Member Info for CarpeDiem1

Hardly likely to open a marketplace where the sale price will be less than the cost price.
My understanding is the market will only be for those with pieces, not an open market anyway.

Most of the Sectional catalogues are simply not profitable. The Commonwealth catalogue and Collect British Stamps are the moneymakers. SG would probably be better off not publishing catalogues but sub contracting, but it is nice to control the price level of the things you are selling, which is why SG have always kept publishing in house.

Keith mentions in an interview he thinks £3 a share is a likely target, but I can't find the vid now. If anyone can remember or post a link that would be great. £3 a share, might not be enough for some folk who have waited a long time and put a lot of energy into this but it is probably a realistic level and one I would be happy to see.

The NFT market has collapsed...has no one told SGI?

https://www.independent.co.uk/tech/nft-sales-elon-musk-b2071204.html

In theory SGI should be well placed to benefit from the negative 8% interest rates (BOE interest rate minus inflation rate) which eats away their debt, but it doesn't help that their debt pile keeps growing. Collectables have been useful hedges against inflation in the past but I wonder whether that will be the case this time.

Sorry if wrong, but they all look quite similar. I think Showpiece have decided that a few hundred thousand is the right kind of price point as the coin was sold out in a week but the expensive Magenta is still mostly unsold.

The Reigning Queen print offered for fractional ownership on Showpiece was in a set of 4 offered in Menzies Auctions in Australia but sold privately. My guess is that the print will be offered by Showpiece in the £400,000 area. The guide price for the sale was A$800,000 to $1,000,000.

https://www.menziesartbrands.com/catalogue-details/18759?page=1

"We'll be able to update the market on those developments as soon as we ink them".

I note a little wry smile when he said that. Also another European trip coming soon.

It is very likely the next showpiece will be a much cheaper Marilyn. Warhol drew many of them in different mediums. See example.
https://www.phillips.com/detail/andy-warhol/NY030122/40

"KC heading over to Europe next week , also has a visit in Berlin , hope he is taking his favorite signing pen"

is he stopping off at Wolfsburg?

It is what the RNS didn't say which was bothersome.
Increased turnover, yes, but not surprising given almost no footfall last year.
No mention of profitability, rising costs (all salaries and bills are up substantially), or how interest charges are impacting on the business.
Also this is a debt ridden business at a time when rates are rising.
Will the next loan be at 7% or 8% or even more?
Devon has pointed out it is the lender making money here.

Devon, you have called it correctly so far.
It looks like the addition of more debt has spooked some investors. Is this debt really going to be for investment and growth or is it merely keeping the sinking ship above water?
On the matter of increased revenue, presumably the money collected from the sale of fractions is added to the balance sheet. If this is the case the figures are obviously going to look better.

" I would very much think that now is clearly the time to load up with these shares"

The market clearly isn't loading up, sp has gone down.

Oh dear...more debt...

Yes Devon, the ridiculousness of NFTs laid bare.
In his defense though, the millions paid for the nft in the first place was at a charity auction, so some good actually came of it.

Plzen to Cinovec is 185km by road.

RBC downgrade to 'underperform'.

Still over 84% remaining (including the 49% SG is holding back!)

I'm no expert, but these fractions seem like a duff investment.

Re Churchill: In 1942, the prime minister told the cabinet that he would have Hitler put to death if he were captured -- without a trial and in the electric chair, like a "gangster." For Churchill, Hitler was the "mainspring of evil."

Pootin is the butcher of Mariupol. I support Biden's speech and think the US should be sending THAAD missile defense systems to Ukraine.