Member Info for CarpeDiem1

I am sorry but you are missing the bleedin obvious.
Share price is down because the Dec update was bad.
You can make all the mitigating arguments you like such as new stock coming, new staff, losses halved, blah blah.
However trade was poor in all areas, no amount of new investment is going to help the general stamp market, especially the GB market which is in a malaise. The last Stampex (the premier london sramp fair) in september had 26 dealers pull out at the last minute. I think this tells all you need to know about the current state of the stamp market.
There are parts of SG which could be profitable if stand alone such as auctions. Broken up could be the final demise of sg but shareholders won't get much.

Another company run poorly with too many supernumaries sucking it dry.

Trading has been flat since 2014 and it has not made a profit in 5 years.

Another zombie company here. I think there are many better opportunities out there than this.

I don't think salvation will come in September. Not this year anyway.
One only has to look at prices on ebay to see the complete disconnect between catalogue prices and reality for GB & Commonwealth.
I am told SG are slashing prices to sell older stock. They may achieve break even at some point but have virtually no stock left at the end. Debts remain a problem. I cannot see stock holders coming away with any meaningful amount here, but SG have held on so far. Who knows, perhaps they will find more liquidity from another benefactor in time.

Could be quite valuable if one or two end up in private hands. Worth asking your contacts Pearls if they were given any 'samples'.
I recall many years ago a neighbour who was a collector, bought a mini sheet from our village post office. He tore up the stamps and stuck most on envelopes for whatever reason and suddenly realised they had a missing colour and called me.
He managed to salvage some but the mini sheet was ruined of course. It turned out to be the only sheet found with this error. Intact it would have been worth at least ten thousand. I keep looking for others. They were printed in large sheets of 12. There must be 11 more of these out there somewhere.

Sg failed to make a profit in the last 6 months although the losses were reduced.

This quote in the report is most telling.
"If, through the strategy currently being implemented, we are able to generate growth, we will create a sustainably profitable, cash generative business."

I think it extremely unlikely SG can generate growth in a declining market.
Lets see next year.

It was the ask price through my regular brokerage account. As another poster has pointed out it was a 3% dilution for a 13% drop so looked overdone especially as only 50,000 shares traded at the time of my buy.
They might drop again tomorrow of course but the odds point to them moving higher particularly as there was a flurry of buys late in the day.
The fundraiser was expected so at least thats out of the way for another year.

Seems cheap to me. At 20.75 I'm a panic buyer.

Financing is always an issue for miners. The promise of big returns later for some investment now.

I hear the Guy Croton has left SG. He was newly arrived from Spinks. I have no info on why he left.
I do know that Steve Mathews has retired and Ryan Epps also gone. Is this another new broom or merely experienced philatelists leaving while they can lock in a pension?

Pearls, i am glad you are positive here, someone has to be. Unfortunately you are overlooking the obvious. Net asset value has declined to 2.9p. Why buy this share whose stock value is dropping dramatically. I can buy gold mines for half NAV or less and gamble that way.
You mentioned Shircore's waffly address. I went back and re read it. Looks like a sales pitch to me!.
I don't think this firm will survive that long and I don't like to think you have a large sum tied up in this. Seriously.
Regards.

Futureless is on the right track. Stamp inventory has been slashed but the money generated has hardly made a dent at all. Sales down, profits down, losses continue. The Dec report if there is one, will be similar. I would not touch this at 2p or 1p. Good luck if you are holding this crud.

Pearls, there are millions of stamp collectors in china, but be careful in relying on this market to dig SG out of a hole. 99.9% are investors/gamblers who want to only buy the PRC issues. Lists are published daily in chinese giving the prices and the whole thing is like a mini stock market. Some of the stamps are used as bribes to high level officials. In any case the chinese market has fallen back maybe around 50% from 5 years ago. As an aside, I have never sold anything other than chinese stamps to china and finding a supply of PRC in the uk is now impossible.

No financial updates so far this month and the news will not be good.
Several long serving SG staff are leaving, retiring, and new people are lightweights.
This business is in terminal decline and will go the way of matchbox label collecting. Maybe 20 years left judging but the average age of collectors.

For an opening day at stampex it seems rather quiet. Usual queues to get in but not the normal buzz of a first day. Apparently some 20 dealers didn't turn up for various reasons. Plenty of staff on SG stands but I couldn't sense much enthusiasm.
I think profits will continue to elude SG in this tepid market.

I Am sure the directors pulled out as much as they could over the years, but nothing will turn this turd around.

Confusion reigns. I'm still waiting for a revised invoice from their June auction. The automated systems cannot cope with part payments. More importantly I cannot see the case for investing unless you want to hang on to Phoenix coat tails. SGI is still a long way from profitibility despite cuts and emergency stock reductions and Phoenix only paid 2.5p a share so is probably quite happy at 4p.

I don't know about takeovers but my other infrastructure funds have performed better of late. I hold Gcp, Jlif, 3i, and Trig. All suffered as a result of the Carillion debacle and share prices fell about 10% on some of these. Now recovering, I hope they all have good governance, and pick up some of the former Carillion business. I think Jlif takeover was a bit of luck but clearly someone sees a growth business here so I am hoping my other holdings will do well too.

The latest auction catalogue is full of SG and Murray payne stock rather than genuine vendor lots. They have sold off the remaining apex stock and I hear anecdotally that the new owners are pushing for more sales of old stock.
This will mean significantly reduced stock value at the next update and it remains to be seen whether they can turn any generated money into new stock and profits, or whether this money will simply go to Phoenix to pay off loans and debts.
After all, Phoenix don't want to be creditors when this goes jugs up.

Hard to buy. Managed gbp 500 worth at 23.8p Maybe its time for this share to stop taking and start giving....

Credit Suisse are still keen, 85p reiteration.