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Chiefstamper, I think very few collectors go and buy 1970’s UK material from SG! They are instead known for rarities and the finest of material. I have bought a range of really excellent items in their December sale as an example. None of the items were likely to come up on eBay, and even if they had, who could trust whoever was listing them not to be selling fakes etc?
The better the item the more important it is to buy from a proper dealer who is selling the authentic item.
Most of S.G.s items are over £100, that then is the market they are aiming for, not 1970’s UK material. In fact they are openly biasing nowadays towards India and Indian States material.
Top losers list again this morning. That's 3 days in a row. That suggest another down leg in the price. Nothing guaranteed, but it's been working like that. Buyers - LOL are there ever any - may want to wait a few days.
Its flatlining, needs a defribrilator....
Pearls, the fact of the matter is they still sell that stock, and they sell it at catalogue price, it’s overvalued, same with most of their stock, yes they carry rare material (and actually you can find most of it on eBay) but it is at a premium
And if you cannot trust what you’re buying off eBay why are you buying it in the first place? If you are spending hundreds if not thousands on stamps you should really be familiar with the material you are buying, secondly eBay has a money back guarantee, it’s not anymore risky than any other dealer,
As time goes on we’re going to see a shift from Stanley gibbons being a dealer and moving towards an auctioneer who just so happens to sell lots buy it is on consignment, which is starting to happen, there’s very little money in being a dealer anymore hence their extortionate prices, when it’s just as easy to be an auctioneer and you can maker 30-40% on the final sale price
Cheifstamper, whatever it is, if they do pull off trading back into the black again this year then I am sure all shareholders will be cheering them on from the rafters.
And the share price should move fairly swiftly upwards as well.
"cheering them on from the rafters". Ha more like cheering them on from the gutters.
Well "share of the year" LOL looks very weak again. @2.3 it still looks over valued to me.
With changes at Hornby, and the collapse in spending on funerals...then Red Flags here abound. How much longer with they want to be distracted by this minow..
Best avoided.
Devon, much as I may be SG's biggest supporter, even I am frustrated by the lowly share price and lack of any news.
The recent update from the CEO was positive, especially his finishing comments about the company moving into the black again, but there was no response to this by the market. In fact, in very small trading the price has fallen consecutively over the last few weeks. I'm surprised that Phoenix / Showpiece / the new big investors are happy to let this persist week after week. Presumably there is some plan afoot?
In the meantime we have Stampex to look forward to next month, and another advertising blitz surrounding the 1c magenta which apparently will be on display at the show, so should boost the sales of the 1c fraction.
Personally I'd like to see Showpiece wheel out their next offering as we keep on hearing that something else was about to be offered, but where is it / what is it? I'd also like to see more developments on the proposed new exchange to allow fractional holders the ability to sell / buy such holdings.
Unfortunately, the next scheduled trading update is the 2021 finals half year, due in June. That's a long time to wait.
Don't worry, it will be 2023 before you know it. LOL Maybe "the share of the year 2024"?
Today: trade price 2.2755 it looks like we are still edging down towards my 1.8-2p price, I expect that to be the "share price" before long. It all looks very weak to put it mildly.
Devon, it is being very weakly traded currently. Out of 427m shares the daily share turnover is regularly less than 100,000 and I have seen the shares fall when as little as 5000 are sold. That is just ridiculous but no-one is buying whilst the next scheduled announcement is so far off.
"shares fall when as little as 5000 are sold"
You are describing the poor liquidity you've repeatedly said, over the last 2 years, doesn't exist!
Pearls I don’t think the 1c Magenta will do anything for them, having tracked the shares sold they’ve still only managed to sell 11850/80000
Nov 12th to Dec 1st was 980 shares sold
Dec 1st to Dec 30th was 638 shares sold
Dec 30th to Jan 29 ... 99 shares sold
They had a huge drop off in sales, no further emails, no further posts, nothing… it’s disappointing
And still the loophole exists to purchase the entire stamp for under half the price they paid, and because unfortunately due to overall declines in the philatelic market nobody wants the stamp, thus nobody has acted on that clause of the contract
I will be curious to see what happens at stampex, I might have to pay a visit
Now Showpiece have removed the numbers remaining, it is just a percentage.....
No news on the marketplace they said would be ready BEFORE JUNE.
I went past the store last week, completely empty apart from one staff member. No rush of collectors either despite dropping of mask mandate.
Three points here Pearls.
i) Until the Guernsey court case and Malletts bankruptcy filing are completed, I would expect parties interested in investing in the huge future potential of SGI to take a guarded view. No figures have been released for the worst case scenario of Malletts and the potential loss in other subsidiaries of unrecovered inter-company balances.
ii) London International Stamp Exhibition delayed from 2020 is being held 19th to 26th February 2022. During the exhibition, the 1 cent magenta will be on display at 399, Strand NOT at the exhibition.
iii) Stampex 2022 Exhibition is being held 28th September to 1st October 2022.
Thanks Shreddinggreen - fair cop. I must admit I thought the big stamp show was another Stampex. Frankly, they all look the same, and any show at the Business Design Centre seems to always have a similar crowd of exhibitors each time, no matter what they call it.
As regards the Guernsey and Mallets situations, I believe both are ring fenced from the mother company, and both are basically largely declared already on the balance sheets. With Guernsey my understanding is that there is one claim which Directors feel has no merit and is unlikely to proceed, whilst with Mallets, I would have thought SGI to have excellent grounds to make a successful claim against Stella McCartney. The US claim is the opposite really to the Guernsey one in that SG has had to make the bankruptcy application because of failure by a third party to pay her rent. I cannot see that there will be many more unexpected costs arising from that position, hopefully there will be a payout from Ms McCartney in due course, especially now we're all emerging from COVID.