Member Info for CarpeDiem1

But still no interims....and 29,700 fractions still to sell.....

Full page adverts appearing in the investment magazines now, extolling the virtues of owning part of the British Guiana 1c. Not a cheap exercise but not sure whether SG is on the hook for those expenses. However they clearly want to use the investment route not the collector route and we know what happened last time investors got shafted!

No Interims yet. Very poor.

I'm adding, 45-46p seems quite reasonable given the forward yield prospects and interest rate rises over the next 12 months. I will continue to add more if it drops further.

Where are the Interim Results due today? Lack of news is bad. More share price falls expected?

"Sales of the 1c fractional ownership scheme are going well, auctions are going well"

I have to disagree, Pearls. In the last 4 days they have sold 60 fractions, so about 15 a day. At this rate it will take them 5 years to sell all of the available ones, not to mention the other 40,000 held by SG themselves.

The people who "invested" will be sorely disappointed if and when these fractions can be traded if there is a big stockpile of unsold fractions in the vault!

I thought SG might have tapped into something as it seemed early investors bought into the idea of fractional ownership, but now it seems a stuggle to sell fractions. I expect more SG promotions, more discounting and less profit for SG.

We still have no idea how SG intends to make a profit out of the BG stamp if it is retaining 49% of the fractions. If they sell the 40,800 public offering and rake in approx £4m, this is still less than the purchase cost of the stamp.
The fact the company is silent on this indicates they have no idea either.

Sales have slowed right down now though.

Sg state 51% of the 80,000 are available to the public, therefore 40,800, of which approx 30,000 are still left according to Showpiece website.
Assuming SG do manage to sell all of these, what happens to their retained 39,200 fractions and how are these going to be monetised? Without selling them, SG cannot make a profit on the original purchase.

It does seem as though SG has tapped into something here. With all the BG pieces sold, they make around £4m which should help get them out of the hole. Pearls would you post their predicted profit after fees please? Also Phoenix are in for half the profits.
If it works then fractions of a GB plate 77, Tyrian Plum US Inverted Jenny block of 4, who knows. I have taken a punt again on SG shares in the hope this is a success and maybe the way forward for SG.

The discount is still running and I understand the offer finishes tomorrow.
It remains to be seen how many people bought in the hope of making a buck rather than collectors happy to sit on their fraction for eternity.
Still, credit to SGI, it doesn't matter who buys them....

The initial release is 8000, but they are selling faster than I expected.

The wording for selling as follows

"We plan to provide a marketplace before June 2022 through which collectors will be able to purchase/sell pieces of their Showpieces amongst each other."

So not an open market then but controlled by people who are already owners. That is the way I read it.

Have received details of early ordering. Ninety pounds for one fraction.
According to the website 60% of early ordering target reached, so that must be in line with expectations.
Once the initial surge has worn off how well will the rest sell? As a gift idea, its perfect. Something with presumed worth which cannot be redeemed.

53 pounds buys several thousand shares....

I wish I could be as positive as Pearls, but it is successive managements who bear the blame for this calamity.
Unlike Pearls, I don't see the shop refurb as beneficial. £1.5m wasted.
The BG Magenta fractional ownership...unlikely to break even, further indebted to Phoenix/Castelnau
Digital NFT's....others are doing it first and better.
Mallett default....was likely last year so probably not much impact this time.
Stamp sales, dropping fast. As a small time dealer/collector I am getting dozens of calls from people wanting to sell every week and I have dropped my prices for modern postage as my usual outlets are inundated with the stuff. I just see the decline in collecting stamps accelerating. I wish it wasn't so!

The 'excitement' of the Castelnau IPO is wearing off and a few people who bought in hoping for a quick profit are selling up after realising Castelnau is a debt vehicle and give SGI no actual benefit.
Perhaps word coming through about more losses in next months figures. With the Mallett default, they could be worse than bad.

It is not easy finding a 7%+ generator which is low risk low or moderate gearing. The debt market is fine with soft conditions but it may change with bond yields rising and increasing defaults. I try and go for forward yields of 5 to 6%, with a few outliers and a few growth stocks. Bought AAF last week for example.

Switzerland did chocolate flavoured stamps and there have been plenty of 3d stamps, record stamps, hologram stamps and all manner of funnies, most of which do not commend a premium today.

Half year trading update on 24th nov.
Enquiries for the fractional ownership have been poor. I don't think SG will get a profit and will end up owing Phoenix for it.

There is certainly big money moving into digital assets and it is often a good idea to follow the money. With SG however I am not sure. Trying to get old codger stamp collectors to invest in digital assets is problematic. Frankly, as I have said before, are 70 or 80 year olds going to be interested...I highly doubt it.
Young people, the new up and coming wealth generators want to invest in Michael Jordan's Trainers ($1.5m) or Beeple's NFT ($69m) but not a stamp!

I am here too. It is one of my main holdings. No idea why the rise, except good dividend payers have been rising over the last few weeks.

Indeed Devon, although the 2.5p floor will be hard to break with so few trades happening. So far neither the Castelnau debt collective IPO nor the BG fractional ownership have set the share price alight.

We await some news on how massive the take up has been for the fractional ownership scheme but as with all things SG, it is heading for a flop. Pearls will no doubt put a positive spin on it. How many Fractions are you buying Pearls? None? See, told ya!