Member Info for devonplay

I think it's a fair approach GP. I think it's going to be more investable once we have figures that reflect a full years post-covid trading, so March/June 22. If the figurers are "knockout" in October it might be worth a punt.
I don't think they are going to turn that balance sheet round in 6 months, so yes they are going to be cash negative for most of '21 and unable to service their debt. The issue of course is that you have to considered that spread, so even if that last 6 months carried on the "less bad" theme...how Peals interprets that in to turn-over doubling is a bit beyond me..then you could see the share price rise and your profits cuts by the spread IF there's the usual liquidity. I'd work on a double digit spread when making any future estimates.
On balance, I don't see any evidence to suggest treble digit growth in turn-over, there was no suggestion in the last RNS that the company was predicting that kind of performance or a substantial turn-around, so on a risk adjusted basis it remains nothing more than a gamble. Nothing wrong with that, BUT if we are in a upward super cycle for markets and commodities .....fastest growth pace in the UK for 70 years according to the BoE...then there's just going to be easier pickings else where. Of course that won't help Pearls, who said in a previous post was thinking about throwing in the "towel in" on SGI earlier in the year and the covid-lock-down would be great for SGI! That's migrated to "pitiful" performance now reality has dawned.

Just one trade today. Would we consider that "pitiful"?
Overall, positive day for the markets. You'd think they have picked up this super high growth company by now wouldn't you......no movement for SGI and just 1 trade. That blows efficient market theory out of the water ;)

Why are you being so negative about last year? The figures aren't even out yet, but you still call the performance "pitiful".

LOL
"pitiful £11m" after a year of predictions we now get this! I thought you were predicting a perfect lock-down for SGI? Young people "flocking" to the hobby, Asians, renewed interest and the rest...what happened? Why have you turned to BEARISH?
To save the day, now the recovery is imminent, the same as 2019 & 20, and turnover is going to "double", care to share your evidence or calculations? I know when I last asked...you appeared to have just changed to another subject.
Why has Pearls now turned BEARISH? Can we get an explanation? LOL
It's all turned so negative..2020 WAS GOING TO BE THE YEAR! ;)

"and then need to go all over the place trying to encourage people to see the merits of a company and get them out of a hole LOL"
- you forgot to make a joke about this....I wonder why hahahaha ;)'

Oh, you've discovered a sense of humour LOL about time hahahah
Guess you need one as an SGI investor, usual today, market up. SGI.....tumbleweed LOL

"interested with both negatives and positives" very healthy view. I think it's important to have both. It's also important to have a good debate on the pros and cons of investing. Tiny position for me, here. I also don't contribute much, I certainly very rarely encourage people to invest, much more interested in the reasons NOT to invest. After all the cardinal rule of investing is "don't chuck money down the drain". Once you've considered all the reasons not to invest it's worth considering the reason to invest. Lots of private investors work the other way round...and then need to go all over the place trying to encourage people to see the merits of a company and get them out of a hole LOL

I also topped up at 127, I wonder if we'll see that again in the near future? I won't be too concerned if we do. It's another opportunity to "add". Long term remains on my watch and buy list. Happy to take advantage of any weakness.

Best endeavour and all that. Good luck with whatever you decide. I've been a long term investor in the company.
It's illiquid stock might enhance any up swing, but as I've mentioned it has frequent periods of double digit spread that can quickly erode that. I'm looking forward to the next update. I'm expecting increased losses and turn over to have dropped to around £11m. How the market interprets that is anyone call. It's got a long way to travel as it's debts are quite significant in comparison to t/o, which it's in default with. That leaves you wondering if any future cash flow will be directed to serving them and reducing debt levels. That's a common issue for companies like this. They get starved of growth to service debt. Pheonix's listed vehicle may be a counterpoint to that, SGI is possibly now down to 3% of it's NAV. That's a concern for me, not a red flag, maybe more an amber flag. I think there's some mileage in it, just don't expect an easy ride. Much comes down to your risk appetite...or how desperate you are to exit.
Pearls will call that negative, I'd call it more cautious..and fair. Good luck with whatever you decide. Good luck with your investment if you decide to proceed. Good to see new commentators on here, happy joining day! I thought we might have lost a contributor on here, but we just got a new on :)

LOL 3-24%
Pearls has forgot to mention that in one of out previous "joust" that we have agreed that turnover has probably gone down down for the year 2020, I would suggest that means losses have also increased.
Hence, we may return to the price the market applied last time the turnover was c£11m - closer to 2p. So waiting is my intention.
We have been jousting over this for several years, the whole time Pearls has been confident recovery was round the corner!
Almost 2 years I believe....sometime indeed.

