Member Info for CarpeDiem1

very little appetite for these. I could sell 5000 at 2.50p but larger amounts by negotiated trade only.

SP has fallen since 9th April when it was 3.1p

Well done to those who got out then.
My very small investment remains consistent and very small.

I wouldn't say 7 trades is a "wall of buys".
Bear in mind that 500,000 trade is only £12k

Maybe a case of buy the rumour sell the news....

I shall continue to point out that SG need a lot of auctions taking place to make up for the loss of business elsewhere, but my auction contacts (not in SG) say there is minimal amounts of new material coming through. I guess it may be 6 - 12 months before auctions are firing again.

I was bidding on an online auction this week. Lots were going for 10 times my bid. The appetite is there but the material is not. This is going to have an impact on the business for many months. I know they have got this deal going on for new stock and presumably have been selling some of that also, but auction turnover is inevitably going to fall.

I repeat my musings from several months ago that SGI will struggle to get through the 3p barrier.

Selling stuff at the right price through auction is the easy bit.
Replacing it with genuine estate lots is impossible at the moment because there are no valuations going on. Yes, SG can run auctions with its own material but these are just glorified price lists. It needs the genuine estate material from real consignees to attract buyers to its sales and unless the lockdown ends this quarter I cannot see that happening until next year.
SG probably no worse off than many other companies in this regard, but this company is like an oil tanker. It takes a long time to turn around.

There are a few mistakes or typos. You can write to the editors and let them know. I would imagine they will correct for the next edition.

I used to replace my "Part 1" every year but the edition I am using is 2018. Maybe I will get a new one in 2022.

So we end the day more or less back where the share price started, very few trades, going nowhere as usual.
An interesting discussion chaps, but ultimately nothing will happen until we get firm numbers.

I am looking forward to buying my first 12.5KG gold bar.......one day Rodney...

I have a small advert on google to buy coins in my town, so that is what I am generally offered by the public.
I am retired but it is a good way to buy items that would otherwise have gone to a dealer or auction, and keeps me slightly active. I get a lot of silver as well, but I just move that on.

Pearls, I think coins are a more tangible asset. Gold coins for example, if you buy or sell a sovereign, there is maybe 5-10% difference in price.
If you buy a modern First Day Cover it will cost £5-£10 but selling it has virtually no value so you have lost 90%.
As a collector, I collect ancient gold coins, primarily because they interest me. I have bullion coins as well.

More collectors are not necessarily the right collectors.
A thousand more occasional buyers spending say £20 a time is useful but immaterial to turnover required. Millennials returning to collecting can be converted to higher spending over time but as far as SG is concerned they don't have time.
Losing 45% from their main business would be a major blow if this is the case.

A fairly downbeat update.
Coins doing ok, cash and credit facilities ok for a few months, but philately not too encouraging.

"The coin market has remained quite robust in recent weeks and we have seen evidence of more people showing an interest in both coin and stamp collecting. The higher end of the stamp market has however seen a more pronounced impact from the current situation"

Let me cut to the chase and say that SGI sales will be bad, in line with other luxury goods markets.

Auctions, which were an area of growth have been closed. Valuation days and shop sales are not taking place.

That leaves online as the only available market, but I cannot see this area growing much either especially as every other dealer has to now use this avenue to sell their wares.

Even if SG has a few good weeks of selling it has little abilty to replace what is sold as the buyers cannot go to auctions and buy. SG need to trade a million a month, I expect current trading to be well below that.

Pearls says the older generation of collectors is still spending on their collections. I am in that category but my retirement income has definately taken a hit of 20%. Aviva, Lloyds and others have suspended their dividends meaning I no longer have any spare cash for discretionaries like gold coins.

Pearls, those you have mentioned, China still popular although prices have come down, also anything unusual such as Revenues or postal history.

I fear we are losing more collectors than gaining them, although I agree internet sales are good, but About 80% of my sales are to overseas clients.

So few trades there is no real buying conviction. Moving back to the 2.5p level which underpins the company.
Moving higher than that this year will be a stretch.

I am certainly not recommending buying stamps from SG without knowledge of what you are buying. I was merely pointing out someone says stamps rose in value 6% so somebody apparently is buying them and asking the question if SG is pushing investments again. The reason I ask is because SG made huge profits with investments before it all fell apart.
I am sorry you had a bad experience buying a so called investment product, but SG fleeced its clientele with promises it could not keep.

According to moneyweek stamps rose by 6% in 2019 and by 64% over 10 years.
They don't say how they came by this figure but is SG pushing the investment angle again?
In these troubled times collectibles are a hedge against inflation.

Rescheduled for 2022.

Hope I have some money left by then....