Member Info for CarpeDiem1

Today would be a good day, but no news is clearly not good news. My tiny holding here is a distraction from an otherwise great day on the markets.

Where is the update?
SG have a history of delayed releases...it is rarely good news.
Maybe a 4.30pm update on Friday?

I hope Pearls takes some profit, I can see the probability of this dropping again....but I am just looking at the stamp trade in general....its very quiet.

Sold two thirds, my buy at 151p a few weeks ago not looking so clever.
I will probably stick with Funds, less gain but less pain.

If I can buy at 150p I will increase my holding

It is 10 for 3 so a 41% discount on closing price.
Still, big falls today.

I had a couple of very nice SG auction catalogues today.
They will probably achieve £400,000 pounds. How much do SG earn out of that? Maybe £100,000
My problem is that the catalogues probably cost £20 to produce, lets say they send out 2000. That's £40k. Plus staff, auction costs and so on. They might make a bit on these sales but probably not much. Just keeping things ticking over. Around 1500 lots mostly priced in the hundreds. Contrast with Corinphila or David Feldman auctions with thousands of lots achieving millions of euros.
The best I can say at the moment are that SG are treading water.
I did have a look in their shop. Very lovely with 2 staff and just me....and they didn't have what I wanted!

The PTS is promoting a virtual Stampex in October this year.
I can't really see it appealing to an older generation of fuddy duddy philatelists.
I don't know if SG is taking part or what the format will be, but guess you will be able to move around a map and click on a dealer for stock selections or be taken to a web site.
Another nail in the coffin this year...??

I am sending a lot of penny blacks to China, but but this the only non Chinese material they are buying.
I don't believe there is a bored collector billionaire out there wanting to fill his/her shelves with albums.
Investors seem pretty bored with SG. Only a handful of trades each day. Nowt gonna happen soon. Average down by all means but don't bet the garden shed on it.

Pearls, I am glad to see a bit more realism in your posts.

They are losing less money than before so I suppose that is positive.
If they can get to the stage of making a couple of million profit it will only take them 10 years to pay back the debts.
If you are putting these in the drawer, give it at least 5 years.

A very quick read through shows turnover up, profits down, stock down, debt up, costs down, no sign of a profit.
However to be honest I thought it would be worse.
Another year of holding and see what happens I think.
I'll give the accounts a more thorough read when it rains.

"now that 399 Strand is such a showplace I can only see the price going up markedly"
hahahahahahahaha
I laughed so much my head fell off.
The price is actually falling. I am still in profit.....by £60.

Devon
I have sold off nearly all retail and real estate now. recovery will be another 5 year grind, and just when you think the global economy is out of the woods...inflation. Which, ironically, would be good for stamps and coins, but possibly too late for SG.

Like much of the market at the moment, the share price is driven by the Covid situation, regardless how much cash is in the bank or how much govt aid a company is getting or how much online business is being done. The 2nd and 3rd wave in countries around the world is driving investors for cover in much the same way panic took hold in April.

Until people are comfortable about going out, shopping and eating out are going to be undesirable for many people. Most people can make do with old clothes for a year or so...

With hundreds of retail outlets that are not generating much revenue, can Superdry re-invent itself as a major online retailer. I realise online turnover is up, but not anything like enough to maintain its turnover. At the moment, without a vaccine, the 'high street' is dead. The Costa chain in Tesco's much the same. No seating, no customers, 4 staff but dead as a doornail. When furlough ends many of these places will be shut. It's the terrible new reality. Superdry may be worth buying at some point but there are no factors which would make me add to my position at the moment.

It has continually disappointed so I sold half. If it gets to 30p I will sell the rest.

Looks like the recovery is stalling anyway. There won't be a V shaped one. Unemployment will be higher and last longer than many people currently think.

Devon...I agree with your sentiment but your poetry sucks

Too much Sherry perhaps.....

Looks like a treading water statement to me.
In spite of online sales doubling, overall revenue down 56% this quarter.

Thay say they have lots of interest in their online auction but don't give any figures. I can inform you that my contacts are saying figures for auctions are bad. As I said in previous posts, they are simply not getting enough collections through the door at the moment, despite whatever they say about virtual valuations. Personally, I have not noticed a great volume of people selling. Most folks still hunkering down.

On the quoted 100% increase in online trading...is that so great? Many other retail businesses have recorded online sales increasing by much more than this. It is better than nothing Pearls, but not really that impressive when there are no shops or home visits to wealthy clients anymore.

May not survive the continuation vote in which case about 60p? would be redeemed.