RE: London’s theatreland reopens27 Jul 2021 10:27
You’re sounding rattled again. Thank’s for the offer. I’ll try and make this nice and simple for you. :)
In 2013 a report was published, and then picked up by the Guardian ( a newspaper) that said the average age of a stamp collector was mid 60’s. Almost a decade ago (10 years), so it’s likely that today the average age of a stamp collector is mid 70’s today. Please let me know if that’s too complex.
That could be a headwind ( a problem) as there’s no evidence that a large number of people are taking up stamp collecting. You could say that SGI’s customers are getting older than Methuselah’s grandpa (he was a character in the Bible). That has ramifications ( you can look up that yourself) both for SGI and the supply and demand of stamps but in simple terms as people age ,and die, as collectors they aren’t getting replaced and their collections are becoming available. That could lead to over supply. Do I need to explain the laws of supply and demand?
So now we turn our attention to the NFT - I’m a bit worried about this bit.
So there’s a thing called Google ranking, it basically indicates how many times people have searched for a combination of words. “Stamps” and “Stanley Gibbons” is high in the ranking. You understand so far I hope? It’s searched on the internet. But searches for “NFT” and “www.1c-magenta.com” aren’t ranking. No one is searching for that combination. Now, this requires some thinking about, but luckily you know a consultant psychiatrist, maybe ask for a little help, as you try to consider the implication of not attracting eyeballs (attention) when launching a new product and the impact of a declining established customer base.
The average well heeled Cosyfeeter (a brand of footwear broadly catering for older consumers) spent around £120 a month ( in 2013) on stamp collecting, a figure dwarfed by their other discretionary spending habits. I’m worried this is all too much for you. So, if you wanted to play investing in a demographic trend, there are many better ways than SGI.
So, there’s no evidence that they are attracting younger customers, their last report talked about difficult trading conditions and “ranking” suggests little broad interest in the NFT proposition. As well as the additional stamps that will be becoming available in the near future, suppressing valuations and the natural decline in their consumer base.
Oh, I almost forgot. Wall Street is a place in America. Long associated with finance. It’s quote from Gordon Gekko ( a character originally from a film) ;) I hope that helps you keep up? LOL
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