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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.
Yep. And the sold value is: £80.43… or 44p- I don’t know which one is correct but I don’t suppose it matters much. Happy New Year.
0 buyers, not even our bull willing jump in.
If we've reached the bottom why no buyers?
You would think our bull would be jumping in with both galoshes. Must be the worst signal in the world, a bull that's not willing to average down a deeply loss making position.
One small slip and it's into the deep dark abyss.
The bottom of the ocean is a very dark lonely place, so lonely you'll never spot a buyer. Don't get pulled down by the vortex of someone else losses.
Best avoided.
''Looks to me like at last we may have gotten to the bottom of the recent drift in this stock.''
You have been saying this all the way down from a quid as I recall?
"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. This is the sort of material you cannot get on ebay, I am sure they will shift a lot of it."
SG not normally known for discounting...won't this impact the bottom line, or maybe an effort to get that paper profit the CEO suggested.
They'll come one day. Clearly you are interested enough to keep on coming back to this site. I suspect others, who may not be so vocal, are equally keeping an eye on things.
Currently 399 Strand is closed for the Xmas break, re-opening on 4th January. 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. This is the sort of material you cannot get on ebay, I am sure they will shift a lot of it.
I thoroughly expect internet trading to increase for SG as the year progresses and the coin auctions etc start materialising.
They'll come one day. Clearly you are interested enough to keep on coming back to this site. I suspect others, who may not be so vocal, are equally keeping an eye on things.
Currently 399 Strand is closed for the Xmas break, re-opening on 4th January. 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. This is the sort of material you cannot get on ebay, I am sure they will shift a lot of it.
I thoroughly expect internet trading to increase for SG as the year progresses and the coin auctions etc start materialising.
Calling the bottom, well SGI is a bum share, so we can agree on that.
No buyers again today, just sellers.
Looks to me like at last we may have gotten to the bottom of the recent drift in this stock. It's well oversold, especially if the company is moving into the black next year.
Looks like it will be time to stock up next week onwards before it goes back over 3p again.....