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prerinse gone in ;)
Let's see what the figured say when they release them. I'm not expecting them to be that impressive for 20/21. They've yet to provide any information suggesting there's been the improvement in trading you mention, in fact quite the opposite, the last update outlined how difficult trading was.
The shares could react strongly to news, in either direction.
I'd like to see some clear comment on how they are getting on with interest in the NFT. The actual trading I expect to be poor. But, it's always about the future. That looks, as the moment, not that inspiring. I'm afraid I see the NFT as a last ditch effort. If that doesn't work out, what's left?
You still can't get away from this being very much a Phoenix vehicle, that should always demand a discount in the way that CLDN has one. I'm really not sure if that EVER makes it a sensible investment.
It's a matter of fact, when they've published, until then it's only opinion. Be we know you're always positive, even when the wolf is at the door and you can hear the key turning in the lock ;)
I wouldn't see it as a reason to buy, but it's does prove my configuration works. Well. It's piping the data anyway.
Locals? What locals, all ARB's you upset have left... ;)
This will please Pearls. I'm in the process of building my own portfolio notification system, so that it runs in cli in a power efficient way. Well pipes the output to my terminal, alongside any RSS feed.
It's just notified/ called SGI as having a positive "BUY" RSI signal.
As I'm not a programmer, and scripting isn't my thing, you pay your money and take your chance on that reco. ;)
Thank you for that, you've shared so much info. ;)
I don't disagree with you about the the greater potential in other places. What ever you play at, enjoy it.
It's been fun. Alas, I've only built up businesses, exited and retired early and spent the last, almost 2 now, decades as a full time private investor. I've never worked for one of the big 4, but have hired them more than a few times. I only reached working in the square mile for private equity. If I ever need an accountant again, I'll send you that PM LOL
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
"Misanthrope" LOL
You know what they say on Wall St? If you want a friend get a dog LOL
Or if you want to spot a Stanley Gibbons shopper, see if they are wearing shoes from Cosyfeet hahaha.
I'm guessing no one is doubting with the general comment, that if the average age of stamp collectors in 2013, source the Guardian, was mid 60's then today it must be mid 70's as there's no evidence that the post boomer gen. is rushing to take up the hobby in their dotage.
You can always tell when they've lost the plot, they start name calling...it would be a dream if you could short SGI in any significant way. "Shorter " the usual thing they call you round 'ere. Hahaha
That's why the search stats. (google rankings) might be important, or lack of ranking, otherwise demographics is a very strong head wind...and not just for the toupees. ;)
I believe Pearls prediction for 2020/21 was revised down from £21 to £10m. Could quite easily be a £m loss , more if you include the loan default. It's a enough to make you quake in your support stockings ;)
Given the average age of a stamp collector in 2013 was mid 60's wouldn't it be better to describe them as velcro strapped. If not their shoes, some other support function, rather than well heeled?
I'm sure a limited crop of new mid 60's gets added on a diminishing basis, but as time has gone by can we now conclude the average age of a stamp collector is mid 70's?
Strange, last year you said it was young people flocking to the hobby and when that didn't happen it was the UK Chinese population, something less than 0.3% of the UK population if my memory serves me well, and now it's well velcrosed oldies skipping down the Strand...
I'm getting the whiff of desperation, maybe wanting to encourage other before the results so you can bailout? ;)
Don't push, you know how over 70's hate a crush. LOL
If you ever had any doubts that HBR is busted flush, you only need to look at it's forward commitment to capex.
Celebrate it, hardly, you want to buy when some has spent all that cash, not before, and then at a discount
They are providing a healthy commitment to burn more money, whilst over seeing a destruction of equity, down over 20% of recent. They need to spend cash to shore up those creaking assets, the assets that get more irrelevant every day.
Yippee they are spending cash....LOL....in a 20th century industry. ;)
Just for the record, how many years have you been saying that now? LOL
I thought by now you'd suggested SGI would be 9p and HRB 800p ....so you'll excuse me if I dont take much notice f your predictions LOL
Net assets 3.4bn, 10 years ago 468m. I've ridden that all the way I'm glad to say.
On first glance, OK set of results. I find PCT's & Ben's stuff a long read, so I better get on with it.
illiquid? Like HBR...not producing as much "liquid" as expected LOL ;)
240 & 2.2 Club awaits.
You don't need to check HBR's price, when it goes dowN Pearls feels the need to desperatley pump SGI....LOL
It's an attempt to get something out of the red for once LOL
It's become almost like clockwork hahahaha
"Devon, I'm not asking for this Board to be changed! In fact I think buying the 1c magenta stamp was a masterstroke. Time will tell."
It difficult. BUT, you know you always demanding a change of Board when the price doesn't go up. You did on Debenhams (disaster) and you have on HBR (lost almost 30% over the last 2 weeks) Sigh.
http://www.1c-magenta.com/ SIGH AGAIN:
"But, on the other hand, if site rank http://www.1c-magenta.com + NFT....you get "position not found"!
Is there a Magenta Elephant in the room? Let's hope there's some detailed info. when they release, but on the face of it they aren't bring in NFT fans. More magenta pain to come..Pearls will be seeing red and asking for the Board to be changed!"
A masterstroke that nobody is searching for......Time will tell indeed. But, for 2 years you've been taling about this taking off...and now you want time LOL
I see HBR is down again, 240 is round the corner. Or as you said:
"Hopeless." and "sack the lot of them." ;)
So is http://www.1c-magenta.com/ catching the imagination? Well....
If you site rank https://www.stanleygibbons.com/ + stamp, you get within the top 6. Maybe no by suprise there.
But, on the other hand, if site rank http://www.1c-magenta.com + NFT....you get "position not found"!
Is there a Magenta Elephant in the room? Let's hope there's some detailed info. when they release, but on the face of it they aren't bring in NFT fans. More magenta pain to come..Pearls will be seeing red and asking for the Board to be changed!
MM Love #guianastampforguyanese
It's simply know one is applying a big enough discount to the equity. Making a comparison to other large oilers misses the point. There's already a large vested community of holders, where as HBR is the new boy on the block, so where you might already holding others, legacy positons, but wish you weren't, there's no special reason why you'd want to hold HBR. Well, not until at least it's at a compelling valuation plus a very substantial discount. It's not even close to that yet.
"I amazed how strong HBR is, still expecting under 16p (old money)before long."
Looks like I was on the money with that one. I'm still looking at SGI @ 1.8-2.2 before long.
Next leg for HBR 240p.
Nervous week ahead for HBR'ers. Decisive move down this week could bring 240 into play over the summer.
To think, some were pumping 800p target by now...who could that of been LOL ;)