Member Info for devonplay

HBR is a disaster waiting to happen for hapless private investors, might be worth a re-look under 16p. Even then it's doubtful.
With the world looking to accelerate the move to post internal combustion, 2025, then these type of assets are only worth looking at if you own the secured and discounted debt or when they have blood dripping from every orifice. At the moment, HBR is being being held up by the hapless...I might have trade if I see blood. Until then, it's not worth bothering or holding.

Air has started going out of the NFT craze already, CNBC has been running an article on it this week. Bit chain, and even bit coin, has real world utility. NFT's? Difficult to see. Bitstamps? Besides a small market of young collectors, it's look more like an expensive stunt. Makes me wonder if it's really just signalling there's very little future for the core business. Roll on the results...

AUME increased 37% over the year, that's rather impressive given the historical growth. It should be an interesting day. Special div. and they seem to be really getting to grips with th modernisation and diversification of the income stream.
I was first interested in REC for it's balance sheet and slight hedging appeal..now it looks like we have a growth stock in our portfolio! I wonder what the market is going to make of it. Debt free growth, there's a rare diamond for you..

"and as proved by SG's previous unsuccessful marketing of investent schemes."
Didn't they get in trouble over that scheme? FCA or was it the advertising? I can't remember.

clearly demonstrates.
I think you've hit it on the head Hamilton. It does feel a little like they decide to use SGI to reposition their other investment vehicle. If this doesn't work out they are heading toward being 30m in the hole on this, surely that's going to make them think about the merits of keep pumping cash into SGI?
I can't help but think we are in the last phases of their game play, jumping on the NFT wagon might be the best indicator of it not working out.
Certainly, if we get a decent rally on the hype, I'll take the opportunity to dump my legacy holding. I just hope Pearls will try a bit hard and really get the price moving ;)

"The CEO - Graham Shircore, bought 705,741 shares in March 2018 per RNS at the time."
You've been banging on about the share price recovery coming in the next few days for how long now? 2 years? And during all that time not a single buy from the CEO? In fact he hasn't added for 3 years! OMG! 2018 hahaha

"The CEO - Graham Shircore, bought 705,741 shares in March 2018 per RNS at the time."
You've been banging on about the share price recovery coming in the next few days for how long now? 2 years? And during all that time not a single buy from the CEO? In fact he hasn't added for 3 years! OMG! 2018 hahaha

Sometimes, if not more technically, called ESOPs.

https://www.lse.co.uk/DirectorsDeals.asp?shareprice=SGI&share=Stanley-Gibbons
"Incorrect Jayblu. The CEO bought 705,000 shares some time ago."...not according to the above page and the London Stock Exchange (I went back to early 2019).
Mind sharing the RNS that showed the purchase? I know you don't usually respond to requests, but it would be great if you could.
Maybe you're confusing options, like ESOS (if that still exists), with market purchases?

"Devon, I think once the results are issued next month it will be time for you to give an exceedingly rare positive comment on the company. "
Hang on, not so long ago you were calling them "Pitiful" LOL
"bitstamp" LOL yeah as it's taking a decade or so for "bitcoin" to be come established, that "full glass" of yours might a bit flat with the wait hahahaha
I think I much prefer the House of Mouse, over house of cards...that's much more appealing at it attracts inter-generational customers, not just 60+ men..old blokes hanging around a Disney store might be a bit odd. Better they stay at home and wait on Stampex. ;)

Any one else wondering why our key benevolent shareholder, and main creditor, didn't just clip, forgive, $8m of the debt?
Isn't this lark with the "world most valuable (depreciating) stamp" just the final acceptance that the business model of SGI just isn't going to recover?
What happens if the traditional collectors of stamps give the NFT a miss?
- Pheonix take their stamp back of course,
But, what happens to SGI then? Management distracted, key stakeholder disillusioned. Only Pearls at the barricades...we could be looking at the last throw of the dice.
Worryingly, I don't like the timing of this, it feels like it's a distraction from the figures they are going to present shortly...it just feels a bit desperate.
Has the house of stamps, just lurched into being the House of Cards...?

Sorry, I try to be accurate...I remember the term used by Pearl's - "Pitiful" performance.

So just for future reference you are now agreeing this has a relatively small float, that could limit an investors options if this turns out to be another false dawn.
Or as you say "This is not the most liquid of shares"...is that better of worse than your 2020/21 view of performance? What was it you describes it as? "Pathetic" wasn't it?

"This is not the most liquid of shares so when is the price going to rise?"
Errrr, when ever I said these are illiquid you claimed there was plenty of liquidity!
It's almost like you'd say anything as long as you can get out :)
- SGI thread remains the best laugh on the site. hahahaha

It makes me wonder how bad the upcoming figures might be?
Smart move for Pheonix. Not sure for everyone else. I still think the best approach is to forget SGI, play Pheonix's listed vehicle if you are desperate for to play "recovery" against the pro's.

The timing of this makes me wonder how bad the 2020/21 figures are actually going to be....my expectations have gotten worse after today's RNS.

"This asset must boost Net asset values of the company - in turn the share price must rally substantially."
Surely if it's an asset, you also have to recognise it's a LIABLITY....that's why they are called balance sheets.
They can't sell it without Pheonix agreement, it's returnable to Pheonix after 5 years, so It's difficult to argue that's is an encumbered asset, but it's certainly it's a new obligation. They even say it in the RNS "Details of the Loan Facility "
No, I'm not looking for negatives. I just don't want you be disappointed again. :)

Bought with a loan
50% of any profits going back to Pheonix
If item unsold, asset return to Pheonix after 5 years and cancelling the obligation unless they agree to extend.
They can only sell it only if Pheonix agree
Are you sure you've read it?
;)

"I thoroughly expect the price to move sharply up on this news."
3 1/2%, and spread increased to 10%...loss of 7% on the trade, sharply indeed. Wonder if this means Pearls will change tune on ARB? hahaha

This will get Pearls excited....
It does tell you how desperate they must be to try and turn it around...only 50% of the profits, more debt and if it all goes wrong Pheonix take the asset back...real winner for Pheonix, as usual, sign of desperation for SGI. If this doesn't work out, maybe it's the bitter end sooner than the sceptics thought?
Last chance saloon is you ask me.