment can there be many worse places to be than oil and depending of eastern consumers? Stamps really aren't any protections from inflation or volatility.
Some reports suggest that almost 70% of Russian oil can't find a buyer....
Maybe cyber security? With no signs of the crippling attack many were predicting, and even Nato saying they might consider an attack in that form as an Article 5 trigger, why not leave it to them to provide the cover and cost? After all, businesses don't buy tanks to protect themselves against T-72's.
We could get the correction of all time in stocks that some retail investors think are a one way bet.
Pearls, I have mentioned this many times before, SG cannot sell all 80,000 because they are retaining 39,200 for themselves, out of the remaining 40,800 Showpiece have sold 12,240 - on the 1st Jan they had sold 11,751, less than 500 in 2 month with the run up to the show, their new 1 Penny offering and London2022 (which as Victoria says is a 1 in 10 [12] event - and one I personally saw little to no advertising for) which is a poor show in my opinion, having spoken to a chap who used to work at SG he said the issue is, and always has been the disconnect between Staff who like Stamps and Upper Management who don’t
Victoria and Hamilton, glad to see you two around, I think you’re going to get along with the rest of us here
I should have said I am new to posting on this forum rather than new to the forum itself as I have watched for years as you maintain a heavily optimistic view of SG’s shares. I don’t even know what ARB is and am not interested to know. I am however interested in telling the truth and that is that attendance at the Show was hopelessly low. Going directly to the horse’s mouth for a view on whether things are going well will only give you one answer so your report comes as no surprise.
I see we have a spate of buying today. New shareholders, welcome to this share and this bulletin board!
Looks like interest was stoked up by SG at the Exhibition.....
Incredible how those who are 'new to this forum' are always negative, and turn out to be ex-ARB shareholders etc.
The fairly clear proof of how the show went is in today's price which is now rallying following shareholders buying the shares, looks like it went rather well for SG even if many on here, for whatever reason, wished it didn't.
I am new to this forum. I attended the Exhibition on 3 days. The attendance was very poor, massively down on that of the internationals of 2010, 2000, 1990 and 1980. That will not just be down to a reduction in the number of collectors but is also bound to reflect Covid and weather disruptions. Dealers will have been greatly disappointed by the Show which is usually such a highlight of the calendar being in 1 in 10 year event (this one 1 in 12). I can’t see SG getting any confidence at all from this event.
Well, having spoken with SG staff what emerges is that people there are pretty bullish about the future. The auctions have all gone well, they have a number of new auctions coming up all of which should do well, with some excellent material available, some of which was on show, and there's a number of new catalogues and publications now starting to come through.
What was interesting were their comments about the fractional sales. They agree these are now selling slowly so it is out there as to whether or not Showpiece will manage to sell all 80,000 fractions, but there is just two months to go until the sale of those fractions ends. The general view was that Phoenix will probably sit on the remainder of unsold fractions. Apparently it has to be two months left for the sale as after that is when the exchange is supposed to be going live.
Staff did seem positive and there was a good vibe on the SG stand.
Hamilton, I can't agree with you - on Saturday it was as busy as I remembered it pre COVID, perhaps you attended at the end of the day when you went?
As I've pointed out before, the whole thing very much seems to operate as a trade environment, where the dealers are basically all meeting up and trading with each other; I really do not know if these big shows are even aimed at the public, or if they are, it is at the foreign collecting public, a proportion of whom presumably follow these larger shows around the world.