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Well "share of the year" LOL looks very weak again. @2.3 it still looks over valued to me.
"cheering them on from the rafters". Ha more like cheering them on from the gutters.
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.
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
Its flatlining, needs a defribrilator....
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.
Top l
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.
Bearish, I cannot agree with your experience, in fact I’m surprised by your comments. I have bought regularly from S.G. over the last year for example from various of their auctions. Each time they have sent through the won lots. Their packing / packaging has been superb, if anything, they tend to overpack items.
Bearishlybullish, shaky is a understatement, all collectors know that the catalogue value is over priced and the fact that Stanley gibbons are continually pushing to sell material at catalogue value is worrying, when all the other dealers cottoned on years ago that if you actually let the market decide the price stock flies out the door
As I said the other day on here “SG are only good for a select few items, I had to warn a fellow new collector the other day NOT to purchase common ‘schoolboy’/‘beginner’ stamps from them since they sell their stock at their own catalogue value.
I was genuinely shocked at how they as a dealer could be happy selling a set of modern 1970s stamps for £50 when the market rate elsewhere and on eBay is £5 (10% of the catalogue value is the standard going rate for stamps) - I feel sorry for any collector who has overpaid from them thinking that their catalogue value is true value,
It’s best to stick to eBay, Delcampe, Hipstamp and auction houses for stamp purchases unless you are in the market for stamps that seldom come up on the market of which SG might have one or two.”
Increasing the catalogue value won’t push up the value of your stamps, only the perceived insurance value..
It’s all well and good saying an stamp currently valued in a catalogue at £100 is now valued at £150, if the market doesn’t want to pay that much they won’t. Isn’t that exactly what happened when SG bought the magenta, paid £6.1m and decided out of nowhere it was worth £8m and now they can’t shift shares of it… oops
2nd day SGI has appeared in my top loser. That's a bad omen, if that happens again then the quoted price usually follows it down. It's not science, but just a pattern I've seen most of the last 12 months.
Pearls,
I bought from the sale before Christmas. 2 of the lots were over described, with faults not being mentioned. They then held a second chance auction for unsolds. One of which I bought and paid for. When I contacted them to enquire about delivery, I was told that the item wasn't available and could not be sold to me. They have refunded me, but the fact remains that the experience is not what we expect from the self proclaimed godfathers of philately.
SG would do well to look at how Spink operate their auctions. Brilliant app, great reliable descriptions, videos of larger lots posted in a timely manner etc etc. I wont be spending my 6K per sale with SG until they improve. Grosvenor and Spink will be getting my business.
Bearishlybullish, you should fact check your comments.
Yes, the publications dept makes excellent products and the catalogues are leading catalogues in their fields. But there's only two current catalogues, I'd hardly call that excellent production. All the foreign catalogues are out of date, some severely so. Just look for example at the South and Central American catalogues - these last came out in 2001. The last Central Asia catalogue was in 2006, the last Russian catalogue was in 2014 etc. There's a big market out there for English speaking catalogues of foreign countries, but at the moment SG is not meeting the challenge, yet this could be a very large revenue earner.
I can't agree with you on the auctions - these seem to be continual sell outs, I know as I participate in them and their Indian auction results for example, were outstanding, and mentioned both in the monthly magazine and in updates from the Company. If anything, they do not hold enough auctions, with enough items, but again I believe that side is slowly being beefed up.
As regards the recent sale, well they always hold a sale around the same time each year - again what is surprising about that? It tends to be a good idea as the store itself is closed from Christmas Eve until 4th January so this creates sales even when 399 Strand is closed. I think you'll find the results of the sale were decent and were probably a further boost to the internet side of the business.
Carp, the cost of advertising / capital / resources on the 1c fraction shouldn't worry you - it is all ringfenced from SG and is bourne entirely by Showpiece, as per previous RNSs. Presumably that is why Shircore sees the company as moving into the black later on this year.
The sales of the BG stamp have slackened off considerably. They will have to pump much more into advertising too sell those fractions. The problem I have with the whole concept is that once a unique item gets fractionized (is that a word?) its no longer unique in my eyes, as thousands of people own a piece. It demeans the whole thing.
I know SG have an interest free loan on this stamp and may eventually make a profit on it in many years time, but huge amounts of capital and resources are being spent on the whole enterprise to the exclusion of other areas of the business.
Good luck all holders. I think you will need it. The publications side still produce excellent products, but the auction side is crashing fast. Last sale saw over described lots, lots that had bids accepted but weren’t available, the latest online auction is poor, user interface on the online catalogue is exasperating. In short, auction side is poor.
Retail is similarly shaky there is a 20% discount on some lovely items. That implies that the market is not willing to pay full price and therefore the value of the stock (ie the stamps) is exaggerated. Easiest thing in the world to hike up catalogue prices, thereby increasing the value of your assets, much harder to shift those items at full valuation as SG are finding out. .if shorting wasn’t immoral I would be shorting this.
Flagged up today on my scanner, another leg down over the next few days? Wouldn't be surprised. It's flagging it up for me suggesting that. It's not clear cut, but if we get a few days of it showing, then I'd be more confident about calling the down leg closer to 2p.
"We'll have our day in due course"
Yep, that's why I said check back in 2023 "check again in 2023......see if it's alive and kicking. ;)"
Pearls, please and try and keep up.
You do seem to be taking my attempt at a consensus on board. Good start to your star year of daftness. LOL
We'll have our day in due course, in fact quite a few of them as I thoroughly expect a sharp rise in the shares this year.
the funny thing is that all those negative commentators on here never seem to have a word to say when the price is rising.
"Don't be daft!"
LOL
Lovely rally ...everywhere else.....SGI..sellers in control again.
Happy New Year everyone.
Just from a mathematical position, I am likely to be correct: after all, the shares have started the year at a mid price of 2.45p so if for example they end the year at say a mid price of 3p, then that would constitute a 0.55p rise = 22% increase. Frankly I am expecting far better performance that that this year, but at least this should give some of you an inkling of what I am talking about. I just cannot see them falling lower than this by the end of 2022 - after all - at some stage during the year we are expecting to hear that the company has moved into the black!
Devon, try and catch up please.
"Don't be daft!"
"I think this share is going to be one of the stars of 2022 and am expecting the shares to be a top performer this year"
In an attempt to find a consensus:
"I think Pearls is going to be one of the stars of 2022 and am expecting the daft(ness) to be top performing this year"
- never say I don't try.
Happy New Year!
As far as SGI, check again in 2023......see if it's alive and kicking. ;)
"I think this share is going to be one of the stars of 2022 and am expecting the shares to be a top performer this year"
Don't be daft!
I think this share is going to be one of the stars of 2022 and am expecting the shares to be a top performer this year
“ In the meantime, you might want to have a look at SG's sale now on, there are a range of excellent items, all with 20% off.”
SG are only good for a select few items, I had to warn a fellow new collector the other day NOT to purchase common ‘schoolboy’/‘beginner’ stamps from them since they sell their stock at their own catalogue value.
I was genuinely shocked at how they as a dealer could be happy selling a set of modern 1970s stamps for £50 when the market rate elsewhere and on eBay is £5 (10% of the catalogue value is the standard going rate for stamps) - I feel sorry for any collector who has overpaid from them thinking that their catalogue value is true value,
It’s best to stick to eBay, Delcampe, Hipstamp and auction houses for stamp purchases unless you are in the market for stamps that seldom come up on the market of which SG might have one or two.