Gold picker, no one can give you a FAIR view on this stock as Peals is determined to always shout them down and put them off.

Maybe, but it's in for a long haul. There's better value, more liquidity and less risk elsewhere.
I'm selectively buying good business at reasonable prices, but if we are at the start of a super cycle, then momentum might be the best strategy, there's defo none here. No momentum. It may be worth looking back on the next set of numbers and picking up on weakness, but there's not really any rush to buy in my mind. If there is a super cycle coming along, why risk money on a recovery play, when you can take profit from a highly liquid ETF. If you time this one wrong, you can get stuck holding against the spread, which has been as high as 24%. That's a lot to hand back if everywhere else is moving forward.
I think there is an investment case for SGI, but it's not that attractive at the moment unless you want a highly speculative stock.
Cheap enough isn't a strategy that makes sense if you ask me, good at a reasonable price is a much better road forward. Get stuck holding these when everyone else is moving forward, having to hand 24% back because of the liquidity is amuch bigger risk.

Another broad rally, which SGI is missing out on (as usual), and plenty of talk about a "super cycle". Makes you wonder why any one would consider buying a covid-damaged recovery stock, when you can just hold the FTSE 100 and maybe get a couple of years of super cycle upward movement with so so much less risk. Maybe the time to buy "recovery" is when you've ridden the super cycle up for a couple of years and then pick up "recovery" in the tumbledown backwash..back in the bottom draw for this one until 2022/23!

Last day of the week and it's all 2/2/2
2 comments, 2 trades and the price is 2p...I wonder what it will be like in June when those end of year figures come out? Sales down/Losses up.
1/1/1 maybe?
1 comment (Pearls trying to convince the world), 1 trade and 1p LOL :)
Have a good weekend everyone, and thanks for the laughs.

Good question jayblu! Why aren't you filling your boots Pearls IF your confident of £20m t/o within 12 months?

When does DORE show some actual value. I haven't got a price target, but I just feel this has further to fall further. I generally try to avoid Downing listed vehicles, but they do manage some funds for me that are unlisted.

I think we all know the answer, but it is a serious question. You see, I think this generation, and I'm sure future ones, are deeply respectful of history and ecology and don't see it as something to be bought and sold. Over time the "green" credentials of bit-coin will improve, blockchain will be deeply ingrained in our daily life and "young" people will be interested in the quaint idea of stamps and old coins, but I'm not convinced they'll fee the need to own them. They'll just be happy to read about them on Wikipedia or see them in a museum.
This might interest some, there was an article published in the US yesterday, I think Newsweek are carrying it, saying 54% of gamblers think bit-coin will go over $100,000 in the next 12 months......they didn't provide any commentary on what stamps will be doing LOL ;)

You think they were John? I thought the opposite. Interesting to see what the market thinks of the common stock and prefs this morning.

Which do you think the present & next generations will have a deep understanding of and use?
Blockchain or postal stamps?

I think your correct about your view on inflation Carpe. I always run with some protection in my portfolio, so as I pointed out the other day INXG might be worth adding to watch lists. I'm also keeping an eye open for any news about NS&I/HMG's retail "green" bonds. Those bonds, I suspect, might be very low yield, but offer protection against rising inflation and a modicum of tax protection. In response to the broader thrust of your comments, I guess one of this issues "collectables" face is the general proliferation of saving vehicles. I know my portfolio contains a much broader range of assets than it did 10 or 20 years ago and the access points are so, so much lower. So I'm sure your dinar, and stamps for that case , have lots of attraction, but in a vastly expanded universe of opportunities. As pointed about some where below over the last 6 weeks I've invested in listed equity, corporate debt, litigation funding, social enterprise shares, unlisted equity, start-ups and green energy debt. Even just a few years ago that would have taken a family office at the lowest level. I guess collectables just have to compete in a much wider market than they once did and that might the long term value of them.
For SGI, they face much harder greater competition and the curse of demographics. It's a set of horns that might be difficult to overcome, even with the new management under Pheonix. Only time will tell.